Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
Performance Sports Group, formerly known as Bauer Performance Sports, disclosed last month that it is under investigation by the SEC, and has hired investigators to probe its accounting practices. (Frank Gunn/CP)
Performance Sports Group, formerly known as Bauer Performance Sports, disclosed last month that it is under investigation by the SEC, and has hired investigators to probe its accounting practices. (Frank Gunn/CP)

Performance Sports Group CEO swaps stock for cash amid uncertainty Add to ...

Subscribers Only

The chief executive officer of Performance Sports Group Ltd. is swapping his initial grant of stock units and options for cash at a time when the sporting goods company’s financial status is uncertain and its accounting practices are under review.

Harlen Kent, who became CEO of PSG on June 20, has had his annual base salary doubled to $1.5-million (U.S.) from $750,000 instead of receiving the stock-based compensation that was originally agreed upon, according to a regulatory filing PSG made on Thursday with the U.S. Securities and Exchange Commission.

Report Typo/Error

Follow on Twitter: @chris_pelle

Also on The Globe and Mail

Dropping the puck in Sin City (BNN Video)

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular