Dynatronics Corp. (DYNT) has shared an announcement.
Dynatronics Corporation has secured a deal with its President and CEO, Brian Baker, ensuring he receives a significant cash payout if a takeover occurs. The agreement promises Baker a lump sum of 2.5 times his base salary, avoiding excess taxes by adhering to a “best net” strategy. This arrangement, which began on March 20, 2024, is set to last for a year or until all obligations are met or both parties agree to terminate it.
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