Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
Base Salary Bonus Target (as % of Base Salary) Caren Mason$799,000 105% Patrick Williams$500,000 75% Scott Barnes$495,000 45% Keith Holliday$478,000 50% Hans Blickensdoerfer$384,000 50%
The Board of Directors also approved, upon the recommendation of the Compensation Committee, an increase in the maximum target bonus for Company executives from 150% to 200% of target bonus, regarding corporate financial performance for the second half of 2021 pursuant to the pre-established financial metrics regarding fiscal year 2021.
The information furnished herewith pursuant to Item 5.02 of this Current Report, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information in Item 5.02 of this Current Report shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing.
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