GoPro CEO Nicholas Woodman waives salary for remainder of 2025 to reduce costs

GoPro, Inc.

CEO voluntarily waived his base salary from March 19, 2025 through Dec 31, 2025 to help cut operating expenses.
Waiver does not constitute Good Reason or CIC Good Reason under his employment agreement.
Severance and bonus calculations will be based on pre-waiver base salary rate.
Base salary will resume at the prior rate on January 1, 2026.
Woodman has no entitlement to any true-up, gross-up, or similar compensation for the waiver.

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