ADTRAN Holdings temporarily cuts CEO salary by 50%, other execs by 25%

ADTRAN Holdings, Inc.

CEO Thomas Stanton's base salary reduced 50%; CRO Wilson, CFO Dopfer, CTO Glingener, and NEO Harris reduced 25%.
Salary reductions effective Nov 1, 2023 through July 31, 2024 (seven months).
Wilson and Harris each granted stock options: Wilson 16,878 shares, Harris 13,067 shares, at $5.23 exercise price, vesting over 2 years.
Reductions are part of a previously disclosed Business Efficiency Program due to macroeconomic uncertainty.

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