leadership
confidence high
sentiment neutral
materiality 0.35
BioLargo extends CFO Charles Dargan's engagement through Jan 2024; grants option for 300,000 shares
BIOLARGO, INC.
- CFO Charles K. Dargan II's engagement extended one year to January 31, 2024.
- Compensation: option to purchase 300,000 shares of common stock at $0.20/share.
- Option vests monthly (25,000 shares/month) starting March 21, 2023; expires in 10 years.
- No cash compensation; CFO eligible for business expense reimbursement (historically not requested).
- Prior extension expired January 31, 2023; agreement may be terminated on 30 days' notice.