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Stock impact report

BRIEF-Prophase Labs Announces New Compensatory Arrangement With CEO And Termination Of Stockholder Rights Plan [Reuters]

ProPhase Labs, Inc. (PRPH) 
US:NASDAQ Investor Relations: prophaselabs.com/investors/annual-reports
Company Research Source: Reuters
BRIEF-Prophase Labs Announces New Compensatory Arrangement With CEO And Termination Of Stockholder Rights Plan | Reuters Reuters Staff 1 Min Read Feb 20 (Reuters) - Prophase Labs Inc: * PROPHASE LABS, INC. ANNOUNCES NEW COMPENSATORY ARRANGEMENT WITH CHIEF EXECUTIVE OFFICER AND TERMINATION OF STOCKHOLDER RIGHTS PLAN * ?BOARD OF DIRECTORS APPROVED NEW EMPLOYMENT AGREEMENT WITH TED KARKUS, COMPANY‘S CEO, EFFECTIVE FEBRUARY 23, 2018 * PROPHASE LABS- ?BOARD HAS APPROVED NEW EMPLOYMENT AGREEMENT WITH TED KARKUS, COMPANY‘S CHIEF EXECUTIVE OFFICER, WHICH WILL BECOME EFFECTIVE FEB 23, 2018 * ?KARKUS HAS VOLUNTARILY AGREED TO REDUCE HIS BASE SALARY FROM CURRENT RATE OF NOT LESS THAN $675,000 PER ANNUM * PROPHASE LABS- ?BOARD OF DIRECTORS AGREED TO GRANT KARKUS STOCK OPTION TO PURCHASE 2.3 MILLION SHARES OF CO‘S COMMON STOCK AT PRICE OF $3.00 PER SHARE * ?BOARD OF DIRECTORS HAS VOTED TO TERMINATE CO‘S RIGHTS AGREEMENT, EFFECTIVE FEBRUARY 20, 2018? Source text for Eikon: Further company coverage: Show less Read more
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