How Combs was paid
$1.2M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|
| Michael G. CombsChairman of the Board, Chief Executive Officer and President | $651,442 | $95,669 | $441,306 | $3,262 | $1,191,679 |
| Mark E. BertelsExecutive V.P., Risk Management Services | $290,579 | $112,057 | $91,304 | $2,860 | $496,799 |
| Maxim ShishinChief Information Officer | $300,883 | $120,140 | $132,718 | $2,879 | $556,620 |
| Brandon T. O’BrienChief Financial Officer | $284,504 | $83,987 | $103,788 | $2,848 | $475,127 |
| Jennifer L. YossV.P., Accounting | $212,864 | $64,001 | $48,573 | $2,439 | $327,877 |
What changed and why
- $1.2M$1,191,679 was CEO total compensation in 2025, compared with $966,969 in 2024.
- $95,669$95,669 was the CEO’s option-award value; no stock awards were reported.
- $441K$441,306 was the CEO’s annual cash incentive compensation.
- $61,86319:1 was the CEO-to-median-employee pay ratio, based on median employee compensation of $61,863.
- 92%92% of votes supported executive compensation at the 2023 annual meeting.
- No significant changes were made to the overall compensation program in fiscal 2025.
Other Corvel proxy statements
- 2026 proxy statement
Michael G. Combs paid $1.3M (+8% on the year), pay ratio 20:1.
Filed Jun 26, 2026
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.