Stephen Garchik
holder of 10% of the outstanding shares
$1,125,000
June 27, 2024
Purchase of 150,000 shares of common stock at a price of $1,125,000
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.
Purchase of 150,000 shares of common stock at a price of $1,125,000
Purchase of 12,254 shares of common stock in the Registered Direct offering
Purchase of 126,609 shares of common stock in the Registered Direct offering
Purchase of a $1,000,000 Senior Secured Debenture with warrants for 1,000,000 shares; received 120,482 shares in lieu of fees and interest in the Bridge Loan private placement
Purchase of a $250,000 Senior Secured Debenture with warrants for 250,000 shares; received 30,120 shares in lieu of fees and interest in the Bridge Loan private placement
Employment as Chief Executive Officer with an initial annual salary, bonus eligibility and option grants
Executive Retention Agreement providing severance, bonus and vesting acceleration upon change of control or involuntary termination
Employment as VP Sales; base salary and sales commission
Employment as Chief Technology Officer with an initial annual salary, signing bonus and bonus eligibility
Executive Retention Agreement providing severance, bonus and vesting acceleration upon change of control or involuntary termination
Separation agreement and settlement payment of $95,000 in cash, $206,000 in common stock and $24,000 in stock options
Services agreement under which TPG provides outsourced sales and related services to the Company for monthly fees
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