other
confidence high
sentiment neutral
materiality 0.30
Star Equity enters new COO employment agreement with $450K base salary
Star Equity Holdings, Inc.
- COO Richard K. Coleman, Jr. receives annual base salary of $450,000 under new agreement effective Jan 1, 2026.
- Eligible for discretionary cash bonus and restricted stock units subject to performance goals; RSUs vest over three years.
- No severance payment or additional employment term in event of change in control.
- Company may terminate with or without cause; termination payments limited to earned but unpaid compensation subject to release.
- Agreement runs through Dec 31, 2026 with automatic one-year renewals.