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Lipocine (LPCN) has issued an announcement.
On May 18, 2024, the Company’s Board set cash bonus targets for employees, including executive officers, based on 2024 corporate goals and their salaries, with top executives eligible for up to 50%. Additionally, the Board has moved to increase the number of shares in the 2014 Stock and Incentive Plan from 336,582 to 600,000, responding to shareholder input by amending the plan to restrict the repricing of stock options without shareholder consent.
Learn more about LPCN stock on TipRanks’ Stock Analysis page.