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VOXX International ( (VOXX) ) has provided an announcement.
VOXX International Corporation has made amendments to the employment agreements of its key executives, including CEO Patrick M. Lavelle, Senior V.P., CFO, and COO Loriann Shelton, and Sr. V.P./Treasurer Charles M. Stoehr. These amendments primarily address compliance with Section 409A of the Internal Revenue Code, detailing specific conditions and payments related to severance and bonuses in the event of various terminations or changes in control. This move aims to ensure legal compliance and clarify financial obligations, impacting the company’s executive management structure and potentially influencing its stability and appeal to investors.
More about VOXX International
YTD Price Performance: 0.27%
Average Trading Volume: 201,960
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $165.3M
For a thorough assessment of VOXX stock, go to TipRanks’ Stock Analysis page.
