African Agriculture Holding (AAGR) just unveiled an update.
Alan Kessler has stepped down from the Board of Directors at African Agriculture Holdings, Inc., with no disputes prompting his departure. Michael Rhodes will join the board to fill the vacancy. Kessler’s exit is accompanied by a Resignation Agreement, ensuring a lump-sum payment and full vesting of restricted stock units for his company, African Discovery Group, by the end of 2024, with certain conditions. Kessler will also receive full vesting of his restricted stocks and a mutual release of claims, except for specified exceptions.
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