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MiLOS Designs Presents Board of Directors Compensation Plan
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Written by Nicolo Luminos
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Tuesday, 30 December 2008 |
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For SLReports.net Share Distribution to Directors...
MiLOS Designs (MLS : SLCAPEX), which recently announced the appointment of Kadden Yue to the Board of Directors, also released its updated Board of Directors compensation plan.
Chairman and CEO Firstdesigns Milos was granted 1,600,001 shares, Outside Director Bogart Beck 20,000 shares, and Marketing/Operations Director Kaddan Yue 20,000 shares.
Firstdesigns Milos also stated, "Going forward, Board compensation will be reviewed periodically and may be adjusted based on individual contribution to the success of the company, our overall financial performance and other strategic needs of the Enterprise. I'd like to thank Ms. Kaddan Yue and Mr. Bogart Beck for the efforts to date and am looking forward to a productive and prosperous 2009 with their help and guidance."
MLS(SLCAPEX), a retail sector stock, has been doing quite well since going into active trading, closing most recently at L$1.39, a 10-day low, and 28% above IPO price. TOP NEWS:
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