Pro-Dex Inc.
08/09/2024 | Press release | Distributed by Public on 08/09/2024 14:00
Management Change/Compensation Form 8 K
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Compensation of Chief Executive Officer and Chief Financial Officer.
On August 6, 2024, the Compensation Committee approved a discretionary bonus for Alisha K. Charlton, the Company's Chief Financial Officer, in the amount of $50,000 and Richard L. Van Kirk, the Company's Chief Executive Officer, in the amount of $70,000. Mr. Van Kirk's bonus was based upon the Company's sales growth and fiscal 2024 financial performance exceeding plan, and both bonuses will be paid in cash in the next bi-weekly pay period with a pay date of August 22, 2024.