FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 22, 2017, the Board of Directors of Finjan Holdings, Inc. (the “Company”), following the recommendation of the Compensation Committee of the Board of Directors of the Company, adopted the 2017 Executive Incentive Compensation Plan (the “2017 Plan”). The 2017 Plan is designed to tie executive compensation to the Company’s achievement of certain financial and strategic objectives and the executive’s achievement of individual performance goals. The 2017 Plan is intended to recognize outstanding contribution to the Company and value creation for the Company’s stockholders and is structured by the Compensation Committee to provide for cash bonuses to the Company’s executives at 50% to 200% of each executive’s current base salary, though in exceptional circumstances, the bonuses may exceed such levels. The discretionary nature of the 2017 Plan allows for the Compensation Committee to make recommendations to the Company’s Board of Directors to award Company executives on a monthly, quarterly or annual basis, on a discrete event, or any of the above.
The 2017 Plan runs from January 1, 2017 to December 31, 2017, and only those participants in good standing with the Company are eligible to participate.

FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Recent Trading Information

FINJAN HOLDINGS, INC. (NASDAQ:FNJN) closed its last trading session 00.00 at 1.56 with 53,653 shares trading hands.

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