| | | | By Order of the Board of Directors | |
| | | |
Nat Krishnamurti
Secretary |
|
| April 25, 2024 | | | | |
Name
|
| |
Age
|
| |
Position
|
|
Kathleen L. Houghton | | |
51
|
| | Director and Senior Vice President — Sales and Marketing | |
Loan N. Mansy | | |
53
|
| | Director | |
Richard Parrillo | | |
71
|
| | Director | |
Eric A. Prouty | | |
54
|
| | Director | |
Name
|
| |
Age
|
| |
Position
|
|
Vincent P. Abbatecola | | |
78
|
| | Director | |
Nicole Bulgarino | | |
51
|
| | Director | |
Brian F. Coleman | | |
62
|
| | Director, Chairman, President and Chief Executive Officer | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Stock
Awards ($) |
| |
Option
Awards ($) (1) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
Brian F. Coleman, President, Chief Executive Officer(3)
|
| | | | 2023 | | | | | $ | 678,408 | | | | | | — | | | | | $ | 119,000 | | | | | $ | 221,000 | | | | | $ | 76,816(4) | | | | | $ | 1,095,224 | | |
| | | 2022 | | | | | $ | 615,792 | | | | | | — | | | | | $ | 860,000 | | | | | $ | 1,017,778 | | | | | $ | 76,816(4) | | | | | $ | 2,570,386 | | | ||
| | | 2021 | | | | | $ | 507,885 | | | | | | — | | | | | $ | 363,000 | | | | | $ | 843,250 | | | | | $ | 86,439(4) | | | | | $ | 1,800,574 | | | ||
Nat Krishnamurti, Chief Financial Officer and Secretary
|
| | | | 2023 | | | | | $ | 357,444 | | | | | | — | | | | | $ | 43,750 | | | | | $ | 81,250 | | | | | $ | 2,800(5) | | | | | $ | 485,244 | | |
| | | 2022 | | | | | $ | 291,906 | | | | | | — | | | | | $ | 225,000 | | | | | $ | 235,000 | | | | | $ | 2,800(5) | | | | | $ | 754,706 | | | ||
| | | 2021 | | | | | $ | 282,308 | | | | | | — | | | | | $ | 107,250 | | | | | $ | 217,750 | | | | | $ | 2,800(5) | | | | | $ | 610,108 | | | ||
Kathleen L. Houghton, Senior Vice President – Sales and Marketing(3)
|
| | | | 2023 | | | | | $ | 357,535 | | | | | | — | | | | | $ | 56,000 | | | | | $ | 104,000 | | | | | $ | 1,623(5) | | | | | $ | 519,158 | | |
| | | 2022 | | | | | $ | 286,785 | | | | | | — | | | | | $ | 245,000 | | | | | $ | 310,000 | | | | | $ | 1,623(5) | | | | | $ | 843,408 | | | ||
| | | 2021 | | | | | $ | 274,615 | | | | | | — | | | | | $ | 108,900 | | | | | $ | 221,100 | | | | | $ | 1,623(5) | | | | | $ | 606,238 | | | ||
Kenneth Gaglione, Former Vice
President – Operations(6) |
| | | | 2023 | | | | | $ | 358,004 | | | | | | — | | | | | | — | | | | | $ | 130,000 | | | | | | — | | | | | $ | 488,004 | | |
| | | 2022 | | | | | $ | 276,542 | | | | | | — | | | | | $ | 245,000 | | | | | $ | 300,000 | | | | | | — | | | | | $ | 821,542 | | | ||
| | | | | 2021 | | | | | $ | 267,308 | | | | | | — | | | | | $ | 102,300 | | | | | $ | 207,700 | | | | | | — | | | | | $ | 577,308 | | |
| | | | | | | | |
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards |
| |
All
Other Stock Awards: Number of Shares of Stock or Units (#) |
| |
All Other
Option Awards: Number of Securities Underlying Options (#) |
| |
Exercise
or Base Price of Option Awards ($/sh) |
| |
Grant
Date Fair Value of Stock and Option Awards |
| |||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| ||||||||||||||||||||||||||||||||||||
Brian F. Coleman
|
| | | | 3/1/23 | | | | | | — | | | | | $ | 1,620,000 | | | | | | — | | | | | | — | | | | | | 234,332 | | | | | $ | 10.09 | | | | | $ | 860,000 | | |
Nat Krishnamurti
|
| | | | 3/1/23 | | | | | | — | | | | | $ | 610,000 | | | | | | — | | | | | | — | | | | | | 61,308 | | | | | $ | 10.09 | | | | | $ | 225,000 | | |
Kathleen L. Houghton
|
| | | | 3/1/23 | | | | | | — | | | | | $ | 610,000 | | | | | | — | | | | | | — | | | | | | 66,757 | | | | | $ | 10.09 | | | | | $ | 245,000 | | |
Kenneth Gaglione
|
| | | | 3/1/23 | | | | | | — | | | | | $ | 580,000 | | | | | | — | | | | | | — | | | | | | 66,757 | | | | | $ | 10.09 | | | | | $ | 245,000 | | |
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| ||||||||||||
Brian F. Coleman
|
| | | | 945,000 | | | | | | — | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | 261,905 | | | | | | — | | | | | $ | 1.60 | | | | | | 3/12/2026 | | | ||
