Memex Inc V.OEE.H

Management Needed

[Duster340]

This is the type of management shareholders here need.
..{Meg Energy}
During the quarter, a decision was made to roll back salaries across the company, with an emphasis on Board, executive and senior leader compensation. Effective June 1, 2020, base cash compensation for Board members was reduced by 25%. The President and Chief Executive Officer had his annual base salary reduced by 25%, the Chief Operating Officer and Chief Financial Officer each took a 15% annual base salary reduction, vice presidents received a 12% annual base salary rollback and all other employees received a 7.5% annual base salary rollback. In addition, the value of target 2020 long-term incentive awards issued to employees and directors on April 1, 2020 was reduced by 20%.