Drilling Tools International (DTI) has shared an update.
Drilling Tools International Corporation has updated its executive compensation packages, entering into new employment agreements with CEO R. Wayne Prejean, CFO David Johnson, and Division President Michael Wayne Domino, Jr. These revised agreements feature significant salary increases, the establishment of target bonuses at 100% of base salary for Prejean and Johnson, and at 75% for Domino, along with enhanced severance benefits in the event of a change in control. The agreements also include updated terms and reporting structures, reflecting the company’s commitment to maintaining competitive executive compensation.
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