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Common Stock
|
| |||||||||
Name of Beneficial Owner
|
| |
Number of
Shares |
| |
Percent of
Class(1) |
| ||||||
Estate of Geoffrey S. M. Hedrick(2)
|
| | | | 3,535,567 | | | | | | 20.4% | | |
Christopher Harborne(3)
|
| | | | 2,366,969 | | | | | | 13.6% | | |
Wealth Trust Axiom, LLC(4)
|
| | | | 1,157,040 | | | | | | 6.7% | | |
Norman H. Pessin(5)
|
| | | | 861,825 | | | | | | 5.0% | | |
Central Square Management LLC(6)
|
| | | | 875,417 | | | | | | 5.0% | | |
| | |
Common Stock
|
| |||||||||
Name of Beneficial Owner
|
| |
Number of
Shares |
| |
Percent of
Class(1) |
| ||||||
Shahram Askarpour
|
| | | | 217,458 | | | | | | 1.3% | | |
Glen R. Bressner
|
| | | | 68,332 | | | | | | * | | |
Roger A. Carolin(2)
|
| | | | 44,180 | | | | | | * | | |
Winston J. Churchill
|
| | | | 14,130 | | | | | | * | | |
Stephen L Belland
|
| | | | 3,551 | | | | | | * | | |
Parizad Olver
|
| | | | 3,196 | | | | | | * | | |
All executive officers and directors as a group (6 persons)
|
| | | | 350,847 | | | | | | 2% | | |
Plan Category
|
| |
Number of securities to
be issued upon 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 the first column) |
| |||||||||
Equity compensation plans approved by security holders
|
| | | | 57,584 | | | | | $ | 7.10 | | | | | | 628,824 | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 57,584 | | | | | $ | 7.10 | | | | | | 628,824 | | |
Name
|
| |
Age
|
| |
Director
Since |
| |
Current
Term Expires |
| |
Positions with the Company
|
| |||||||||
Shahram Askarpour
|
| | | | 65 | | | | | | 2022 | | | | | | 2023 | | | |
Director, Chief Executive Officer
|
|
Winston J. Churchill
|
| | | | 82 | | | | | | 1990 | | | | | | 2023 | | | | Director | |
Roger A. Carolin
|
| | | | 67 | | | | | | 2016 | | | | | | 2023 | | | | Director | |
Glen R. Bressner
|
| | | | 62 | | | | | | 1999 | | | | | | 2023 | | | | Director | |
Stephen L. Belland
|
| | | | 65 | | | | | | 2022 | | | | | | 2023 | | | | Director | |
Parizad Olver (Parchi)
|
| | | | 43 | | | | | | 2022 | | | | | | 2023 | | | | Director | |
| | |
Grant Thornton
FY 2022 |
| |
Grant Thornton
FY 2021 |
| ||||||
Audit Fees
|
| | | $ | 394,275 | | | | | $ | 373,275 | | |
Audit Related Fees
|
| | | | 15,750 | | | | | | | | |
Tax Fees
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | 410,025 | | | | | $ | 373,275 | | |
Name
|
| |
Fees Earned
or Paid in Cash $(1) |
| |
Stock
Awards $(2) |
| |
Option
Awards $ |
| |
Non-Equity
Incentive Plan Compensation $ |
| |
Change in
Pension Value and Non-qualified Deferred Compensation Earnings |
| |
All Other
Compensation $(3) |
| |
Total
$ |
| |||||||||||||||||||||
Glen R. Bressner
|
| | | | 29,000 | | | | | | 40,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,583 | | | | | | 83,583 | | |
Winston J. Churchill
|
| | | | 20,000 | | | | | | 40,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,416 | | | | | | 80,416 | | |
Robert E. Mittelstaedt, Jr.
