Speedlogix also announces the launch of Speedlogix Racing, its new motorsports division to sponsor and support the TA2 Dodge Challengers.
Driven by the current 2016 Trans Am TA2 Rookie of the Year points leader Louis-Philippe Montour, the #77 Speedlogix Dodge Challenger will make its racing debut at Brainerd International Raceway for the Ryan Companies Independence Day Classic, July 2-3, 2016, with brand new livery featuring the iconic Speedlogix racing stripes in their vibrant purple and green company colors.
As a result, boards were forced to resort to more subtle ways of compensating their senior executives.
It was out of this bag of tricks that the gross up emerged.
The goal was to prevent "greedy" executives from reaping huge windfalls upon a change in control of a business.
However, the practice of offering gross ups didn't really become popular until the late '90s and early '00s.
That's because employee stock options (ESOs) were the preferred method of lining executives' pockets. Stock options were a form of potentially vast compensation that could be realized over a short period of time - typically a couple of years.
Additionally, our racing collaboration is centered around the Dodge racing enthusiasts, which I have also been involved with for some years having raced in the Viper Cup." The Speedlogix #77 Dodge Challenger will compete for the Trans Am Championship and driver Rookie of the Year Championship at the remaining 2016 events, as follows: Brainerd International Raceway - Brainerd, Minnesota - July 2-3 Mid-Ohio Sports Car Course - Lexington, Ohio - August 11-13 Road America - Elkhart Lake, Wisconsin - August 25-27 Virginia International Raceway - Alton, Virginia - September 23-24 Homestead-Miami Speedway - Homestead, Florida - October 8-9 NOLA Motorsports Park - Avondale, Louisiana - October 14-15 Circuit of The Americas - Austin, Texas - November 3-5 Daytona International Speedway - Daytona Beach, Florida - November 10-12 About Speedlogix Speedlogix is the leader in aftermarket performance parts for the Dodge Challenger as well as most other Dodge, Jeep and Mopar-powered performance vehicles.
Founded in 2006, Speedlogix sells products from all the leading manufacturers, and has also created a complete catalog of their own performance and appearance products, including a line of billet suspension components and engine dress-up accessories.