Management ChangeMay 22, 2026, 04:13 PM
FitLife Brands Appoints Ryan Hansen as President
AI Summary
FitLife Brands, Inc. announced the appointment of Ryan Hansen as President, effective May 18, 2026, promoting him from his previous role as Executive Vice President. In connection with his new position, Mr. Hansen received options to acquire 75,000 shares at an exercise price of $10.50 and 50,000 performance stock units (PSUs) that vest upon the company's common stock reaching a 30-day volume weighted average price of $20.00. Additionally, his annual base salary was increased from $275,000 to $300,000.
Key Highlights
- Ryan Hansen appointed President of FitLife Brands, effective May 18, 2026.
- Received options to acquire 75,000 shares at an exercise price of $10.50.
- Granted 50,000 performance stock units (PSUs) vesting at a $20.00 VWAP target.
- Base salary increased from $275,000 to $300,000 annually.
- Hansen previously served as Executive Vice President since November 2023.
Price Impact
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