Cineverse Corp
For the period ended Dec 30, 2024. Filed Nov 20, 2024.
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Dec 30, 2024 · Filed Nov 20, 2024
Contents
SUMMARY COMPENSATION TABLE
| Name and Principal Position(s) | Year | Salary($) | Bonus ($) (1) | Stock Awards ($)(2) | Option Awards ($)(3) | All Other Compensation ($)(4) | Total ($) |
|---|---|---|---|---|---|---|---|
| Christopher J. McGurk | 2024 | 650,000 | 325,000 | — | — | 39,286 | 1,014,286 |
| Chief Executive Officer | 2023 | 650,000 | 707,969 | 26,250 | 1,200,000 | 39,431 | 2,623,650 |
| and Chairman | 2022 | 650,000 | 650,000 | 90,146 | — | 33,500 | 1,423,646 |
| Gary S. Loffredo | 2024 | 460,000 | 161,000 | — | 196,323 | 55,521 | 872,844 |
| Chief Legal Officer, | 2023 | 460,000 | 350,717 | 15,750 | — | 58,785 | 885,252 |
| Secretary and Senior Adviser | 2022 | 460,000 | 322,000 | 54,088 | — | 33,810 | 869,898 |
| Erick Opeka | 2024 | 475,000 | 120,000 | — | 368,106 | 55,536 | 1,018,642 |
| President and | 2023 | 400,000 | 261,404 | 15,750 | — | 49,571 | 726,725 |
| Chief Strategy Officer and | 2022 | 400,000 | 240,000 | 54,088 | — | 20,327 | 714,415 |
| President of Digital Networks | |||||||
(1) The Company's bonus program, the Management Annual Incentive Plan (“MAIP”), is described below. For fiscal years 2023 and 2024, the MAIP bonuses were settled in the Company's Class A Common Stock.
(2) Includes PSUs earned during the respective fiscal year. See above for a description of the material terms of the PSUs.
(3) The amounts in this column reflect the grant date fair value for all fiscal years presented in accordance with FASB ASC Topic 718. Assumptions used in the calculation of these amounts are included in footnote 2 to the Company’s audited financial statements for the fiscal years ended March 31, 2024 and 2023, included in the Annual Report on Form 10-K for the fiscal year ended March 31, 2024 (the “Form 10-K”).
(4) Includes life insurance premiums, disability insurance premiums and certain medical expenses paid by the Company for each NEO.
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