Applied DNA Sciences Inc (APDN): Here is the reason why Dr.Hayward salar...

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Applied DNA Sciences Inc (APDN)

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Wednesday, 12/05/2012 1:02:01 PM

Wednesday, December 05, 2012 1:02:01 PM

Here is the reason why Dr.Hayward salary increased to $350,000 per annum. This is from 10-K for the fiscal year ended September 30, 2011.

APDN's fourth quarter revenue crossed $1 million.

Dr. Hayward will receive an initial annual salary of $225,000, subject to annual review. Dr. Hayward’s annual salary would be increased to $350,000 per annum after the first quarter in which our revenues exceed $1 million. The Board of Directors, acting in its discretion, may grant annual bonuses to Dr. Hayward.

http://www.investorscopes.com/ViewLatestFiling.aspx?path=yxqUlFEkiY5Nee5jDKP2U8mUvXTOG0nsl7d3CMb6z+R953kaYyfxYfyc4hDpureq+6Gij+qkRJUdkNEkFg6Ijc/z9eJiFuBwrRXtf6qNHubrYlLKg6WsTfdMS2J8CpRw&title=10-K%20-%20APPLIED%20DNA%20SCIENCES%20INC%20%280000744452%29%20%28Filer%29

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