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Executive Compensation Table
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($)(1) |
| |
Option
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Non-Qualified
Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($)(2) |
| |
Total
($) |
| |||||||||||||||||||||||||||
Lester R. Brafman
|
| | | | 2023 | | | | | | 655,200 | | | | | | 1,166,000 | | | | | | 142,847(6) | | | | | | — | | | | | | — | | | | | | — | | | | | | 49,778 | | | | | | 2,013,825 | | |
Chief Executive Officer(3)
|
| | | | 2022 | | | | | | 630,000 | | | | | | 2,120,000 | | | | | | 178,506(7) | | | | | | — | | | | | | — | | | | | | — | | | | | | 48,665 | | | | | | 2,977,171 | | |
Daniel G. Cohen
|
| | | | 2023 | | | | | | 655,200 | | | | | | 1,166,000 | | | | | | 142,847(8) | | | | | | — | | | | | | — | | | | | | — | | | | | | 40,018 | | | | | | 2,004,065 | | |
Executive Chairman(4)
|
| | | | 2022 | | | | | | 630,000 | | | | | | 2,120,000 | | | | | | 178,506(9) | | | | | | — | | | | | | — | | | | | | — | | | | | | 50,390 | | | | | | 2,978,896 | | |
Joseph W. Pooler, Jr.
|
| | | | 2023 | | | | | | 481,600 | | | | | | 437,800 | | | | | | 104,935(10) | | | | | | — | | | | | | — | | | | | | — | | | | | | 37,297 | | | | | | 1,061,632 | | |
Executive Vice President, Chief
Financial Officer & Treasurer(5) |
| | | | 2022 | | | | | | 463,000 | | | | | | 637,501 | | | | | | 131,130(11) | | | | | | — | | | | | | — | | | | | | — | | | | | | 36,159 | | | | | | 1,276,790 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Equity
Incentive Plan Awards; Number of Securities Underlying Unexercised Unearned Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares of Stock or Units That Have Not Vested (#) |
| |
Market
Value of Shares of Stock or Units That Have Not Vested ($)(1) |
| |
Equity
Incentive Plan Awards; Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) |
| |||||||||||||||||||||||||||
Lester R. Brafman
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | |
|
(2)
|
| | | | | 2,236,169 | | | | | | — | | | | | | — | | |
Joseph W. Pooler, Jr.
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 41,334(3) | | | | | | 274,871 | | | | | | — | | | | | | — | | |
Daniel G.Cohen
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,362,670(4) | | | | | | 2,236,176 | | | | | | — | | | | | | — | | |
| | |
(a)
|
| |
(b)
|
| |
(c)
|
| |||||||||
Plan Category
|
| |
Number of
securities to be issued upon the exercise of outstanding options, warrants and rights |
| |
Weighted-
average exercise price of outstanding options, warrants and rights |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
| |||||||||
Equity compensation plans approved by security holders
|
| | | | — | | | | | | — | | | | | | 579,391 | | |
Equity compensation plans not approved by security
holders |
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | | | | | | | | | | | | | 579,391 | | |
Year
|
| |
Summary
compensation table total for CEO(1) ($) |
| |
Compensation
actually paid to CEO(2) ($) |
| |
Average
summary compensation table total for non-CEO named executive officers(3) ($) |
| |
Average
compensation actually paid to non-CEO named executive officers(4) ($) |
| |
Value of
initial fixed $100 investment based on total shareholder return(5) ($) |
| |
Net
income(6) ($) |
| ||||||||||||||||||
(a)
|
| |
(b)
|
| |
(c)
|
| |
(d)
|
| |
(e)
|
| |
(f)
|
| |
(g)
|
| ||||||||||||||||||
2023
|
| | | | 2,013,825 | | | | | | 1,730,332 | | | | | | 1,532,849 | | | | | | 1,380,977 | | | | | | 93 | | | | | | (5,113,000) | | |
2022
|
| | | | 2,977,171 | | | | | | 512,733 | | | | | | 2,123,343 | | | | | | 829,953 | | | | | | 64 | | | | | | (13,389,900) | | |
2021
|
| | | | 12,462,232 | | | | | | 7,548,462 | | | | | | 7,446,566 | | | | | | 4,950,877 | | | | | | 93 | | | | | | 11,808,000 | | |
Year
|
| |
Reported
Summary Compensation Table Total for CEO ($) |
| |
Deduct Reported
Value of Equity Awards(A) ($) |
| |
Add Equity
Award Adjustments(B) ($) |
| |
Compensation
Actually Paid to CEO ($) |
| ||||||||||||
2023
|
| | | | 2,013,825 | | | | | | 142,847 | | | | | | (140,647) | | | | | | 1,730,332 | | |
2022
|
| | | | 2,977,171 | | | | | | 178,506 | | | | | | (2,285,932) | | | | | | 512,733 | | |
2021
|
| | | | 12,462,232 | | | | | | 4,586,673 | | | | | | (327,097) | | | | | | 7,548,462 | | |
Year
|
| |
Year End Fair
Value of Outstanding and Unvested Equity Awards Granted in the Year ($) |
| |
Change in
Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) |
| |
Fair Value as
