leadership
confidence high
sentiment neutral
materiality 0.50
Kaival Brands sets CEO consulting fees, CFO base salary and stock grants
Kaival Brands Innovations Group, Inc.
- CEO Mark Thoenes receives $25,000/month professional fees plus 100,000 shares of common stock.
- CEO consulting agreement terminates Jan 31, 2025; pro-rata monthly severance if terminated not for cause.
- Interim CFO Eric Morris gets $180,000/year salary, $20,000 bonus, and 250,000 restricted stock shares.
- CFO employment agreement is at-will; may be terminated by either party at any time.
- Both agreements are under the company's 2020 Stock and Incentive Compensation Plan.