leadership
confidence high
sentiment neutral
materiality 0.50
Creative Medical enters new 3-year employment agreements with CEO and CFO
CREATIVE MEDICAL TECHNOLOGY HOLDINGS, INC.
- CEO Warbington base salary $330,000/year; CFO Dickerson $300,000/year.
- Each eligible for annual cash bonus targeted at 30% of base salary.
- Annual option grant valued at 30% of base salary, vesting over 3 years (25% immediate, then annual).
- Severance: if terminated without cause or for good reason, 2 years of base salary plus bonuses.
- Employment agreements have 3-year initial term with automatic renewal for successive 3-year periods.