IASG bonus packages announced

SSN Staff  - 
Thursday, January 11, 2007

ALBANY, N.Y.--Integrated Alarm Services Group announced Jan. 9 that Michael Moscinski, chief financial officer since 2003, will receive a $450,000 bonus subsequent to the merger with Protection One. Moscinski's annual salary is $157,000.
According to documents filed with the U.S. Securities and Exchange Commission, Moscinski will remain with the company for up to six months following the merger with Pro One and will receive his current monthly pay. The terms of the bonus package also include a two-year non-competition and non-solicitation agreement.
In late December, IASG also announced that Charles "Chick" May, interim CEO since May of last year, will receive a bonus of $105,000 after the merger.