Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 538

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 538
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 earnings per share of common stock below $0.56 per share.

Supplemental Retention Bonus

Pursuant to the Amended Omnibus Agreement, the Chairman of the Compensation Committee of the Board of Directors was authorized to negotiate and agree on behalf of the Company in regard to a 2023 supplemental retention bonus for NWarrender, GJacobs and WJacobs (in addition to the company-wide Bonus Pool), and if and only if the amount of such 2023 supplemental retention bonus is mutually agreed upon in writing among the Chairman of the Compensation Committee, NWarrender, GJacobs and WJacobs, then one-third of such 2023 supplemental retention bonus was to be paid by the Company to each of NWarrender, GJacobs and WJacobs on or before March 15, 2024, provided that such officer shall not have earlier resigned as an officer of the Company (the “Supplemental Retention Bonus”). No Supplemental Retention Bonus was paid during the year ended December 31, 2024. 

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Compensation of Executives

Name Year Salary ($)  Bonus ($)  Stock awards ($)  Option/Warrant Awards ($)  Non-Equity Incentive Plan Compensation ($)  Non-Qualified Deferred Compensation Earnings ($)  All Other Compensation ($)  Total ($) Gerard M. Jacobs,  2024 $250,000  $-  $-  $-  $-  $-  $-  $250,000 Chairman and CEO 2023 $250,000  $-  $-  $-  $-  $-  $-  $250,000                                    William C. "Jake" Jacobs,  2024 $250,000  $-  $-  $-  $-  $-  $-  $250,000 Director, President and CFO 2023 $250,000  $-  $586,500(A) $-  $-  $-  $-  $836,500                                    Nicholas S. Warrender,  2024 $500,000  $-  $-  $-  $-