Avalon GloboCare Corp
For the period ended Oct 7, 2024. Filed Aug 28, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Oct 7, 2024 · Filed Aug 28, 2024
Contents
PAY VERSUS PERFORMANCE
Pay Versus Performance Table
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the “Dodd-Frank Act,” below is disclosure regarding executive compensation for our principal executive officer (“PEO,” also known as our CEO), and other Named Executive Officers and company financial performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown. Pursuant to SEC rules, the information in this “Pay Versus Performance” section shall not be deemed to be incorporated by reference into any Avalon GloboCare Corp. filing under the Securities Act or Exchange Act, unless expressly incorporated by specific reference in such filing.
| Year | SummaryCompensationTable Totalfor PEO($)(1) | CompensationActuallyPaid toPEO ($) | AverageSummaryCompensationTable Totalfor Non-PEONEOs($)(1) | AverageCompensationActuallyPaid toNon-PEONEOs($) | Value ofInitial Fixed $100 InvestmentBased onTotalShareholderReturn($)(2) | Net Loss($) |
|---|---|---|---|---|---|---|
| 2023 | 330,000 | 330,000 | 315,122 | 315,122 | 6 | (16,707,010) |
| 2022 | 360,000 | 360,000 | 345,000 | 345,000 | 63 | (11,930,847) |
(1) Our PEO for 2023 and 2022 was David Jin, our current Chief Executive Officer and President. Our Other Named Executive Officers for 2023 and 2022 were Luisa Ingargiola, our Chief Financial Officer, and Meng Li, our Chief Operating Officer.
(2) Total Shareholder Return (“TSR”) illustrates the value, as of the last day of the indicated fiscal year, of an investment of $100 in our common stock on December 31, 2021.
Pay Versus Performance Relationships Descriptions
Relationship between “Compensation Actually Paid” and TSR
There is a limited relationship between TSR and our PEO and Named Executive Officers “compensation actually paid.” This is primarily because “compensation actually paid” is principally driven by fixed cash compensation. In addition, for the periods reported in the table, we did not use TSR as a measure of our performance in any of our executive compensation plans.
Relationship between “Compensation Actually Paid” and Net Loss
There is a limited relationship between net loss and our PEO and Named Executive Officers “compensation actually paid.” This is primarily because “compensation actually paid” is principally driven by fixed cash amount. In addition, for the periods reported in the table, we did not use net loss as a measure of our performance in any of our executive compensation plans.
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