Red Cat Holdings Inc (RCAT) has provided an announcement.
Joseph Hernon transitioned from his role as Chief Financial Officer of the Company to a consultant on March 15, 2024, coinciding with the appointment of Leah Lunger as the Interim CFO. Hernon’s existing equity awards will continue to vest until August 2024, with certain conditions for extension of their exercisability. Lunger, with a strong background in finance and accounting, previously served in various capacities within the Company, demonstrating extensive experience. Her salary has been increased to $230,000, and she will participate in the Company’s 2019 Equity Incentive Plan and receive standard employee benefits. There are no familial connections or undisclosed transactions involving Lunger that would affect her new appointment.
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