MONTVALE, N.J. — Sam Martin has accepted an offer of $1.2 million annually to remain as the chief executive officer of A&P upon its emergence from Chapter 11, court papers showed. Martin — along with most of his current senior executive team — is set to remain in place as A&P exits Chapter 11 bankruptcy and continues as a private company with new owners. Martin will receive an annual salary of $1.2 million and agreed to a sign-on bonus of $720,000 to be paid by ...
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