Latest news with #executivecompensation
Wall Street Journal
2 hours ago
- Business
- Wall Street Journal
Advanced Micro Devices CEO to Get Raise, $33 Million Equity Award
Advanced Micro Devices AMD 1.77%increase; green up pointing triangle Chief Executive Lisa Su is getting a pay raise and an equity award with a target value of $33 million. The chipmaker on Wednesday disclosed its executive team's pay packages for the fiscal year ahead, which included bumping its chief executive's base salary to $1.32 million from $1.26 million.
Yahoo
5 days ago
- Business
- Yahoo
Stock Option Award and Restricted Stock Unit Award Granted as Inducement to Thomas Snyder, New President and Chief Executive Officer of TriMas
BLOOMFIELD HILLS, Mich., June 27, 2025--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that, as previously disclosed in a Current Report on Form 8-K filed on June 9, 2025 with the Securities and Exchange Commission, the Company has made an inducement grant to Thomas Snyder, the newly-appointed President and Chief Executive Officer of TriMas. As approved by the Company's Board of Directors and Compensation Committee pursuant to Rule 5635(c)(4) of the Nasdaq Stock Market Listing Rules, the inducement grant was made on June 24, 2025, and consists of: (1) a time-based, premium-priced and non-qualified stock option award to purchase 900,000 shares of the Company's common stock; and (2) a time-based restricted stock unit award consisting of 152,439 restricted stock units. The stock options and restricted stock units were granted outside of the terms and conditions of the TriMas Corporation 2023 Equity and Incentive Compensation Plan as an inducement to Mr. Snyder's acceptance of employment with the Company. Each of the inducement grants is generally subject to continued employment and the terms of the respective award agreement for such grant. The stock option grant consists of five tranches, with the first tranche covering 100,000 shares, and each of the remaining tranches covering 200,000 shares. The five tranches have premium exercise prices of $30, $35, $40, $45 and $50 per share, respectively, and each tranche will generally vest ratably over a five-year period from the date of grant. The stock option grant will generally have a 10-year term from the date of grant, and will be subject to pro-rata vesting (equivalent to another portion of each tranche) for Mr. Snyder's termination due to death or disability or Mr. Snyder's involuntary termination without cause or for good reason, as well as double-trigger vesting in the event of a change in control of the Company (or anticipatory termination within 90 days prior to such a change in control). The restricted stock units will generally vest ratably over a three-year period from the date of grant, subject generally to accelerated vesting for termination due to death or disability or involuntary termination without cause or for good reason, as well as double-trigger vesting in the event of a change in control of the Company. About TriMas TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol "TRS," and is headquartered in Bloomfield Hills, Michigan. For more information, please visit Notice Regarding Forward-Looking Statements Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to TriMas' business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; government and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers' and suppliers' sustainability goals and achieve our sustainability goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises, the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law. View source version on Contacts Sherry LauderbackVP, Investor Relations, Communications & Sustainability(248) Sign in to access your portfolio
Globe and Mail
6 days ago
- Business
- Globe and Mail
Seabridge Gold Reports on Results of Annual Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - June 26, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) (the "Company") today provided the results of its annual general meeting of shareholders held on June 25, 2025. A total of 70,526,925 common shares were represented at the meeting, representing 70.15% of the issued and outstanding common shares of the Company on the record date. All matters presented for approval at the meeting were duly authorized and approved, as follows: To Fix the Number of Directors of the Company at ten (99.14% votes for); Election of all of management's nominees to the board of directors of the Company; Director Votes For Votes Against Percentage For Trace J. Arlaud 53,457,425 611,555 98.87% Matthew Coon Come 53,425,307 643,672 98.81% Rudi P. Fronk 53,235,868 833,110 98.46% M. Colin Joudrie 53,718,167 350,813 99.35% Melanie R. Miller 53,703,236 365,744 99.32% Clem A. Pelletier 53,720,659 348,321 99.36% Julie Robertson 53,700,508 368,471 99.32% John W. Sabine 50,297,813 3,771,166 93.03% Gary A. Sugar 53,761,058 307,921 99.43% Carol T. Willson 53,413,099 655,880 98.79% Appointment of KPMG LLP as auditor of the Company for the ensuing year (98.29% votes for); Authorization of the directors to fix the auditors remuneration (98.64% votes for); Approve the adoption of a new By-law for the Corporation (63.44% votes for); Approval, on an advisory basis, of the Corporation's approach on executive compensation (93.52% votes for). A total of 16,457,945 shares were "non-votes" under U.S. proxy rules and were not cast with respect to the election of each of the directors, the approval of the adoption of the new By-Law or the advisory vote on executive compensation. Seabridge Chairman and CEO Rudi Fronk noted the departure of long-time board members Mr. Jay Layman and Mr. Eliseo Gonzalez Urien and their new roles as Board advisors. Mr. Layman worked as President and COO for over 10 years and has served as a director of Seabridge for over 13 years. During his tenure he made significant contributions to the growth and strategic direction of Seabridge. Mr. Gonzalez-Urien is an accomplished and enthusiastic geologist who has made a remarkable contribution to the evolution of Seabridge, particularly to our exploration successes, since he first became a director 19 years ago. "Seabridge has been fortunate to have had the benefit of their guidance for such a long time and, on behalf of all of our shareholders, I thank them for all they have done for us." To facilitate a smooth transition at the Board level, both have agreed to serve as advisors to the board for an additional year. At the same time, we are delighted to have Mr. Colin Joudrie join our board. Mr. Joudrie has over 35 years of experience in the mining industry in roles that will enable him to make a substantive contribution to the board's consideration of technical matters, joint venture negotiation and management of large project development, as well as property evaluation and acquisitions. Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the KSM and Iskut projects located in northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit the Company's website at None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD "Rudi Fronk" Chairman and C.E.O.
