Tessera Defense & Homeland Security Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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FY2024 · Filed Mar 25, 2025
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ITEM 9B. OTHER INFORMATION
Grant of Bonuses
On March 24, 2025, the Board approved the payment of bonuses, payable in cash in amounts that equals to three-month salary for each of our Chief Executive Officer, Chief Financial Officer and Chief Development Officer, in the amounts of $102,000, $55,000 and $64,000, respectively. Upon payment of the bonuses, the non-statutory severance period for each of such officers, as agreed with the Company, will be shortened by three months.
Trading Arrangements
During the three months ended December 31, 2024, none of our directors or officers adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement”, as each term is defined in Item 408(a) of Regulation S-K.
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