Optex Systems renews CFO Karen Hawkins' employment through Dec 2026 with $224k base salary

Optex Systems Holdings Inc

New employment agreement effective Jan 1, 2024, runs through Dec 31, 2026, with automatic 12-month renewals.
Base salary of $224,328; target bonus of 30% of base with board discretion to adjust +/-20%.
Severance: if terminated without cause or resigns for good reason, receives six months' base salary plus accrued obligations.
Termination for cause or resignation without good reason yields only accrued salary and bonus through termination date.
Agreement contains non-disparagement, transition assistance, and Section 409A compliance provisions.

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