America’s Car-Mart (CRMT) has released an update to notify the public and investors about its officers.
America’s Car-Mart, Inc. amended its employment agreement with President and CEO Douglas W. Campbell to adjust the terms of his restricted stock award to reflect the fair market value of company stock as of the signing date, rather than the original date, and to alter the timetable for his stock awards. Campbell will receive restricted shares and stock options valued at $3.36 million and $5.04 million respectively, with vesting periods and performance conditions specified, including return on equity and stock price benchmarks. No further equity awards will be granted to Campbell until October 1, 2026, after which he may receive additional incentives subject to Committee discretion.
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For a comprehensive understanding of the announcement, you can read the full document here.
