Noodles & Company plans to offer retention bonuses to key executives if ownership changes. President and CEO Joseph Christina could receive a 100% bonus of his base salary, while other executives could receive bonuses ranging from 50% to 75%. The bonuses are contingent on the executives remaining with the company for 90 days following a change of control. The move comes as Noodles explores ways to maximize shareholder value, including a possible sale, due to its weak share price. Despite recent efforts to improve operations and increase sales, the company still faces challenges with revenue and share price.
Read more at Yahoo Finance: Noodles & Company announces retention bonuses for four executives in the event of a sale
