Brief: Conn CEO Norman Miller Enters Into Offer Letter And Executive Severance Agreement

Conn's

16/02/2024 23:13

Feb 16 (Reuters) - Conn's Inc  CONN.O :
    * CONN'S- ON FEB 15, NORMAN L MILLER, CHIEF EXECUTIVE
OFFICER &
PRESIDENT ENTERED INTO OFFER LETTER AND EXECUTIVE SEVERANCE
AGREEMENT WITH CO
    * CONN'S INC - PURSUANT TO THE OFFER LETTER, MILLER WILL BE
ENTITLED TO AN ANNUALIZED BASE SALARY OF $1.0 MILLION
    * CONN'S INC - PURSUANT TO THE OFFER LETTER, MILLER WILL BE
ELIGIBLE FOR AN ANNUAL BONUS WITH A TARGET PAYOUT OF 150% OF
BASE SALARY
    * CONN'S INC - PURSUANT TO THE OFFER LETTER, MILLER WILL BE
ELIGIBLE FOR MAXIMUM ANNUAL BONUS OF 200% OF HIS TARGET BONUS
    * CONN'S INC - EFFECTIVE FEBRUARY 15, 2024, PROMOTED TIMOTHY
SANTO, TO CHIEF FINANCIAL OFFICER

Source text for Eikon:  ID:n0001223389-24-000008 
Further company coverage:  CONN.O 

 ((Reuters.Briefs@thomsonreuters.com;))