How Jr. was paid
$906,047 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 | Other | Total |
|---|---|---|---|---|---|
| Nicholas S. Schorsch, Jr.Chief Executive Officer | $356,669 | $298,949 | $199,200 | $51,229 | $906,047 |
| Michael AndersonFormer Chief Executive Officer | $0 | $138,536 | $0 | $36,719 | $175,255 |
| Michael LeSantoChief Financial Officer | $250,000 | $35,000 | $59,760 | $20,516 | $365,276 |
What changed and why
- $906KChief Executive Officer Nicholas S. Schorsch, Jr. received total compensation of $906,047 for fiscal 2025.
- $175KFormer Chief Executive Officer Michael Anderson received total compensation of $175,255 following his resignation in March 2025.
- $365KChief Financial Officer Michael LeSanto received total compensation of $365,276 for the fiscal year.
- Named executive officers were granted an aggregate of 26,000 restricted shares under the Individual Plan during fiscal 2025.
- The company has no employees, as executive compensation represents reimbursed allocable shares paid by the advisor.
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.