12/27/2024 | Press release | Distributed by Public on 12/27/2024 15:44
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 27, 2024, the Compensation Committee (the "Committee") of the Board of Directors of Oklo Inc. (the "Company") approved increases to the annual base salaries for Jacob DeWitte, the Company's Chief Executive Officer, and R. Craig Bealmear, the Company's Chief Financial Officer, from $500,000 to $625,000 and from $400,000 to $440,000, respectively. In addition, the Committee approved increases to the annual target bonus opportunities for Messrs. DeWitte and Bealmear and Caroline Cochran, the Company's Chief Operating Officer, from 50% to 65% of the executives' base salaries. The base salary and target bonus opportunity increases are effective as of January 1, 2025.