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Updated · TradingView · Jul 30NexGel Signs CEO Adam Levy to Deal With $375,000 Salary and 160,000 Share Options
1 articles · Updated · TradingView · Jul 30Summary
- July 23 marked a new employment agreement for CEO Adam Levy, keeping him in the role under revised compensation, bonus, equity and severance terms.
- The package sets Levy's base salary at $375,000 and grants options on 160,000 shares with a five-year term and a $0.647 exercise price.
- NexGel also made Levy eligible for discretionary bonuses and EBITDA-based incentive pay, adding performance-linked compensation to the contract.
- The company did not disclose a reason for the new agreement or any related board or committee role changes in the 8-K filed July 29.