Hennessy Advisors ( (HNNA) ) just unveiled an update.
Hennessy Advisors, Inc. has made significant changes to the employment agreements of key executives, with Neil J. Hennessy seeing a reduction in his quarterly incentive-based bonus from 6.5% to 5.0% of pre-tax profits, while Teresa M. Nilsen’s similar bonus increased to 5.0% and her base salary rose to $375,000. Additionally, the company’s Chief Financial Officer, Kathryn R. Fahy, received a salary adjustment to $275,000, all effective from the start of October 2024. These strategic compensation adjustments reflect the company’s effort to align executive incentives with its financial performance.
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