of Vesting Date of Equity Awards Granted and Vested in the Year ($) |
| |
Change in
Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(a) |
| |
Fair Value at
the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) |
| |
Value of
Dividends or other Earnings Paid on Stock or Option Awards Prior to the Vesting Date Not Otherwise Reflected in Fair Value or Total Compensation ($) |
| |
Service Costs
and Prior Service Costs ($) |
| |
Total
Equity Award Adjustments ($) |
| ||||||||||||||||||||||||
2023
|
| | | | 140,315 | | | | | | (532,631) | | | | | | — | | | | | | 47,424 | | | | | | — | | | | | | 204,245 | | | | | | — | | | | | | (140,647) | | |
2022
|
| | | | 175,974 | | | | | | (2,528,793) | | | | | | — | | | | | | 29,310 | | | | | | — | | | | | | 37,577 | | | | | | — | | | | | | (2,285,932) | | |
2021
|
| | | | 312,476 | | | | | | (680,703) | | | | | | — | | | | | | 35,630 | | | | | | — | | | | | | 5,500 | | | | | | — | | | | | | (327,097) | | |
Year
|
| |
Average
Reported Summary Compensation Table Total for Non-CEO named executive officers ($) |
| |
Deduct
Average Reported Value of Equity Awards ($) |
| |
Add
Average Equity Award Adjustments(a) ($) |
| |
Average Compensation
Actually Paid to Non- CEO named executive officers ($) |
| ||||||||||||
2023
|
| | | | 1,532,849 | | | | | | 123,891 | | | | | | (27,980) | | | | | | 1,380,977 | | |
2022
|
| | | | 2,123,343 | | | | | | 154,818 | | | | | | (1,138,573) | | | | | | 829,953 | | |
2021
|
| | | | 7,446,566 | | | | | | 2,420,669 | | | | | | (75,020) | | | | | | 4,950,877 | | |
Year
|
| |
Year End Fair
Value of Outstanding and Unvested Equity Awards Granted in the Year ($) |
| |
Change in
Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) |
| |
Fair Value as
of Vesting Date of Equity Awards Granted and Vested in the Year ($) |
| |
Change in
Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(a) |
| |
Fair Value at
the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) |
| |
Value of
Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($) |
| |
Service Costs
and Prior Service Costs ($) |
| |
Total
Equity Award Adjustments ($) |
| ||||||||||||||||||||||||
2023
|
| | | | 121,695 | | | | | | (288,146) | | | | | | — | | | | | | 26,203 | | | | | | — | | | | | | 112,268 | | | | | | — | | | | | | (27,980) | | |
2022
|
| | | | 152,622 | | | | | | (1,330,717) | | | | | | — | | | | | | 17,319 | | | | | | — | | | | | | 22,203 | | | | | | — | | | | | | (1,138,573) | | |
2021
|
| | | | 271,023 | | | | | | (382,625) | | | | | | — | | | | | | 30,145 | | | | | | — | | | | | | 6,437 | | | | | | — | | | | | | (75,020) | | |
Name
|
| |
Fees
Earned or Paid in Cash ($)(1) |
| |
Stock
Awards ($) |
| |
Option
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Nonqualified
Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
G. Steven Dawson
|
| | | | 104,500 | | | | | | 7,447 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 111,947 | | |
Jack DiMaio
|
| | | | 82,500 | | | | | | 7,447 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 89,947 | | |
Jack Haraburda
|
| | | | 86,750 | | | | | | 7,447 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 94,197 | | |
Diana Louise Liberto
|
| | | | 86,750 | | | | | | 7,447 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 94,197 | | |
| | |
Year Ended
December 31, 2023 |
| |
Year Ended
December 31, 2022 |
| ||||||
Audit Fees(1)
|
| | | $ | 848,663 | | | | | $ | 660,100 | | |
Audit-Related Fees(2)
|
| | | | 22,500 | | | | | | 19,950 | | |
Tax Fees
|
| | | | — | | | | | | 13,131 | | |
All Other Fees
|
| | | | — | | | | | | 4,596 | | |
Total Principal Accounting Firm Fees
|
| | | $ | 871,163 | | | | | $ | 697,777 | | |
Name
|
| |
Series E
Preferred Stock Beneficially Owned |
| |
Percent of
Class(1) |
| |
Series F
Preferred Stock Beneficially Owned |
| |
Percent of
Class(2) |
| |
Common
Stock Beneficially Owned |
| |
Percent of
Class(3) |
| ||||||||||||||||||
Greater than 5% owners: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Edward E. Cohen(4)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 105,484 | | | | | | 5.47% | | |
Directors and Named Executive Officers:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Lester R. Brafman(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 235,702 | | | | | | 12.23% | | |
Daniel G. Cohen(6)
|
| | | | 4,983,557 | | | | | | 100% | | | | | | 22,429,541(7) | | | | | | 100% | | | | | | 4,239,516 | | | | | | 70.85% | | |
G. Steven Dawson(8)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 28,916 | | | | | | 1.50% | | |
Jack J. DiMaio, Jr.
