How Mendez was paid
$1.2M 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 | Other | Total |
|---|---|---|---|---|---|
| Terrance E. MendezChief Executive Officer and Chief Financial Officer | $326,967 | $360,000 | $373,569 | $143,211 | $1,203,747 |
| Jeffrey KayChief Marketing Officer | $175,194 | $50,000 | $50,000 | — | $275,194 |
| James H. DennedyFormer Chief Financial Officer | $121,470 | — | — | — | $121,470 |
| Michael ReganChief Investment & Strategy Officer | $93,304 | $50,000 | $123,446 | — | $266,750 |
| Douglas BeckPrincipal Accounting Officer, Senior Vice President of Finance, Controller | $106,452 | — | $86,371 | — | $192,823 |
| Sundie SeefriedFormer Chief Executive Officer | $16,544 | — | — | $7,376 | $23,920 |
| Donnie EmmiFormer Chief Legal Officer | $126,982 | $22,500 | — | — | $149,482 |
What changed and why
- $1.2M$1,203,747 was Mendez’s 2025 total compensation, versus $72,827 in 2024.
- $360K$360,000 was Mendez’s 2025 bonus, alongside $373,569 in stock awards.
- $0.5MJanuary 1, 2026 increased Mendez’s annual base salary to $0.5 million.
- 100%100% of base salary was Mendez’s maximum annual cash bonus opportunity.
- February 28, 2025 marked Seefried’s resignation as co-Chief Executive Officer.
- June 6, 2025 marked Dennedy’s resignation as Chief Financial Officer and Emmi’s resignation as Chief Legal Officer.
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.