Conn’s (CONN) has released an update.
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Norman L. Miller, CEO and President of Conn’s, Inc., has secured an offer letter and severance agreement detailing his $1 million base salary, potential for up to 200% annual bonuses, and long-term incentive plans with stock options. Additionally, a robust severance package protects him in various termination scenarios, including a substantial payout in the event of a company change of control. Meanwhile, Timothy Santo steps up as the new CFO, with a salary bump to $475,000 and eligibility for similar long-term incentives, emphasizing Conn’s commitment to strong leadership compensation tied to company performance.
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