CHURCH Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On January 4, 2017, the Compensation & Organization Committee of the Board of Directors (the “Board”) of Church & Dwight Co., Inc. (the “Company”) approved, and the independent members of the Board ratified, a retention equity grant for Louis H. Tursi, Jr., Executive Vice President, North American Sales.
The retention equity grant has a fair value of $1,000,000, to be granted to the terms of the Company’s Omnibus Equity Compensation Plan. The retention equity grant will be awarded in the form of restricted stock and will vest 100 percent on the second anniversary of the grant date, contingent upon Mr. Tursi’s continued employment with the Company.
About CHURCH & DWIGHT CO., INC. (OTCMKTS:ACMC)
American Church Mortgage Company operates as a real estate investment trust (REIT). The Company is engaged in the business of making mortgage loans to churches and other non-profit religious organizations across the United States. The Company is engaged in offering loans ranging from $100,000 to $2,000,000 and selecting and investing in mortgage-secured debt instruments (Church Bonds) issued by churches and other non-profit religious organizations throughout the United States. It has made approximately 190 loans to over 160 churches approximating $96,842,253. It offers a range of loan types, which include 25/30 year term; 20 year term; three year renewable term, and construction one year term. The Company’s business is managed by the Church Loan Advisors, Inc., which provides investment advisory and administrative services to it. CHURCH & DWIGHT CO., INC. (OTCMKTS:ACMC) Recent Trading Information
CHURCH & DWIGHT CO., INC. (OTCMKTS:ACMC) closed its last trading session up +0.07 at 2.25 with 200 shares trading hands.
