Presidio Property Trust (SQFT) has released an update to notify the public and investors about its officers.
Presidio Property Trust, Inc. has solidified its executive team by entering into three-year employment agreements with key leaders: Steven Hightower, President of the Model Home Division, Gary Katz, Chief Investment Officer, and Edwin Bentzen, Chief Financial Officer. These contracts include annual base salaries ranging from $230,000 to $325,550, with the potential for up to 100% bonuses, and provisions for automatic renewals. The agreements outline various severance terms, including full salary and average bonus payouts, healthcare benefits, and immediate vesting of equity awards under certain termination conditions, emphasizing the company’s commitment to its top-tier management and strategic stability for investors.
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For a comprehensive understanding of the announcement, you can read the full document here.
