Tuesday Morning Picks a CEO
Dallas-based Tuesday Morning has a new CEO.
On Tuesday -- appropriately -- Tuesday Morning announced the selection of interim chief executive officer Michael Rouleau as CEO. Rouleau, who joined the board in November 2012, had served as interim CEO since March, after Brady Churches stepped down after six months on the job.
Chairman of the Board Steven R. Becker described Rouleau's confirmation as the result of "a comprehensive CEO search ... which served to affirm the supremacy of Michael's experience, leadership and extraordinary track record." Becker was quoted in the company press release as being "very pleased with the Company's progress under his interim leadership."
In a filing with the SEC, Tuesday Morning advised that it will be paying Rouleau an annual salary of $560,000, plus:
- a signing bonus of $575,000
- 350,000 stock options, vesting over two years
- 30,000 shares of restricted stock, vesting over one year.
The article Tuesday Morning Picks a CEO originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.