SolarMax Technology (SMXT) executive compensation, 2025 proxy

David Hsu, Chief executive officer, was paid $737,924 in 2024, down 4% from $771,486 the year before.

Filed
October 14, 2025
Annual meeting
November 10, 2025
Pay year
2024
Named executives
2
CEO total pay
$737,924-4% vs prior year
Hsu 2025 annual rate
$760,062Stated in employment agreement
Hsu stock bonus share
70%Remaining 30% paid in cash
Brown cash bonus
$105,000Awarded in 2024
Hsu deferred compensation
$1,712,770Outstanding at year-end
Hsu option award
1,428,432 sharesExercise price $5.01

How Hsu was paid

$737,924 in total for 2024, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary100%

Named executive officers

ExecutiveTotal
David HsuChief executive officer$737,924
Stephen BrownChief financial officer$468,489

What changed and why

  • $738K$737,924 was David Hsu’s 2024 total compensation, down from $771,486 in 2023.
  • $468K$468,489 was Stephen Brown’s 2024 total compensation, including a $105,000 cash bonus.
  • $760K$760,062 was Hsu’s annual compensation rate for 2025, up from $737,924 in 2024.
  • 70%70% of Hsu’s annual bonus is payable in restricted stock and 30% in cash.
  • 1.00%Hsu’s bonus is tied to consolidated revenue, with rates ranging from $250,000 to 1.00%.
  • $1.7M$1,712,770 of Hsu’s salary and bonuses remained deferred at December 31, 2024.

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.