| | Your Vote is Important to Us. Even if you plan to attend the meeting, please sign, date and return the enclosed proxy promptly or vote by telephone or the internet. Our | | |
| | Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to be Held on June Our Proxy Statement for the Report to Stockholders for the fiscal year ended December 31, https://ir.curo.com/ | | |
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| Proposal 1 | | | Election of | | | Directors are elected by a majority of votes cast unless the election is contested, in which case directors are elected by a plurality of votes cast. A majority of votes cast means that the number of shares voted “FOR” a director nominee must exceed 50% of the number of votes cast with respect to that director nominee’s election. In a contested election, | |
| Proposal 2 | | | Advisory vote approving the compensation of our named executive officers | | | This proposal is a non-binding, advisory vote. | |
| Proposal 3 | | | |||||
Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year ending December 31, | | | This proposal must be approved by a majority of the votes present in person or represented by proxy and entitled to vote at the meeting. This means that of the shares represented at the Annual Meeting and entitled to vote, a majority of them must be voted “FOR” the proposal for it to be approved. Abstentions will have the same effect as a vote “AGAINST” this proposal. | |
| Audit Committee | | | Compensation Committee | | | Nominating and Corporate Governance Committee | | | Risk and Compliance Committee | | | Strategy and Corporate Development Committee | |
| Dale E. Williams (Chair) | | | Andrew Frawley (Chair) | | | Chris Masto (Chair) | | | Gillian Van Schaick (Chair) | | | Karen Winterhof (Chair) | |
| Andrew Frawley | | | David Kirchheimer | | | | | Chad Faulkner | | | Andrew Frawley | | |
| David Kirchheimer | | | Chris Masto | | | | | Elizabeth Webster | | | David Kirchheimer | | |
| Gillian Van Schaick | | | Elizabeth Webster | | | | | Karen Winterhof | | | Chris Masto | | |
| | | | | | | | | | | | | Doug | |
| | | | | | | | | | | | | Elizabeth Webster | |
Name | | | Age | | | Position | | |||
William Baker | | | | | President and Chief Operating Officer | | ||||
Roger Dean | | | | | Executive Vice President, Chief Financial Officer and Treasurer | | ||||
Vin Thomas | | | 44 | | | Chief Legal Officer and Corporate Secretary | | |||
| | | | Chief Technology Officer | | |||||
Jillian Slagter | | 47 | | | Chief Human Resources Officer | | ||||
Peter Kalen | | | 48 | | | Chief Executive Officer, Flexiti | | |||
Tamara Schulz | | | 46 | | | Chief Accounting Officer | |
| | Cash ($)(1) | | Restricted Stock Units ($)(2) | | | Cash ($) | | Restricted Stock Units ($)(1) | | ||||||||||
Annual director retainer | | | $ | 65,000 | | | Number of restricted stock units equal to $100,000 | | | | $ | 65,000 | | | $ 140,000 | | ||||
Chairman annual retainer | | | | 40,000 | | | — | | | | | 40,000 | | | — | | ||||
Lead Independent Director annual retainer | | | | 25,000 | | | — | | ||||||||||||
Lead Independent Director annual retainer (if applicable) | | | | 25,000 | | | — | | ||||||||||||
Audit Committee chairperson annual retainer | | | | 15,000 | | | — | | | | | 25,000 | | | — | | ||||
Audit Committee member annual retainer | | | | 10,000 | | | — | | | | | 10,000 | | | — | | ||||
Compensation Committee chairperson annual retainer | | | | 13,000 | | | — | | | | | 15,000 | | | — | | ||||
Compensation Committee member annual retainer | | | | 9,000 | | | — | | | | | 9,000 | | | — | | ||||
Nominating and Corporate Governance Committee chairperson annual retainer | | | | 10,000 | | | — | | | | | 15,000 | | | — | | ||||
Nominating and Corporate Governance Committee member annual retainer | | | | 7,500 | | | — | | | | | 7,500 | | | — | | ||||
Risk and Compliance Committee chairperson annual retainer | | | | 13,000 | | | — | | | | | 15,000 | | | — | | ||||
Risk and Compliance Committee member annual retainer | | | | 9,000 | | | — | | | | | 9,000 | | | — | | ||||
