RE:amk and stngNot only is there good compensation with AMK and STNG but these guys also run AFF. Looks like pretty good comp for each company. Wow!!! Good on these guys!!! And it looks like Mr. Edwards is also a partner in a succesful accounting firm. My question for this board and especially whomever is on the AMK, STNG, and AFF audit committee/governance committee/compensation committee or something like that is.....does this compensation match up with the workload, resume, track record, and deliverables for these esteemed individuals? Does the comp and the stock options align management with the shareholders? Is the Board of Directors sufficiently holding management accountable for current performance and workload?
Are these guys full time engaged with AMK? If not then why the big salaries?
Upon further review of the AMK SEDAR stuff I also am concerned with the change of control provision for executives. Seems like quite a nice perk. Who authorized this? From my experience change of controls have been knocked back quite a bit....which doesnt seem to be the case for AMK. And when an executive is performing executive duties for other listed companies is a change of control even appropriate?
This industry needs to take a look at what the broader industry now calls "fractional CEO's, fractional CFO's and so forth. The stakeholders of penny stocks really need to look into this as well as "vote for pay" and other ESG platforms that alot of mainstream business are adapting.
I'm not an AMK basher. I'm a big fan of Stockmoves and miss his comments already. I would also like to ackknowledge the executives of AMK for getting shareholders this great TUDOR deal years ago. I'm just concerned about the comp stuff running away from alignment with Average Joe shareholder.
If someone has a reasonable explanation as to why this type of compensation given the situation is OK then i'm willing to be open minded and consider all sides of this concern.