Corporate GovernanceJul 6, 2026, 04:37 PM
XMax Inc. CEO Salary Doubles to $160,000; Execs Get Raises
AI Summary
XMax Inc. announced significant salary increases and amendments to the employment agreements for its Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer, effective July 1, 2026. CEO Xiaohua Lu's annual base salary doubled from $80,000 to $160,000, while COO Yizhou Zhao's salary increased from $80,000 to $159,000. CFO Jeffery Chuang also received a raise, with his annual base salary increasing from $70,000 to $80,000. These changes were approved by both the Compensation Committee and the Board of Directors.
Key Highlights
- CEO Xiaohua Lu's annual base salary increased from $80,000 to $160,000.
- COO Yizhou Zhao's annual base salary increased from $80,000 to $159,000.
- CFO Jeffery Chuang's annual base salary increased from $70,000 to $80,000.
- The salary increases and employment agreement amendments were effective July 1, 2026.
- The Compensation Committee and Board of Directors approved the changes for the executives.
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