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KULR Technology CEO Michael Mo reduces cash salary
2024-05-23 21:13
- KULR Technology Group's (NYSE:KULR) compensation committee approved a voluntary request by CEO Michael Mo to reduce the cash component of his compensation by 33% and, believing in the future of KULR, to instead grant him an equity incentive grant that does not vest for 12 months from such grant date.
- The strategic move ensures one-third of Mr. Mo’s salary going forward is provided at market value of the Co.’s stock, further aligning his interests with those of shareholders.
- With this revised compensation model, the CEO's benefits will directly correlate with value creation as the executive team drives the Co.'s transformation and industry innovation.
- "During these pivotal moments, it's crucial for us to go back to our technology start-up roots and operate swiftly in a lean and agile fashion. We will continue to execute that way to grow our business and get to profitability." said CEO and founder Michael Mo.
More on KULR Technology
- KULR Technology Group, Inc. (KULR) Q1 2024 Earnings Call Transcript
- KULR Technology Group, Inc. (KULR) Q4 2023 Earnings Call Transcript
- KULR signs test engineering contract with Bombardier Recreational Products
- KULR Technology forms strategic partnership with Amprius Technologies
- Seeking Alpha’s Quant Rating on KULR Technology
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