Strategy and Corporate Development Committee chairperson annual retainer | | | | 13,000 | | | — | | | | | 15,000 | | | — | | ||||
Strategy and Corporate Development Committee member annual retainer | | | | 9,000 | | | — | | | | | 9,000 | | | — | |
| | | Cash ($) | | | Restricted Stock Units ($)(1) | | |||
Annual director retainer | | | | $ | 65,000 | | | | Number of restricted stock units equal to $140,000 | |
Chairman annual retainer | | | | | 40,000 | | | | — | |
Lead Independent Director annual retainer | | | | | 25,000 | | | | — | |
Audit Committee chairperson annual retainer | | | | | 25,000 | | | | — | |
Audit Committee member annual retainer | | | | | 10,000 | | | | — | |
Compensation Committee chairperson annual retainer | | | | | 15,000 | | | | — | |
Compensation Committee member annual retainer | | | | | 9,000 | | | | — | |
Nominating and Corporate Governance Committee chairperson annual retainer | | | | | 15,000 | | | | — | |
Nominating and Corporate Governance Committee member annual retainer | | | | | 7,500 | | | | — | |
Risk and Compliance Committee chairperson annual retainer | | | | | 15,000 | | | | — | |
Risk and Compliance Committee member annual retainer | | | | | 9,000 | | | | — | |
Strategy and Corporate Development Committee chairperson annual retainer | | | | | 15,000 | | | | — | |
Strategy and Corporate Development Committee member annual retainer | | | | | 9,000 | | | | — | |
Name | | | Fees Earned or Paid in Cash | | | Restricted Stock Unit Awards(1)(2) | | | Total | | |||||||||
Doug Rippel | | | | $ | 114,000 | | | | | $ | 100,000 | | | | | $ | 214,000 | | |
Chad Faulkner | | | | | 74,000 | | | | | | 100,000 | | | | | | 174,000 | | |
Andrew Frawley | | | | | 106,000 | | | | | | 100,000 | | | | | | 206,000 | | |
David Kirchheimer | | | | | 93,000 | | | | | | 100,000 | | | | | | 193,000 | | |
Chris Masto | | | | | 125,500 | | | | | | 100,000 | | | | | | 225,500 | | |
Mike McKnight | | | | | 65,000 | | | | | | 100,000 | | | | | | 165,000 | | |
Gillian Van Schaick | | | | | 97,000 | | | | | | 100,000 | | | | | | 197,000 | | |
Elizabeth Webster | | | | | 92,000 | | | | | | 100,000 | | | | | | 192,000 | | |
Dale E. Williams | | | | | 97,500 | | | | | | 100,000 | | | | | | 197,500 | | |
Karen Winterhof | | | | | 103,500 | | | | | | 100,000 | | | | | | 203,500 | | |
| Name(1) | | | Fees Earned or Paid in Cash | | | Restricted Stock Unit Awards(2)(3) | | | Dividends | | | Total | | ||||||||||||
| Doug Rippel | | | | $ | 114,000 | | | | | $ | 140,000 | | | | | $ | 2,960 | | | | | $ | 256,960 | | |
| Chad Faulkner | | | | | 74,000 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 216,960 | | |
| Andrew Frawley | | | | | 108,000 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 250,960 | | |
| David Kirchheimer(4) | | | | | 93,000 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 235,960 | | |
| Chris Masto | | | | | 130,500 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 273,460 | | |
| Mike McKnight | | | | | 65,000 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 207,960 | | |
| Gillian Van Schaick | | | | | 99,000 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 241,960 | | |
| Elizabeth Webster | | | | | 92,000 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 234,960 | | |
| Dale E. Williams | | | | | 107,500 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 250,460 | | |
| Karen Winterhof | | | | | 105,500 | | | | | | 140,000 | | | | | | 2,960 | | | | | | 248,460 | | |
Name | | | Restricted Stock Units | | |||
Doug Rippel | | | | | | | |
Chad Faulkner | | | | | | | |
Andrew Frawley | | | | | | | |
David Kirchheimer(a) | | | | | | | |
Chris Masto | | | | | | | |
Mike McKnight | | | | | | | |
Gillian Van Schaick | | | | | | | |
Elizabeth Webster | | | | | | | |
Dale E. Williams | | | | | | | |
Karen Winterhof | | | | | | |
Name and Address(1) | | | Shares Beneficially Owned | | ||||||||||||||||||||||
| Number of Shares | | Percent of Class(2) | | ||||||||||||||||||||||
Name and Address of Beneficial Owner(1) | | | Shares Beneficially Owned | | ||||||||||||||||||||||
