How McCormick was paid
$394,656 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 | Options | Total |
|---|---|---|---|---|
| James McCormickChief Executive Officer and Chairman of the Board of Directors | $283,793 | $110,313 | $550 | $394,656 |
| Greg SmithermanChief Financial Officer | $247,841 | $166,875 | $550 | $414,266 |
| Gregory RayzmanChief Technology Officer | $196,648 | $81,563 | $550 | $276,760 |
What changed and why
- $395K$394,656: McCormick's 2025 total compensation, compared with $2,517,765 in 2024.
- $295K$295,000: McCormick's base salary after the company closed a preferred equity financing in January 2025.
- $550$550: Each named executive officer's 2025 option award grant-date fair value.
- $4M$4,000,000: Financing threshold triggering a stay bonus under the Wage Reduction Agreement.
- 25%25%: Smitherman's eligible annual performance bonus under his employment agreement.
- Four years: Typical vesting period for granted options, with an initial one-year cliff.
Other Cloudastructure proxy statements
- 2025 proxy statement
James McCormick paid $2.5M.
Filed Jul 22, 2025
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.