Brief: Powerfleet Says On May 28, Board Approved Certain Temporary Compensation Actions In Response To Impact & Uncertainty Caused By Covid-19

PowerFleet

01/06/2020 22:30

June 1 (Reuters) - Powerfleet Inc  PWFL.O :
    * POWERFLEET - ON MAY 28, BOARD APPROVED CERTAIN TEMPORARY
COMPENSATION ACTIONS IN RESPONSE TO IMPACT & UNCERTAINTY CAUSED
BY COVID-19
    * POWERFLEET INC - BASE SALARIES OF SALARIED EMPLOYEES IN
U.S.,
INCLUDING CHRIS WOLFE, CO'S CEO, & CFO NED MAVROMMATIS, TO BE
REDUCED BY 15%
    * POWERFLEET INC - SALARY REDUCTION EFFECTIVE BEGINNING WITH
PAY
PERIOD ENDING ON MAY 31, AND THROUGH REMAINDER OF 2020 FISCAL
YEAR

Source : (https://bit.ly/36NYQzM)
Further company coverage:  PWFL.O 

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