CEO Andrew Gordon salary cut to $80k, gets $1.6M retention bonus if employed through 2030

COFFEE HOLDING CO INC

Base salary reduced from $325,000 to $80,000 per annum effective Feb 1, 2026.
Granted incentive bonus of $1.6M if employed until Jan 1, 2030; paid by March 16, 2030.
If terminated without cause or resigns for good reason, full bonus payable within 30 days.
Severance benefits now require signed general release; no new restrictive covenants imposed.
Bonus pro-rated for disability or death; no bonus if terminated for cause or resigns without good reason.

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