THUMZUP MEDIA Corp
For the period ended Dec 31, 2023. Filed Mar 20, 2024.
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FY2023 · Filed Mar 20, 2024
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Item 11. Executive Compensation
Summary Compensation Table
The following table sets forth information regarding compensation earned during fiscal 2023 and 2022 by our principal executive officer and our other most highly compensated executive officers, or the named executive officers, as of the end of the 2023 fiscal year.
| Name and Principal Position · Fiscal Year · Salary · Bonus · Other Compensation · Options · Restricted Stock Awards · Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Robert Steele | 2023 | $67,000 | $ | - | $ | - | $ | - | $ | - | $67,000 |
| Chief Executive Officer | 2022 | $15,000 | $1,653 | $ | - | $ | - | $ | - | $16,653 | |
Robert Steele, CEO, President, Secretary, and Treasurer is compensated $5,000 per month for his services as Chief Executive Officer of the Company, commencing on October 1, 2022. On June 1, 2023, the Company increased Mr. Steele’s compensation to $6,000 per month for his services as Chief Executive Officer of the Company. Mr. Steele is not compensated for his services as a director of the Company. Mr. Steele received a bonus of $1,653 during the year ended December 31, 2022.
Director Compensation
The following table presents the total compensation for the non-employee director of our Board during the fiscal year ended December 31, 2023. Other than as set forth in the table and described more fully below, we did not pay any compensation, reimburse any expense of, make any equity awards or non-equity awards to, or pay any other compensation to any of the other members of our Board in such period.
| Name · Fees Earned or Paid in Cash ($) · Stock Awards ($) · Option Awards ($) · All Other Compensation ($) · Total ($) | |||||||
|---|---|---|---|---|---|---|---|
| Robert Haag | $4,000 | $ | - | $ | - | - | $4,000 |
Mr. Haag is compensated $1,000 per quarter for his services as a director, which commenced on July 1, 2022. As of December 31, 2023, $5,000 is owed to Mr. Haag for his services as a director.
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