form 4 /Eric DeMarco buys 28,,647 Kratos Shares open mkt .
SEC filing MAY 15th now President and CEO of KRATOS nowq owns 292,697 KRATOS SHARES GREAT SUPPORT Believes in KRATOS FUTURE PLANS and PUTS his money into KRATOS CORPORATION. , this is usually followed by other officers iof KRATOS could see more SEC FILINGS in next few days we shall see. . Kratos is Rocking and Rolling today , STATION 6 just might be a refuelling stop this week by thought Friday but it now appears it could even take place prior close of market today see what last hour of trading accomplishes if buying coverage on short position takes place today I think even possible to go a little higher than Station 6, we will be a seeing . Just a note from picsantee, Pics. ANNUAL MEETING COMING UP MAY 229 am kinda getting looking forward to this year meeting, Pics NICE DAY out there at KRATOS LAND. Pics.
Pics - Did you read the Proxy Statement that you were sent? In it, it says:
"Stock Ownership Target Guideline: Effective March 2013, the Compensation Committee implemented a stock ownership target guideline (including all shares held through options, restricted stock units, Employee Stock Purchase Plan purchases, open market purchases and 401(k) holdings) for our Chief Executive Officer of 1% of our outstanding shares of common stock."
Mr. DeMarco will now be expected to own at least 580,000 shares, be they outright, options, or RSUs. If they publish a current, concise report at the upcoming annual meeting, all will be able to calculate how many more shares he will be expected/required to purchase.
Mr. DeMarco is under an employment contract. The BOD cannot impose such a unilateral requirement without acceptable consideration. Perhaps current stockholders should be more concerned with that side of the transaction.