Xcel Brands amends CEO and EVP agreements to pay 40% of base salary in stock through Dec 2025

XCel Brands, Inc.

CEO Robert D'Loren and EVP Seth Burroughs will receive 40% of base salary in common shares monthly from July 16, 2024 to Dec 31, 2025.
Shares issued on the last day of each month; number = 40% of pro-rated monthly salary / closing price on last trading day.
Executives may forfeit a portion of shares to cover withholding taxes.
Other terms of the 2019 employment agreements remain unchanged.

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