How Cerminara was paid
$633,500 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 | Stock | Other | Total |
|---|---|---|---|---|---|
| D. Kyle CerminaraChief Executive Officer | — | — | $458,500 | $175,000 | $633,500 |
| Mark D. RobersonChief Financial Officer | $333,333 | $40,000 | — | $9,550 | $382,883 |
| Todd R. MajorChief Accounting Officer | $270,833 | $40,000 | — | $8,050 | $318,883 |
| Larry G. Swets, Jr.Former President & Chief Executive Officer | $550,000 | — | — | $43,015 | $593,015 |
| Hassan R BaqarFormer Executive Vice President and Chief Financial Officer | — | — | $458,500 | $480,000 | $938,500 |
What changed and why
- $634K$633,500 was CEO D. Kyle Cerminara’s 2024 total compensation, compared with $539,000 in 2023.
- $459K$458,500 of CEO compensation consisted of restricted stock units granted for 2023 performance.
- $175K$175,000 of CEO all-other compensation reflected director compensation because Cerminara received no employee compensation.
- February 29, 2024 leadership changes appointed Cerminara CEO and Roberson CFO, while Swets became merchant banking head.
- $40,000$40,000 cash bonuses were paid to Roberson and Major for work completing the Company-SGE merger.
- $150K$150,000 was Roberson’s annual bonus target under his Company employment agreement.
Other FG Nexus proxy statements
- 2026 proxy statement
D. Kyle Cerminara paid $1.4M (+121% on the year).
Filed Oct 09, 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.