BK Technologies Board, Chief Executive Officer and Chief Financial Officer Elect to Receive Common Stock in lieu of Cash Compensation
BK Technologies Corporation (NYSE American:BKTI) today announced that the Company’s Board of Directors will be compensated entirely in BK Technologies common stock for their services in fiscal year 2023. In addition, the Company announced that its Chief Executive Officer has elected to receive 50% of his base salary in Restricted Share Units (“RSUs”) and its Chief Financial Officer elected to receive 10% of his base salary in RSUs.
Kyle Cerminara, Chairman of BK Technologies, commented, “The Board and top executives of BK have elected to be compensated in common stock as a reflection of our confidence in the Company’s future success and reinforces our alignment with our shareholders. Furthermore, this change will allow the Company to focus additional capital on maximizing the growth opportunities available in the market. BK continues to break sales and delivery records each quarter, and as we expand our new product and service offerings, including our BKR 9000 multiband radio and our suite of SaaS based public safety communications applications, our addressable market is poised to extend even further. My fellow directors and I are pleased to be receiving our compensation in BK Technologies stock, and we look forward to driving growth and value for our shareholders throughout 2023 and beyond.”