How Laun was paid
$337,550 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 | Stock | Other | Total |
|---|---|---|---|---|
| Marcus LaunInterim Chief Executive Officer, Interim Chief Financial Officer, President | $225,000 | $83,800 | $28,750 | $337,550 |
| David SealockFormer Chief Executive Officer | $150,000 | — | $103,131 | $253,131 |
| Darryl DelwoFormer Chief Financial Officer | $112,500 | — | — | $112,500 |
| Matthew FlemmingExecutive Chairman | $20,833 | $167,600 | $72,000 | $260,433 |
What changed and why
- $338K$337,550: Marcus Laun’s 2025 total compensation, compared with $206,250 in 2024.
- $225K$225,000: Laun’s annual base salary was increased to this amount in May 2022.
- $100K$100,000 and $125,000: Post-year-end discretionary cash awards approved for Laun and Flemming, respectively; not included in the table.
- No discretionary cash awards were granted to named executives in fiscal 2025.
- Laun’s and Flemming’s annual bonuses are subject to performance goals, milestones and objectives.
- 200,000 restricted shares were awarded to Laun and 550,000 to Flemming during 2025.
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.