Current Report
Filed: 2025-12-31
Key Insights
- The company has extended the employment agreement of its CEO, Marc D. Miller, with a term ending on January 1, 2029, subject to earlier termination or automatic renewal.
- Mr. Miller's base salary has been increased by 5% to $1,575,000 for 2026, and he is eligible for an annual bonus opportunity of up to 150% of his salary.
- The employment agreement outlines the severance benefits and accelerated vesting of long-term incentive awards that Mr. Miller would be entitled to in the event of certain termination scenarios.