| Number of Shares | | Percent of Class(2) | | ||||||||||||||||||||||
Empyrean Capital Overseas Master Fund, Ltd.(3) | | | | 2,128,773 | | | | | 5.11% | | | | | | 2,918,851 | | | | | 7.23% | | | ||||
OCO Capital GP LLC(4) | | | | 3,000,000 | | | | | 7.44% | | |
Name | | | Shares Beneficially Owned | | | | Shares Beneficially Owned | | ||||||||||||||||||
| Number of Shares(1) | | Percent of Class(2) | | | Number of Shares(1) | | Percent of Class(2) | | |||||||||||||||||
Chad Faulkner(3) | | | | 6,393,736 | | | | | 15.36% | | | | | | 4,309,755 | | | | | 10.68% | | | ||||
Andrew Frawley | | | | 24,195 | | | | | * | | | | | | 34,954 | | | | | * | | | ||||
Chris Masto | | | | 263,161 | | | | | * | | | | | | 273,925 | | | | | * | | | ||||
David Kirchheimer(4) | | | | 29,094 | | | | | * | | | | | | 39,858 | | | | | * | | | ||||
Mike McKnight(5) | | | | 6,407,719 | | | | | 15.39 | | | | | | 5,798,553 | | | | | 14.37 | | | ||||
Doug Rippel(6) | | | | 6,907,719 | | | | | 16.60 | | | | | | 6,918,483 | | | | | 17.15 | | | ||||
Gillian Van Schaick | | | | 7,789 | | | | | * | | | | | | 18,553 | | | | | * | | | ||||
Issac Vaughn(7) | | | | — | | | | | * | | | |||||||||||||||
Elizabeth Webster | | | | 7,789 | | | | | * | | | | | | 18,553 | | | | | * | | | ||||
Dale E. Williams | | | | 39,195 | | | | | * | | | | | | 49,959 | | | | | * | | | ||||
Karen Winterhof(7) | | | | 14,285 | | | | | * | | | |||||||||||||||
Karen Winterhof(8) | | | | 14,285 | | | | | * | | | |||||||||||||||
Don Gayhardt | | | | 847,184 | | | | | 2.00 | | | | | | 658,249 | | | | | * | | | ||||
William Baker | | | | 227,088 | | | | | * | | | | | | 306,605 | | | | | * | | | ||||
Terry Pittman | | | | 107,439 | | | | | * | | | |||||||||||||||
All directors and executive officers as a group (16 persons) | | | | 21,723,451 | | | | | 52.19% | | | |||||||||||||||
Peter Kalen | | | | 12,947 | | | | | * | | | |||||||||||||||
All directors and executive officers as a group (18 persons) | | | | 18,944,481 | | | | | 46.50% | | |
| | | | | | | | Restricted Stock | | ||||
Name | | | Options(#) | | | Units (#) | | ||||||
Chad Faulkner | | | | | — | | | | | | — | | |
Andrew Frawley | | | | | — | | | | | | — | | |
David Kirchheimer | | | | | — | | | | | | — | | |
Chris Masto | | | | | — | | | | | | — | | |
Mike McKnight | | | | | — | | | | | | — | | |
Doug Rippel | | | | | — | | | | | | — | | |
Gillian Van Schaick | | | | | — | | | | | | — | | |
Elizabeth Webster | | | | | — | | | | | | — | | |
Dale E. Williams | | | | | — | | | | | | — | | |
Karen Winterhof | | | | | — | | | | | | — | | |
Don Gayhardt | | | | | | | | | | — | | | |
William Baker | | | | | 118,044 | | | | | | — | | |
| | | | | | | | | — | | | ||
Directors and executive officers as a group | | | | | | | | | | — | | |
| | |||||
| Pay-for-Performance | | | | A significant portion of compensation for executive officers is at-risk and performance-based with metrics that align total compensation with | |
| Alignment with Stockholders | | | | Our compensation programs align executive officers’ interests with those of our stockholders, by providing equity-based forms of compensation and tying pay to Company and stock performance. We maintain stock ownership guidelines for all Section 16 officers and we remain committed to a culture of shared success through long-term equity awards. | |
| Competitive Appeal | | | | Our compensation programs’ goals are to attract, reward and retain talented and | |
| Drive Future Growth | | | | We use our compensation programs to invest in and reward talent with the greatest potential to drive the long-term growth of our | |
