How Thompson was paid
$6.8M in total for fiscal YE December 31, 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 | Options | Other | Total |
|---|---|---|---|---|---|---|
| Jeffrey ThompsonChief Executive Officer and President | $137,500 | $125,000 | — | $6,543,000 | $10,906 | $6,816,406 |
| Leah LungerFormer Chief Financial Officer | $6,969 | — | — | — | — | $6,969 |
| Geoffrey HitchcockChief Revenue Officer | $230,000 | — | — | — | — | $230,000 |
| Chris EricsonChief Operating Officer | $184,583 | — | $421,000 | — | $19,604 | $625,187 |
What changed and why
- Chief Executive Officer Jeffrey Thompson agreed to reduce his base salary to zero dollars effective May 20, 2025.
- $6.8MTotal compensation for the chief executive officer increased to $6,816,406 in fiscal 2025 due to option grants.
- $6.5MOption awards of $6,543,000 were granted to the chief executive officer in lieu of cash salary and to incentivize performance.
- Discretionary cash bonuses were awarded to executives based on company operational performance.
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.