leadership
confidence high
sentiment neutral
materiality 0.50
ImmuCell enters new employment agreements with CFO, SVP; grants stock options
IMMUCELL CORP /DE/
- CFO Fiori base salary $315k, target bonus 50% of base, option for 120k shares at $6.26.
- SVP Brockmann base salary $300k, same bonus structure, option for 100k shares.
- CEO te Boekhorst gets performance-based option for 110k shares, vests only if 4-quarter net operating income ≥ 300% of FY2025 audited NOI.
- Options vest in 3 equal annual installments starting Jan 2027, expire 10 years, subject to change-of-control acceleration.
- Effective January 27, 2026; agreements include clawback and severance provisions.