| | • Base Salaries. Base salary is the only fixed component of our named executive officers’ total compensation package. Our annual salary review process is based on our overall annual budget guidelines as well as individual performance, internal equity and an assessment of the impact of specific roles, which we then benchmark against our peer group. In April 2021, our Board increased the base salaries of named executive officers by amounts ranging from 0% to 3% from 2020 levels. In January 2022, our Board increased the salary of Peter Kalen, Chief Executive Officer of Flexiti, by approximately 8% to better reflect market rates for similar role and scope of duties, while keeping the salaries of Don Gayhardt, our Chief Executive Officer, and William Baker, our President and Chief Operating Officer, at 2021 levels. • Performance-Based Compensation. We align executive pay with company financial performance and stockholder returns. Our incentive compensation is largely performance-contingent, with one-half of long-term incentive awards contingent on achievement of total stockholder returns and short-term incentive awards entirely contingent on company financial performance, as follows: | | | ||||||||||||
| | Short-Term Incentive Compensation. We pay our executive officers, including named executive officers, for annual performance through a short-term incentive plan. Short-term incentive plan compensation earned by all participating employees is tied to specific, measurable, identified corporate financial objectives. Financial performance goals are rigorous and are based exclusively on objective, quantitative metrics, namely: risk adjusted revenue (50%) and adjusted pre-tax income (50%). We believe these are appropriate drivers of corporate performance and align the interests of participating employees with stockholder interests. | | | ||||||||||||
| | Our results exceeded the quantitative 2021 short-term incentive performance goals, resulting in annual cash awards at 150% of target levels. | | | ||||||||||||
| | Long-Term Incentive Compensation. Our executive officers, including our named executive officers, receive awards of restricted stock units based on a percentage of their annual base salary at time of grant, 50% of which vests ratably over three years and 50% of which vests on the last day of the performance period if the identified performance objective is achieved. Our Compensation Committee reviews our long-term compensation program on an annual basis to determine the appropriate focus on stock price appreciation and retention, while continuing to maximize motivation and align executive officers with stockholder interests. | | | ||||||||||||
| | In summary, we believe the compensation packages of our named executive officers are closely aligned with performance. For 2021, the majority of compensation was variable and performance-based: • Incentive Compensation Recoupment Policy. Our Board has approved an Incentive Compensation Recoupment Policy that allows us, in the event that there is a restatement of our financial results due to the Company’s material noncompliance with any financial reporting requirement, to recoup all short-term and long-term incentive compensation (whether in the form of cash, equity or other property), which was awarded, earned, vested or paid to a current or former Section 16 officer, | | |
| | including named executive officers, based, in whole or in part, on our achievement of one or more financial measures during the three completed fiscal years preceding the restatement. • Stock Ownership Guidelines. Our stock ownership guidelines for Section 16 officers, including named executive officers, and non-employee directors further align executive officer/director and stockholder interests. These individuals are required to beneficially own a number of shares of Company common stock having a value as determined below: | | | ||||||||||||
| | | | | Individual | | | | | | Multiple of Base Salary/Annual Cash Retainer | | | | | |
| | | | | Chief Executive | | | 5x base salary | | | | | | |||
| | | | | Other Section 16 Officers | | | | | | 2x base salary | | |
| | • Independent Compensation Consultant. The Compensation Committee has directly retained a compensation consultant, who has performed no other consulting or other services for our Company. Our Compensation Committee has evaluated the independence of its compensation consultant and determined that the consultant can provide independent and objective advice and its engagement does not present any conflicts of interest. | | |
