TPX: Tempur-Pedic Tries to Sneak by Management Raises
We noted recently that Small Cap Watch List (Track at Marketocracy) and Mid Cap Watch List (Track at Marketocracy) member Tempur-Pedic (TPX) is on a tear lately. Of course, with that kind of performance the management deserves a raise, and should shout about it rather than try to sneak it into a Friday afternoon (1 day after the agreement) SEC Filing.
On February 8, 2006, the Board of Directors of Tempur-Pedic International Inc. (the “Company”) approved annual salary increases for certain named executive officers of the Company (as defined in Regulation S-K, Item 402(a)(3)) other than the Company’s President and Chief Executive Officer. The Board of Directors also approved the payment of the 2006 bonuses for the executive officers pursuant to the bonus plan in place for 2006.
If they keep up the good work, shareholders will likely pay management every dime they deserve.
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[…] Well, mangement got their raises. When business is this good, workers have more power than usual - and it looks like they plan to use it. For more information, see all articles on: Stock Market, TPX […]