for those who need their hand held
4 pertinent pieces of info ..
Qs' run 3 months >> so Q1 is Jan 1 to Mar 31
(note the date of the CFO's hire .. not being an insider
i don't know if his 50k via stock is pro-rated for the approx 2 weeks
of his hire in March) .. and to be clear to me it's irrelevant
here's the 8k *detailing* hire/and payment
http://jbii.ir.edgar-online.com/fetchFilingFr...;Type=HTML
Effective as of March 17, 2014, the Board of Directors of JBI, Inc., a Nevada corporation (the “Company”), appointed Rahoul S. Banerjea as the Company’s Chief Financial Officer. Mr. Banerjea’s biographical information is set forth below.
Rahoul S. Banerjea, 63, Chief Financial Officer. Prior to joining the Company, from 2013 to March 2014, Mr. Banerjea was the principal of Matun Group LLC, a global professional services firm providing interim CFO and project management services, located in Sudbury, Massachusetts. From 2007 to 2013, Mr. Banerjea was a Partner, New England Practice, at Tatum, a division of Randstad, a national professional services firm providing leadership roles, located in Boston, Massachusetts. From 2005 to 2007, Mr. Banerjea was Senior Consultant at Accounting Management Solutions, Inc., a regional management services firm, located in Waltham, Massachusetts. Mr. Banerjea is also the President of the Board of the American School of Madrid Foundation and a member of the Board of the Boston Chapter Financial Executives International. Mr. Banerjea received his B.S.B.A. from Drexel University and is a Certified Public Accountant. Mr. Banerjea brings more than 30 years of experience in finance and accounting to the Company’s executive management team.
The Company has agreed to pay Mr. Banerjea an annual salary of $150,000, of which $100,000 will be payable in cash and $50,000 of which will be payable in shares of the Company’s common stock. Such shares will be issued quarterly based on the closing price on the last trading day of the applicable quarter . Mr. Banerjea will also be eligible for bonus compensation at the Company’s discretion. Mr. Banerjea’s employment with the Company is “at-will”.
here are the closing prices of each Q so far in 2014
and here is the form 3 filed by the CFO .. on 3.26.14 (b4 the Q closed)
http://jbii.ir.edgar-online.com/fetchFilingFr...;Type=HTML
zero doubts we see details re: actual no. of shares re: that $50,000 (divided by 4) in 2015 (for 2014)
it isn't rocket science ..
4kids
4 pertinent pieces of info ..
Qs' run 3 months >> so Q1 is Jan 1 to Mar 31
(note the date of the CFO's hire .. not being an insider
i don't know if his 50k via stock is pro-rated for the approx 2 weeks
of his hire in March) .. and to be clear to me it's irrelevant
here's the 8k *detailing* hire/and payment
http://jbii.ir.edgar-online.com/fetchFilingFr...;Type=HTML
Effective as of March 17, 2014, the Board of Directors of JBI, Inc., a Nevada corporation (the “Company”), appointed Rahoul S. Banerjea as the Company’s Chief Financial Officer. Mr. Banerjea’s biographical information is set forth below.
Rahoul S. Banerjea, 63, Chief Financial Officer. Prior to joining the Company, from 2013 to March 2014, Mr. Banerjea was the principal of Matun Group LLC, a global professional services firm providing interim CFO and project management services, located in Sudbury, Massachusetts. From 2007 to 2013, Mr. Banerjea was a Partner, New England Practice, at Tatum, a division of Randstad, a national professional services firm providing leadership roles, located in Boston, Massachusetts. From 2005 to 2007, Mr. Banerjea was Senior Consultant at Accounting Management Solutions, Inc., a regional management services firm, located in Waltham, Massachusetts. Mr. Banerjea is also the President of the Board of the American School of Madrid Foundation and a member of the Board of the Boston Chapter Financial Executives International. Mr. Banerjea received his B.S.B.A. from Drexel University and is a Certified Public Accountant. Mr. Banerjea brings more than 30 years of experience in finance and accounting to the Company’s executive management team.
The Company has agreed to pay Mr. Banerjea an annual salary of $150,000, of which $100,000 will be payable in cash and $50,000 of which will be payable in shares of the Company’s common stock. Such shares will be issued quarterly based on the closing price on the last trading day of the applicable quarter . Mr. Banerjea will also be eligible for bonus compensation at the Company’s discretion. Mr. Banerjea’s employment with the Company is “at-will”.
here are the closing prices of each Q so far in 2014
03/31/14 0.19 0.19 0.17 0.1899 25,678
06/30/14 0.1013 0.1015 0.085 0.1015 150,152
09/30/14 0.1058 0.1225 0.1051 0.1225 10,000
and here is the form 3 filed by the CFO .. on 3.26.14 (b4 the Q closed)
http://jbii.ir.edgar-online.com/fetchFilingFr...;Type=HTML
zero doubts we see details re: actual no. of shares re: that $50,000 (divided by 4) in 2015 (for 2014)
it isn't rocket science ..
4kids
