An update from Alpine 4 Technologies (ALPP) is now available.
Alpine 4 Holdings, Inc. has implemented a significant salary reduction strategy as part of its cost-saving measures, with its top executives, including the CEO and COO, taking cuts up to 33%. This decision follows an earlier 20% salary reduction for the CEO and COO in the previous quarter. Furthermore, non-employee board members have also reduced their fees by nearly half, contributing to overall annual savings of around $1.2 million, which took effect from August 16, 2024. The company’s leadership plans to continue evaluating performance and compensation to make further adjustments as necessary.
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