Piedmont Lithium pays executives $1.3M to avoid 'golden parachute' consequences - Business North Carolina

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Piedmont Lithium pays executives $1.3M to avoid 'golden parachute' consequences - Business North Carolina

Belmont-based Piedmont Lithium paid out hundreds of thousands of dollars early to three executives to avoid dire consequences of the so-called “Golden Parachute Payments” in the Internal Revenue Code. The payouts – $807,248 to CEO Keith Phillips, and $269,083 each to CFO Michael White and Chief Legal Officer Bruce Czachor – represent the acceleration of the payout of a portion of the 2024 annual cash bonuses that would have otherwise been paid i…