How Bates was paid
$1.6M 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 | Bonus | Stock | Total |
|---|---|---|---|---|
| Jonathan BatesFormer Chief Executive Officer | $300,000 | $935,000 | $367,740 | $1,602,740 |
| Raymond MowChief Financial Officer | $120,000 | $425,000 | $466,273 | $1,011,273 |
| Erik NelsonPresident | $120,000 | $170,000 | $466,273 | $756,273 |
What changed and why
- $1.6MJonathan Bates received $1,602,740 in total compensation for fiscal year 2025.
- $1MRaymond Mow received a total compensation of $1,011,273 for fiscal year 2025.
- $756KErik Nelson received a total compensation of $756,273 for fiscal year 2025.
- The company proposed the 2025 Omnibus Incentive Plan with 15,400,000 shares reserved.
- Employment agreements signed on September 1, 2025 increased executive base salaries.
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.