leadership
confidence high
sentiment neutral
materiality 0.50
Appoints Jeffrey Brown as VP & Principal Financial Officer of US Alliance Corp and President/COO of subsidiaries
US Alliance Corp
- Appoints Jeffrey Brown as VP & Principal Financial Officer of US Alliance Corp and President/COO of four wholly-owned subsidiaries, effective June 1, 2026.
- Employment agreement: 5-year term, $275,000 base salary, discretionary bonus subject to clawback for restatements.
- Grants 100,000 shares vesting over 10 years (10,000/yr); unvested shares forfeited if resigns without Good Reason within first 5 years.
- Severance upon termination without Good Cause or resignation with Good Reason: lump sum of 200% of highest prior 3-year W-2 earnings plus 12-month benefits.
- Agreement includes one-year non-compete and non-solicitation covenants.