leadership
confidence high
sentiment neutral
materiality 0.35
Live Ventures amends Precision CEO's employment: salary to $475K, term to 2027, bonus structure revised
LIVE VENTURES Inc
- Base salary increased to $475,000 effective Oct 1, 2023; 5% raise for each acquired steel business over $10M revenue.
- Employment term extended to September 30, 2027.
- Annual bonus up to 100% of salary: 75% based on EBITDA targets, 25% at Compensation Committee discretion.
- FY2023 bonus fixed at $325,000, payable within 10 days of agreement.
- Additional perks: $2,400/month vehicle allowance, $400/month life insurance, 15% deferred comp contribution.