Management ChangeJun 15, 2026, 02:31 PM
Greenway Technologies Names Doug Cogan President; Details CEO Comp
AI Summary
Greenway Technologies, Inc. announced the appointment of Doug Cogan as President, effective June 9, 2026. Mr. Cogan will continue to serve as the company's Chief Executive Officer. The Board also approved an executive employment agreement with Mr. Cogan, effective June 12, 2026, for an initial three-year term. The agreement includes an annual base salary of $240,000, eligibility for a discretionary bonus up to 25% of his base salary, and an award of 2,500,000 shares of restricted common stock.
Key Highlights
- Doug Cogan appointed President of Greenway Technologies on June 9, 2026, while continuing as CEO.
- New employment agreement for Doug Cogan effective June 12, 2026, for an initial three-year term.
- Annual base salary set at $240,000, with potential for up to 5% annual increase.
- Eligible for a discretionary bonus with an initial target of up to 25% of his base salary.
- Granted an award of 2,500,000 shares of restricted common stock.
- Severance includes one times base salary plus target bonus, increasing to 1.5 times base salary near a Change of Control.
- Entitled to 12 months of COBRA premium reimbursement upon qualifying termination.
- Receives four weeks of paid time off per year and reimbursement for business expenses.
Price Impact
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