Issuer Direct (NYSE:ISDR) Corporation (NYSE American:ISDR), a management consulting services firm, announced the appointment of Steven Knerr as Chief Financial Officer, effective from Monday. Knerr, who has been with the company in various capacities since August 2013, will be taking over the role with a base salary of $200,000 starting September 1, 2024.
Knerr's appointment follows his tenure as the interim CFO since March 9, 2024. His annual compensation will be subject to review by the company's Board of Directors or the Compensation Committee. Additionally, for fiscal year 2024, he may receive a one-time cash bonus of $25,000, subject to the achievement of set targets and performance goals. In subsequent years, he will be eligible for an annual bonus of 45% of his base salary, again based on the achievement of performance goals.
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