Sprouts Farmers Market closes $600 million revolving credit facility
Blink Charging Co. (NASDAQ:BLNK), currently valued at $76.11 million and trading at $0.75 per share, has recently updated its executive team’s contractual arrangements, as revealed in a recent SEC filing. According to InvestingPro analysis, the company appears undervalued despite facing significant challenges, including rapid cash burn and a 45.2% decline in stock value year-to-date. On April 25, 2025, the company entered into a renewed employment agreement with Aviv Hillo, who has served as Blink’s General Counsel since June 2018 and took on additional responsibilities as Executive Vice President of Mergers and Acquisitions in May 2022.
The new contract, effective from June 1, 2025, secures Hillo’s position at the company until at least June 1, 2027, with automatic one-year renewals unless either party opts out. Under the terms of the agreement, Hillo will receive an annual salary of $456,000. For 2025, his performance-based cash bonus will be determined by the company’s 2018 Incentive Compensation Plan and will be prorated from the effective date to year’s end.
Starting in 2026, Hillo will be eligible for annual bonuses under the Executives’ Short-Term Incentive Plan, targeting 55% of his base salary, contingent on achieving specific company financial and strategic goals. Additionally, Hillo is set to receive annual equity awards equal to 55% of his salary for the remainder of 2025 and through 2026, issued as restricted stock units. Half of these will be performance-based, vesting upon reaching certain stock price thresholds, and the other half will be time-based, vesting over three years.
For 2027 and beyond, the Compensation Committee of Blink’s Board will determine performance-based and time-based equity awards, with potential bonuses up to 55% of Hillo’s salary. Moreover, Hillo will receive a one-time award of $100,000 in restricted stock, vesting over three years, as part of his new compensation package.
This employment agreement closely follows the framework of Hillo’s original agreement from May 19, 2022. The details of the agreement, filed as Exhibit 10.1 with the SEC, underscore Blink’s commitment to retaining key leadership amidst the company’s growth and strategic initiatives. With revenue of $126.2 million and the next earnings report due on May 8, 2025, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including BLNK.
The information is based on Blink Charging Co.’s recent SEC filing, providing a transparent view of the company’s executive compensation plans without marketing embellishments. InvestingPro data reveals additional insights about the company’s financial health, with 12 more exclusive ProTips available to subscribers, covering crucial metrics from valuation to growth potential.
In other recent news, Blink Charging Co. announced a strategic partnership with Eco-Movement to enhance the visibility of its EV charging stations through real-time data integration into major navigation and mapping platforms. The collaboration aims to make Blink’s charging network more accessible to EV drivers by ensuring easy discoverability across various digital and in-car navigation systems. Additionally, Blink Charging has regained compliance with Nasdaq’s filing requirements, having filed its Form 10-K for the fiscal year ending December 31, 2024, without any need for financial restatements. This compliance ensures Blink’s continued listing on the stock exchange, affirming its commitment to transparent financial reporting. Furthermore, Blink Charging extended the deadline for its subsidiary, Envoy Technologies Inc., to complete a direct listing, moving the date to June 2, 2025. This amendment to the merger agreement supports the distribution of shares to former shareholders upon a successful listing. Previously, Blink faced a compliance issue with Nasdaq due to a delayed filing of its annual report, but the company is actively working to resolve this. Investors can access the full amendment details and compliance plans through Blink’s SEC filings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.