Some light reading for anyone interested in the progress of the sale. I dread the day this is finalized.
https://www.businesswire.com/news/home/20201207005230/en/Inspire-Brands-and-Dunkin%E2%80%99-Brands-Announce-Waiver-of-Inside-Date-Condition-in-Connection-with-Proposed-Transaction
I know one person who was told they were getting an additional “discretionary” bonus, and a lot that aren’t. We are now being told it’s for those who went “above & beyond” yet no one can tell me what a good example of that is. Seems fishy to me.
Based on SEC document Schedule 14D-9
https://investor.dunkinbrands.com/node/16591/html
"The Company may also pay a one-time COVID bonus in an aggregate amount of up to $5 million to employees, including the executive officers, in the same proportion as 2020 annual bonuses."
It is confirmed. The managers supposedly communicating it as additional bonus for going far and beyond, which is not correct since it it clearly COVID related.
On average across 1000 employees this is an additional 5,000$ per person on the top of expected 75 % of your annual bonus.
Most likely majority of employees will be robbed of it and money will get split between upper management aka. directors and above.
Annual bonuses pool has to be allocated prior to the sale of the company. I was expecting it to be paid out also at the same time. The fact that pay outs delayed till March is bad foe many reasons
To be honest, I worry about me, not the executives. What they get is what they get. The rest of us... Dunkin has done right by us. They have come through time and again when they could've opted out. I, for one, am appreciative of how they've taken care of us. Not all companies operate with as much heart and follow through.
This pisses me off to no end. Per the SEC document Schedule 14D-9, annual bonuses for the 2020 fiscal year will be paid in amount equal to 75% of the target level and they may also pay a one time Covid bonus in an aggregate amount of up to $5 million to employees including executive officers in the same proportion as the 2020 annual bonuses. Patiently waiting for confirmation on this. I’m struggling to understand why they wouldn’t exclude executive officers from the Covid bonus. They all received golden parachutes, why do they need more?
The biggest elephant in the room is purchase of 82 million outstanding shares at $0.001, while the rest of stocks are purchased @ $106 per share
Someone really loaded their pockets, must all those named Dunkin employees that will continue journey at Inspire with 3x bonus payouts
The rest will be booted with thank you no thank you ...
Dreading it why?