This is typically demented thinking from a Board and Chairman that became defunct a long time ago. So the CEO gets $500K in shares, in value granted at the AGM, so it's in her absolute interest to have the share price crash between now and then, so she gets more shares. Then she has the same incentive to do that again the next two times. No performance obligations. Great deal for the CEO, not so much for shareholders. Every single shareholder should vote against this and if the Proxy advisors don't recommend against it then they're asleep at the wheel. And yeah, would it kill the Board to actually buy some shares? Says everything.
EML Price at posting:
94.0¢ Sentiment: Hold Disclosure: Held
