other
confidence high
sentiment neutral
materiality 0.35
BNED grants $450K retention bonuses to two named executives
Barnes & Noble Education, Inc.
- Compensation Committee approved $450K retention bonuses for Michael C. Miller and Jonathan Shar.
- 50% due Nov 1, 2023 and 50% due April 1, 2024, contingent on continuous employment.
- Bonuses accelerated if terminated without cause, for disability, or for good reason.
- Miller is Chief Legal Officer; Shar is an executive; payments are intended to retain key leadership.