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.
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