Castellum (NYSE: CTM) sets $290k salaries, notice terms for top execs
Rhea-AI Filing Summary
Castellum, Inc. reported new and updated employment arrangements for two senior executives. Effective January 1, 2026, the company entered into an at-will employment arrangement with its General Counsel, Tammy L. Martin, providing an annual base salary of $290,000 and eligibility to participate in benefit plans generally available to all employees.
Also effective January 1, 2026, Castellum increased the annual base salary of its Chief Operating Officer, Andrew Merriman, to $290,000. For both Ms. Martin and Mr. Merriman, the at-will employment terms were modified so that either party must give sixty days advance written notice before terminating the employment arrangement.
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FAQ
What executive compensation changes did Castellum (CTM) disclose?
Castellum disclosed that, effective January 1, 2026, its General Counsel, Tammy L. Martin, has an annual base salary of $290,000, and its Chief Operating Officer, Andrew Merriman, also has an increased annual base salary of $290,000.
What are the new termination notice requirements for Castellum executives?
For both General Counsel Tammy L. Martin and Chief Operating Officer Andrew Merriman, the employment arrangements now require sixty days advance written notice from either party before terminating employment.
Are the new Castellum executive employment arrangements still at-will?
Yes. The company states that both Tammy L. Martin and Andrew Merriman have at-will employment arrangements, with the added requirement of sixty days advance written notice before termination.
What benefits will Castellum’s General Counsel and COO receive under these arrangements?
While employed by Castellum, both Tammy L. Martin and Andrew Merriman are entitled to participate in those benefit plans generally available to all employees of the company.
When do the updated Castellum (CTM) executive employment terms take effect?
The employment arrangement for General Counsel Tammy L. Martin and the salary increase and notice modification for Chief Operating Officer Andrew Merriman are all effective January 1, 2026.