Boulder Brands executives could receive up to $3.4 million in bonuses to stay with the company and help it complete its $975 million merger with Pinnacle Foods, according to new filings with the U.S. Securities and Exchange Commission.
Those payouts include $400,000 for chief financial officer Christine Sacco; $500,000 for chief legal officer Timothy Kraft; $275,000 for chief commercial officer Phil Anson; and $250,000 to Benjamin D. Chereskin, a member of the board of directors and head of the compensation committee.
The cash payouts will be canceled if the deal doesn’t go through or if the executives leave the company before the transaction becomes final. The deal is expected to close by the end of the first quarter.
Investment firm William Blair will receive $12.2 million for its handling of the deal, according to the filings.
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