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awarded a $500,000 bonus to Jonathan E. Johnson III, who serves as President of our subsidiary Medici Ventures, Inc. and also as a member of our Board of Directors, for his efforts during 2018;
increased Mr. Johnson’s salary from $350,000 to 400,000, effective January 6, 2019; and
approved restricted stock unit (“RSU”) grants under the Company’s 2005 Equity Incentive Plan to directors and officers of the Company, including a grant of 20,000 RSUs to Mr. Johnson and a grant of 20,000 RSUs to our Chief Financial Officer Gregory J. Iverson. The RSU grants are scheduled to vest in three equal annual increments on February 13, 2020, February 13, 2021 and February 13, 2022.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
/s/ E. Glen Nickle
E. Glen Nickle
Vice President, Legal, and General Counsel
February 20, 2019