Integrum implements new compensation package for its CEO
Integrum AB (Nasdaq First North: INTEG B) has announced a new compensation package for Board Director and Acting CEO Scott Flora, focusing on performance-based incentives during the company's strategic transition. The package includes 200,000 Stock Appreciation Rights (SARs) with a maximum compensation of SEK 60 per SAR and a base price of SEK 29.30.
The SARs will vest at a rate of 20% every three months starting June 1, 2025, and can be exercised between September 1-October 31, 2026. Unvested SARs will lapse without payment. The company maintains flexibility to pay in either stock or cash. As part of this restructuring, Flora's fixed compensation will be reduced. This adjustment aligns with the company's executive compensation guidelines approved at the latest shareholders' meeting.
Integrum AB (Nasdaq First North: INTEG B) ha annunciato un nuovo pacchetto di compensi per il Direttore del Consiglio e CEO ad interim Scott Flora, incentrato su incentivi legati alle performance durante la transizione strategica dell'azienda. Il pacchetto include 200.000 Diritti di Apprezzamento delle Azioni (SAR) con una compensazione massima di SEK 60 per SAR e un prezzo base di SEK 29,30.
I SAR matureranno a un tasso del 20% ogni tre mesi a partire dal 1 giugno 2025 e potranno essere esercitati tra il 1 settembre e il 31 ottobre 2026. I SAR non maturati scadranno senza pagamento. L'azienda mantiene la flessibilità di pagare in azioni o in contante. Come parte di questa ristrutturazione, la compensazione fissa di Flora sarà ridotta. Questo aggiustamento è in linea con le linee guida sulla compensazione dei dirigenti approvate nell'ultima assemblea degli azionisti.
Integrum AB (Nasdaq First North: INTEG B) ha anunciado un nuevo paquete de compensación para el Director de la Junta y CEO interino Scott Flora, centrado en incentivos basados en el rendimiento durante la transición estratégica de la empresa. El paquete incluye 200,000 Derechos de Apreciación de Acciones (SAR) con una compensación máxima de SEK 60 por SAR y un precio base de SEK 29,30.
Los SAR se consolidarán a una tasa del 20% cada tres meses a partir del 1 de junio de 2025, y se podrán ejercer entre el 1 de septiembre y el 31 de octubre de 2026. Los SAR no consolidados caducarán sin pago. La empresa mantiene la flexibilidad de pagar en acciones o en efectivo. Como parte de esta reestructuración, la compensación fija de Flora se reducirá. Este ajuste está alineado con las directrices de compensación ejecutiva aprobadas en la última reunión de accionistas.
Integrum AB (Nasdaq First North: INTEG B)는 이사회 이사이자 임시 CEO인 Scott Flora를 위한 새로운 보상 패키지를 발표했습니다. 이는 회사의 전략적 전환 동안 성과 기반 인센티브에 중점을 두고 있습니다. 이 패키지에는 200,000 주식 상승권(SAR)이 포함되어 있으며, SAR당 최대 보상액은 SEK 60이고 기준 가격은 SEK 29.30입니다.
SAR은 2025년 6월 1일부터 시작하여 3개월마다 20%의 비율로 만기되며, 2026년 9월 1일부터 10월 31일 사이에 행사할 수 있습니다. 미만기 SAR은 지급 없이 만료됩니다. 회사는 주식 또는 현금으로 지급할 수 있는 유연성을 유지합니다. 이 구조조정의 일환으로 Flora의 고정 보상은 감소할 것입니다. 이 조정은 최근 주주총회에서 승인된 회사의 임원 보상 지침과 일치합니다.
Integrum AB (Nasdaq First North: INTEG B) a annoncé un nouveau paquet de rémunération pour le Directeur du Conseil et CEO par intérim Scott Flora, axé sur des incitations basées sur la performance durant la transition stratégique de l'entreprise. Le paquet comprend 200.000 Droits d'Appréciation des Actions (SAR) avec une compensation maximale de SEK 60 par SAR et un prix de base de SEK 29,30.
Les SAR seront acquis à un taux de 20% tous les trois mois à partir du 1er juin 2025 et pourront être exercés entre le 1er septembre et le 31 octobre 2026. Les SAR non acquis expireront sans paiement. L'entreprise conserve la flexibilité de payer en actions ou en espèces. Dans le cadre de cette restructuration, la rémunération fixe de Flora sera réduite. Cet ajustement est en accord avec les lignes directrices de rémunération des dirigeants approuvées lors de la dernière assemblée des actionnaires.
