How Forkey was paid
$1.1M 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 | Options | Total |
|---|---|---|---|---|
| Dr. Joseph N. ForkeyDirector, Chief Executive Officer, President and Treasurer | $270,359 | $94,200 | $742,000 | $1,106,559 |
| Wayne M. CollChief Financial Officer, Secretary | $301,584 | — | $185,500 | $487,084 |
| Mahesh LawandeFormer Chief Operating Officer | $275,552 | — | $148,400 | $423,952 |
What changed and why
- $1.1MDr. Joseph N. Forkey received a total compensation of $1,106,559 in fiscal 2025, up from $251,032 in fiscal 2024.
- $251KDr. Forkey's base salary increased from $251,032 to $270,359 in fiscal 2025.
- $94,200Dr. Forkey received a performance bonus of $94,200 paid in 20,000 shares of common stock.
- $742KOption awards for Dr. Forkey totaled $742,000 following a stock option grant for 200,000 shares.
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.