Mama's Creations settles invalid director stock options for $450K cash and 67,672 shares

Mama's Creations, Inc.

Settlement with directors D'Agostino, Burns, Janeway, Toto for invalid options granted in 2018-2019.
Each director receives $112,500 cash and 16,918 shares; total cash $450K, shares 67,672.
One-time SG&A charge of $900,000 in fiscal Q1 ending April 30, 2024.
Options cancelled and deemed never granted; directors release all claims.
Shares issued under Section 4(a)(2) exemption from registration.

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