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AEDC board approves a 20% bonus for President Carter, deferred at his request
Under "evaluation/compensation of the President & CEO," Vice-Chairman Bentley presented the compensation committee's recommendation to offer President Carter a 20% bonus; Director Heinrich seconded and the motion was approved. Carter asked to defer the bonus to no later than the end of the fiscal year, September 30, 2020, because of the COVID-19 pandemic.[1]
Kevin CarterBrian HeinrichAmarillo Economic Development Corporation (AEDC)
What the sources say
- ✓ Verified
The March 23, 2020 minutes: 'Vice-Chairmen Bentley provided an overview of the compensation committee's recommendation, which is to offer a 20% bonus to President Carter. Director Heinrich seconded the motion. The motion was approved. President Carter asked to defer the bonus to not later than the end of the fiscal year, which is September 30, 2020, due to the current situation with the COVID19 pandemic.' (as printed)[1]
- Award
- 20%
