Aemetis Approves $350,000 Guarantee Fee and Executive Bonuses

Reuters
Jan 29
Aemetis Approves $350,000 Guarantee Fee and Executive Bonuses

Aemetis Inc. has approved new compensation arrangements for its executive leadership. The company’s Board of Directors’ Governance, Compensation and Nominating Committee authorized an annual guarantee fee of $350,000 to McAfee Capital LLC, fully owned by Chairman and CEO Eric A. McAfee, in recognition of personal guarantees provided by Mr. McAfee and his affiliated entity for certain company credit facilities and debt obligations. Additionally, the Committee approved discretionary cash bonuses for several executive officers for their performance in the prior year: Eric A. McAfee ($200,000), Todd A. Waltz ($125,000), Andrew B. Foster ($125,000), J. Michael Rockett ($125,000), and Sanjeev Gupta ($50,000).

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