| Officer | Age | In this role | Joined | 2023 pay | Source |
|---|---|---|---|---|---|
|
Jeffrey M. Soinski
Also a director
Chief Executive Officer
|
62 | Not stated | Not stated | $924,295 |
Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Term Loan Agreement under which the Company could borrow up to $50 million; the Company borrowed $30 million in 2015 and an additional $10 million in 2016
Amendment of the Loan Agreement concurrent with conversion of $38 million of term loan principal into Series A convertible preferred stock
Securities Purchase Agreement under which the Company issued 1,920 shares of Series E convertible preferred stock in exchange for CRG surrendering $1.92 million of loan principal and accrued interest
Several amendments to the Loan Agreement, including extending the interest-only period and Stated Maturity Date, reducing the minimum liquidity covenant to $3.5 million, and granting CRG board observer rights
Amendment No. 7 to the Loan Agreement reducing the minimum liquidity requirement from $3.5 million to $1.0 million until April 1, 2024
Amendment No. 9 to the Loan Agreement extending the interest-only period and permitting payment of dividends on preferred stock issued or issuable to the Purchaser
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