Taitron Components Inc. Implements New Compensation Plan with Salary Reductions and Modified Severance Policy

Reuters

07/08

Taitron Components Inc. Implements New Compensation Plan with Salary Reductions and Modified Severance Policy

Taitron Components Inc. has announced new compensation terms following a decision by the Board of Directors on June 30, 2025. The company approved a total compensation payment of approximately $1.6 million to its U.S.-based employees. As part of this, Chief Executive Officer Stewart Wang will receive $568,750, and Chief Financial Officer David Vanderhorst will receive $359,450. These payments accompany a 30% reduction in base salaries for all U.S. employees, effective July 1, 2025, resulting in new annual salaries for Wang and Vanderhorst of $136,500 and $116,130, respectively. Additionally, the company's severance policy has been modified, now offering one week of severance pay per year of employment subsequent to June 30, 2025, a reduction from the previous policy of one month per year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Taitron Components Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-25-000731), on July 07, 2025, and is solely responsible for the information contained therein.

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Implements New Compensation Plan with Salary Reductions and Modified Severance Policy\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-08 04:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Taitron Components Inc. Implements New Compensation Plan with Salary Reductions and Modified Severance Policy\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Taitron Components Inc. has announced new compensation terms following a decision by the Board of Directors on June 30, 2025. The company approved a total compensation payment of approximately $1.6 million to its U.S.-based employees. As part of this, Chief Executive Officer Stewart Wang will receive $568,750, and Chief Financial Officer David Vanderhorst will receive $359,450. These payments accompany a 30% reduction in base salaries for all U.S. employees, effective July 1, 2025, resulting in new annual salaries for Wang and Vanderhorst of $136,500 and $116,130, respectively. 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ID: 0001185185-25-000731), on July 07, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TAIT","symbol_name":"Taitron Components Incorporated","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250707:nNDL8VvDYn:1","article_id":"2549557738","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549557738","pubTimestamp":1751918657,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Taitron Components Inc. has announced new compensation terms following a decision by the Board of Directors on June 30, 2025. 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