VerifyMe CEO and CFO take 10% salary reduction, get RSUs at $1.60/share

VerifyMe, Inc.

CEO Adam Stedham and CFO Nancy Meyers each agreed to 10% annual base salary reduction effective July 1, 2024 through Dec 31, 2025.
In exchange, they receive RSU grants on July 1, 2024 and each Jan 1 thereafter; number of shares = salary reduction amount divided by $1.60.
RSUs vest fully on Jan 1 following grant; pro-rata vesting on termination (except for cause); unvested RSUs forfeited on cause termination.
Salary reduction does not affect bonus calculations; bonuses continue based on pre-reduction base salary.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.