Name and Principal Position | | | Year | | | Salary | | | Bonus(1) | | | Stock Awards(2) | | | Option Awards | | | Non-Equity Incentive Plan Compensation(3) | | | All Other Compensation(4) | | | Total | | ||||||||||||||||||||||||
Don Gayhardt | | | | | 2020 | | | | | $ | 812,807 | | | | | $ | 335,821 | | | | | $ | 3,447,693 | | | | | | — | | | | | | — | | | | | $ | 48,187 | | | | | $ | 4,644,508 | | |
CEO | | | | | 2019 | | | | | | 782,800 | | | | | | — | | | | | | 2,764,867 | | | | | | — | | | | | $ | 940,339 | | | | | | 43,008 | | | | | | 4,531,014 | | |
William Baker | | | | | 2020 | | | | | | 588,217 | | | | | | 174,981 | | | | | | 1,559,398 | | | | | | — | | | | | | — | | | | | | 663,488 | | | | | | 2,986,084 | | |
President & COO | | | | | 2019 | | | | | | 566,500 | | | | | | — | | | | | | 1,250,550 | | | | | | — | | | | | | 490,986 | | | | | | 20,262 | | | | | | 2,328,298 | | |
Terry Pittman | | | | | 2020 | | | | | | 451,643 | | | | | | 134,353 | | | | | | 478,913 | | | | | | — | | | | | | — | | | | | | 1,378,085 | | | | | | 2,442,994 | | |
EVP & CIO | | | | | 2019 | | | | | | 434,969 | | | | | | — | | | | | | 384,078 | | | | | | — | | | | | | 378,554 | | | | | | 9,906 | | | | | | 1,207,507 | | |
| Name and Principal Position | | | Year | | | Salary | | | Bonus(1) | | | Stock Awards(2) | | | Option Awards | | | Non-Equity Incentive Plan Compensation(3) | | | All Other Compensation(4) | | | Total | | ||||||||||||||||||
| Don Gayhardt CEO | | | | | 2021 | | | | | $ | 832,449 | | | | — | | | | $ | 3,520,690 | | | | — | | | | $ | 1,560,843 | | | | | $ | 26,298 | | | | | $ | 5,940,280 | | |
| | | 2020 | | | | | | 812,807 | | | | $ 335,821 | | | | | 3,447,693 | | | | — | | | | | — | | | | | | 48,187 | | | | | | 4,644,508 | | | |||
| William Baker President & COO | | | | | 2021 | | | | | | 601,797 | | | | — | | | | | 1,590,099 | | | | — | | | | | 812,426 | | | | | | 82,163 | | | | | | 3,086,485 | | |
| | | 2020 | | | | | | 588,217 | | | | 174,981 | | | | | 1,559,398 | | | | — | | | | | — | | | | | | 663,488 | | | | | | 2,986,084 | | | |||
| Peter Kalen(5)(6) CEO, Flexiti | | | | | 2021 | | | | | | 463,600 | | | | — | | | | | 1,940,909(6) | | | | — | | | | | 646,299 | | | | | | 28,889 | | | | | | 3,079,697 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name | | 401(k) Match | | LTD Coverage | | Group Life Insurance Premiums | | Individual Life Insurance Premium | | Excise Tax Gross-Up(a) | | Dividends | | Total | | | 401(k) Match | | LTD Coverage | | Group Life Insurance Premiums | | Dividends | | Private Aircraft Charter for Business Use | | Automobile Allowance | | Total | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Don Gayhardt | | | | — | | | | $ | 1,648 | | | | $ | 1,071 | | | | $ | 25,000 | | | | | — | | | | $ | 20,468 | | | | $ | 48,187 | | | | | | — | | | | $ | 858 | | | | $ | 1,026 | | | | $ | 24,414 | | | | | — | | | | | — | | | | $ | 26,298 | | | ||||||||||||||
William Baker | | | $ | 8,398 | | | | | 1,648 | | | | | 1,071 | | | | | — | | | | $ | 642,573 | | | | | 9,798 | | | | | 663,488 | | | | | $ | 8,700 | | | | | 858 | | | | | 1,026 | | | | | 10,908 | | | | $ | 60,671 | | | | | — | | | | | 82,163 | | | ||||||||||||||
Terry Pittman | | | | 8,401 | | | | | 1,648 | | | | | 1,071 | | | | | — | | | | | 1,359,974 | | | | | 6,991 | | | | | 1,378,085 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Peter Kalen | | | | — | | | | | 562 | | | | | 400 | | | | | — | | | | | — | | | | $ | 27,927 | | | | | 28,889 | | |
| Name | | | At Threshold (%)(1) | | | At Threshold ($) | | | At Target (%) | | | At Target ($) | | | At Maximum (%)(2) | | | At Maximum ($) | | ||||||||||||
| Don Gayhardt | | | | | 62.5% | | | | | $ | 520,281 | | | | 125% | | | | $ | 1,040,561 | | | | 187.5% | | | | $ | 1,560,843 | | |
| William Baker | | | | | 45% | | | | | | 270,809 | | | | 90% | | | | | 541,617 | | | | 135% | | | | | 812,426 | | |
| Peter Kalen | | | | | 45% | | | | | | 215,433 | | | | 90% | | | | | 430,866 | | | | 135% | | | | | 646,299 | | |
Title | | | Value of LTIP Award | |
Chief Executive Officer | | | 400% of then-current base salary | |
