An announcement from Big Lots (BIG) is now available.
Big Lots, Inc.’s Board of Directors has instituted one-time cash retention awards for their executive officers to incentivize them to stay with the company. The CEO, Bruce K. Thorn, will receive $3,150,000, with other key executives receiving significant amounts as well. These awards are contingent upon the executives signing an agreement and are repayable if they voluntarily leave or are fired for cause within a year of the agreement’s effective date.
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