An update from Rocky Mountain Chocolate Factory (RMCF) is now available.
Rocky Mountain Chocolate Factory has appointed Starlette B. Johnson as the Interim CEO with a compensation package that includes a $390,000 base salary, performance-based cash bonuses, equity awards, and customary benefits. Her bonus is pegged at 75% of her base salary, dependent on the company’s performance goals, and she will also receive a special equity incentive of restricted stock units valued at $390,000, vesting over 36 months. Johnson’s role is on an at-will basis without a set term, and she may receive additional equity grants annually as determined by the board’s Compensation Committee.
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