ZAGG interim CEO Randall Hales, who Monday was hired...
ZAGG interim CEO Randall Hales, who Monday was hired full time to the post (see Consumer Electronics People), will be paid a $692,000 base salary, the accessories supplier said in an SEC filing. Hales, who has been serving as interim…
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CEO since August following the resignation of founder Robert Pedersen, also will be eligible for a $208,000 annual cash incentive bonus based on financial targets, the filing said. He'll also get $658,000 in ZAGG common stock, it said. Hales, president since December 2011, was appointed after Pedersen’s departure was hastened when it was found he used ZAGG shares as collateral in land deals, the company has said. ZAGG adopted a policy prohibiting all insiders from engaging in short-term or speculative transactions involving company securities.