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Majesco Entertainment Co. Message Board

  • tommyteej tommyteej Jan 17, 2013 5:32 PM Flag

    sec filing today

    On January 11, 2013, the Compensation Committee (the "Committee") of the Board of Directors of Majesco Entertainment Company (the "Company") approved cash bonuses for the Company's named executive officers for the fiscal year ended October 31, 2012. The Committee determined to award cash bonuses although the Company had not achieved the goals set forth in the Company's 2012 Executive Officer Incentive Bonus Plan, previously disclosed. The Committee determined that cash bonuses in the amount of $54,103 to Jesse Sutton, the Company's Chief Executive Officer, and $18,631 to Michael Vesey, the Company's Chief Financial Officer, were appropriate based on the Company's overall financial performance in light of other long term strategic initiatives enacted by the Company during the year.

    Equity Grants

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