other material
confidence high
sentiment neutral
materiality 0.40
Coffee Holding restores CEO salary to $450K, eliminates $1.6M bonus
COFFEE HOLDING CO INC
- Amendment No. 2 restores Andrew Gordon's base salary to $450,000/yr effective Feb 1, 2026 (from $80,000).
- Company must pay a make-whole lump sum for the salary difference accrued since Feb 1, 2026.
- Amendment eliminates the $1.6 million incentive bonus tied to Gordon remaining employed until Jan 1, 2030.
- Executed Aug 31, 2026; no other changes to the employment agreement.