Analyst Summary
- Jeffrey J. Scissons appointed as Vice President, Chief Financial Officer and Corporate Treasurer effective March 11, 2025.
- Base salary set at $360,011 per year.
- Annual incentive plan opportunity of 60% of base salary, effective March 1, 2025.
- Total long-term incentive plan opportunity of $300,000, effective March 1, 2025, consisting of time-based restricted stock units (25%) and performance share awards (75%).
- Performance share awards will vest on December 31, 2027, subject to performance metrics and continued service.
- Mr. Scissons is eligible for severance benefits under the Company’s change in control severance plan, including a lump sum payment equal to two times his annual cash compensation.
- Mr. Scissons will participate in benefit programs available to executive officers, including retirement savings and stock ownership plans, and supplemental executive retirement plan.