leadership
confidence high
sentiment neutral
materiality 0.40
Milestone Scientific finalizes consulting agreement with ex-CEO Arjan Haverhals
MILESTONE SCIENTIFIC INC.
- Consulting agreement with RH Consulting LLC effective Jan 1, 2025, for indefinite term.
- Annual fee of $350,000: $150,000 in Q1 2025, then $66,666 per quarter thereafter.
- Services include sales/business strategy, reimbursement, distributor management, and R&D guidance.
- No minimum time commitment; either party may terminate with 90 days' notice.
- Haverhals remains a director and retains rights under expiring employment agreement.