Lite Strategy (LITS) executive compensation, 2025 proxy

Justin J. File, Acting Chief Executive Officer, Chief Financial Officer, was paid $912,667 in 2025, up 48% from $614,700 the year before. The CEO-to-median-employee pay ratio was 2.6:1, on median employee pay of $350,117.

Filed
December 30, 2025
Annual meeting
February 12, 2026
Pay year
2025
Named executives
3
CEO total pay
$912,667+48% vs prior year
CEO to median employee
2.6:1median $350,117
Prior say-on-pay support
82%of votes cast
CEO Target Bonus
50%Percentage of base salary
CEO Salary Increase
$575,000Effective October 1, 2025

How File was paid

$912,667 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.

Salary59%Non-equity incentive41%

Named executive officers

ExecutiveTotal
Justin J. FileActing Chief Executive Officer, Chief Financial Officer$912,667
David M. UrsoFormer President and Chief Executive Officer$934,046
Richard G. GhalieFormer Chief Medical Officer$708,134

What changed and why

  • $913KJustin J. File total compensation increased to $912,667 in fiscal year 2025 following his appointment as Acting CEO.
  • David M. Urso and Richard G. Ghalie departed from their executive roles in August 2024 and received separation and consulting packages.
  • No equity awards were granted to any named executive officers during fiscal year 2025.
  • 82%Stockholders approved the prior say-on-pay proposal with approximately 82% of the votes cast in favor.

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.