Direct Digital Holdings Inc. has announced amendments to its executive employment agreements, effective May 27, 2025, for CEO Mark Walker, President Keith Smith, and CFO Diana Diaz. The executives' annual base salaries will remain at $500,000 for Walker and Smith, and $350,000 for Diaz. They will continue to receive annual cash bonuses and equity awards as determined by the Board's Compensation Committee. Key changes include enhanced severance benefits in the event of a termination without cause or resignation for good reason, with twelve months of salary continuation, or twenty-four months if the event occurs within two years of a change in control. Additionally, the lump sum severance payment has been increased to two times the target annual bonus opportunity in the latter scenario. The agreements now also extend non-competition and non-solicitation covenants to eighteen months following such severance events.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。