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P10, Inc., a $1.05 billion market cap company specializing in investment advice, has updated employment agreements with two of its top executives, according to a recent SEC filing. The Dallas-based firm, which has demonstrated strong growth with revenue increasing by 23% over the last twelve months to $296 million, announced new terms for its Chief Financial Officer, Amanda Coussens, and Chief Administrative Officer, Mark Hood.
The revised agreements, effective April 3, 2025, retain the executives’ base salary and target carried interest award amount but introduce changes to bonus and equity award structures. Under the new terms, annual bonuses will be paid entirely in cash, contingent on meeting performance criteria set by the Compensation Committee. Additionally, Coussens’ annual target bonus has been adjusted to $300,000. According to InvestingPro analysis, P10 appears undervalued despite recent stock volatility, with analysts maintaining positive earnings forecasts for the upcoming year.
Furthermore, both executives are now eligible for annual equity awards, with Coussens and Hood receiving target values of $600,000 and $500,000, respectively. The agreements also modify the provisions for termination payments in the event of a Change in Control, clarifying the inclusion of an 18-month target bonus in lump-sum payments.
The employment agreements now align with those of other P10 executive officers, providing immediate vesting of all outstanding company equity awards and carried interests in case of death or disability. Minor administrative changes were also made, including updates to indemnification provisions and exit obligations. With a healthy current ratio of 1.51 and strong gross profit margins of 55%, InvestingPro data shows P10 maintains solid financial health. Discover 10+ additional exclusive insights and detailed analysis available in the comprehensive Pro Research Report.
Details of these changes are based on the company’s SEC filing and are summarized from the Employment Agreements attached as exhibits to the report. P10, Inc. trades on the New York Stock Exchange under the ticker (NYSE:PX). The information is based on a press release statement.
In other recent news, P10 Inc. has made notable changes in its leadership and received an upgrade from analysts. The company announced the appointment of Andrew Corsi as the new Chief Accounting Officer, effective January 1, 2025. Corsi, who has been with P10 since 2021 as Corporate Controller, succeeds Amanda Coussens, who will continue as Chief Financial Officer. In a separate development, JPMorgan upgraded P10’s stock rating from Neutral to Overweight, raising the price target from $14.00 to $15.00. Analysts at JPMorgan highlighted P10’s focus on niche markets and its value creation potential, noting its specialized investment strategies have historically outperformed peers. They also emphasized P10’s aggressive strategy in mergers and acquisitions, including its recent acquisition of WTI, as part of efforts to expand its market position. The company’s revenue model, primarily based on management and advisory fees, is seen as providing financial stability with limited exposure to market volatility. These strategic initiatives and financial models were key factors in JPMorgan’s upgraded rating.
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