AVAX ONE TECHNOLOGY LTD.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Item 11. Executive Compensation
| Name & Principal Position · Year · Salary · Bonus · Share Based Awards · Option-Based Awards · All Other Compensation · Total Compensation | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Jolie Kahn | 2025 | $370,083 | $ | - | $540,822 | $ | - | $ | - | $910,905 |
| Chief Executive Officer | 2024 | 312,611 | - | 25,000 | - | - | 337,611 | |||
| Chris Polimeni | 2025 | 220,000 | - | 250,000 | - | - | 470,000 | |||
| Chief Financial Officer | 2024 | - | - | - | - | - | - | |||
| Peter Wylie | 2025 | 70,000 | - | 150,000 | - | - | 220,000 | |||
| Chief Operating Officer | 2024 | - | - | - | - | - | - | |||
| Richard S. Wong (a) | 2025 | 251,734 | - | 100,609 | - | 127,477 | 479,820 | |||
| Former Chief Financial Officer | 2024 | 260,166 | - | 41,066 | - | 1,793 | 303,025 | |||
| Mauro Pennella (a) | 2025 | 215,672 | - | 164,374 | - | 187,795 | 567,841 | |||
| Former Chief Marketing Officer | 2024 | 255,512 | - | 54,753 | - | 1,793 | 312,058 | |||
| (a) | Some share-based awards were issued net of income taxes. The Company repurchased shares on the issuance date to remit as income taxes to the appropriate government revenue service agencies. |
|---|
Director Compensation
Under our independent, non-employee director compensation program, each non-employee, independent director receives cash compensation of $75,000 per annum and an annual grant of restricted shares equal to $75,000. The restricted shares vest on a quarterly basis. In addition, if the director serves on a committee of our board, the director will receive additional annual cash fees of $20,000 for each committee the director is a member of.
Cash director fees are payable in arrears in quarterly installments not later than the 15th day following the final day of each calendar quarter and prorated for any portion of a quarter that a director is not serving as an independent, non-employee director or a committee member on our board. Directors are also reimbursed for reasonable expenses associated with attending board and committee meetings.
In addition to director fees discussed above, we provide equity incentive compensation to our directors in order to align their interests with those of our shareholders. Equity incentive awards for directors are granted pursuant to the terms of the 2019 Option Plan and 2024 Equity Incentive Plan. Awards for our directors have been granted in the form of restricted stock units (“RSUs”) rather than options, which is consistent with the grant type used for our executive officers. Directors do not typically receive an onboarding grant at the time of appointment, and are instead eligible to receive annual grants as determined in the discretion of the committee.
2025 Director Compensation Table
The following table sets forth all compensation paid or awarded to our non-employee directors for service to us during 2025. The amounts set forth in the table have been calculated in accordance with the requirements of applicable SEC rules, and do not necessarily reflect the amounts that have actually been paid to, or which may be realized by, our directors.
| Name | Year | Fees Earned or Paid in Cash ($) | RSU Awards ($) | All Share-based compensation ($) | Total ($) |
|---|---|---|---|---|---|
| Matt Zhang | 2025 | - | - | - | - |
| Xiao-Xiao Jichua Zhu | 2025 | - | - | 75,000 | 75,000 |
| Young Chi Cho | 2025 | 17,500 | - | 75,000 | 92,500 |
| Daniel Mendes | 2025 | 17,500 | - | 75,000 | 92,500 |
| Amy Griffith | 2025 | 137,992 | - | 125,000 | 262,992 |
| David Welch (former chairman) | 2025 | 161,458 | - | 350,000 | 511,458 |
| William J. Meekison (former director) | 2025 | 88,542 | - | 100,000 | 188,542 |
| Richard Levychin (former director) | 2025 | 88,542 | - | 100,000 | 188,542 |
| Elaine Goldwater (former director) | 2025 | 114,583 | - | 100,000 | 214,583 |
Equity Awards Held by Directors
There were no RSUs held as of December 31, 2025 by any of our non-employee directors who were serving as of December 31, 2025. All RSUs granted to our non-employee directors are immediately vested and settled on the grant date. We have not issued options or any other type of equity awards to our non-employee directors.
Refer to the Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters for additional information about the beneficial ownership of our securities by our executive officers and directors.
Equity Compensation Plan Information
The following table provides information with respect to options outstanding under our Plan as at December 31, 2025:
| Plan category · Number of securities to be issued upon exercise of outstanding options · Weighted-average exercise price of outstanding options · Number of securities remaining available for future issuance | ||||
|---|---|---|---|---|
| Equity compensation plans approved by security holders | - | $ | - | $13,940,820 |
| Equity compensation plans not approved by security holders | - | - | - | |
| Total | - | $ | - | $13,940,820 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.