How Christenson was paid
$4.1M 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 | Stock | Other | Total |
|---|---|---|---|---|
| Michael ChristensonChief Executive Officer | $500,000 | $3,591,263 | $7,671 | $4,098,934 |
| Mark BoelkeChief Financial Officer and Treasurer | $500,000 | $1,116,975 | $23,308 | $1,640,283 |
| Jeffery LibermanPresident and Chief Operating Officer | $500,000 | $1,116,975 | $24,720 | $1,641,695 |
What changed and why
- $4.1MChief executive officer total compensation increased to $4,098,934 in fiscal year 2025.
- 47%Base salaries for named executive officers were reduced by up to 47% in January 2025.
- The 2025 cash bonus plan was completely suspended with no target opportunities.
- Equity compensation was weighted more heavily to align with long-term stockholder value.
- 99%Prior say-on-pay advisory vote received approximately 99% support from stockholders.
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.