How McCormick was paid
$2.5M 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 | Bonus | Options | Total |
|---|---|---|---|---|
| James McCormickChief Executive Officer and Chairman of the Board of Directors | $43,333 | $40,000 | $2,434,432 | $2,517,765 |
| Sheldon Richard BentleyFormer Chief Executive Officer and former Director | $185,966 | $95,000 | $2,200,000 | $2,480,966 |
| Greg SmithermanChief Financial Officer | $161,667 | $60,000 | $506,001 | $727,688 |
| Gregory RayzmanChief Technology Officer | $158,333 | — | $616,000 | $774,333 |
What changed and why
- 2,517,765 was CEO James McCormick's total compensation in 2024, including 2,434,432 in option awards.
- 2,200,000 was former CEO Sheldon Bentley's option-award compensation in 2024.
- September 2024 wage reductions lowered named executive salaries to 35,000 annually during the deferral period.
- 6,300,000 Series 1 financing closed January 29, 2025, triggering restoration of McCormick's salary to 295,000.
- 2024 bonuses were awarded in March 2025 and are payable in equal biweekly installments through December 31, 2025.
- Going forward, the company may introduce restricted stock units and other equity compensation forms.
Other Cloudastructure proxy statements
- 2026 proxy statement
James McCormick paid $394,656 (-84% on the year).
Filed Jun 02, 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.