Corporate GovernanceMay 18, 2026, 04:08 PM
Hour Loop Revises 2026 Executive Bonus Targets for Sam Lai & Maggie Yu
AI Summary
Hour Loop, Inc. entered into Addendum No. 7 to the Executive Employment Agreements with Sam Lai, Chairman and CEO, and Sau Kuen (Maggie) Yu, Senior Vice President and Director. The addendums revise their 2026 bonus targets, linking them to net profit growth. Both executives are also entitled to a guaranteed bonus of $100,000 each.
Key Highlights
- Sam Lai's 2026 bonus: 50% of Base Salary if net profits reach $1,000,000.
- Sam Lai's 2026 bonus: 100% of Base Salary if net profits reach $2,000,000.
- Sam Lai to receive a guaranteed bonus of $100,000 on December 22, 2026.
- Sau Kuen (Maggie) Yu's 2026 bonus: 50% of Base Salary if net profits reach $1,000,000.
- Sau Kuen (Maggie) Yu's 2026 bonus: 100% of Base Salary if net profits reach $2,000,000.
- Sau Kuen (Maggie) Yu to receive a guaranteed bonus of $100,000 on December 22, 2026.
- Mr. Lai and Ms. Yu together beneficially own approximately 94.8% of the Company's voting power.
Price Impact
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