Other Named Executive Officers | | | |
| Relative TSR | | Target Achievement (%) | | Shares Earned as % of Target Achievement | | Relative TSR | | Target Achievement (%) | | Shares Earned as % of Target Achievement | | ||||
| Maximum—67th percentile | | 133% | | 125% | | Maximum – 67th percentile | | 133% | | 125% | | ||||
| >50th percentile to 67th percentile | | 100.1% to 132.9% | | 100% plus a number of shares calculated on a pro rata basis (based on the amount by which relative TSR exceeds 100% of target relative TSR) | | | | | | | 100% plus a number of shares calculated on a pro rata basis (based on the amount by which relative TSR exceeds 100% of target relative TSR) | | |||
| Target—50th percentile | | 100% | | 100% | | >50th percentile to 67th percentile | | 100.1% to 132.9% | | ||||||
| >33rd percentile to 49th percentile | | 67.1% to 99.9% | | 75% plus a number of shares calculated on a pro rata basis (based on the amount by which relative TSR exceeds 67% of target relative TSR) | �� | Target – 50th percentile | | 100% | | 100% | | ||||
| Threshold—33rd percentile | | 67% | | 75% | | | | | | | 75% plus a number of shares calculated on a pro rata basis (based on the amount by which relative TSR exceeds 67% of target relative TSR) | | |||
| <33rd percentile | | Less than 67% | | None | | >33rd percentile to 49th percentile | | 67.1% to 99.9% | | ||||||
| Threshold – 33rd percentile | | 67% | | 75% | | ||||||||||
| <33rd percentile | | Less than 67% | | None | |
Position | | | | | | Salary Multiple | |
Chief Executive Officer | | | | | | 5x base salary | |
Other Section 16 Officers | | | | | | 2x base salary | |
| | | | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Number of Securities Underlying Unexercised Options Exercisable (#) | | Number of Securities Underlying Unexercised Options Unexercisable (#)(1) | | Option Exercise Price ($)(2) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#)(3) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(4) | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(5) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(4) | | | Grant Date | | | Option Awards | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Don Gayhardt | | | | | 01/30/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 148,832 | | | | $ | 2,132,763 | | | | | 148,832 | | | | $ | 2,132,763 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Grant Date | | | Number of Securities Underlying Unexercised Options Exercisable (#) | | Number of Securities Underlying Unexercised Options Unexercisable (#)(1) | | Option Exercise Price ($)(2) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#)(3) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(4) | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(5) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(4) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 03/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 92,859 | | | | | 1,330,669 | | | | | 139,288 | | | | | 1,995,997 | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 115,622 | | | | $ | 1,851,108 | | | | | 115,622 | | | | $ | 1,851,108 | | | ||||||||||||||||||||||||
| | | 02/05/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,326 | | | | | 47,662 | | | | | — | | | | | — | | | | | | | 1/30/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 99,222 | | | | | 1,588,544 | | | | | 148,832 | | | | | 2,382,800 | | | ||||||||||||||||||
| | | 03/13/2017 | | | | | 10,476 | | | | | — | | | | $ | 8.86 | | | | | 1/1/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 3/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 46,430 | | | | | 743,344 | | | | | 139,288(6) | | | | | 2,230,000 | | | |||||||||||||||||||
| | | 03/28/2016 | | | | | 8,028 | | | | | — | | | | | 3.39 | | | | | 1/1/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 3/13/2017 | | | | | 10,476 | | | | | — | | | | $ | 8.86 | | | | | 1/1/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
Don Gayhardt | | | | | 05/07/2012 | | | | | 563,052 | | | | | — | | | | | 2.68 | | | | | 1/1/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 3/28/2016 | | | | | 8,028 | | | | | — | | | | | 3.39 | | | | | 1/1/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||
