NeoVolta Inc
For the period ended Dec 10, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
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.
Dec 10, 2024 · Filed Oct 31, 2024
NEOV$2.61+23.5%Stored close · as of Nov 6, 2026
Contents
Summary Compensation Table
The following table shows the compensation awarded to or earned in the last two fiscal years by our NEOs. We did not have any other employees that received more than $100,000 in compensation during fiscal 2024 or 2023.
| Name and Principal Position · Year · Salary ($) · Stock Awards ($)(2) · Total ($) | |||||
|---|---|---|---|---|---|
| Ardes Johnson, Chief Executive Officer (since April 29, 2024) | 2024 | 58,333 | 2,854,000 | 2,912,333 | |
| Brent Willson, Director | 2024 | 165,000 | (1) | – | 165,000 |
| President and Chief Executive Officer (before April 29, 2024) | 2023 | 165,000 | (1) | – | 165,000 |
| Steve Bond, Director and | 2024 | 125,000 | (3) | – | 125,000 |
| Chief Financial Officer | 2023 | 125,000 | (3) | – | 125,000 |
| (1) | The amounts shown in the first column represent the payments made or accrued by the Company to Col Willson in the period from July 1, 2023 through June 30, 2024 and in the period from July 1, 2022 through June 30, 2023. |
| (2) | Represents the full grant date fair value of the stock awards and do not necessarily correspond to the actual value that may be realized by the holder. |
| In April 2024, we entered into an employment agreement with our new Chief Executive Officer, Ardes Johnson, providing for an initial term extending through June 30, 2027, which will be automatically renewed for additional one-year terms unless either party chooses not to renew it. Pursuant to the agreement, Mr. Johnson received an initial equity grant equal to 1,280,000 restricted stock units (“RSUs”), with a grant date value of $2,854,000, which will vest over a four-year period, subject to his continued employment with the Company, and will be entitled to earn additional RSUs on each anniversary in the form of three annual performance-based equity grants, beginning in the year ending June 30, 2025, with a target value of up to $660,000 each. | |
| (3) | The amounts shown in the first column represent the payments made or accrued by the Company to Mr. Bond in the period from July 1, 2023 through June 30, 2024 and in the period from July 1, 2022 through June 30, 2023. |
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