How Renda was paid
$1.7M 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 |
|---|---|---|---|---|---|
| Frank S. RendaPresident and Chief Executive Officer | $750,000 | — | $649,997 | $283,429 | $1,683,426 |
| Tim WinnCo-Chief Operating Officer Executive Vice President | $500,000 | — | $299,998 | $303,906 | $1,103,904 |
| Rudy V. RendaCo-Chief Operating Officer and Executive Vice President | $500,000 | — | $299,998 | $256,141 | $1,056,139 |
| Keith BassanoChief Financial Officer and Treasurer | $325,596 | $175,000 | $355,000 | $65,150 | $920,746 |
| Cody GallardaChief Financial Officer, Executive Vice President and Treasurer | $152,019 | — | — | $60,956 | $212,975 |
What changed and why
- $1.7MFrank S. Renda received a total compensation of $1,683,426 in 2025, representing a decrease from $2,579,472 in 2024.
- $750KAnnual base salaries for executive officers were set at $750,000 for the CEO and $500,000 for chief operating officers.
- Annual cash bonuses for 2025 were discretionary, with zero paid to Frank S. Renda, Tim Winn, and Rudy V. Renda.
- $175KKeith Bassano was appointed Chief Financial Officer and Treasurer effective March 28, 2025, receiving a bonus of $175,000.
- Performance target criteria for certain performance stock units were not achieved for 2024 and 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.