leadership
confidence high
sentiment neutral
materiality 0.40
TETRA reinstates NEO salaries from temporary 20% cuts; three top execs at 90% with higher incentive
TETRA TECHNOLOGIES INC
- Committee reinstated base salaries of NEOs to pre-reduction levels effective July 26, 2021.
- Exceptions: CEO Brady Murphy, CFO Elijio Serrano, and Richard O'Brien reinstated to 90% with increased short-term incentive target.
- Board reinstated 20% reduction on non-employee director cash retainers effective August 1, 2021.
- Annual cash retainer for non-employee directors (excl. chairman) increased from $50k to $70k effective July 1, 2021; per-meeting fees eliminated.