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In a recent 8-K filing with the SEC, Earth Science Tech, Inc. (OTC:ETST), a company specializing in pharmaceutical preparations, disclosed new compensatory arrangements for its top executives. As of August 16, 2024, the company's Board of Directors has approved a novel twelve-month Employment Agreement for CEO Giorgio R. Saumat and COO Mario G. Tabraue.
According to the agreement, starting October 1, 2024, the CEO will receive eighteen percent and the COO will receive twelve percent of the company's monthly cash receipts. This payout structure is contingent upon the company's net profit growing quarter over quarter. Should Earth Science Tech not meet this profit increase, the executive compensation agreement will be subject to renegotiation, with no payments made at the start of the new quarter.
The filing also indicates a significant change for COO Mario G. Tabraue, who has agreed to step down from all his current positions within the company's wholly owned subsidiaries and their corresponding remunerations. This decision is in line with his dedication to concentrating solely on his responsibilities as COO under the new agreement.
InvestingPro Insights
In light of Earth Science Tech's recent executive compensation adjustments, investors may find the following InvestingPro Insights particularly pertinent. First, the company boasts a perfect Piotroski Score of 9, suggesting a strong financial position. Additionally, Earth Science Tech has experienced a significant return over the last week, which may reflect investor confidence in the new employment agreements and the company's future prospects.
From a financial standpoint, Earth Science Tech's market capitalization stands at $66.94 million, with a P/E ratio of 24.23. This valuation is underpinned by a remarkable revenue growth of over 7462% in the last twelve months as of Q1 2025, showcasing the company's rapid expansion in its sector. Furthermore, Earth Science Tech operates with a moderate level of debt, which could provide some stability in its financial structure.
For those considering an investment in Earth Science Tech, it's worth noting that there are additional InvestingPro Tips available, which can offer deeper insights into the company's performance and valuation metrics. Visit InvestingPro for a comprehensive analysis: https://www.investing.com/pro/ETST.
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