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WOBURN, MA – Bridgeline Digital, Inc. (NASDAQ:BLIN), a provider of cloud-based marketing technology software, has entered into a new employment agreement with its President and CEO, Roger “Ari” Kahn. The contract, effective January 1, 2025, extends Kahn’s tenure through September 30, 2026, with provisions for automatic annual renewals.
The renegotiated terms include an increased annual salary of $421,500 and the potential for Kahn to receive an incentive bonus with a target of $215,000, contingent on performance metrics set by the company’s Compensation Committee. Kahn may also receive discretionary equity incentive awards under the company’s equity incentive plans. This compensation structure comes as the company maintains a moderate debt level and operates with a healthy gross profit margin of 67.94%.
In the event of Kahn’s termination without cause or his resignation for good reason, the agreement outlines severance benefits. These include up to eighteen months of base salary and bonus if the termination occurs around a change in control of the company, a prorated bonus for the year of termination, and extended health insurance coverage under COBRA.
The agreement also ensures the full vesting and immediate exercisability of unvested equity awards upon termination. Additionally, it encompasses standard confidentiality and non-compete clauses.
The details of the amended and restated employment agreement were disclosed in a Form 8-K filed with the SEC on February 7, 2025. The agreement supersedes the previous contract dated September 13, 2019. This move reaffirms Bridgeline Digital’s commitment to its leadership as it continues to navigate the competitive landscape of prepackaged software services.
The information in this article is based on a press release statement. While the company is currently not profitable, InvestingPro analysis indicates analysts expect profitability in the current fiscal year. For detailed insights and 10+ additional ProTips about Bridgeline Digital’s financial health and market position, visit InvestingPro’s comprehensive research platform.
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