How Thaysen was paid
$11M in total for fiscal 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 |
|---|---|---|---|---|---|---|
| Jacob ThaysenChief Executive Officer | $1,000,000 | — | $8,763,122 | $1,155,000 | $100,773 | $11,018,895 |
| Ankur DhingraChief Financial Officer | $650,000 | — | $3,092,079 | $325,325 | $10,667 | $4,078,071 |
| Steve BarnardChief Technology Officer | $600,000 | — | $2,562,176 | $300,300 | $17,676 | $3,480,152 |
| Kevin PegelsChief of Global Operations | $575,000 | — | $2,297,028 | $287,788 | $20,204 | $3,180,020 |
| Everett CunninghamFormer Chief Commercial Officer | $650,000 | $500,000 | $2,871,220 | — | $65,881 | $4,087,101 |
What changed and why
- Management recommended suspending salary increases and reducing equity grants due to abrupt financial headwinds early in fiscal 2025.
- 91%Stockholders approved the prior say-on-pay proposal with 91 percent support at the 2025 annual meeting.
- 125%CEO target annual cash incentive percentage increased from 125 percent to 150 percent of base salary in 2025.
- 77%Annual VCP funding achieved a below-target level of 77 percent based on revenue and operating income performance.
- Salary increases and equity grant amounts were fully restored to previously established levels for fiscal 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.