Did anyone on Facebook ask how many shares these two executives received as severance?
Rod and Bruce were with MYEC almost a full year. Nate Wigle was with MYEC only several months. He was given 5,555,556 shares as severance.
This share compensation resulted in a $107,000 expense showing on the income statement.
I guess another $200,000 in share-based compensation can be expected here.
The dismissal of two executives and their severance packages is usually worthy of some type of disclosure to shareholders. If it doesn't come, someone should definitely ask Ed on Facebook. I think it is a fair question and we have a right to know.