leadership
confidence high
sentiment neutral
materiality 0.60
Earth Science Tech expands board to 7, appoints Flores and Losada; CEO/COO salaries set at $200k/$150k per month
Earth Science Tech, Inc.
- Board expanded from 5 to 7; Ernesto L. Flores and Victoria Losada elected as new directors, each paid $4,000 per meeting attended.
- Compensation Committee formed with Flores as chair, joined by Emiliano Curia and Victoria Losada; Flores also joins Audit Committee, replacing Mario G. Tabraue.
- CEO and COO amended employment agreement: CEO monthly salary $200k, COO $150k, effective January 1, 2025.
- CEO eligible for quarterly bonus of 10% of prior quarter revenue; COO 7% of revenue; both contingent on assets increasing at least 5% QoQ.