Solitron Devices Inc (SODI) has released an update.
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On February 19, 2024, a company announced significant pay raises for its top executives and board members, effective March 1. CEO and CFO Tim Eriksen’s salary was boosted to $100,000, while President and COO Mark Matson’s pay rose to $285,000. Board Chairman David Pointer saw an increase to $40,000, with other key chairpersons also receiving raises, indicating the company’s move to adjust compensation packages in line with its strategic objectives or market trends.
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