EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2022

EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS

EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS

NOTE 4 – EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS

The Company adopted the 2014 Omnibus Incentive Plan (the “Incentive Plan”) in May 2014, which provided for the granting of up to 500,000 shares of common stock through equity-based awards to directors, officers and other key employees.  The First Amendment to the Incentive Plan was adopted in May 2017, which, among other things, increased the number of shares of common stock available for issuance under the Incentive Plan by an additional 500,000 shares.  The Second Amendment to the Incentive Plan was adopted in May 2019, which, among other things, increased the number of shares of common stock available for issuance under the Incentive Plan by an additional 500,000 shares.  The Third Amendment to the Incentive Plan was adopted in May 2022, which, among other things, increased the number of shares of common stock available for issuance under the Incentive Plan by an additional 250,000 shares.  As of June 30, 2022, 416,302 shares remain available under the Incentive Plan for the issuance of future equity-based compensation awards.