Cadiz Inc (CDZI) has provided an update.
Susan P. Kennedy’s role at Cadiz Inc. has been cemented with an amended employment agreement that reflects her increased responsibilities as the Chair of the Board and CEO, effective since the start of 2024. She will earn a $400,000 base salary, alongside a potential performance-based bonus that could double her base pay, hinging on goals set by the Compensation Committee. Moreover, her stock awards have been restructured, replacing previous unvested ones with new time-based and performance-based incentives.
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