How Ives was paid
$1.4M 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 |
|---|---|---|---|---|---|
| Glen R. IvesCEO | $304,500 | $1,108,277 | — | $16,104 | $1,428,881 |
| David T. BellCFO | $289,167 | $262,453 | $47,917 | $33,029 | $632,566 |
| Andrew MerrimanCOO | $275,000 | $662,057 | — | $33,447 | $970,504 |
What changed and why
- $1.8MCEO total compensation decreased from $1,775,039 in 2024 to $1,428,881 in 2025.
- Performance metric thresholds for the CEO incentive bonus were not achieved for 2025.
- CFO employment agreement expired on April 30, 2025 and transitioned to at-will employment.
- The company amended the stock incentive plan to increase reserved shares to 13,000,000.
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.