| | | 01/30/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 67,317 | | | | | 964,653 | | | | | 67,317 | | | | | 964,653 | | | | | | 1/29/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 52,220 | | | | | 836,042 | | | | | 52,220 | | | | | 836,042 | | | |||||||||||||||||||
| | | 03/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 42,000 | | | | | 601,860 | | | | | 63,000 | | | | | 902,790 | | | | | | | 1/30/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 44,878 | | | | | 718,497 | | | | | 67,317 | | | | | 1,077,745 | | | ||||||||||||||||||
| | | 02/05/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 892 | | | | | 12,782 | | | | | — | | | | | — | | | | | | 3/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 21,000 | | | | | 336,210 | | | | | 63,000(6) | | | | | 1,008,630 | | | |||||||||||||||||||
| | | 03/13/2017 | | | | | 5,076 | | | | | — | | | | | 8.86 | | | | | 1/1/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 3/13/2017 | | | | | 5,076 | | | | | — | | | | | 8.86 | | | | | 1/1/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| | | 06/30/2016 | | | | | 86,400 | | | | | 21,600 | | | | | 3.72 | | | | | 5/1/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 6/30/2016 | | | | | 108,000 | | | | | — | | | | | 3.72 | | | | | 5/1/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
William Baker | | | | | 03/28/2016 | | | | | 4,968 | | | | | — | | | | | 3.39 | | | | | 1/1/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 3/28/2016 | | | | | 4,968 | | | | | — | | | | | 3.39 | | | | | 1/1/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||
| | | 01/30/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 20,674 | | | | | 296,258 | | | | | 20,674 | | | | | 296,258 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 03/15/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 12,900 | | | | | 184,857 | | | | | 19,349 | | | | | 277,271 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 02/05/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 685 | | | | | 9,816 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/13/2017 | | | | | 3,888 | | | | | — | | | | | 8.86 | | | | | 1/1/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 6/30/2016 | | | | | 28,800 | | | | | 7,200 | | | | | 3.72 | | | | | 5/1/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Terry Pittman | | | | | 3/28/2016 | | | | | 4,032 | | | | | — | | | | | 3.39 | | | | | 1/1/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/10/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 83,591 | | | | | 1,338,291 | | | | | 37,996(7) | | | | | 608,316 | | |
| RESOLVED, that the Company’s stockholders approve, on an advisory basis, the compensation of the Company’s named executive officers disclosed in “Executive Compensation” in the Proxy Statement for the Company’s Annual Meeting. | |
Equity Compensation Plan Information | | ||||||||||||||||||
Plan category | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) | | | Weighted-average exercise price of outstanding options, warrants and rights (b) | | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)* | | |||||||||
Equity compensation plans approved by security holders | | | | | 2,901,617 | | | | | $ | 3.74 | | | | | | 2,079,555 | | |
Equity compensation plans not approved by security holders | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 2,901,617 | | | | | $ | 3.74 | | | | | | 2,079,555 | | |
| | 2020 | | 2019 | | | 2021 | | 2020 | | ||||||||||||||||
Audit Fees(1) | | | $ | 2,327,183 | | | | $ | 3,126,783 | | | | | $ | 3,202,026 | | | | $ | 2,327,183 | | | ||||
Audit-Related Fees(2) | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Tax Fees(3) | | | | 225,064 | | | | | 369,022 | | | | | | 272,077 | | | | | 225,064 | | | ||||
All Other Fees(4) | | | | 5,685 | | | | | 3,790 | | | | | | 7,464 | | | | | 5,685 | | | ||||
Total Fees | | | $ | 2,557,932 | | | | $ | 3,499,595 | | | | | $ | 3,481,567 | | | | $ | 2,557,932 | | |