Taitron reduces dividend 30%, cuts CEO/CFO salaries 30%, modifies severance

TAITRON COMPONENTS INC

Board approved $1.6M one-time compensation to US employees; CEO Stewart Wang gets $568,750, CFO David Vanderhorst gets $359,450.
Base salaries reduced 30% effective July 1, 2025: CEO now $136,500/yr, CFO $116,130/yr.
Severance policy changed from 1 month per year of service to 1 week per year after June 30, 2025.
Dividend policy reduced 30%: annual target $0.14/share ($0.035 quarterly) vs prior $0.20; no dividend declared yet.

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