Royalty Management Holding Corp
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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FY2023 · Filed Apr 16, 2024
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Item 11. Executive Compensation
Executive Officer and Director Compensation
Overview
As an “emerging growth company” as defined in the JOBS Act, we are not required to include a Compensation Discussion and Analysis section and have opted to comply with the scaled disclosure requirements applicable to emerging growth companies.
The named executive officer and director compensation described in this section discusses our 2022 compensation programs. This discussion may contain forward-looking statements that are based on the Company’s current plans, considerations, expectations and determinations regarding future compensation programs.
Executive and Director Compensation
The Company’s Board of Directors, with input from our Chief Executive Officer, has historically determined the compensation for our named executive officers. Our named executive officers for the fiscal year ended December 31, 2023, which consist of our principal executive officer and the next two most highly compensated executive officers who were serving as executive officers as of December 31, 2023, are:
| · | Thomas Sauve, Chief Executive Officer; and |
| · | Kirk Taylor, Chief Financial Officer |
Summary Compensation Table
The following table sets forth information concerning the annual and long-term compensation of our executive officers and directors for services rendered in all capacities to us during the last completed fiscal year. The listed individuals shall hereinafter be referred to as the “Named Executive Officers.” We also have included below a table regarding compensation paid to our directors who served during the last completed fiscal year.
| (a) · (b) · (c) · (d) · (e) · (f) · (g) · (h) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Name and principal position · Fees Earned or Paid in Cash($) · StockAwards($) · OptionAwards($) · Non-Equity Incentive Plan Compensation($) · Nonqualified deferred compensation earnings($) · All Other Compensation($) · Total($) | ||||||||
| Mark C. Jensen, Chief Executive Officer, Chairman (1) | 2023 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
| 2022 | -0- | -0- | -0- | -0- | -0- | -0- | -0- | |
| Thomas M. Sauve, Chief Executive Officer, Director (2) | 2023 | $150,000 | -0- | -0- | -0- | -0- | -0- | $150,000 |
| 2022 | $75,000 | -0- | -0- | -0- | -0- | -0- | $75,000 | |
| Kirk P. Taylor, Chief Financial Officer | 2023 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
| 2022 | -0- | -0- | -0- | -0- | -0- | -0- | -0- | |
| Daniel Hasler, Director | 2023 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
| 2022 | -0- | -0- | -0- | -0- | -0- | -0- | -0- | |
| Gary Ehlebracht, Director | 2023 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
| 2022 | -0- | -0- | -0- | -0- | -0- | -0- | -0- | |
| Julie Griffith, Director (3) | 2023 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
| 2022 | -0- | -0- | -0- | -0- | -0- | -0- | -0- | |
| Edward Smid, Director (1) | 2023 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
| 2022 | -0- | -0- | -0- | -0- | -0- | -0- | -0- | |
| (1) | Resigned on October 31, 2023 from the Company as part of the Business Combination. |
| (2) | Director of the Company prior to October 31, 2023; was appointed as Chairman on October 31, 2023 as part of the Business Combination. |
| (3) | Appointed as Director of the Company on October 31, 2023 as part of the Business Combination. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.