How Carpenter was paid
$1.3M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|
| Jon CarpenterChief Executive Officer | $600,000 | $473,399 | $248,460 | $3,097 | $1,324,956 |
| Steve BagdasarianChief Commercial Officer | $400,000 | $270,599 | $165,640 | $3,557 | $839,796 |
| Mary Margaret CurryChief Financial Officer and Treasurer | $400,000 | $280,599 | $124,230 | $3,030 | $807,859 |
What changed and why
- $1.3MChief Executive Officer Jon Carpenter received $1,324,956 in total compensation for fiscal 2025, representing an increase from the prior year.
- Base salaries for named executive officers remained unchanged in 2025 compared to the prior year.
- Annual incentive payouts were below target due to performance falling short of established financial targets.
- Retention bonuses were awarded in 2024 and earned based on continued service in 2025.
- Stock and option awards were absent from executive compensation due to equity plan reserve limitations.
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.