KULR's Compensation Committee Approved A Voluntary Request By CEO Michael Mo To Reduce The Cash Component Of His Compensation By 33%; In Q1 2024, KULR Reduced Operating And Investment Cash Usage By 23% From Q1 Of 2023

Author: Benzinga Newsdesk | May 23, 2024 08:46am

KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), global leader in safe and high-performance energy storage solutions, today announced that, in keeping with the Company's recent efforts to reduce its cash consumption, KULR's compensation committee approved a voluntary request by CEO Michael Mo to reduce the cash component of his compensation by 33% and, believing in the future of KULR, to instead grant him an equity incentive grant that does not vest for 12 months from such grant date.

Posted In: KULR