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Cobra Electronics Corporation Message Board

  • smaycs2 smaycs2 Mar 3, 2011 1:18 PM Flag

    Multiple form 4s.


    It appears COBRs long standing practice of rewarding insiders has continued.

    Looks like all the outside directors got 5000 share stock grants.

    Bazet got 15,400 free shares and 23,100 10 year options at $3.84.

    Sally got 7700 shares and the CFO & VP finance, 2 different guys, got 3800 each.

    Pay for performance is great. But with Cobra, its pay regardless of performance and has been for many, many years.

    How about a few million more in life insurance ?

    Afterall, with COBRs long term record of destroying value, we SURE wouldnt want to lose these in demand exectuives !

    This topic is deleted.
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