Adtran (ADTN) has issued an update.
Adtran Networks, a subsidiary of ADTRAN Holdings, has extended the employment agreements for CFO Ulrich Dopfer and CTO Christoph Glingener until the end of 2025. This move rectifies previous salary reductions made under the Company’s Business Efficiency Program, with the executives’ salaries for 2024 now set at $427,083 and €350,625 respectively. Their compensation includes eligibility for annual incentive cash bonuses and stock awards tied to company performance metrics. Notably, adjustments were made to their stock option grants due to plan limitations, and a cap on their total annual remuneration has been set at €2,800,000.
Learn more about ADTN stock on TipRanks’ Stock Analysis page.
