Genie Energy Ltd Class B Commo (GNE) has released an update to notify the public and investors about its officers.
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Genie Energy Ltd. has amended its compensation agreement with CFO Avi Goldin, effective January 1, 2024, for a three-year term. Goldin will receive a yearly salary of $425,000, a guaranteed annual bonus of $150,000, and potential discretionary performance bonuses. Additionally, the agreement includes severance terms for particular termination scenarios or if the agreement is not renewed.
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For a comprehensive understanding of the announcement, you can read the full document here.