Mama's Creations, Inc.
For the period ended May 18, 2026. Filed May 18, 2026.
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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.
May 18, 2026 · Filed May 18, 2026
MAMA$13.40+3.2%Stored close · as of Nov 6, 2026
Contents
Pay Versus Performance Table
The following table sets forth additional compensation information of our principal executive officers (“PEO”) and averaged compensation information for our other named executive officers (“Other NEOs”) along with total stockholder return (“TSR”) and net income for the fiscal years ended January 31, 2026, 2025, 2024, 2023, and 2022 (all amounts are presented in dollars).
| Summary Compensation Table Total for PEOs(a) · Compensation Actually Paid to PEOs(b) · Average Summary Compensation Table Total · Average Compensation Actually Paid · Value of Initial Fixed $100 Investment Based On TSR(c) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fiscal Year Ended | Wolf | Michaels | Wolf | Michaels | for Other NEOs(a) | to Other NEOs(b) | Company TSR | Peer Group TSR(f) | Net Income (Loss)(d) | Adjusted EBITDA(e) |
| 2026 | – | 2,340,664 | – | 20,697,881 | 509,008 | 4,568,453 | 807.49 | 111.07 | 5,286,000 | 15,421,000 |
| 2025 | – | 1,240,000 | – | 7,943,339 | 350,000 | 1,288,401 | 411.76 | 110.40 | 3,711,000 | 10,127,000 |
| 2024 | – | 4,307,312 | – | 5,824,233 | 509,238 | 714,624 | 230.48 | 105.10 | 6,561,000 | 11,658,000 |
| 2023 | 142,167 | 135,417 | 142,167 | 135,417 | 172,972 | 172,972 | 106.94 | 110.23 | 2,302,000 | 4,464,000 |
| 2022 | 215,000 | – | 215,000 | – | 206,978 | 206,978 | 103.74 | 105.27 | (252,000) | 3,601,000 |
| (a) | Carl T. Wolf ceased services as Chief Executive Officer (principal executive officer) and Adam L. Michaels commenced service as Chief Executive Officer in September 2022. For the fiscal years ended January 31, 2026, the Other NEOs were Anthony Gruber and Moore (Skip) Tappan. For the fiscal years ended January 31, 2025, and 2024, the Other NEOs were Steven Burns and Anthony Gruber. For the fiscal year ended January 31, 2023, the Other NEOs were Matthew Brown, Steven Burns, Anthony Gruber, and Lawrence Morgenstein. For the fiscal year ended January 31, 2022, the Other NEOs were Matt Brown, Steven Burns and Lawrence Morgenstein. |
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| (b) | SEC rules require certain adjustments be made to the Summary Compensation Table (“SCT”) totals to determine “compensation actually paid” (“CAP”) as reported in the Pay Versus Performance Table. CAP does not necessarily represent cash or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. None of our NEOs have participated in a pension plan; therefore, no adjustment from the SCT total related to pension value was made. A reconciliation of total compensation from the SCT to CAP to our PEO and our Other NEOs (as an average) for the fiscal year ended January 31, 2026, is shown below: |
|---|
| Adjustments · PEO ($) · Other NEOs (average) ($) | |||
|---|---|---|---|
| Total Compensation from SCT | 2,340,664 | 509,008 | |
| – SCT amounts of stock and option awards | (1,460,664) | (45,258) | |
| + Fair value at fiscal year-end of awards granted during the fiscal year ended January 31, 2026, that are outstanding and unvested at year-end | 3,179,501 | (1) | 45,258 |
| +/- Difference between fair value of awards from January 31, 2025, to January 31, 2026 for awards granted in any prior fiscal year that were outstanding and unvested at January 31, 2026 | 16,203,263 | 4,051,901 | |
| +/- Vesting date fair value for awards granted and vested during the fiscal year ended January 31, 2026(2) | – | – | |
| +/- Change in fair value from the January 31, 2025, to the vesting date for awards granted in any prior fiscal year which vested during the fiscal year ended January 31, 2026 | 435,117 | 7,544 | |
| – Fair value at January 31, 2025 for awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the fiscal year ended January 31, 2026 | – | – | |
| + Dividends or other earnings paid on stock or option awards in the covered year prior to vesting if not otherwise included in the fair value of the award or the SCT for the fiscal ended January 31, 2026 | – | – | |
| Compensation Actually Paid (as calculated) | 20,697,881 | 4,568,453 | |
| (1) | For purposes of the foregoing adjustments, the year-end value of stock unit awards was determined using the closing price of our common stock on January 30, 2026, the last trading day of the fiscal year, which was $15.10. For PSUs that were unvested as of January 31, 2026, the fair value as of fiscal year-end was determined assuming payout at threshold performance. |
| (2) | Value based on the closing price of our common stock on the applicable vesting date. |
| (c) | TSR as calculated based on a hypothetical fixed investment of $100.00 measured from the market close on January 29, 2021 (the last trading day of the fiscal year ended January 31, 2021) through and including the end of each fiscal year reported in the table, assuming that all dividends (if applicable) were reinvested. |
|---|---|
| (d) | Dollar amounts reported represent amount of net income (loss) reflected in the Company’s audited financial statements for the applicable year. |
| (e) | Our company-selected measure, which is the measure we believe represents the most important financial performance not otherwise presented in the table above that we use to link CAP to our NEOs for the most recent fiscal year to our Company’s performance, is adjusted EBITDA. |
| (f) | Our peer group used for the TSR calculation is the S&P Food & Beverage Select Industry Index, which is the same “peer index” used in the performance graph appearing in our annual report on Form 10-K. |
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