other material
confidence high
sentiment neutral
materiality 0.50
Transcat raises CEO and CFO salaries by ~16-19%, increases bonus targets
TRANSCAT INC
- CEO base salary raised from $530K to $617,210 per annum (~16.4% increase).
- CFO base salary raised from $275K to $327,330 per annum (~19% increase).
- CEO bonus target increased from 60% to 75% of base; CFO from 40% to 45%.
- Changes effective upon announcement of fiscal year 2023 results.