How Shafer was paid
$5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Steve ShaferPresident and Chief Executive Officer | $965,750 | $2,678,044 | $1,068,000 | $248,656 | $4,960,450 |
What changed and why
- Steve Shafer assumed the role of president and chief executive officer in July 2025.
- $5MTotal compensation for the chief executive officer reached $4,960,450 for the 2025 fiscal year.
- 85%Variable compensation comprised approximately 85% of total target compensation for the chief executive officer.
- 94%Stockholders approved the compensation of named executive officers by approximately 94% of votes cast.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.