iAnthus Capital Files Executive Compensation Statement For FY2019

Fan favourite iAnthus Capital Holdings (CSE: IAN) this afternoon filed on Sedar its statement of executive compensation for 2019. The short of it, is that given the financial performance of the company from January 1, 2019 through to now, investors aren’t likely to be satisfied with what was contained within.

The filing reveals specifically how many each executive of the company was compensated for the period of January 1, 2019, through to December 31, 2019. While certain members may no longer be with the company as of today, the filing requires their compensation to still be revealed for the time period regardless of their current employment status. However, titles may be slightly shifted as the titles filed within represent the current status of their employment.

Without further ado, here’s the compensation as filed for the 2019 fiscal year for iAnthus Capital.

Name / PositionSalary (incl. all related fees)BonusCommittee / Meeting FeesTotal
Randy Maslow / Interim CEO, President, Director400,000200,000600,000
Hadley Ford / Former CEO, Director250,000200,000450,000
Julius Kalcevich / CFO, Former Director250,000200,000450,000
Elizabeth Stavola / Former CSO, Director252,885.60150,000402,885.60
Robert Galvin / Interim COO, Former Director215,543.96150,000365,543.96
Robert Whelan, Jr / Director3,383.563,383.56
Diane Ellis / Director2,849.322,849.32
Michael Muldowney / Director2,849.322,849.32
Joy Chen / Director3,383.563,383.56
Mark Dowley / Former Director3,383.563,383.56
Robert Petch / Former Director33,33333,333
Paul Rosen / Former Director24,00024,000
Dr Richard Boxer / Former Director201,922.98108,75010,000329,672.98

All told iAnthus saw its former and current executives compensated a total of $2.34 million during the fiscal year. And this doesn’t take into account compensation options that were issued – such as the options that were cancelled and reissued at a lower price – however, with the lowest priced options being issued at $1.63 per share for the executives, it’s unlikely that anyone will likely make any money off of that paper.

Not a bad take, considering the financial and equity performance exhibited by the company over the same time period.

Information for this briefing was found via Sedar and iAnthus Capital Holdings Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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