BK Technologies Board, Chief Executive Officer And Chief Financial Officer Elect To Receive Common Stock In Lieu Of Cash Compensation
Portfolio Pulse from Happy Mohamed
BK Technologies Corporation (NYSE:BKTI) announced that its Board of Directors will be compensated entirely in BK Technologies common stock for their services in fiscal year 2023. The CEO has elected to receive 50% of his base salary in Restricted Share Units (RSUs) and the CFO elected to receive 10% of his base salary in RSUs. The company believes this move reflects their confidence in the company's future success and aligns them with their shareholders.
September 07, 2023 | 8:14 pm
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POSITIVE IMPACT
BK Technologies' decision to compensate its Board, CEO, and CFO in common stock and RSUs could potentially increase investor confidence, as it shows the company's leadership's belief in its future success.
The decision of BK Technologies' leadership to receive compensation in the form of stock and RSUs shows their confidence in the company's future success. This could potentially increase investor confidence, as it aligns the interests of the company's leadership with those of its shareholders. This could potentially have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100