other
confidence high
sentiment neutral
materiality 0.55
CEO Eric Salzman enters amended employment agreement through Dec 2022 with $500K salary and equity grants
SAFEGUARD SCIENTIFICS INC
- Annual base salary of $500,000; term ends December 31, 2022.
- Receives restricted stock award of 60,000 shares vesting monthly over 12-month term.
- Receives performance-based RSU for 80,000 shares, vesting on criteria met during term.
- All unvested equity accelerates on termination without Cause, for Good Reason, or Change of Control.
- Severance includes unpaid base salary lump sum, COBRA coverage, and full equity vesting.