leadership
confidence high
sentiment neutral
materiality 0.40
PetVivo extends CEO term to 2027, cuts base salary to $150K
PetVivo Holdings, Inc.
- Term extended to March 31, 2027; base salary set at $150,000 per year, retroactive to May 1, 2024.
- Bi-monthly payments of $6,250; prior salary not disclosed but filing states a reduction.
- Board approved amendment March 25, 2025; parties to negotiate replacement compensation for the reduction.
- CEO John Lai continues; amendment reflects cost-cutting measures for the company.