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Mimecast Cuts CEO’s Annual Cash Compensation at His Request

April 5, 2021, 9:08 PM

Board on March 31 cut Chairman/CEO Peter Bauer’s annual cash compensation, including base salary and incentive compensation, at his request.

  • Annual base salary reduced to $31,200
  • Compensation reduction to remain in effect through at least March 31, 2022
  • It approved a one-time share option grant to purchase 319,229 ordinary shares, which will vest over a four-year period, with an exercise price of $40.85

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Jim Silver in New York at jsilver@bloomberg.net

To contact the editor responsible for this story:
Maria Jose Valero at mvalero3@bloomberg.net...

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