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D-Box Technologies Inc T.DBO

Alternate Symbol(s):  DBOXF

D-BOX Technologies Inc. is engaged in the business of designing, manufacturing and commercializing cutting-edge haptic motion systems. The Company produces motion effects specifically programmed for each visual content, which are sent to a motion system integrated into either a platform, a seat or any other product. The Company’s products include a movie theater, home entertainment, sim racing, gaming, simulation and training and attractions and theme parks. The Company focuses on approximately two markets, such as the entertainment market, and the simulation and training markets. With its motion experience being offered in more than 720 auditorium screens in over 40 countries.


TSX:DBO - Post by User

Bullboard Posts
Comment by todumbtothinkon Oct 12, 2019 8:08am
106 Views
Post# 30225024

RE:Catalyst

RE:CatalystOut of page 19 of the Proxy Solicitation dated July 2, 2019 on Sedar talking about his parachute.
 
Upon the retirement of Mr. Mc Master as President and Chief Executive Officer of the Corporation on March 31, 2020 (or at any other earlier or later date determined by mutual consent between Mr. Mc Master and the Board of Directors) (or at any other earlier or later date determined by mutual consent between Mr. Mc Master and the Board of Directors), he will be entitled to receive payment in an amount equal to twice his annual compensation, and an amount equal to $100,000 per completed fiscal year starting with fiscal year 2017.

Now does the any ‘other date’ refer to the payment or the retirement?


Bullboard Posts