Capstone Green Energy Corp (fka CGRNQ)

[Seasound]

{No disappointment here.} That's good LOL. I like your curly brackets for quotes so will start using same.

In the end all we can do is hope for the best. Speaking of hope...I hope that Mr. Crouse can earn another bonus. We need sales sales sales and A/R.

{incentives can be reduced or not given at all.}

Yes, but the shareholders voted in favor of "incentives" and Bonuses at the 2012 Annual Shareholder's meeting. I doubt they will go away, unless of course the goals are not met which none of us would want to see. They seem a bit outsized to me although I would have no problem with them if the company was showing a profit. Performance goals and incentives are great if the parameters are set correctly. Sometimes a bit of pain in not getting those lucrative inducements will work as equally well if management really believes in the product. I can read and of course understand the BOD's reasoning behind the inducements BTW.

See latest DEFA14A under Capstone Turbine Investor Relations SEC Filing Tab
•
Number of Shares Available for Awards is Increased. An additional 9,000,000 shares are added to the pool available for awards. This increase in authorized shares is needed because the current pool of shares is substantially depleted with only 468,074 shares available for grant as of July 2, 2012.

Following the 2012 Fiscal Year, in April 2012, the Compensation Committee determined that an adjustment to the base salaries of our Named Executive Officers would be appropriate to be competitive with the practices of comparable companies, which increased base salaries by an average of 3% (not many folks getting raises lately that I know of.) The Compensation Committee approved increases comparable to this benchmark. The base salary of Mr. Jamison was increased from $437,800 to $450,500; Mr. Reich from $258,000 to $267,000; Mr. Crouse from $235,700 to $240,000; Mr. Gilbreth from $281,900 to $287,000; and Ms. Brooks from $208,000 to $214,032.

The award for Mr. Crouse for the 2012 Fiscal Year was based on a percentage of revenue that exceeds the revenue achieved during the 2011 Fiscal Year. Mr. Crouse received an award that entitled him to bonus payments based on the following percentages of revenue: 0.75% of revenue over $82.9 million but less than $106.1 million and 2.0% of revenue greater than $106.1 million but less than $127.0 million.

{I think it was the 1Q that only the officer in charge of sales received a bonus, and well earned, imo.}

The Compensation Committee met on June 6, 2012 to determine if the performance objectives were met under the terms of the awards and determined and certified that we had achieved revenue of $109.4 million and operating cash flow of ($19.5) million. As a result, bonus payments pursuant to the Executive Performance Incentive Plan were authorized of $245,168 to Mr. Jamison, $65,016 to Mr. Reich, $71,039 to Mr. Gilbreth and $34,944 to Ms. Brooks, based on these achievements. A bonus payment to Mr. Crouse of $239,422 was made pursuant to the Executive Performance Incentive Plan based on our revenue for the 2012 Fiscal Year. In addition, Mr. Crouse received an additional bonus payment of $15,084 based on additional revenue generated in the 2012 Fiscal Year that was the result of Mr. Crouse's efforts but not factored into his award pursuant to the plan.

Fiscal 2013 Executive Performance Incentive Plan Awards

Award Opportunity(1)

Target Bonus CASH
Percentage of Salary 100 %
Executive Officer Darren R. Jamison
Intermediate($)180,200 Target ($)459,510 Maximum ($)675,750

The rest are available in the Annual Report

Long-Term Equity Incentives See page 30

Anyway, it is what it is and now we face the financial cliff if the world doesn't end today.

Thanks for the unintended nudge to encourage me to take another look at the latest Annual report.