How Schwan was paid
$297,659 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.
Named executive officers
| Executive | Salary | Stock | Other | Total |
|---|---|---|---|---|
| Frank CesarioChief Executive Officer | $250,000 | $85,500 | — | $335,500 |
| Jana M. SchwanChief Operating Officer | $239,500 | $48,657 | $9,500 | $297,659 |
What changed and why
- $298K$297,659: Schwan's 2024 total compensation, compared with $248,666 in 2023.
- 2024: Schwan became CEO, although the compensation table lists her as Chief Operating Officer.
- 250,000 restricted shares were granted to Schwan; 25,000 vested over one month.
- $250K$250,000 performance-based cash incentive was available to Schwan but was not guaranteed.
- Performance vesting depends on EBITDA, share price, continued employment, and refinancing conditions.
- November 2024: Cesario resigned as CEO and Acting Chief Financial Officer.
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.