![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, July 13, 2021 12:18:38 PM
+ performance bonus
+ retention bonus
+ compensation for extraordinary duties
+ grants ahead of a uptick in revenue/profitability
In terms of performance bonus, the company has made solid progress on controlling costs and managing cashflow, but that seems a bit generous for that scenario.
Retention bonus is a solid possibility -- job market is heating up and Holt has some real achievements under his belt. He'd be able to move to a similar position with better pay pretty easily. With all that is going on with MVIS and his participation, it very well could make sense to offer the bonus to retain him.
Extraordinary effort -- working on a M&A deal chews up a ton of time and effort from the accounting department. Very possible a deal is all but done and they are rewarding his efforts on getting it done.
Improved Prospects currently seems like the most likely scenario. Company is on much better footing with the prospects of real revenue starting to flow in by the end of the year. Setting up those contracts and everything to support those deals is not insignificant. Also likely a recognition that Holt had been below market for the past however long due to the company not doing particularly well and they are making up for it now that they can.
Honestly, with their focus on financial controls, the fact they feel they can splash this kind of bonus tells me they are confident in the direction the company is going.
Recent MVIS News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 08:50:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:45:19 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:45:18 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:45:17 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:45:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:45:14 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:45:12 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:45:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:45:11 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:32:06 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 12:32:04 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 01:12:46 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 01:12:45 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/05/2024 04:15:10 AM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 06/03/2024 09:19:37 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:30:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 10:00:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 10:00:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:59:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:59:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:59:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:59:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 08:06:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:23:17 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 03/05/2024 01:42:10 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM