Exercised SPA Warrants in exchange for Common Stock; Company received no cash (pre-Reverse Stock Split basis).
| Officer | Age | In this role | Joined | 2025 pay | Source |
|---|---|---|---|---|---|
|
John W. Gibson, Jr.
Also a director
Chief Executive Officer
|
67 | Not stated | Not stated | $343,850 | |
|
Jimena Begaries
Interim Chief Financial Officer
|
44 |
Since 2025
1 year
|
Not stated | Not reported | |
|
Michael Ferrier
General Counsel and Secretary
|
55 |
Since 2026
this year
|
Not stated | Not reported | |
|
Robert D. Christ
President SeaTrepid
|
65 |
Since 2025
1 year
|
Not stated | Not reported |
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.
Exercised SPA Warrants in exchange for Common Stock; Company received no cash (pre-Reverse Stock Split basis).
Exercised SPA Warrants in exchange for Common Stock; Company received no cash (pre-Reverse Stock Split basis).
SPA Warrants held by MIF were adjusted downwards (pre-Reverse Stock Split basis) in connection with the Second Lien Restructuring Agreements.
Transferred its existing 5% OID Senior Secured Convertible Debenture to the Company in exchange for a New Debenture.
Transferred its existing 5% OID Senior Secured Convertible Debenture to the Company in exchange for New Debentures.
Transferred its existing 5% OID Senior Secured Convertible Debenture to the Company in exchange for New Debentures.
Converted Senior Secured Convertible Debentures into 4,818,836 shares of Common Stock.
Converted Senior Secured Convertible Debentures into 699,053 shares of Common Stock.
Exchanged remaining debenture amounts into Series A preferred stock; 27,588 Series A Preferred Stock issued.
Received 2,504 (SLS) and 5,342 (MIF) shares of Series A Preferred Stock in exchange for debentures.
Purchased November 2024 Debentures in private placements.
Converted 2023 Term Loan notes into 3,814 shares of Series C Preferred Stock.
Lender under the 2023 Term Loan Agreement, with ATW II as collateral agent and lender.
Lender under the 2023 Term Loan Agreement; converted 2023 Term Loan notes into 2,144,295 shares of common stock.
Lenders under the 2024 Term Loan Agreement providing secured term loans, with ATW Special Situations Management LLC as collateral agent.
Purchased 3,000 shares of Series B Convertible Preferred Stock.
Exchanged 2023 Term Loan notes into 3,814 shares of Series C Convertible Preferred Stock.
Financial and accounting consulting services provided to the Company.
Financial and accounting consulting services provided to the Company.
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