other_material
confidence high
sentiment neutral
materiality 0.55
Red Cat raises director cash comp to $75k, CEO gets 1M options plus $125k bonus
Red Cat Holdings, Inc.
- Director annual cash stipend increased from $50,000 to $75,000; RSU equity raised to $125,000.
- CEO Jeffrey Thompson receives 1,000,000 stock options vesting over 3 years, exercise price set May 22, 2025.
- CEO also gets $125,000 one-time bonus for closing registered direct offering, plus vehicle allowance up to $1k/month.
- Committee chair stipends increased: Audit $20k, Comp $17.5k, Nominating $15k, non-chair committee service adds $10k.
- Plan covers period May 1, 2025 to Dec 31, 2025 after fiscal year-end change.
item 5.02