How Smith was paid
$451,000 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 | Options | Total |
|---|---|---|---|
| Mark A. SmithChief Executive Officer, President | $325,000 | $126,000 | $451,000 |
| Scott HonanChief Operating Officer | $280,000 | $84,000 | $364,000 |
| Neal ShahChief Financial Officer and Corporate Secretary | $250,000 | $84,000 | $334,000 |
What changed and why
- $451KChief executive officer total compensation decreased to $451,000 for fiscal year 2025 compared to $966,250 in fiscal year 2024.
- No cash bonuses were contemplated, approved, or paid to named executive officers for fiscal year 2025.
- Option awards granted in fiscal year 2025 were fully vested on the grant date.
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.