How Smith was paid
$3.3M in total for fiscal 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 | Options | Other | Total |
|---|---|---|---|---|---|
| Hezy ShakedExecutive Chairman of the Board | $543,846 | — | $47,830 | $23,077 | $614,753 |
| Nathan M. SmithPresident and Chief Executive Officer | $461,538 | $400,000 | $2,251,629 | $140,161 | $3,253,328 |
| Michael L. HenryExecutive Vice President, Chief Financial Officer | $476,765 | — | $47,830 | — | $524,595 |
| Michael J. CingolaniExecutive Vice President, Chief Merchandising Officer | $350,000 | — | $29,894 | $39,126 | $419,020 |
What changed and why
- $1MNathan M. Smith joined as President and Chief Executive Officer effective August 18, 2025 with an annual base salary of $1,000,000.
- $400KMr. Smith received a sign-on bonus of $400,000 and relocation reimbursements of $129,084.
- No formal bonus plan was established for NEOs for fiscal 2025 due to net losses, resulting in zero cash bonuses paid.
- $650KMr. Shaked voluntarily reduced his base salary from $650,000 to $375,000 effective January 22, 2026.
- $2.19Stock option grants were awarded to NEOs on April 2, 2025, with exercise prices set at $2.19.
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.