Delaware (State or other jurisdiction of incorporation) | 1-33926 (Commission File Number) | 75-1256622 (IRS Employer Identification No.) |
Emerging growth company | o | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | o |
• | an annual base salary of $600,000; |
• | target annual cash bonus equal to 100% of his base salary; |
• | target annual long-term equity incentive award equal to 130% of his base salary; |
• | a one-time award of 75,000 restricted stock units, vesting in equal installments over a three-year period; |
• | participation in benefit plans on the same basis as those generally made available to other senior executives of the Company; and |
• | a monthly housing allowance of $5,000 until the earlier of (i) one year from the Effective Date or (ii) the termination of Mr. Quarles’ employment with the Company. |
Exhibit No. | Description of Exhibit | |
99.1 |
TRECORA RESOURCES | ||||
Date: November 30, 2018 | By: | /s/ Sami Ahmad | ||
Sami Ahmad | ||||
Chief Financial Officer |
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