MPAA extends CEO employment through 2029 with 9% annual salary increases

Filed July 2, 2026 · Period ending June 26, 2026 · ~1 min read

Key Changes

• medium

  CEO Selwyn Joffe's employment agreement extended two years to July 1, 2029 (previously July 1, 2027), providing executive continuity through mid-2029.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  CEO salary increases 9.0% to $902,799 effective June 26, 2026, then another 9.0% to $984,050 effective April 1, 2027 (from current $828,256).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →