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VOXX International ( (VOXX) ) has provided an update.
VOXX International Corporation has extended the employment agreements of CEO Patrick Lavelle and CFO Loriann Shelton through February 2026. Lavelle will maintain a $1 million annual compensation, with potential bonuses linked to a Change in Control Event, while Shelton’s compensation remains at $550,000 with similar conditions. Both executives can receive significant payouts upon such events, ensuring stability and strategic incentives for the leadership team.
Learn more about VOXX stock on TipRanks’ Stock Analysis page.