Integrum AB (Nasdaq First North: INTEG B) hat ein neues Vergütungspaket für den Vorstand und amtierenden CEO Scott Flora angekündigt, das sich auf leistungsbasierte Anreize während des strategischen Übergangs des Unternehmens konzentriert. Das Paket umfasst 200.000 Aktienoptionsrechte (SAR) mit einer maximalen Vergütung von SEK 60 pro SAR und einem Basispreis von SEK 29,30.
Die SARs werden ab dem 1. Juni 2025 mit einer Rate von 20% alle drei Monate fällig und können zwischen dem 1. September und dem 31. Oktober 2026 ausgeübt werden. Nicht fällige SARs verfallen ohne Zahlung. Das Unternehmen behält sich die Flexibilität vor, in Aktien oder Bargeld zu zahlen. Im Rahmen dieser Umstrukturierung wird Floras feste Vergütung reduziert. Diese Anpassung steht im Einklang mit den Vergütungsrichtlinien für Führungskräfte, die auf der letzten Hauptversammlung genehmigt wurden.
- Implementation of performance-based compensation structure ties CEO pay to company performance
- Gradual vesting schedule (20% every 3 months) ensures executive retention during transition period
- Reduced fixed compensation helps align management costs with performance
- Indicates ongoing leadership uncertainty with interim CEO arrangement
- Potential dilution risk if SARs are paid in stock
- Maximum SAR payout of SEK 60 could represent significant expense if share price increases substantially
Insights
Integrum's new compensation structure for Acting CEO Scott Flora represents a significant governance shift with several noteworthy implications. The company is reducing Flora's fixed compensation while implementing a performance-based Stock Appreciation Rights (SARs) program granting him 200,000 SARs with a base price of
The structure creates a clear performance incentive while maintaining reasonable guardrails. The gradual vesting schedule (20
Most revealing is the context: Integrum is undergoing what they describe as a "major strategic shift" while actively recruiting a permanent CEO. This compensation arrangement appears designed to motivate Flora during this transitional period while potentially setting compensation expectations for the incoming permanent executive. The reduction in fixed compensation paired with performance upside suggests board-level focus on aligning leadership rewards with shareholder outcomes during this pivotal period.
This SAR program represents a thoughtfully structured transitional incentive package that deserves close examination. With 200,000 SARs at a base price of
The quarterly vesting structure creates regular performance checkpoints while maintaining focus through the transition period. By reducing fixed compensation in exchange for this upside potential, the board has effectively transferred compensation risk to the executive—a shareholder-friendly approach particularly appropriate during leadership transitions.
What's particularly notable is the mention of an ongoing "major strategic shift" coinciding with the search for a permanent CEO. This suggests the board is using compensation architecture to maintain leadership continuity and incentivize specific strategic objectives during an uncertain period. The relatively short-term nature of the program (fully exercisable by October 2026) indicates the board expects measurable progress within approximately 18 months—suggesting confidence in their strategic direction despite leadership flux.
This package appears calibrated to bridge a specific transition period rather than signaling long-term structural changes to Integrum's executive compensation philosophy.
MÖLNDAL,
"Integrum is currently undergoing a major strategic shift. As part of this work, the board has renegotiated Acting CEO Scott Flora's compensation package to increase focus on performance-based compensation. The recruitment of a permanent CEO is ongoing, and the new agreement with Scott Flora provides continued stability and growth focus in the executive management team during this transition phase," comments Kristofer Westergren, Board Director of Integrum and coordinator of the business assessment and strategic shift.
The new incentive program is based on Stock Appreciation Rights ("SARs") for the Board Member and Acting CEO Scott Flora. Within the framework of the program, Scott Flora has been granted 200,000 SARs, where each vested SAR entitles to a compensation based on Integrum's share price, but not exceeding
In connection with the new incentive program taking effect, the fixed compensation to Scott Flora will be reduced. The incentive program falls within the framework of the guidelines for compensation to senior executives adopted at Integrum's most recent shareholders' meeting.
For more information, please contact:
Jörgen Svanström, CFO
Phone: + 46 (0) 70 734 96 60
E-mail: Jorgen.svanstrom@integrum.se
Certified Adviser
Carnegie Investment Bank AB (publ) is the company's Certified Adviser.
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SOURCE Integrum AB
FAQ
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