Bloomberg
6 days ago
- Business
- Bloomberg
SEC Kicks Off Review of Rules Governing Executive Pay and Perks
The Securities and Exchange Commission is taking initial steps to consider overhauling rules governing disclosures of executive compensation, including banker pay and bonus clawbacks. The current compensation disclosures are 'a Frankenstein patchwork of rules' thanks to myriad updates over the past three decades, SEC Chairman Paul Atkins said in prepared remarks Thursday for a roundtable event on the topic in Washington. 'The outcome of our rules is not effective when companies require highly specialized lawyers and compensation consultants to prepare disclosure that the reasonable investor struggles to understand.'
Yahoo
24-06-2025
- Business
- Yahoo
Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2025
Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2025 At Mowi ASA's (the 'Company') annual general meeting ('AGM') on 4 June 2025 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives, as described in Mowi's guidelines for remuneration of leading personnel (the 'Guidelines'). On 19 June 2025 the Board of Directors granted 1.74 million options at a strike price of NOK 201.6860, corresponding to 107.5% of the volume weighted average share price on the Oslo Stock Exchange at the date of the AGM, to a total of 41 individuals. In accordance with the Guidelines, the options have a term of 4 years but will become exercisable immediately if a mandatory bid is made for all of the shares in Mowi, if a voluntary offer is followed-up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Mowi is the non-surviving entity in a merger with another company. The exercise of 50% of the options awarded to an option holder is conditional on achievement of performance criteria, measured in the development of the share price of the Company's shares compared with those of peers ("Performance-based Options"). The exercise of the remaining 50% of the options awarded to an option holder is not conditional on achievement of such performance criteria ("Ordinary Options"). The number of shares and the strike price will be adjusted for dividends and changes in the equity capital during the term of the option according to the Oslo Stock Exchange's derivative rules and provisions in the option agreements. Total profit through the exercise of Performance-based Options in a year is capped at one year's salary for the option holder, and total profit through the exercise of Ordinary Options in a year is capped at one year's salary for the option holder. If the profit exceeds this limit, the number of shares to be issued will be reduced accordingly. The following primary insiders in the Company have been allocated options according to the above, please see attached allocation details. The primary insiders have the following number of shares and options, adjusted for dividends paid, in the Company. Total number of Options granted Total options Name shares owned in 2025 outstanding Ivan Vindheim (CEO) 13,471 200,000 1,076,593 Kristian Ellingsen(CFO) 1,389 100,000 538,297 Øyvind Oaland (COO Farming Norway, Iceland) 5,777 100,000 538,297 Ben Hadfield (COO Farming Scotland, Ireland, Faroes and Canada East) 8,259 100,000 538,297 Fernando Villarroel(COO Farming Americas) 5,801 100,000 538,297 Ola Brattvoll (COO Sales & Marketing) 10,620 100,000 538,297 Atle Kvist(COO Feed) 932 100,000 538,297 Catarina Martins (CTO & Chief Sustainability Officer) 2,834 45,000 175,293 Kjersti Eikeseth(Chief HR Officer) 266 25,000 50,898 Kim Galtung Døsvig (Investor Relations & Head of Treasury) 1,525 25,000 134,575 Lars Tore Andersen(Group Accounting Director) 1,525 15,000 46,641 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading in to access your portfolio
