Northern Graphite Corp V.NGC

NGC MORNING BRIEF

[youknowwhat]

Cam Birge was the director that suggested Hugues be hired as CEO. I thought that was a good hire. After 6 months I started questioning in my own mind whether I was an idiot or not  After 2 years of Hugues it is time to REPLACE him and Cam Birge should also go. 

The following figures represent fiscal year  2022 and are from a SEDAR filing dated June 9, 2023 entitled Management Information Circular page 18.

Hugues Jacquemin appointed CEO on June 8-2022. Salary paid to December 31, 2022 $197,185.00. Share based compensation $368,000.00 and option based awards of $123,411.00.
Total compensation for Hugues of  $689,296.00 for 7 months of work.

Guillaume Jacq appointed CFO September19-2022. Salary paid to December 31-2022 $67,150.00. Share based compensation $138,000.00 and option based awards of $98,512.00.
Total compensation for Guillaume  $303,602.00 for 3.5 months of work.

Marco Zvanik appointed VP Global Sales June 30-2022. Salary paid to December 31-2022 $106,980.00. Option based award  $ 92,000.00.
Total compensation for Marco  $198,980.00 for 6 months of work.

Total compensation awarded in fiscal 2022 from June 8 to December 31 to the above executives was a whopping total of $1,191,878 in a six month period.

I certainly do not blame the 3 executives named above for taking that amount of compensation. I do blame the compensation committee for awarding that amount of compensation before seeing any results in the way of performance by these executives.

CAM BIRGE AS THE LONGEST SERVING DIRECTOR ON THE COMPENSATION COMMITTEE SHOULD HANG HIS HEAD IN SHAME AS HE SUBMITS HIS RESIGNATION TO THE BOARD OF DIRECTORS.

Just a comment regarding possible funding from the USA government. If in fact Northern gets a substantial amount of money in my opinion it will not be the result of Hugues or Cam it will be IN SPITE OF THEM. The US government is throwing money every where to further the EV revolution and get President Biden re-elected.

Northern receiving US government funding will not make Hugues a competent CEO or Cam Birge a better director.

[Gorilladome47]

WOW, that is shockingly criminal compensation with ZERO performance.  Does this Cam Birge have any integrity? Or he is just in the business of lining the pockets of his closest friends at the shareholder's expense? Cam Birge do you even care about shareholders?  Do you even care about this company?  You are paying non producing, non performing, non executing executives gross

[Frenchie18473]

Wow! You'd think you were talking about the executive at CBC!  Completely TONE DEAF. Then again, if I had a "hard week at work" for doing nothing, I'd fly back, first class, to my villa in Naples to take a well deserved break on my yacht to ponder...sorry I forgot what I was supposed to ponder... but this glass of wine is excellent... who cares when you are rich if