Red Cat Holdings (RCAT) has provided an update.
Red Cat Holdings, Inc. has solidified its leadership by signing Leah Lunger to an Executive Employment Agreement as CFO, effective June 10, 2024, with a term extending to June 10, 2026, and potential for automatic annual renewals. Lunger, who stepped in as Interim CFO in March 2024, will earn a $230,000 annual salary with the chance to double it based on performance, and participate in the equity incentive plan, including an initial grant of 900,000 restricted stock units with various vesting conditions. The agreement outlines provisions for termination and benefits, emphasizing performance and continuity in the executive role.
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