This excerpt taken from the GMCR 10-Q filed May 7, 2009.
The Chief Financial Officer of the Company is responsible to:
Plan, develop, organize, implement, direct and evaluate the Companys fiscal function and performance.
Participate in the development of the companys strategic plans and programs.
Ensure the timely and accurate preparation, analysis and presentation of financial reports and statements at the Company and to the SEC.
Perform timely and insightful financial and operational analyses, and present the related data and information to the Company for decision-making and action.
Develop and implement cash management programs, revenue and expense forecasting techniques, financial leverage approaches, and cost savings initiatives.
Staff and motivate the accounting, financial analysis, budget, treasury, tax and investor relations functions with talented, competent and committed employees.
Assist in the evaluation and execution of potential alliances, acquisitions or divestitures.
Work with the auditors and advisors to complete consolidated annual reports, implement tax strategies, and develop and complete strategic plans and key projects.
Be an advisor from the financial perspective on any contracts into which the Company may enter.
COMPANY BASE SALARY AND STOCK OPTION GRANT
For the first six months of employment $190,000
After six months of employment for the remainder of the first year $200,000
After the first year of employment, the Executive may be eligible for annual increases in Company Base Pay commensurate with performance and economic conditions of company.
The Executive shall be granted nonqualified stock options for 25,000 shares of the Companys Common Stock in accordance with the Companys 2000 Stock Option Plan. The exercise price of shall be the lower of the price as of the date of the Executives employment start date or the date upon which the Executive started as the Interim Chief Financial Officer on April 7, 2003. The options shall vest 25% after the first year of employment and 1/48th per month thereafter. The options shall have a 10-year term. The options shall be approved by the Compensation Committee of the Board of Directors.
FORM OF RELEASE