$SFRX - BUCCANEER 1961 it is hard to believe this
Post# of 7802
Posted On: 08/20/2014 7:25:40 PM
$SFRX - BUCCANEER 1961 it is hard to believe this was missed in your DD. $SFRX This has been in every annual report. I also forgot to mention in the post, he does not get paid a Director fee or provided health benefits.
2013 Annual Report Part 3, Item 11 page 23
Officers Summary Compensation Table:
(1) The Company does not pay a salary, bonus or provide any health benefits to Mr. Kennedy. The Company does not accrue any salary, stock based compensation, benefits or other compensation on behalf of Mr. Kennedy. Mr. Kennedy did not receive any stock based compensation during the years ended December 31, 2013, December 31, 2012 and December 31, 2011. Mr. Kennedy is required to travel extensively on Company business as the Company’s dive operations are on the east coast of Florida and the Company’s headquarters are located on the west coast of Florida. The Company decided that it would be less expensive for Mr. Kennedy to use his personal vehicle than to lease him a car. In lieu of leasing a car for Mr. Kennedy to use for Company business, Mr. Kennedy uses his personal vehicle for Company business. The Company provides Mr. Kennedy with periodic expense advances and reimbursements, including travel reimbursements for mileage and fuel for the use of his personal vehicle for Company business and reimburses him for various other Company business related expenses. The Company also paid $3,890 in 2013, $5,490 in 2012 and $7,038 in 2011 for Mr. Kennedy’s cellular telephone, text, and wireless data plan.
During the years ended December 31, 2013, 2012 and 2011, the Company did not pay any Director’s fees to Mr. Kennedy.
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$SFRX - BIG MISS ON THE DD
2013 Annual Report Part 3, Item 11 page 23
Officers Summary Compensation Table:
(1) The Company does not pay a salary, bonus or provide any health benefits to Mr. Kennedy. The Company does not accrue any salary, stock based compensation, benefits or other compensation on behalf of Mr. Kennedy. Mr. Kennedy did not receive any stock based compensation during the years ended December 31, 2013, December 31, 2012 and December 31, 2011. Mr. Kennedy is required to travel extensively on Company business as the Company’s dive operations are on the east coast of Florida and the Company’s headquarters are located on the west coast of Florida. The Company decided that it would be less expensive for Mr. Kennedy to use his personal vehicle than to lease him a car. In lieu of leasing a car for Mr. Kennedy to use for Company business, Mr. Kennedy uses his personal vehicle for Company business. The Company provides Mr. Kennedy with periodic expense advances and reimbursements, including travel reimbursements for mileage and fuel for the use of his personal vehicle for Company business and reimburses him for various other Company business related expenses. The Company also paid $3,890 in 2013, $5,490 in 2012 and $7,038 in 2011 for Mr. Kennedy’s cellular telephone, text, and wireless data plan.
During the years ended December 31, 2013, 2012 and 2011, the Company did not pay any Director’s fees to Mr. Kennedy.
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Quote:
buccaneer1961
how do you know the ceo takes no salary??? he said so?? itas been said he put 5 million $$ of his own but why do that"??? because he is nice? or that's a lie to get one to trust and buy shares? that's never been proven...
the biggest blunder in pink/penny/otc land it to trust a ceo that talks to you on the phone as theres no record of anything...get it in writing...but,i bet HE isn't the one saying those things, WLFR01 ADDS THE FOLLOWING - "KYLE KENNEDY DID SAY THIS IN WRITING TO EVERY SHAREHOLDER AND THE SEC, HE HAS ALSO TOLD ME IN PERSON"
HE isn't the one that started that rumor for the purposes of being...solid...
$SFRX - BIG MISS ON THE DD
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