Alpha Modus Holdings, Inc. (NASDAQ:AMOD), a company specializing in patent ownership and leasing, announced the appointment of Thomas Gallagher as their Chief Revenue Officer. The announcement, made today, follows the company's entry into a material definitive agreement and the appointment of new board members earlier this month.
Gallagher, 64, joins Alpha Modus with a wealth of experience in technology sector sales and leadership. His previous roles include Senior Vice President at Zones, VP Sales at DXC for the Americas, and Chief Sales Officer at Capgemini NA, where he focused on Cloud Infrastructure Services. Gallagher's career also spans senior sales positions at IBM (NYSE:IBM), HP/EDS, and AT&T (NYSE:T). An alumnus of the United States Naval Academy with a degree in Systems Engineering, Gallagher served five years as a Captain in the Marine Corps.
As part of his employment agreement effective January 2, 2025, Gallagher will receive an annual base salary of $175,000 and $250,000 in company common stock, issued quarterly. Additionally, he is eligible for performance-based bonuses and long-term incentive awards. Should Gallagher's employment be terminated without cause before the end of the one-year term, he will be entitled to severance pay.
In related news, Alpha Modus also entered into agreements with non-employee board members Gregory Richter, Michael Garel, Scott Wattenberg, and William Ullman. These agreements include indemnification to the broadest extent permitted by law and compensation in both common stock and cash, totaling $125,000 annually for each director.
These strategic moves come after Alpha Modus' business combination with Alpha Modus Corp. on December 13, 2024, signaling a new phase of growth and leadership structure for the company. The details of these agreements are outlined in exhibits attached to the SEC filing, which serves as the source of this information.
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