leadership
confidence high
sentiment neutral
materiality 0.50
Seritage Growth Properties amends CEO Adam Metz's employment agreement; base salary $1.1M, bonus target raised to $1.3M
Seritage Growth Properties
- Initial term of six months, with Company option to extend for additional six months.
- Annual base salary unchanged at $1,100,000.
- Annual bonus target increased from $1,225,000 to $1,300,000.
- If not extended, bonus prorated to 50% of target for six-month period.
- Other terms of prior agreement remain unchanged.