|
| | | | 12,500 | | | | | | 53,329 | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,117 | | | | | | 79,946 | | |
Roger A. Carolin
|
| | | | 20,000 | | | | | | 40,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,583 | | | | | | 74,583 | | |
Stephen L. Belland
|
| | | | 4,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,333 | | | | | | 12,833 | | |
Parizad Olver (Parchi)
|
| | | | 6,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,875 | | | | | | 12,875 | | |
Name
|
| |
Age
|
| |
Position with the Company
|
|
Shahram Askarpour | | |
64
|
| | President and Chief Executive Officer | |
Michael Linacre | | |
46
|
| | Chief Financial Officer | |
Name and Principal Position
|
| |
Year
|
| |
Salary
$ |
| |
Bonus
$ |
| |
Option
Awards $(2) |
| |
All Other
Compensation $(1) |
| |
Total
$ |
| ||||||||||||||||||
Shahram Askarpour
Chief Executive Officer |
| | | | 2022 | | | | | | 369,616 | | | | | | 300,000 | | | | | | | | | | | | 6,585 | | | | | | 676,201 | | |
| | | 2021 | | | | | | 300,000 | | | | | | — | | | | | | — | | | | | | 5,700 | | | | | | 305,700 | | | ||
| | | 2020 | | | | | | 300,000 | | | | | | — | | | | | | — | | | | | | 5,369 | | | | | | 305,369 | | | ||
Michael Linacre
Chief Financial Officer |
| | | | 2022 | | | | | | 53,077 | | | | | | 25,000 | | | | | | | | | | | | — | | | | | | 78,077 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Geoffrey S. M. Hedrick,
Former Chief Executive Officer |
| | | | 2022 | | | | | | 123,326 | | | | | | | | | | | | | | | | | | 817 | | | | | | 124,143 | | |
| | | 2021 | | | | | | 400,000 | | | | | | — | | | | | | — | | | | | | 18,364 | | | | | | 418,364 | | | ||
| | | 2020 | | | | | | 400,000 | | | | | | — | | | | | | — | | | | | | 8,099 | | | | | | 408,099 | | | ||
Relland Winand
Former Chief Financial Officer |
| | | | 2022 | | | | | | 157,692 | | | | | | 100,000 | | | | | | 49,023 | | | | | | 5,154 | | | | | | 311,869 | | |
| | | 2021 | | | | | | 200,000 | | | | | | — | | | | | | | | | | | | 4,000 | | | | | | 204,000 | | | ||
| | | 2020 | | | | | | 200,000 | | | | | | — | | | | | | 362,700 | | | | | | 4,000 | | | | | | 566,700 | | |
Name
|
| |
Grant
Dates of Equity Awards |
| |
Estimated Future Payout under
|
| |
Estimated Future Payout under
|
| |
All Other
Stock Awards: Number of Shares of Stock or Units |
| |
2022 Grant
Date Fair Value of Stock and Option Awards ($) |
| |||||||||||||||||||||||||||||||||||||||
|
Minimum
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Minimum
(Shares) |
| |
Target
(Shares) |
| |
Maximum
(Shares) |
| ||||||||||||||||||||||||||||||||||||||
Shahram Askarpour
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael Linacre
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Geffrey S.M. Hedrick
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Relland Winand
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Grant Date
|
| |
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(2) $ |
| |
Option
Expiration Date |
| ||||||||||||||||||
Shahram Askarpour
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael Linacre
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Geffrey S.M. Hedrick
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Relland Winand
|
| | | | 8/27/2020 | | | | | | 57,584 | | | | | | 57,584 | | | | | | — | | | | | | 7.10 | | | | | | 8/27/2030 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise |
| |
Value
Realized on Exercise $ |
| |
Number of
Shares Acquired on Vesting |
| |
Value
Realized on Vesting ($) |
| ||||||||||||
Shahram Askarpour
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael Linacre
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Geffrey S.M. Hedrick
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Relland Winand
|
| | | | | | | | | | | | | | | | 50,000 | | | | | | | | |
|
☐
FOR
|
| |
☐
AGAINST
|
| |
☐
ABSTAIN
|
|
| Shahram Askarpour | | |
☐
FOR NOMINEE
|
| |
☐
WITHHOLD AUTHORITY
|
|
| Stephen L. Belland | | |
☐
FOR NOMINEE
|
| |
☐
WITHHOLD AUTHORITY
|
|
| Glen R. Bressner | | |
☐
FOR NOMINEE
|
| |
☐
WITHHOLD AUTHORITY
|
|
| Roger A. Carolin | | |
☐
FOR NOMINEE
|
| |
☐
WITHHOLD AUTHORITY
|
|
| Winston J. Churchill | | |
☐
FOR NOMINEE
|
| |
☐
WITHHOLD AUTHORITY
|
|
|
Parizad Olver (Parchi)
|
| |
☐
FOR NOMINEE
|
| |
☐
WITHHOLD AUTHORITY
|
|
|
☐
FOR
|
| |
☐
AGAINST
|
| |
☐
ABSTAIN
|
|
|
☐
THREE YEARS
|
| |
☐
TWO YEARS
|
| |
☐
ONE YEAR
|
|
|
☐
FOR
|
| |
☐
AGAINST
|
| |
☐
ABSTAIN
|
|