How Seifert was paid
$497,500 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 | Stock | Total |
|---|---|---|---|---|
| Michael SeifertFormer President, Chief Executive Officer and Chairman of the Board | $300,000 | — | $197,500 | $497,500 |
| Randy CarlsonChief Technology Officer | $350,000 | — | $609,119 | $959,119 |
| Michael HebertFormer Senior Vice President of People | $350,000 | $126,253 | $592,500 | $1,068,753 |
What changed and why
- $498K$497,500 was Michael Seifert’s 2025 total compensation, versus $433,581 in 2024.
- $198K$197,500 of Seifert’s 2025 compensation comprised RSU grant-date fair value.
- $1.1M$1,068,753 was Michael Hebert’s 2025 total compensation, including a $126,253 bonus.
- 150,000 RSUs were granted to both Randy Carlson and Michael Hebert on February 1, 2025.
- 100%100% of participant deferrals up to 4% of compensation are matched under the Company’s 401(k) plan.
- $138K$137,500 of severance payments were provided to Hebert under his May 2026 severance agreement.
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.