How M.D. was paid
$1.3M in total for 2024, 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|
| Marc H. Hedrick, M.D.President and Chief Executive Officer | $556,400 | $335,348 | $321,321 | $47,216 | $1,260,285 |
| Andrew SimsChief Financial Officer | $372,750 | $74,758 | $156,555 | $17,053 | $621,116 |
| Norman LaFrance, M.D.Former Chief Medical Officer | $258,446 | — | $27,466 | — | $285,912 |
What changed and why
- $1.3M$1,260,285 CEO total compensation increased from $1,134,027 in 2023.
- $335K$335,348 CEO option awards increased from $188,692 in 2023.
- 105%105% corporate-goal achievement produced the CEO’s $321,321 performance bonus.
- 55%55% CEO target bonus remained tied entirely to corporate objectives.
- 105%$156,555 CFO incentive compensation reflected 105% corporate and individual goal attainment.
- Norman LaFrance stepped down as Chief Medical Officer on June 11, 2024.
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.