leadership
confidence high
sentiment positive
materiality 0.55
Simply Good Foods extends CEO Scalzo's contract to 6 years, grants 200k options at $36.56
Simply Good Foods Co
- Initial term extended from 5 to 6 years, now ending July 7, 2023.
- Retirement vesting: awards granted before Sep 1, 2022 need 1-year tenure; after Sep 1, 2022 need 6 months.
- Option grant: 200,000 shares at $36.56, 100% vest on 3rd anniversary, expire in 10 years.
- Option grant vesting continues after retirement per amended provisions.
- Amendment recognizes CEO's success integrating Quest and strong financial performance during COVID.