Dallas-based Tuesday Morning (NASDAQ:TUES) has a new CEO.
On Tuesday -- appropriately -- Tuesday Morning announced the selection of interim chief executive officer Michael Rouleau as CEO. Rouleau, who joined the board in November 2012, had served as interim CEO since March, after Brady Churches stepped down after six months on the job.
Chairman of the Board Steven R. Becker described Rouleau's confirmation as the result of "a comprehensive CEO search ... which served to affirm the supremacy of Michael's experience, leadership and extraordinary track record." Becker was quoted in the company press release as being "very pleased with the Company's progress under his interim leadership."
In a filing with the SEC, Tuesday Morning advised that it will be paying Rouleau an annual salary of $560,000, plus:
- a signing bonus of $575,000
- 350,000 stock options, vesting over two years
- 30,000 shares of restricted stock, vesting over one year.