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NV5 Holdings (NVEE) has provided an update.
NV5 Global, Inc. has solidified its leadership team with key employment agreements on March 1, 2024. Dickerson Wright has been appointed Executive Chairman with a two-year term, an increased base salary of $800,000, and adjusted severance benefits. Co-CEOs Alexander Hockman and Benjamin Heraud have also secured two-year agreements, with Hockman receiving $500,000 annually and 5,000 restricted stock shares each year, and Heraud getting $450,000 plus 7,000 shares, both with severance protections. Additionally, executives Richard Tong, Edward Codispoti, and MaryJo O’Brien have amended agreements ensuring immediate vesting of equity awards upon termination without cause, aligning the company’s leadership incentives with its long-term strategy and stability.
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