other material
confidence high
sentiment neutral
materiality 0.35
Perma-Fix renews exec employment agreements; CEO salary rises to $374,870; board expands to 9
PERMA FIX ENVIRONMENTAL SERVICES INC
- CEO Mark Duff's annual base salary increased to $374,870 from $344,400 under new 3-year employment agreement.
- Board size increased from 8 to 9; CEO Duff elected to fill new directorship, subject to stockholder vote at July 20 annual meeting.
- New employment agreements signed with CFO Ben Naccarato and EVPs Centofanti, Lombardo, and Grondin, replacing pacts expiring July 2023.
- Severance includes two years' salary plus performance compensation and stock option acceleration upon certain terminations or change in control.
- Annual meeting set for July 20, 2023; record date June 1, 2023.