other
confidence high
sentiment neutral
materiality 0.10
Fuel Tech adopts 2024 sales commission plans for SVP and National Sales Manager
FUEL TECH, INC.
- Compensation Committee approved 2024 APC Plan for Senior VP Sales and National Sales Manager, effective Jan 1-Dec 31, 2024.
- 2024 FUEL CHEM Plan provides commission to Senior VP Sales based on a specified % of net revenue from U.S. and Canada customer units.
- Commissions paid quarterly within 45 days after quarter-end; spec percentage rates remain confidential.
- Plans cover APC product lines (ASCR, SCR, SNCR, catalyst, etc.) and FUEL CHEM chemical program sales.
- Both plans are at-will, subject to modification or termination at any time by Fuel Tech.