Canterbury Park raises CEO and CFO salaries 10% and 5%; adopts 2022 bonus plan and new severance agreements

Canterbury Park Holding Corp

CEO Randall Sampson base salary increased to $275,393 (+10%); CFO Randy Dehmer to $220,500 (+5%) for 2022.
2022 Annual Bonus Plan ties payouts 70% to adjusted income from operations and 30% to revenue; target bonus for CEO 35%, CFO 25% of salary.
New severance agreements provide 6 months base salary and COBRA on non-CIC termination without cause; double-trigger CIC severance equals 100% of base salary + target bonus.
Change-in-control provision includes full vesting of equity awards (excluding performance-based) immediately prior to CIC.
Agreements require execution of general release and compliance with restrictive covenants; subject to 409A and excise tax adjustments.

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