Brief: Gentherm Inc Says Implementing A Deferral Of 40% Of Base Salary Of CEO

Gentherm

21/04/2020 23:07

April 21 (Reuters) - Gentherm Inc  THRM.O :
    * GENTHERM INC -  COMPENSATION COMMITTEE OF BOARD APPROVED
BASE
SALARY DEFERRALS GENERALLY FOR SALARIED EMPLOYEES, INCLUDING
EXECUTIVE OFFICERS
    * GENTHERM - IMPLEMENTING A DEFERRAL OF 40% OF BASE SALARY
OF CEO,
30% OF BASE SALARIES OF OTHER EXECUTIVE OFFICERS
    * GENTHERM INC - IMPLEMENTING A DEFERRAL OF 20% OF BASE
SALARIES
OF OTHER SALARIED EMPLOYEES
    * GENTHERM INC - COMPENSATION COMMITTEE ALSO APPROVED A
TEMPORARY
REVISION TO NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM
    * GENTHERM INC - WILL PAY ALL ANNUAL CASH RETAINERS IN FORM
OF
RESTRICTED STOCK

Source text: [https://bit.ly/3attBu3]
Further company coverage:  THRM.O 

 (Reuters.Briefs@thomsonreuters.com)