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4-Traders Homepage  >  Equities  >  Nasdaq  >  CLEARSIGN COMBUSTION CORP    CLIR

CLEARSIGN COMBUSTION CORP (CLIR)
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CLEARSIGN COMBUSTION CORP : Change in Directors or Principal Officers (form 8-K)

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04/18/2018 | 10:09pm CEST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.



On April 12, 2018, the Compensation Committee of the Board of Directors of ClearSign Combustion Corporation (the "Company") approved the grant of options to purchase the Company's common stock to the following executive officers:


                   Name of Executive Officer Number of Shares

                        Donald Kendrick           30,000
                         Roberto Ruiz             20,000
                          Brian Fike              25,000



The grants were made from the Company's 2011 Equity Incentive Plan (the "Plan"). The options have an exercise price of $1.90 per share and a term of 10 years. The options vest at the rate of 6.25% on the first day of each quarter beginning on July 1, 2018. The Compensation Committee also approved bonuses to be paid in cash, in common stock (to be issued from the Plan), or in a combination of cash and common stock, as determined by the Company's Chief Executive Officer, to the following executive officers:


                    Name of Executive Officer Amount of Bonus

                        Stephen E. Pirnat        $165,000
                         Donald Kendrick          $90,000
                           Brian Fike             $70,000

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CLEARSIGN COMBUSTION CORP Technical Analysis Chart | CLIR | US1850641028 | 4-Traders
Technical analysis trends CLEARSIGN COMBUSTION CORP
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Managers
NameTitle
Stephen E. Pirnat Chairman, President & Chief Executive Officer
Roberto Ruiz Chief Operating Officer
Brian G. Fike CFO, Controller, Secretary & Treasurer
Donald W. Kendrick Chief Technology Officer
Lon E. Bell Independent Director
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