Company: RITM-PC
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033195
Chunk: 47

Company: Rithm Capital Corp.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 47
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2022, pursuant to which he receives a base salary at the annualized rate of $300,000. As discussed above, the Compensation Committee adjusted the base salary of Mr. Santoro to $400,000, effective as of January 1, 2024. He is also eligible to receive an annual discretionary short-term incentive award. Mr. Santoro is also subject to a post-employment non-competition covenant for 12 months following his termination of employment as a result of his resignation or a termination by the Company for cause (as defined in the offer letter), certain non-solicitation covenants for 18 months following his termination of employment for any reason and covenants involving confidentiality and proprietary rights. Philip Sivin. We are party to an offer letter with Mr. Sivin, dated as of August 1, 2022, pursuant to which he receives a base salary at the annualized rate of $250,000. As discussed above, the Compensation Committee adjusted the base salary of Mr. Sivin to $400,000, effective as of January 1, 2024. He is also eligible to receive an annual discretionary short-term incentive award. Mr. Sivin is also subject to certain non- solicitation covenants for 18 months following his termination of employment for any reason and covenants involving confidentiality and proprietary rights. David Zeiden. We are party to an offer letter with Mr. Zeiden, dated as of April 26, 2024, pursuant to which he receives a base salary at an annualized rate of $500,000. Additionally, as discussed above, pursuant to such offer letter, Mr. Zeiden was entitled to a one-time grant of time-based equity awards equivalent to $409,969. He is also eligible to receive annual discretionary short-term incentive award. Mr. Zeiden is also subject to certain non-solicitation covenants for 18 months following his termination of employment for any reason and covenants involving confidentiality and proprietary rights. Say-on-Pay Vote At our 2024 Annual Meeting of Stockholders, we held a stockholder advisory vote (the “2024 Say-on-Pay” vote) on the compensation of our named executive officers for the year ended December 31, 2023. Our stockholders approved the compensation of our named executive officers, with approximately 82% of the votes cast in favor of our 2024 Say-on-Pay resolution. The Compensation Committee interprets this level of