Flux Power approves CEO salary increase to $375k, grants stock options, adopts amended bonus plan

Flux Power Holdings, Inc.

CEO salary raised to $375,000 (from $300,000); VP Operations to $230,720 (from $206,000); CFO unchanged at $205,200 plus $4,000/month supplemental.
FY2024 bonus targets: CEO max payout $256,281 + special $400,000; CFO $91,571; VP Ops $94,607 + special $400,000, tied to revenue, Adjusted EBITDA, and functional goals.
Stock options granted: CEO 223,216, CFO 42,750, VP Ops 54,934; exercise price $3.36, three-year vesting.
Board approved amended annual cash bonus plan effective FY2024; includes potential clawback policy pending Nasdaq rule compliance.

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