Seelos Therapeutics Inc (SEEL)

[tradero]

Merlin what is your take on...?
I find it a bit excesive

Form 8-K for APRICUS BIOSCIENCES, INC.

8-Mar-2012

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On March 5, 2012, the Compensation Committee of the Board of Directors of Apricus Biosciences, Inc. (the "Company") approved (i) annual increases in the base salaries for those officers identified below and (ii) the payment of annual cash bonus awards for fiscal 2011 for the same officers. Salary increases were effective as of January 1, 2012, which was the start of the current fiscal year.

Name Title New Salary Bonus Payment
Bassam Damaj, Ph.D President and Chief Executive Officer $463,950 $180,000
Senior Vice President and Chief Financial
Steven Martin(1) Officer $268,060 $42,467
Executive Vice President, General Counsel
Randy Berholtz and Secretary $257,750 $60,000
Edward Cox Vice President Corporate Development and $180,000 $38,400
Investor Relations


(1) Mr. Martin was appointed our Senior Vice President and Chief Financial Officer effective June 2, 2011, and accordingly received a pro rated bonus payment for fiscal 2011.



http://biz.yahoo.com/e/120308/apri8-k.html