secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001214659-24-004600
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

VerifyMe approves short-term bonus plan for CFO and EVP; CEO bonus now payable in cash or stock
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- Compensation Committee approved a short-term incentive cash bonus plan for most employees, including CFO Nancy Meyers and EVP Curt Kole.
- CFO Meyers eligible for up to 15% of base salary; EVP Kole eligible for up to 6% of base salary, with upward adjustments possible.
- Bonus based 50% on Adjusted EBITDA target and 50% on revenue target; bonus can increase up to 150% if revenue exceeded.
- CEO Adam Stedham's annual bonus can now be paid at his discretion in cash or common stock based on 30-day VWAP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924004600/0001214659-24-004600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924004600/d3152418k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-004600

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer