Evergreen Energy Inc.(fka EVEIQ)

[Cliffhucker]

http://blog.evgenergy.com/blog/_archives/2007/11/16/3357322.html
Evergreen Energy :: Aligning our Interests


We believe that it’s paramount to align the interests of our employees and directors with the shareholders. After all, we work for you.

While all of our company officers and directors are already shareholders, I, along with several directors, have purchased EEE stock during this week. In addition,we have collectively raised our target commitment levels for the amount of stock that each officer and director must own, as follows:

--Directors: 5X annual retainer

--CEO: 2X base salary

--Corporate Vice Presidents: 1X base salary

These levels of stock ownership are being integrated into our corporate governance guidelines.

As I stated on the third quarter conference call, we have completed two of our goals—a successful financing and Bechtel’s agreement to build new plants—and we are working hard to deliver the third, a definitive agreement for a K-Fuel® or K-Direct plant. We acknowledge that the last few months have been difficult at times for our shareholders. We hope that this effort helps demonstrate our commitment to Evergreen Energy and our confidence in its future success.