How Simmes was paid
$6.2M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Jeffrey L. GendellExecutive Chairman | $925,000 | — | $952,674 | $1,470,433 | — | $3,348,107 |
| Matthew J. SimmesPresident & Chief Executive Officer | $793,750 | — | $772,182 | $4,632,012 | $5,454 | $6,203,398 |
| Tracy A. McLauchlinSVP & Chief Financial Officer | $550,000 | — | $509,623 | $580,003 | $7,000 | $1,646,626 |
| Mary NewmanSVP, Chief Administrative Officer & General Counsel | $500,000 | — | $386,235 | $461,550 | $1,333 | $1,349,118 |
| Matthew AllenChief Technical Officer | $363,590 | $297,693 | $128,554 | — | $5,454 | $795,291 |
What changed and why
- $6.2MCEO total compensation decreased to $6,203,398 in fiscal 2025 from $7,326,376 in fiscal 2024.
- $772KStock awards for the CEO totaled $772,182 based on grant date fair value.
- $4.6MNon-equity incentive plan compensation for the CEO was $4,632,012 for the year.
- The ratio of the CEO annual total compensation to the median employee pay was 110 to 1.
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.