Geeknet GKNT still not public with Geek.com divestiture to Ziff-Davis (1/2/11) GKNT Board of Directors Awarded $499,775.44* in Bonuses (1/3/11) not based on performance / GKNT earnings.
January 08, 2011
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Geeknet GKNT has still not fully disclosed / gone public with Geek.com divestiture to Ziff-Davis reported here January 02, 2011. On January 03, 2011 the GKNT Board of Directors were awarded $499,775.44* in Bonuses not based on performance / GKNT earnings.
Geeknet has also not disclosed its alliance with Atari and IONaudio with its iCade iPad Gaming Arcade for release April 2011.
Patricia Morris is still designated as CFO as of January 8, 2011 despite Kathryn McCarthy January 4 start date (See Geeknet Names Kathryn McCarthy as Chief Financial Officer). Selective disclosure?
*Geeknet Board of Directors Awarded $499,775.44 in bonuses not based on performance / GKNT earnings.
Bonus Awards Transaction Date per SEC FORM 4, 1/3/2011, Closing price 24.39
Kenneth G. Langone, 2459 shares, Award $59,975.00
Andrew Anker, 2049 shares, Award $49,975.11
Matt Carey, 2459 shares, Award $59,975.00
Peter A. Georgescu, 2049 shares, Award $49,975.11
Robert M. Neumeister, 2459 shares, Award $59,975.00
Frank A. Riddick III, 2459 shares, Award $59,975.00
Derek V. Smith, 2049 shares, Award $49,975.11
Michael Solomon, 2049 shares, Award $49,975.11
David B. Wright, 2459 shares, Award $59,975.00
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