other material
confidence high
sentiment neutral
materiality 0.50
Perma-Fix extends stock option milestones for consultant; approves 2022 exec compensation plans
PERMA FIX ENVIRONMENTAL SERVICES INC
- Third amendment extends 2,000-gallon milestone to Dec 31, 2022 and 50,000-gallon milestone to Dec 31, 2023.
- Base pay for CEO Mark Duff set at $374,870; CFO Ben Naccarato at $304,772; other EVPs also increased ~6.4%.
- No performance bonuses paid for 2021; 2022 MIP targets include Revenue, EBITDA, Health & Safety, Permits & Licenses.
- 2022 MIP payout ranges 25%-150% of base salary; total exec bonuses capped at 50% of pre-tax net income.