Replies to post #24178 on JRjr33 Inc (JRJRQ)

[JoshTaeger]

And this directors' bonus program is good for shareholders because....?

They can call it a "bonus" plan, but the awards are made at the discretion of the plan's committee, with no indication that it has to be peformance-based.

The Plan will be administered by a committee appointed by the Board (the “Committee”). The initial members of the Committee are John P. Rochon and Kelly L. Kittrell. The Committee has authority to grant awards of Units to the Company’s directors from time to time, and to determine the number of Units subject to such award. All questions of interpretation and application of the Plan, and the terms and conditions pursuant to which awards are granted or forfeited (or pursuant to which amounts are paid under the provisions of the Plan), are subject to the determination of the Committee.

[snowgeek]

Stock Appreciation Rights, essentially cash bonuses relative to the appreciation of the stock (no actual stock issuance), looks to me like nice incentives for getting the company's valuation and stock price higher.