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Why the reps hate management!

Discussion in 'Vivus Pharmaceuticals' started by Anonymous, Jan 28, 2015 at 6:52 PM.

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  1. Anonymous

    Anonymous Guest

    Item 5.02. Departure of Directors or Certain Officers; Election of
    Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
    Cash Bonus Payments, Stock Option Awards and Restricted Stock Unit Awards for Named Executive Officers

    On January 23, 2015, the Compensation Committee of the Board of Directors, or the Compensation Committee, of VIVUS, Inc., or the Company, authorized and approved cash bonus payments pursuant to the Company's employee annual bonus plan for fiscal year 2014 adopted on the same date, or the Annual Bonus Plan, and stock option awards and restricted stock unit awards under the Company's 2010 Equity Incentive Plan to certain of the Company's employees, including named executive officers Seth H. Z. Fischer, Chief Executive Officer, Svai S. Sanford, Chief Financial Officer and Chief Accounting Officer, John L. Slebir, Senior Vice President, Business Development and General Counsel and Secretary, Wesley W. Day, Ph.D., Vice President, Clinical Development and Guy P. Marsh, Vice President, U.S. Operations and General Manager. The following table sets forth the specific cash bonus payments under the Annual Bonus Plan, stock option awards and restricted stock unit awards authorized and approved for each of Messrs. Fischer, Sanford, Slebir and Marsh and Dr. Day:

    Cash Bonus Restricted Stock
    Named Executive Officers (1) Payments Stock Option Awards (2) Unit Awards (3)
    Seth H. Z. Fischer $ 416,000 628,600 66,000
    Svai S. Sanford $ 112,000 240,300 25,300
    John L. Slebir $ 170,000 246,400 25,900
    Wesley W. Day, Ph.D. $ 138,300 232,900 24,500
    Guy P. Marsh $ 95,000 105,100 11,000
     

  2. Anonymous

    Anonymous Guest

    Wait a minute didn't Chris T tell us we were getting 90% of our bonus because we didn't meet projections? Wait until the guys over at Yahoo finance get a load of this BS!