leadership
confidence high
sentiment neutral
materiality 0.65
PodcastOne enters new employment agreements with President Kit Gray and CRO Sue McNamara
PodcastOne, Inc.
- Kit Gray (President) receives 2-year term at $375k salary, 700k Company RSUs and 150k LiveOne RSUs, with performance vesting if PODC stock reaches $3.50, $5.00, or $10.00 for 90 consecutive days.
- Sue McNamara (CRO) receives 2-year term at $325k salary, 150k Company RSUs and 25k LiveOne RSUs, plus target bonus at 100% of salary.
- Both agreements include severance benefits: 6 months of base salary and acceleration of all unvested RSUs upon termination without cause or for good reason.
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