How Morrison was paid
$1.6M 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 | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Jodie MorrisonChief Executive Officer and Director | $645,600 | $335,280 | $220,792 | $355,080 | $2,118 | $1,558,870 |
| Lee KalowskiChief Financial Officer and President | $565,000 | $135,255 | $59,122 | $226,000 | $1,770 | $987,147 |
| Shelia Violette, Ph.D.Chief Scientific Officer | $455,000 | $95,250 | $37,312 | $182,000 | $4,884 | $774,446 |
What changed and why
- $1.6MChief executive officer total compensation decreased to $1,558,870 in fiscal 2025.
- Base salaries for named executive officers remained unchanged in 2025.
- Stock option awards reflect fair value determined under ASC Topic 718.
- Annual bonuses were paid based on corporate performance goals determined by the Board of Directors.
- Board of Directors approved an option repricing in February 2025 for underwater options.
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.