Psychemedics approves 2023 cash bonus plans for executives

PSYCHEMEDICS CORP

Compensation committee approved 2023 cash bonus arrangements for CEO, EVP, VP Lab Ops, and Controller.
Participants (excluding EVP) can earn up to 25% of base salary based on revenue, earnings, and individual goals.
EVP target is 20% base salary on revenue goal and 5% on earnings goal.
Committee retains right to withdraw, amend, or terminate bonus arrangements at any time.
Post-year-end CEO review will assess individual goal achievement for other participants.

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