Lifecore Biomedical Announces New Executive Compensation Plan Following Fiscal Year Change
Reuters
Sep 27
Lifecore Biomedical Announces New Executive Compensation Plan Following Fiscal Year Change
Lifecore Biomedical Inc. announced the approval of a new cash incentive pay plan for its executive officers, covering the transition period from May 26, 2025, to December 31, 2025. The plan replaces the previously approved 2026 bonus plan following the company's recent shift to a calendar year fiscal period. Under the new plan, President and CEO Paul Josephs is eligible for a cash bonus equal to 100% of his base salary for the transition period. CFO Ryan D. Lake is eligible for a 60% bonus, and Chief Legal and Administration Officer Thomas D. Salus is eligible for a 50% bonus, with Salus receiving 125% of any bonus earned as outlined in his employment agreement.
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