other material
confidence high
sentiment neutral
materiality 0.40
Innovative Food Holdings adopts annual incentive plan for CEO, COO, CFO with targets up to 200% of base bonuses
INNOVATIVE FOOD HOLDINGS INC
- CEO Robert Bennett target bonus $187k, COO Brady Smallwood $81k, CFO Richard Tang $54k.
- Payout weighted 20% on revenue target, 80% on adjusted EBITDA target.
- Maximum bonus is 200% of target; no threshold amounts.
- AIP adopted June 22, 2023 by board; applies to FY 2023 performance.