On July 1, 2024, AgriFORCE Growing Systems, Ltd. filed a Form 8-K with the SEC, announcing the approval of new compensation packages for its Chairman, David Welch, and CEO, Jolie Kahn by the Board of Directors. David Welch will receive an annual cash payment of $45,000 in addition to Board fees, and RSUs valued at $50,000 for each completed acquisition or joint venture. CEO Jolie Kahn's compensation includes an annual cash salary of $220,000, payable monthly, with additional accruals every three months, and an equal amount in RSUs, payable quarterly. Kahn's first accrued fee payment is scheduled for August 31, 2024. She will also be eligible for health benefits starting January 1, 2025. Both executives may receive bonuses and other benefits as determined by the Compensation Committee...Show More

On July 1, 2024, AgriFORCE Growing Systems, Ltd. filed a Form 8-K with the SEC, announcing the approval of new compensation packages for its Chairman, David Welch, and CEO, Jolie Kahn by the Board of Directors. David Welch will receive an annual cash payment of $45,000 in addition to Board fees, and RSUs valued at $50,000 for each completed acquisition or joint venture. CEO Jolie Kahn's compensation includes an annual cash salary of $220,000, payable monthly, with additional accruals every three months, and an equal amount in RSUs, payable quarterly. Kahn's first accrued fee payment is scheduled for August 31, 2024. She will also be eligible for health benefits starting January 1, 2025. Both executives may receive bonuses and other benefits as determined by the Compensation Committee. The RSU grants will be calculated based on the 30-day trailing VWAP and the closing price of the company's common shares on Nasdaq. Additionally, both Kahn's and Welch's legal firms provide separate services to the company, for which they are compensated separately. Formal agreements regarding these compensation packages are being prepared and will be filed in accordance with SEC regulations.