TPI Composites Inc. has announced new compensation terms approved by its Board of Directors' Compensation Committee on June 13, 2025. The plan includes retention bonuses for certain executive and non-executive employees, to be paid in lump sum cash payments within 30 days of agreement execution. Key executives will receive substantial bonuses, with President and CEO William E. Siwek awarded $1,225,459, CFO Ryan Miller $518,155, COO Charles Stroo $487,500, and General Counsel Steven Fishbach $435,170. These bonuses are contingent upon continued employment with the company until March 31, 2026, or 60 days post any restructuring event, as stipulated in the agreements. Additionally, a $250,000 discretionary cash retention bonus pool has been established for eligible non-executive employees.
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