Subsequent Events |
6 Months Ended |
|---|---|
May 31, 2018 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS
On June 20, 2018, the Company granted incentive stock options to fourteen employees. The awards were for an aggregate of 270,000 option shares with an exercise price of $2.85 per share, the closing market price as of that day. The options vest in equal 20% increments commencing one year after the date of grant, and for each of the four subsequent anniversaries of such date. The options expire on June 19, 2028.
On June 20, 2018, the Board of Directors approved the following director compensation: $20,000 per annum for non-executive directors, to be paid quarterly and in arrears, $1,000 for each meeting attended in person and $500 for each meeting attended by telephone. The Board of Directors also approved an annual fee of $75,000 each, to be paid quarterly and in arrears, for the Vice Chairman of the Board and the Chairman of the Audit
Committee. Brent Funston was elected by the Board of Directors at that meeting as Vice Chairman of the Board. Brent Funston is the son of Lance Funston, the Company's Chairman of the Board and Chief Executive Officer.
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