Silver Bow Mining files amended disclosure on President Doug Stiles employment terms, sets $240,000 base salary
Bitget2026/09/25 20:02- Silver Bow Mining Corp. amended its July 29, 2026 Form 8-K to disclose the terms of an amended and restated executive employment agreement for President Doug Stiles, effective Sept. 21, 2026.
- The agreement sets an annual base salary of $240,000, with a board review slated for the fourth quarter of 2026 and a discretionary increase due by Dec. 31, 2026.
- Stiles is eligible for an annual performance bonus of up to 50% of base salary.
- If terminated without cause or for good reason, he would receive 12 months of base salary plus benefits, with immediate vesting of unvested stock options.
- Change-of-control termination protections increase cash severance to 24 months of base salary, with equity vesting on a change of control.
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