How Lancaster was paid
$179,150 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 | Other | Total |
|---|---|---|---|---|
| Phil LancasterFormer Chief Executive Officer | $191,154 | $120,000 | $13,485 | $324,639 |
| Bernard LancasterChief Operating Officer | $150,000 | $25,000 | $4,150 | $179,150 |
| Mark LaytonChief Financial Officer and Secretary | $500,000 | $50,000 | $10,385 | $560,385 |
What changed and why
- $500K$500,000 was Mark Layton’s 2025 salary, compared with $444,038 in 2024.
- $120K$120,000 was Phil Lancaster’s 2025 bonus, consisting of monthly $20,000 bonuses.
- $50,000$50,000 and $25,000 were discretionary bonuses paid to Mark Layton and Bernard Lancaster in March 2026.
- June 30, 2025 marked Phil Lancaster’s resignation as CEO; Bernard Lancaster became CEO effective July 1, 2025.
- No equity awards were outstanding for the named executives at December 31, 2025.
- Adjusted EBITDA from continuing operations is the company’s primary meaningful performance measure.
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.