Wed, May 14, 9:01 PM (9 days ago)
**Blink Charging Co. (BLNK) 10-K/A Summary** **Company Overview:** Blink Charging Co. (BLNK) filed this 10-K/A to amend its Annual Report on Form 10-K for the year ended December 31, 2024. The amendment corrects figures in the Summary Compensation Table due to an administrative error. **Executive Compensation:** The amendment revises the Summary Compensation Table in Item 11 of Part III of the 10-K. Key points include: - **Brendan S. Jones** (President and CEO): Total compensation for 2024 was $1,543,640, including salary, bonus, stock awards, and other compensation. - **Michael P. Rama** (CFO): Total compensation for 2024 was $762,033. - **Aviv Hillo** (General Counsel and EVP of M&A): Total compensation for 2024 was $750,938. - **Harjinder Bhade** (CTO): Total compensation for 2024 was $972,083. - **Michael C. Battaglia** (COO): Total compensation for 2024 was $710,512. **Compensation Philosophy:** Blink's compensation philosophy aims to attract and retain talented executives, link compensation to performance, and create incentives for increased stockholder value. The company uses a mix of salary, discretionary bonus, and equity awards. **Compensation Committee:** The Compensation Committee oversees executive compensation, considering risk factors and ensuring alignment with business performance and stockholder return. The committee engages independent advisors, such as Korn Ferry, to review and advise on compensation practices. **Equity-Based Incentives:** Equity-based incentives are designed to reward long-term performance and align executive interests with stockholder interests. The company grants restricted stock units and stock options, with vesting schedules designed to encourage long-term commitment. **Future Outlook:** The company's strategic overview and future outlook are not explicitly detailed in this amendment, as it focuses on correcting the Summary Compensation Table. However, the compensation structure and philosophy indicate a focus on performance-based incentives and long-term value creation. **Risk Factors:** The amendment does not provide new risk factors but emphasizes the company's consideration of risk in structuring compensation to discourage unnecessary or excessive risk-taking. **Financial Condition:** The financial condition is not explicitly detailed in this amendment. However, the company's focus on performance-based compensation suggests a commitment to financial discipline and alignment with stockholder interests. **Market Position:** The market position changes are not explicitly detailed in this amendment. However, the company's compensation practices and strategic overview indicate a focus on growth and innovation in the electric vehicle charging industry. **Conclusion:** This 10-K/A amendment corrects administrative errors in the Summary Compensation Table, providing accurate information on executive compensation. The company's compensation philosophy and practices align with its strategic goals and risk management principles.