other material
confidence high
sentiment neutral
materiality 0.35
Marygold enters employment agreements with CFO, COO, CLO/CCO; $425K salary each
Marygold Companies, Inc.
- CFO Stuart Crumbaugh, COO David Neibert, CLO/CCO Carolyn Yu each to receive $425,000 base salary.
- Each eligible for bonuses under 2021 Equity Incentive Plan overseen by Compensation Committee.
- Involuntary termination severance: 6 months' salary, not applicable on resignation or gross misconduct.
- John Love receives one-time bonus of 5% of net proceeds from an 'Eligible Event', capped at $5M.
- Agreements effective April 1, 2022.