iCAD OKs stock packages for execs

iCAD shareholders approved a stock compensation package for the company’s executives totaling 375,000 shares, worth about $1.5 million.

Garnering most of the common stock awards was chief executive Ken Ferry, who is set to receive 275,000 shares. With an exercise price of $3.89 per share, Ferry’s package is worth about $1.07 million. He also was granted 200,000 in options.

Darlene Deptula-Hicks, chief financial officer, Jeffery Barnes, senior vice president of sales, and Stacey Stevens, senior vice president of marketing, each received packages of 50,000 shares and 100,000 options. Jonathan Go, iCAD’s senior vice president of research and development, received 25,000 shares with 75,000 options.

Shareholders also approved increasing the amount of authorized common stock of the Nashua developer of computer-aided cancer detection systems to 85 million shares, up from 50 million.

iCAD also will elect board directors annually. — CINDY KIBBE