Marquis may terminate Mr. Godfrey for "cause" (as defined in Mr. Godfrey’s work settlement), or, in the event Mr. Godfrey gets forever disabled or is prevented by injuries or illness from attention to his responsibilities for 6 consecutive weeks or a lot more, without the need of "cause." If Marquis terminates Mr. Godfrey’s work without "cause" other than simply because of Mr. Godfrey’s demise or incapacity, Mr. Godfrey will continue to receive his once-a-year income for a period of time of twelve months pursuing these termination and obtain totally compensated family members coverage of health and fitness and dental insurance coverage at Marquis’ cost until eventually the before of twelve months following these termination or the day of Mr. Godfrey’s subsequent work. Home Appliance small business. Prior to signing up for Samsung Electronics America, Inc, Mr. Godfrey spent five decades serving as Vice President of Operations for Marquis Industries, Inc reporting right to the Chief Executive Officer and dependable for credit score, promises, client services, income functions, source chain, and acquiring. Mr. Godfrey’s experiences contain approach improvement, source chain optimization, demand scheduling, forecasting, organization functions, strategic selling and strategic acquiring. Mr. Sedlak holds a Bachelor’s Degree from Robert Morris University and Master of Business Administration from the University of Pittsburgh - Joseph M. Katz Graduate School of Business.
Mr. Spriggs joined Vintage Stock as General Manager in January 1990 and has served as President of Vintage Stock considering that 2002 and President of Moving Trading Company due to the fact 2006. He gained a Bachelor’s degree in Business Administration and a slight in promoting from Missouri Southern State University. Eric Althofer. Mr. Althofer turned Chief Operating Officer of Live Ventures Incorporated on April 10, 2021. Mr. Althofer previously served as a director of Capitala Investment Advisors ("Capitala"), becoming a member of the business in 2014. Mr. Althofer’s major tasks incorporated transaction screening, structuring and thanks diligence execution. Each calendar year, girlontopporn.com the Board of Directors critiques the interactions that each and every director has with the Company and with other get-togethers. Butler, Gao and Sickmeyer do not have any associations that would interfere with the training of impartial judgment in carrying out their duties as directors and that each such director is an independent director of the Company in just the meaning of Nasdaq Listing Rule 5605(a)(2) and the similar rules of the SEC. These variables consist of its members’ present and historic associations with the Company and its competition, suppliers and buyers their interactions with management and other administrators the relationships their recent and former employers have with the Company and the interactions in between the Company and other businesses of which a member of the Company’s Board of Directors is a director or executive officer.
In addition, Mr. Stein’s incentive stock alternative agreement was amended to modify the workout selling price (x) of the 12,000 solutions that have vested to date to $11.80, which was the closing rate of the Company’s typical inventory on the Nasdaq Capital Market on the day of acceptance, (y) of the 4,000 selections that vest on September 5, 2021 to $12.98, and (z) of the 4,000 selections that vest on September 5, 2022 to $14.27. Restricted inventory is granted underneath the Company’s stockholder-accepted fairness incentive program(s) and is priced at 100% of the closing value of the Company’s popular inventory on the day of grant. The adhering to table sets forth information with regards to the effective ownership of our typical inventory as of December 10, 2021 of (i) every single government officer and each individual director of our Company (ii) all govt officers and directors of our Company as a team and (iii) every single person regarded to the Company to be the useful operator of additional than 5% of our common stock. Mr. Isaac’s work terminates upon the initially to happen of the next dates: (i) date of Mr. Isaac’s loss of life (ii) the date on which Mr. Isaac has professional a Disability (as described in his work arrangement), and we give Mr. Isaac see of termination on account of Disability (iii) the day on which Mr. Isaac has engaged in perform that constitutes Cause (as defined in Mr. Isaac’s employment agreement), and we give Mr. Isaac detect of termination for Cause (iv) the day on which Mr. Isaac voluntarily terminates his romance with us or (v) the day on which we give Mr. Isaac notice of termination for any motive other than the good reasons established forth in clauses (i) by way of (iv) higher than.
Mr. Stein’s work terminates upon the to start with to arise of the pursuing dates: (i) date of Mr. Stein’s dying (ii) the date on which Mr. Stein has professional a Disability (as defined in his work settlement) (iii) the date on which Mr. Stein has engaged in perform that constitutes Cause (as outlined in Mr. Stein’s work agreement) (iv) the day on which we terminate Mr. Stein’s employment for any motive other than Cause, presented that we give Mr. Stein 60 times created observe of such termination, (v) the date on which Mr. Stein voluntarily terminates his romance with us, delivered that Mr. Stein is expected to give 30 days’ progress composed detect or (vi) the day on which we give Mr. Stein observe of termination for any purpose other than the causes established forth in clauses (i) via (iv) previously mentioned. If the Company terminates the settlement with out induce, it will provide Mr. Verret with severance in the amount of one year of his base wage. Mr. Godfrey is entitled to a foundation once-a-year income in an amount of $285,000, payable in periodic installments in accordance with Marquis’s customary payroll practices. The intent of this Compensation Discussion and Analysis ("CD&A") is to give substance facts about the Company’s compensation philosophy, targets and other applicable procedures and to explain and set into context the content features of the disclosure that follows in this Annual Report on Form 10-K with respect to the payment of our named govt officers (in this CD&A, referred to as the "NEOs").