Management ChangeJun 5, 2026, 05:01 PM
Karbon-X Corp. Appoints Chad Clovis as CEO; $450K Salary
AI Summary
Karbon-X Corp. has entered into a material definitive agreement with Chad Clovis, appointing him as Chief Executive Officer. The consulting agreement, effective May 18, 2026, outlines a base compensation of $450,000 per year, a target bonus of $150,000 based on milestones, and the grant of 1,500,000 stock options. The agreement also details various termination and severance benefits.
Key Highlights
- Chad Clovis appointed Chief Executive Officer of Karbon-X Corp.
- Base compensation set at $450,000 annually, paid monthly.
- Eligible for a target bonus of $150,000 upon achieving milestones.
- Granted 1,500,000 employee stock options under the 2024 plan.
- Consulting agreement effective May 18, 2026, with termination and severance clauses.
Price Impact
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