| Small & Micro Cap project
Schmitt Industries: Zapta takes operational role, and notable CEO compensation structure
In October 2018, Sententia Capital Management won two board seats through a proxy fight. Subsequently, the CEO and two incumbent directors resigned. As such, on December 1, 2018, the company experienced a majority board change and CEO change.
In December 2018, Michael R. Zapata, founder of Sententia Capital, was appointed executive chairman and president. In July 2019, the company appointed Zapata as CEO.
As per the employment agreement, Zapata will receive a retainer fee of $90,000 and the company granted 48,000 RSUs. The RSUs vested in the amounts set forth below on the first date the 15-trading-day average closing price of the company’s common stock equals or exceeds the corresponding target price (listed below).
|Number of RSUs Vested||Target Price|
Zapata’s background is interesting
He was commissioned as a Naval officer in May of 2001 and he served as a Navy SEAL. During his service from 2001 to 2010, he held various leadership roles during the global war on terror, including troop commander, for the nation’s premiere SEAL assault force. He transitioned out of the military to attend Columbia Business School in 2011 and earned his master’s degree, with a focus on investment management (Heilbrunn Center for Value Investing.)
How I got to Where I am as an Investment Fund Manager – Michael R. Zapata
65, Sakhi Garden, 2nd Cross Street,
Okkiam Thoraipakkam, OMR, Chennai, India
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