leadership
confidence medium
sentiment neutral
materiality 0.25
Usio enters employment agreement with CAO Michael White effective Aug 18, 2025
Usio, Inc.
- Agreement sets term through Jan 1, 2027, with automatic one-year renewals unless notice given.
- Provides for base salary, bonus, deferred compensation, and standard non-compete/non-solicit clauses.
- Deferred compensation payable in 12 monthly installments upon termination without cause or for good reason.
- Change of control triggers full vesting of stock options and restricted stock plus deferred compensation.
- Specific salary and bonus amounts are not disclosed in the filing.