other material
confidence high
sentiment neutral
materiality 0.40
Insignia Systems grants retention bonuses to CEO, COO, and CFO; Weber gets employment contract
BLOOMIA HOLDINGS, INC.
- Zackery A. Weber entered employment agreement as Sr. Director FP&A; base salary $145k/year through Sept 2024.
- Weber eligible for annual cash incentive of 50% of base salary starting fiscal year 2022, tied to performance.
- Retention bonuses: CEO Glancy $200k, COO May $115k, Weber $55k, paid half by March 2022 and half by Sept 2022.
- Bonuses clawed back if executive resigns or is fired for cause before Dec 31, 2022; retained if terminated without cause or after change in control.
- If terminated without cause or with good reason, Weber receives prorated incentive, 50% base lump sum, and 3 months benefits.