The report also highlights a special award of $330,000 for Mr. Barisoni, recognizing his efforts in executing a transformational acquisition and restoring operational capabilities. Mr. Zamboni will receive a $60,000 special award for securing critical capital and achieving liquidity stabilization. Furthermore, the Board approved a base salary of $600,000 for each Co-CEO for 2026, along with the establishment of a new annual incentive plan that allows for performance-based cash bonuses of up to 100% of base salary, with specific metrics tied to strategic execution, stock performance, liquidity improvement, and governance best practices.
The adjustments in compensation and the introduction of the annual incentive plan are expected to align executive incentives with the company's strategic growth and financial stabilization goals. The Board believes these measures will enhance governance and operational execution, ultimately benefiting shareholders and stakeholders alike.