ANYONE NEW PLEASE READ FIND THIS ANYWHERE ELSE P
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ANYONE NEW PLEASE READ
FIND THIS ANYWHERE ELSE PLEASE LET ME KNOW.
SFRX CEO COMPENSATION
Directly from the 10K
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, 2011, December 31, 2010 and December 31, 2009. 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, including travel advances for estimated mileage and fuel for the use of his personal vehicle
for Company business and reimburses him for various other expenses. The Company also paid $7,038 in 2011 and $3,943 in
2010 for Mr. Kennedy’s cellular telephone, text, and wireless data plan.