leadership
confidence high
sentiment neutral
materiality 0.50
Coffee Holding amends 8-K correcting CEO's base salary reduction from $450K to $80K
COFFEE HOLDING CO INC
- Corrects prior 8-K: CEO Andrew Gordon's base salary cut from $450,000 (not $325,000) to $80,000 per annum.
- Granted incentive bonus of $1.6M if he remains employed until Jan 1, 2030, payable by Mar 16, 2030.
- Amendment requires CEO to sign general release to receive severance benefits.
- Amendment effective Feb 26, 2026; approved by board; filed as Exhibit 10.1.