The company said its Compensation Committee on February 28, 2024 set Steven O. Vondran's base salary, President and Chief Executive Officer, for the year ending December 31, 2024 at $1,000,000, with a target cash bonus of 200% of base salary, or $2,000,000.

1. 01

   The company said its Compensation Committee on February 28, 2024 set Steven O. Vondran's base salary, President and Chief Executive Officer, for the year ending December 31, 2024 at $1,000,000, with a target cash bonus of 200% of base salary, or $2,000,000.

2. 02

   The company disclosed Rodney M. Smith's 2024 base salary, Chief Financial Officer, at $660,000 (target bonus 125%, $825,000), Olivier Puech's at $640,341 (125%, $800,426), and Sanjay Goel's at $600,000 (125%, $750,000).

3. 03

   The company said Steven O. Vondran became President and Chief Executive Officer effective February 1, 2024, and that Thomas A. Bartlett stepped down from the same role on that date and will remain an advisor to the Chief Executive Officer until May 1, 2024.

4. 04

   The company said the Compensation Committee bases year-end cash bonus decisions on pre-established Company financial goals and individual goals, and that if goals are exceeded, the committee could increase the annual cash bonus incentive up to a maximum of 200% of the executive's bonus target.

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