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Get filing alertsFitLife Brands promotes EVP Ryan Hansen to President with $300K salary and equity package
Filed May 22, 2026 · Period ending May 18, 2026 · ~1 min read
Key Changes
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Ryan Hansen, 38, elevated from EVP to President after 2.5 years with company. Previously served as COO at Pearl Street Dental Partners and worked at Bain & Company.
Item 5.02 verify on EDGAR → -
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Hansen granted 50,000 performance stock units that vest only if stock hits $20 (roughly double current $10.50 price) within 5 years, aligning pay with shareholder gains.
Item 5.02 verify on EDGAR → -
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Received 75,000 stock options at $10.50 exercise price, vesting one-third annually over three years, providing upside if shares appreciate above grant price.
Item 5.02 verify on EDGAR → -
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Base salary increased 9% from $275K to $300K effective May 18, 2026. Hansen serves as at-will employee without formal employment agreement.
Item 5.02 verify on EDGAR →
Summary
FitLife Brands elevated Ryan Hansen to President on May 18, 2026, promoting him from Executive Vice President after joining the company in November 2023. The 38-year-old executive brings experience from Pearl Street Dental Partners and Bain & Company, though his relatively short tenure at FitLife (under three years) makes this a notable leadership bet by the Board.
The compensation package signals confidence while tying rewards to performance. Hansen's 50,000 PSUs only vest if the stock reaches $20—nearly double the current price—within five years, meaning he participates meaningfully only if shareholders see substantial gains. His 75,000 stock options at $10.50 provide additional upside, vesting over three years. The 9% salary bump to $300K is modest for a C-suite promotion.
Retail investors should watch for Hansen's strategic initiatives in his first 90 days as President and whether the company provides updated guidance or operational metrics that could drive the stock toward that $20 PSU threshold. The lack of an employment agreement means either party can exit without contractual constraints.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
FitLife Brands promoted EVP Ryan Hansen to President with salary increase to $300K, 75K stock options at $10.50, and 50K PSUs vesting at $20 VWAP.
Added in current filing · verify on EDGAR →
On May 18, 2026, the Board of Directors (the “Board”) of FitLife Brands, Inc. (the “Company”) appointed Ryan Hansen, who was serving as the Company’s Executive Vice President, to the position of President of the Company.
The Board promoted Ryan Hansen from Executive Vice President to President effective May 18, 2026. Hansen, 38, joined the company in November 2023 and previously served as COO at Pearl Street Dental Partners and worked at Bain & Company. This represents a leadership elevation for someone with less than three years at the company.
Added in current filing · verify on EDGAR →
50,000 performance stock units (“PSUs”). Each PSU represents a contingent right to receive one share of the Issuer's common stock upon vesting, subject to continued service. The PSUs will vest on such date that the 30 day volume weighted average price ("VWAP") for shares of the Company’s Common Stock meets or exceeds $20.00, and expire on the fifth anniversary of the grant date if not then vested.
Hansen received 50,000 PSUs that vest only if the stock's 30-day VWAP reaches $20.00 (roughly double the current price) within five years. This aligns his compensation with significant shareholder value creation, requiring approximately 90% stock appreciation for the PSUs to vest.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 25, 2026 · How we verify