Management ChangeMay 22, 2026, 04:41 PM
Terra Innovatum Approves New Directorship Agreements, Officer Compensation
AI Summary
Terra Innovatum Global N.V. approved new directorship agreements for CEO Alessandro Petruzzi, CSO Massimo Morichi, and COO Cesare Frepoli, detailing their compensation for financial years 2025 and 2026. The agreements include fixed annual compensation, eligibility for performance-based bonuses, one-year terms, and change in control provisions. Additionally, the company approved bonus payments to several officers, including Petruzzi, Morichi, and Frepoli, in recognition of the successful business combination and Nasdaq listing.
Key Highlights
- CEO Alessandro Petruzzi's 2026 fixed annual compensation set at EUR 558,000.
- CSO Massimo Morichi's 2026 fixed annual compensation set at EUR 450,000.
- COO Cesare Frepoli's 2026 fixed annual compensation set at EUR 500,000.
- Officers are entitled to performance-based bonuses based on separate agreements.
- Directorship Agreements have a one-year term, subject to annual renewals.
- Change in control clause includes a lump sum payment of 18 months fixed compensation plus target bonus.
- Bonus payments for successful business combination include EUR 130,374 for Petruzzi.
- Additional payments include EUR 75,000 for Petruzzi and EUR 47,700 for Frepoli.
Price Impact
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