| | | 169,626 | | | | | | — | | | | | $ | 3.81 | | | | | | 2/24/2027 | | | ||
| | | 117,166 | | | | | | 117,166(1) | | | | | $ | 10.09 | | | | | | 3/1/2026 | | | ||
Nat Krishnamurti
|
| | | | 125,000 | | | | | | — | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | 41,667 | | | | | | — | | | | | $ | 1.60 | | | | | | 3/12/2026 | | | ||
| | | 50,117 | | | | | | — | | | | | $ | 3.81 | | | | | | 2/24/2027 | | | ||
| | | 30,654 | | | | | | 30,654(1) | | | | | $ | 10.09 | | | | | | 3/1/2026 | | | ||
Kathleen L. Houghton
|
| | | | 120,000 | | | | | | — | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | 47,619 | | | | | | — | | | | | $ | 1.60 | | | | | | 3/12/2026 | | | ||
| | | 50,888 | | | | | | — | | | | | $ | 3.81 | | | | | | 2/24/2027 | | | ||
| | | 33,379 | | | | | | 33,378(1) | | | | | $ | 10.09 | | | | | | 3/1/2026 | | | ||
Kenneth Gaglione
|
| | | | 33,378 | | | | | | — | | | | | $ | 10.09 | | | | | | 3/1/2026 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value Realized
on Exercise ($) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($) |
| ||||||||||||
Brian F. Coleman
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Nat Krishnamurti
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kathleen L. Houghton
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kenneth Gaglione
|
| | | | 90,135 | | | | | $ | 983,373 | | | | | | — | | | | | | — | | |
| | | | | 23,810 | | | | | $ | 250,957 | | | | | | — | | | | | | — | | |
| | | | | 23,902 | | | | | $ | 199,104 | | | | | | — | | | | | | — | | |
| | | | | 33,379 | | | | | $ | 68,427 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment on 12/31/19 Based on | | | | | | | | | | | | | | |||||||||
Year | | | Summary Compensation Table Total for PEO (Brian F. Coleman) | | | Summary Compensation Table Total for PEO (Kevin J. Zugibe)(1) | | | Compensation Actually Paid to PEO ( Coleman | | | Compensation Actually Paid to PEO (Kevin J. Zugibe) | | | Average Summary Compensation Table Total for Non-PEO NEOs(2) | | | Average Compensation Actually Paid to Non-PEO NEOs(2) | | | Total Shareholder Return | | | Peer Group Total Shareholder Return(3) | | | Net Income (Loss) | | | | | ||||||||||||||||||||||||||||||
2020 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | | |||||||||
2021 | | | | $ | | | | | | | | | | $ | | | | | | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||||
2022 | | | | $ | | | | | | | | | | $ | | | | | | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||||
2023 | | | | $ | | | | | | | | | | $ | | | | | | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | |
Year | | | Summary Compensation Table Total for PEO (Brian F. Coleman) | | | Deduction of fair value of any stock option grants or stock awards during the year | | | (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year | | | (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year | | | (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date | | | (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value | | | (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year | | | (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year | | | Compensation Actually Paid to PEO (Brian F. Coleman) | | |||||||||||||||||||||||||||
2020 | | | | $ | | | | | $ | ( | | | | | | | | | | | | | | | | | | | | $ | | | | | | | | | | | | | | | $ | | | ||||||||
2021 | | | | $ | | | | | $ | ( | | | | | | | | | | | | | | | $ | | | | | | | | | | | | | | | | | | | | $ | | | ||||||||
2022 | | | | $ | | | | | $ | ( | | | | | $ | | | | | | | | | | $ | | | | | | | | | | | | | | | | | | | | $ | | | ||||||||
2023 | | | | $ | | | | | $ | ( | | | | | $ | | | | | | | | | | $ | | | | | | | | | | | | | | | | | | | | $ | | |
