Odyssey Marine Exploration Inc (OMEX)

[Getitgogone]

Promotion bumps pay for Odyssey Marine CEO Mark Gordon

Mark Gordon, newly named CEO of Odyssey Marine Exploration Inc., got a pay hike and stock awards when he took on his new job on Oct. 1.

The cash-and-stock increases total just under $1 million.

A three-year contract between Gordon and Odyssey (NASDAQ: OMEX), a Tampa-based shipwreck exploration company, calls for Gordon to get a base salary of not less than $350,000, a filing with the U.S. Securities and Exchange Commission said.

That’s up from the $295,000 in base salary he received as president and chief operating officer, effective Jan. 1, 2014. He retains the president's title.

In addition, Odyssey granted him 100,000 shares of restricted stock that vested immediately and were worth about $910,000 based on Odyssey’s closing price on Oct. 1, and 500,000 shares of restricted stock that will vest when the stock price hits specified benchmarks.

He’s also eligible for a bonus of at least 70 percent of his salary and long-term incentives of 125 percent of his salary.

Odyssey’s former CEO, Gregory Stemm, became chairman on Oct. 1.

http://www.bizjournals.com/tampabay/blog/morning-edition/2014/10/promotion-bumps-pay-for-odyssey-marine-ceo-mark.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+industry_17+(Industry+Human+Resources)


Yay!! Ridiculous for anybody there to make that much moola...I can tell who is getting the booty....Nothing that isn't already known but still frightlyfully arrogant.