0001696556-26-000011
SEC filingOn May 5, 2026, the Compensation Committee approved a revised compensation package for President and CFO Lawrence Waldman, increasing his base salary to $450,000 and granting $1 million in restricted stock units.
The Compensation Committee of the Board of Directors approved a revised compensation package for Lawrence Waldman, the Company's President and Chief Financial Officer, effective May 5, 2026. The revision includes an increase in base salary to $450,000 per year, which remains subject to annual review by the Committee. Mr. Waldman's annual cash bonus opportunity was raised to 70% of his then-current base salary. Additionally, he will receive an equity grant in the form of service-based restricted stock units with a grant date fair value of $1,000,000, vesting in full on the second anniversary of the Effective Date, subject to continued employment or earlier vesting due to certain termination events.