Year | | | Summary Compensation Table Total for PEO (Kevin J. Zugibe) | | | Deduction of fair value of any stock option grants or stock awards during the year | | | (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year | | | (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year | | | (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date | | | (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value | | | (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year | | | (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year | | | Compensation Actually Paid to PEO (Kevin J. Zugibe) | | |||||||||||||||||||||||||||
2020 | | | | $ | | | | | | | | | | | | | | | | | | | | | | | | | $ | ( | | | | | | | | | | | | | | | $ | | |
Year | | | Average Summary Compensation Table Total for Non-PEO NEOs(2) | | | Deduction of fair value of any stock option grants or stock awards during the year | | | (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year | | | (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year | | | (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date | | | (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value | | | (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year | | | (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year | | | Average Compensation Actually Paid to Non-PEO NEOs | | |||||||||||||||||||||||||||
2020 | | | | $ | | | | | $ | ( | | | | | | | | | | | | | | | | | | | | $ | | | | | | | | | | | | | | | $ | | | ||||||||
2021 | | | | $ | | | | | $ | ( | | | | | | | | | | | | | | | $ | | | | | | | | | | | | | | | | | | | | $ | | | ||||||||
2022 | | | | $ | | | | | $ | ( | | | | | $ | | | | | | | | | | $ | | | | | | | | | | | | | | | | | | | | $ | | | ||||||||
2023 | | | | $ | | | | | $ | ( | | | | | $ | | | | | | | | | | $ | | | | | | | | | | | | | | | | | | | | $ | | |
| | |
| | |
| | |
Name
|
| |
Fees earned
or paid in cash |
| |
Stock
Awards(1) |
| |
Option
Awards(2) |
| |
All Other
Compensation |
| |
Total
|
| |||||||||||||||
Vincent P. Abbatecola(3)
|
| | | $ | 72,500 | | | | | | — | | | | | $ | 87,500 | | | | | | — | | | | | $ | 160,000 | | |
Nicole Bulgarino(3)
|
| | | $ | 60,000 | | | | | | — | | | | | $ | 90,000 | | | | | | — | | | | | $ | 150,000 | | |
Stephen P. Mandracchia(3)(4)
|
| | | $ | 70,000 | | | | | | — | | | | | $ | 75,000 | | | | | | — | | | | | $ | 145,000 | | |
Loan N. Mansy(3)
|
| | | $ | 50,000 | | | | | $ | 50,000 | | | | | $ | 50,000 | | | | | | — | | | | | $ | 150,000 | | |
Richard Parrillo(3)
|
| | | $ | 85,000 | | | | | | — | | | | | $ | 75,000 | | | | | | — | | | | | $ | 160,000 | | |
Eric A. Prouty(3)
|
| | | $ | 75,000 | | | | | $ | 25,000 | | | | | $ | 50,000 | | | | | | — | | | | | $ | 150,000 | | |
Name of Beneficial Owner
|
| |
Amount and
Nature of Beneficial Ownership(1) |
| |
Percent of Class
|
| ||||||
Brian F. Coleman
|
| | | | 2,532,481(2) | | | | | | 5.4% | | |
Nat Krishnamurti
|
| | | | 306,988(3) | | | | | | * | | |
Kathleen L. Houghton
|
| | | | 331,149(4) | | | | | | * | | |
Kenneth Gaglione
|
| | | | 108,382(5) | | | | | | * | | |
Vincent P. Abbatecola
|
| | | | 203,132(6) | | | | | | * | | |
Nicole Bulgarino
|
| | | | 24,528(7) | | | | | | * | | |
Loan N. Mansy
|
| | | | 20,374(8) | | | | | | * | | |
Richard Parrillo
|
| | | | 268,376(9) | | | | | | * | | |
Eric A. Prouty
|
| | | | 223,846(10) | | | | | | * | | |
Ernest Lazarus
|
| | | | 3,959,915(11) | | | | | | 8.7% | | |
BlackRock, Inc.
|
| | | | 3,165,649(12) | | | | | | 7.0% | | |
All directors and executive officers as a group (Eight Persons)
|
| | | | 3,910,874(13) | | | | | | 8.2% | | |
Plan Category
|
| |
Number of securities to be
issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-average exercise
price of outstanding options, warrants and rights (b) |
| |
Number of securities remaining
available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans proved
by security holders |
| | | | 2,647,435 | | | | | $ | 3.31 | | | | | | 4,341,463 | | |
Equity compensation plans not approved by security holders
|
| | | | 0 | | | | | | — | | | | | | 0 | | |
Total
|
| | | | 2,647,435 | | | | | $ | 3.31 | | | | | | 4,341,463 | | |