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Re: Dubster watching post# 561

Friday, 03/29/2019 1:23:41 PM

Friday, March 29, 2019 1:23:41 PM

Post# of 630
Unfortunately it's an ATM for management. Did you see the big bonuses they awarded themselves earlier this month? After the stock plunged from $5 to $2 to 2018. Yes a job well done!

From the 8K:

On March 7, 2019, the Committee approved, and the Board ratified, the actions set forth below with regard to bonus awards to Messrs. Sottile, Wherry and Spivey for their performance in 2018.

Messrs. Sottile, Wherry and Spivey earned bonus awards pursuant to bonus opportunities granted to them under The Goldfield Corporation Amended and Restated Performance-Based Bonus Plan effective January 1, 2016 (the “2016 Plan”) in 2018. Messrs. Sottile, Wherry and Spivey were awarded and will be paid bonuses for 2018 of $700,000, $427,345.42 and $246,034.56, respectively.

https://www.sec.gov/Archives/edgar/data/42316/000004231619000014/a8-kcompensation2019.htm
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