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,833 | | | | | | 1.03% | | |
Jack Haraburda
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,484 | | | | | | * | | |
Diana Louise Liberto
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,538 | | | | | | * | | |
Joseph W. Pooler, Jr.(9)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 68,785 | | | | | | 3.57% | | |
All current executive officers and directors
as a group (7 persons)(10) |
| | | | 4,983,557 | | | | | | 100% | | | | | | 22,429,541 | | | | | | 100% | | | | | | 4,617,774 | | | | | | 77.17% | | |
Name
|
| |
Age
|
| |
Position
|
|
Lester R. Brafman | | |
61
|
| | Chief Executive Officer | |
Daniel G. Cohen | | |
54
|
| | Executive Chairman | |
Joseph W. Pooler, Jr. | | |
58
|
| | Executive Vice President, Chief Financial Officer and Treasurer | |
SPAC
|
| |
Business Combination Target
|
| |
Post-Business
Combination Trading Symbol |
| |
Business
Combination Closing Date |
| |
Founder Shares
Allocable to Solomon Cohen |
| |
Trading
Price as of April 12, 2024 |
| ||||||
Healthcare Capital Corp.
|
| | Alpha Tau Medical Ltd. | | |
NASDAQ: DRTS
|
| | March 7, 2022 | | | | | 131,563 | | | | | $ | 2.82 | | |
Delwinds Insurance Acquisition Corp. (“DIAC”)
|
| | FOXO Technologies, Inc. | | |
NASDAQ: FOXO
|
| |
September 15, 2022
|
| | | | 158,609 | | | | | $ | 0.3130 | | |
Athena Consumer Acquisition
Corp. |
| | Next.e.GO N.V. | | |
NASDAQ: EGOX
|
| | October 19, 2023 | | | | | 120,940 | | | | | $ | 0.0340 | | |
OmniLit Acquisition Corp.
|
| | Syntec Optics Holdings, Inc. | | |
NASDAQ: OPTX
|
| |
November 7, 2023
|
| | | | 102,304 | | | | | $ | 3.38 | | |
10X Capital Venture Acquisition Corp II
|
| |
African Agriculture Holdings Inc.
|
| |
NASDAQ: AAGR
|
| | December 6, 2023 | | | | | 357,127 | | | | | $ | 0.469 | | |
Innovative International Acquisition Corp.
|
| | Zoomcar Holdings, Inc. | | |
NASDAQ: ZCAR
|
| |
December 28, 2023
|
| | | | 197,492 | | | | | $ | 0.386 | | |
Newcourt Acquisition Corp.
|
| | Psyense Biomedical Ltd. | | | NASDAQ: PBM | | | January 25, 2024 | | | | | 12,500 | | | | | $ | 0.808 | | |
Phoenix Biotech Acquisiton Cor
|
| |
CERo Therapeutics Holdings Inc.
|
| |
NASDAQ: CERO
|
| |
February 14, 2024
|
| | | | 7,500 | | | | | $ | 1.78 | | |
Semper Paratus Acquisition Corp.
|
| | Tevogen Bio Holdings Inc. | | |
NASDAQ: TVGN
|
| |
February 14, 2024
|
| | | | 116,667 | | | | | $ | 2.45 | | |
Sizzle Acquisition Corp.
|
| | Critical Metals Corp. | | |
NASDAQ: CRML
|
| |
February 22, 2024
|
| | | | 98,995 | | | | | $ | 11.09 | | |
DHC Acquisition Corp.
|
| |
Brand Engagement Network Inc.
|
| | NASDAQ: BNAI | | | March 14, 2024 | | | | | 381,977* | | | | | $ | 5.11 | | |
HCM Investor Holdings,
LLC |
| |
Murano Global Investments PLC
|
| |
NASDAQ: MRNO
|
| | March 20, 2024 | | | | | 347,849* | | | | | $ | 10.86 | | |