Bonuses for Susan Brennan (CEO) and Paul Weibel (CFO), page-3

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Venturebastos

7 Posts.

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08/12/23

12:31

Post #: 71346503
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Originally posted by teddly: ↑

From the 8K.

Bonuses for Susan Brennan (CEO) and Paul Weibel (CFO)

I find this very interesting….Bluescape representative and 5EA board member Graham van't Hoff in cahoots with the 5EA executives..

Our CEO Susan and Our CFO Paul "negotiate" a new strike price of $1.50 down from $17 on the convertible note with Bluescape… A stellar performance in upside down land. 25% below the current share price. Susan and Paul then take a massive bonus (see the staggering amounts below) which was signed off by board member Graham van't Hoff who is the Bluescape board representative.

You should hang your head in shame Susan and Paul. And Graham van't Hoff I cant post what I think of you here.

"In connection with the Transaction, the Company entered into an installment based cash-retention program, which include (i) a RetentionAgreement for the Company’s Chief Executive Officer Susan Brennan (the “Brennan Retention Agreement”), and (ii) a RetentionAgreement for the Company’s Chief Financial Officer Paul Weibel (the “Weibel Retention Agreement,” and together with the BrennanRetention Agreement, the “Retention Agreements”), pursuant to which each of Ms. Brennan and Mr. Weibel is eligible to receive up to$412,500 and $287,500, respectively, in a successful Out-of-Court Restructuring, and eligible to receive up to $381,300 and $268,800,respectively, in the event of a Chapter 11 case (collectively, the “Bonuses”). The Bonuses will enable the Company to retain and motivate Ms. Brennan and Mr. Weibel through the consummation of the Transaction.

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APES 110 - Code of ethics anyone? Or did we forget about them. I'd like a bonus too for tanking a company

5EA Price at posting: 25.5¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 15.5¢		Change -0.005(3.13%)		Mkt cap ! $51.26M

Open	High	Low	Value	Volume
16.0¢	16.5¢	15.5¢	$20.32K	127.1K

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No.	Vol.	Price($)
2	32750	15.5¢

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Price($)	Vol.	No.
16.0¢	10430	1

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No.	Vol.	Price($)
2	32750	0.155
7	270866	0.150
1	3451	0.145
5	168790	0.140
1	10000	0.130

Price($)	Vol.	No.
0.160	10430	1
0.175	37908	3
0.180	26584	4
0.185	4000	1
0.190	62400	4

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