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ziploc_1

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ziploc_1

Re: CaptBeer post# 406983

Saturday, 04/08/2023 5:48:35 PM

Saturday, April 08, 2023 5:48:35 PM

Post# of 425923
IMO, Unless "change of control" was a phrase, which appeared in KM's employment contract, KM's claim is without merit.

It was made clear in the proxy fight that was supported by KM...the COB would be replaced, but there never any mention that KM would be replaced...the only other mention was of the new board members, who remained free to vote on strategies as they thought best(as were the old board remaining board members).... KM feared the BOD would have strategies would differ from KM's strategy(but this was not guaranteed by anyone)...KM disagreed with a change in strategy and decided to resign before the BOD ever voted.

A win by KM would mean that anytime there is a board change the CEO could resign and claim severance pay.
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