AmpliTech Group, Inc. approved a new annual performance-based bonus plan for its named executive officers starting with the 2026 fiscal year and onward. The plan is designed to reward achieving specific financial, operational, and strategic goals.
Bonuses are tied to three metrics: annual revenue (50% weighting), EBITDA/gross margin (35%), and employee retention (15%). Target bonuses are 75% of base salary for CEO Fawad Maqbool and 45% for CFO Louisa Sanfratello and COO Jorge Flores. Maximum performance can raise bonuses to 105% for the CEO and 75% for the CFO and COO, with linear interpolation between thresholds. The Board may also grant additional discretionary bonuses up to 85% of base salary for the CEO and 55% for the CFO and COO.
AmpliTech Group, Inc. notified the SEC that Nasdaq Stock Market LLC has submitted a Form 25 to remove the company’s warrant class from listing and/or registration. Nasdaq states it has complied with applicable rules under 17 CFR 240.12d2-2 and the issuer has complied with exchange rules governing voluntary withdrawal.