Envela Corp
For the period ended Jun 25, 2025. Filed Apr 30, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 25, 2025 · Filed Apr 30, 2025
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Contents
Compensation Program
The objectives of our compensation program are to: (i) provide a competitive, comprehensive compensation package to attract, retain, and motivate highly talented personnel at all levels of our organization; and (ii) provide incentives and rewards for implementing and accomplishing our short-term and long-term strategic and operational goals and objectives. We seek to structure compensation packages that are competitive within the industry while maintaining and promoting our interests and those of our stockholders.
We believe that executive compensation should reflect the executive’s responsibilities, the relative value of the position, and the level of industry competition for quality personnel. Our executive-compensation program includes three primary components:
| ● | Base salary is the guaranteed element of executives’ annual cash compensation. Base-salary amounts reflect the Compensation Committee’s assessment of the employees’ long-term performance, skill set, and the market value of such a skill set. |
| ● | Performance-based incentive cash bonuses are intended to reward executives for achieving specific financial and operational goals at the corporate and individual levels. |
| ● | Long-term incentive awards are provided through grants of stock options and restricted stock units. They are intended to encourage executives to seek long-term Company success and to align their interests with stockholders’ interests. |
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