Zeo ScientifiX (ZEOX) has shared an update.
On April 1, 2024, the board of directors of a company awarded substantial stock grants and options to key members under their 2021 Incentive Stock Plan. Jerry Glauser and Leathem Stearn, both board members, received immediate vesting stock grants of 125,000 and 62,500 shares, respectively. Additionally, independent directors including Glauser, Stearn, Chuck Bretz, and Gurvinder Pal Singh were granted stock options for 5,000 shares each, with a specific vesting schedule and a five-year exercise period. The company also approved a significant salary increase for their CFO, Ian T. Bothwell, enhancing his annual compensation to $250,000 retroactively from January 1, 2024.
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