Brief: Proto Labs Says Board Approved Reductions To Base Salaries Of Executive Leadership Team

Proto Labs

30/04/2020 17:45

April 30 (Reuters) - Proto Labs Inc  PRLB.N :
    * PROTO LABS INC - ON APR 30, BOARD APPROVED REDUCTIONS TO
BASE
SALARIES OF COMPANY'S EXECUTIVE LEADERSHIP TEAM
    * PROTO LABS INC - BOARD APPROVED 20% REDUCTION TO BASE
SALARY FOR
PRESIDENT AND CEO
    * PROTO LABS INC - BOARD APPROVED 10% REDUCTION TO BASE
SALARY FOR
ALL MEMBERS OF EXECUTIVE LEADERSHIP TEAM OTHER THAN CEO
    * PROTO LABS INC - BOARD APPROVED A 20% REDUCTION IN ANNUAL
CASH
RETAINER PAID TO NON-EMPLOYEE DIRECTORS
    * PROTO LABS INC - REDUCTIONS DESCRIBED ABOVE WILL TAKE
EFFECT ON
MAY 4, 2020, AND WILL STAY IN EFFECT UNTIL JUNE 30, 2020

Source text: [ID:https://bit.ly/35jykgH]
Further company coverage:  PRLB.N 

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