|
|
|
||
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
|
|
|||
(Address of principal executive offices)
|
(Zip Code)
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
●
|
For the year ending December 31, 2023, each of Jarett S. Levan, the Company’s Chief Executive Officer and President, and Seth M. Wise, the Company’s Executive Vice President, will be eligible to receive an annual bonus of up to 150% of his annual base salary.
|
●
|
The payment of long term incentive compensation awards to certain of the Company’s executives in the following amounts: $2,120,000 for each of Mr. Jarett Levan and Mr. Wise, $1,628,026 for each of Alan B. Levan, the Company’s Chairman, and John E. Abdo, the Company’s Vice Chairman, and $350,000 for Brett Sheppard, the Company’s Chief Financial Officer. While it was previously contemplated that such awards would be paid 100% in restricted stock awards, Mr. Alan Levan and Mr. Abdo’s awards will instead be paid 100% in cash, and each of Mr. Jarett Levan, Mr. Wise and Mr. Sheppard may elect to receive up to 50% of his award in cash in lieu of restricted stock awards. In each case, the cash payments will be scheduled to vest and be made in three equal annual installments beginning in October 2023. In addition, the restricted stock awards granted to Mr. Jarett Levan, Mr. Wise and Mr. Sheppard will be scheduled to vest in three equal annual installments beginning in October 2023.
|
BBX Capital, Inc. | ||
By:
|
/s/ Brett Sheppard | |
|
Brett Sheppard | |
Chief Financial Officer |
Document And Entity Information |
Jan. 17, 2023 |
---|---|
Document Information [Line Items] | |
Entity, Registrant Name | BBX CAPITAL, INC. |
Document, Type | 8-K |
Document, Period End Date | Jan. 17, 2023 |
Entity, Incorporation, State or Country Code | FL |
Entity, File Number | 000-56177 |
Entity, Tax Identification Number | 82-4669146 |
Entity, Address, Address Line One | 201 East Las Olas Boulevard |
Entity, Address, Address Line Two | Suite 1900 |
Entity, Address, City or Town | Fort Lauderdale |
Entity, Address, State or Province | FL |
Entity, Address, Postal Zip Code | 33301 |
City Area Code | 954 |
Local Phone Number | 940-4900 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity, Emerging Growth Company | true |
Entity, Ex Transition Period | true |
Amendment Flag | false |
Entity, Central Index Key | 0001814974 |
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end
^=>C)^5FJ;:!P/&2@.N_EE+$8H2I%T,\!7XA
MN