Latest Current Report
Filed: 2026-05-06
Key Insights
- Both co-CEOs Robert Brilon and Cole Johnson received significant salary increases to $425,000 annually (effective April 1, 2026), reflecting management confidence and potential operational restructuring with dual leadership roles.
- The employment agreements include performance-based bonus structures tied to milestone achievements, incentivizing management to execute on strategic objectives beyond base compensation.
- Five-year employment terms with automatic one-year renewal provisions provide leadership stability while maintaining flexibility for the board to make changes if performance targets are not met.
- The dual co-CEO structure with one holding CFO responsibilities suggests a division of operational and financial leadership, which could indicate either strategic focus areas or a temporary transition arrangement.