Posted On: 06/16/2014 1:13:45 PM
Post# of 43066
Re: HeptoCloud #9424
Yes, you're right about that and I was wrong. Thanks for the correction. $258,305.00 in 2013.
I stuck with the $275K because that's what was given in his most recent employment agreement that's in the public record:
http://www.getfilings.com/sec-filings/120517/...ii_jbi.htm
It also says in that agreement:
" 2.4 Employee Benefits. In addition to the compensation specified above, Employee shall be entitled to the benefits generally made available by the Company to management employees, including but not limited to health insurance and dental insurance, subject to the terms, conditions, and limitations governing those programs. In addition, Employee shall be provided with a computer and cell phone at company expense. Employee will be entitled to continue to use the Company car he has used as CEO (i.e., an Acura MDX) until the end of the Company’s lease term on the vehicle.
2.5 Vacation. Employee shall be entitled to four weeks paid vacation during the term of this Agreement.
"
In 2012, he was paid $261,052.00 base salary with $78,350 bonuses, for a tidy sum of $339,402.00.
I wonder how they came up with that specific number for his compensation in 2013. Maybe it was based on something such as, that's exactly how much cash they had left over in their bank account after paying legal bills and regulatory fines associated with JB, and Officer and Director insurance, which must be exorbitant after two regulatory actions.
I stuck with the $275K because that's what was given in his most recent employment agreement that's in the public record:
http://www.getfilings.com/sec-filings/120517/...ii_jbi.htm
It also says in that agreement:
" 2.4 Employee Benefits. In addition to the compensation specified above, Employee shall be entitled to the benefits generally made available by the Company to management employees, including but not limited to health insurance and dental insurance, subject to the terms, conditions, and limitations governing those programs. In addition, Employee shall be provided with a computer and cell phone at company expense. Employee will be entitled to continue to use the Company car he has used as CEO (i.e., an Acura MDX) until the end of the Company’s lease term on the vehicle.
2.5 Vacation. Employee shall be entitled to four weeks paid vacation during the term of this Agreement.
"
In 2012, he was paid $261,052.00 base salary with $78,350 bonuses, for a tidy sum of $339,402.00.
I wonder how they came up with that specific number for his compensation in 2013. Maybe it was based on something such as, that's exactly how much cash they had left over in their bank account after paying legal bills and regulatory fines associated with JB, and Officer and Director insurance, which must be exorbitant after two regulatory actions.
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