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Beneficial Owner | | | Amount and Nature of Beneficial Ownership | | | Percent of Class | | ||||||
Howard Brod Brownstein | | | | | | | | | | * | | | |
Jeffrey D. Franklin | | | | | | | | | | * | | | |
Richard A. Horowitz | | | | | | | | | | | | ||
Joseph A. Molino, Jr | | | | | | | | | | ||||
| | ||||||||||||
Kenneth M. Scheriff | | | | | | | | | | * | | | |
Mitchell A. Solomon | | | | | | | | | | * | |||
| | ||||||||||||
Lawndale Capital Management, LLC | | | | | | | | | | | | ||
All directors and executive officers as a group | | | | | | | | | | | |
Name | | | Age | | | Served as Director Continuously Since | | ||||||
Nominees to Continue in Office Until the 2025 Annual Meeting of Stockholders: | | | | | | | | | | | | | |
Howard Brod Brownstein | | | | | 71 | | | | | | 2010 | | |
Richard A. Horowitz | | | | | 72 | | | | | | 1975 | | |
Directors to Serve in Office Until the 2023 Annual Meeting of Stockholders | | | | | | | | | | | | | |
Kenneth M. Scheriff | | | | | 72 | | | | | | 2005 | | |
Mitchell A. Solomon | | | | | 62 | | | | | | 2004 | | |
Directors to Serve in Office Until the 2024 Annual Meeting of Stockholder: | | | | | | | | | | | | | |
Jeffrey D. Franklin | | | | | 68 | | | | | | 2004 | | |
Richard P. Randall | | | | | 84 | | | | | | 2012 | | |
Name | | | Age | | | Served as Director Continuously Since | | ||||||
Nominees to Continue in Office Until the 2026 Annual Meeting of Stockholders: | | | | | | | | | | | | | |
Kenneth M. Scheriff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | 73 | | | | | | 2005 | | |
Mitchell A. Solomon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | 63 | | | | | | 2004 | | |
Director to Serve in Office Until the 2024 Annual Meeting of Stockholders: | | | | | | | | | | | | | |
Jeffrey D. Franklin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | 69 | | | | | | 2004 | | |
Directors to Serve in Office Until the 2025 Annual Meeting of Stockholders: | | | | | | | | | | | | | |
Howard Brod Brownstein . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | 72 | | | | | | 2010 | | |
Richard A. Horowitz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | 73 | | | | | | 1975 | | |
| | Board Diversity Matrix (as of April 13, 2022) | | | | Board Diversity Matrix (as of April 12, 2023) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Number of Directors | | | | 6 | | | | Number of Directors | | | | 5 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | Female | | | | Male | | | | | | | | | | | Non-Binary | | | | Did Not Disclose Gender | | | | | | | | Female | | | | Male | | | | | | | | | | | Non-Binary | | | | Did Not Disclose Gender | | | ||||||||||||||||||||||||
| | Part I: Gender Identity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Part I: Gender Identity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Directors | | | | | | 0 | | | | | | | 6 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | | | Directors | | | | | | 0 | | | | | | | 5 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | |
| | Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | African American or Black | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | | | African American or Black | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | |
| | Alaskan Native or Native American | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | | | Alaskan Native or Native American | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | |
| | Asian | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | | | Asian | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | |
| | Hispanic or Latinx | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | | | Hispanic or Latinx | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | |
| | Native Hawaiian or Pacific Islander | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | | | Native Hawaiian or Pacific Islander | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | |
| | White | | | | | | 0 | | | | | | | 6 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | | | White | | | | | | 0 | | | | | | | 5 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | |
| | Two or More Races or Ethnicities | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | | | Two or More Races or Ethnicities | | | | | | 0 | | | | | | | 0 | | | | | | | | | | | | | | 0 | | | | | | | 0 | | | |
| | LGBTQ+ | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | | | | | | | | LGBTQ+ | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | | | | | | |
| | Did Not Disclose Demographic Background | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | | | | | | | | Did Not Disclose Demographic Background | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | | | | | | |
Name of Director | | Cash fees ($)(1) | | Stock awards ($)(2) | | Total compensation ($) | | | Cash fees ($)(2) | | Stock Awards ($)(1) | | Total compensation ($) | | ||||||||||||||||||||||||
Howard Brod Brownstein | | | | 40,500 | | | | | -0- | | | | | 40,500 | | | | | | 40,500 | | | | | 6,875 | | | | | 47,375 | | | ||||||
Jeffrey D. Franklin | | | | 45,500 | | | | | -0- | | | | | 45,500 | | | | | | 45,500 | | | | | 6,875 | | | | | 52,375 | | | ||||||
Richard P. Randall | | | | 38,500 | | | | | -0- | | | | | 38,500 | | | | | | 35,250 | | | | | 6,875 | | | | | 42,125 | | | ||||||
Kenneth M. Scheriff | | | | 31,500 | | | | | -0- | | | | | 31,500 | | | | | | 31,500 | | | | | 6,875 | | | | | 38,375 | | | ||||||
Mitchell A. Solomon | | | | 30,500 | | | | | -0- | | | | | 30,500 | | | | | | 30,500 | | | | | 6,875 | | | | | 37,375 | | |
| | 2021 | | 2020 | | | 2022 | | 2021 | | ||||||||||||||||
Audit Fees | | | $ | 283,000 | | | | $ | 280,000 | | | | | $ | 343,500 | | | | $ | 283,000 | | | ||||
Audit-Related Fees | | | | 51,830 | | | | | 43,000 | | | | | | 37,000 | | | | | 51,830 | | | ||||
Tax Fees | | | | -0- | | | | | -0- | | | | | | -0- | | | | | -0- | | | ||||
All Other Fees | | | | 3,275 | | | | | 15,967 | | | | | | 4,580 | | | | | 3,275 | | | ||||
| | | $ | 338,105 | | | | $ | 338,967 | | | | | $ | 385,080 | | | | $ | 338,105 | | |
Name | | | Age | | | Title | |
Richard A. Horowitz | | | | | Chairman of the Board, President, Chief Executive Officer and Assistant Treasurer | | |
Joseph A. Molino, Jr. | | | | | Vice President, Chief Operating Officer, Chief Financial Officer, Secretary and Treasurer | |
Name and Principal Position | | Year | | Salary ($) | | Bonus ($)(1) | | Stock Awards ($)(2) | | Option Awards ($) | | Non-Equity Plan Compensation ($)(1) | | All other Compensation ($)(3)(4) | | Total ($) | | | Year | | Salary ($) | | Bonus ($)(1) | | Stock Awards ($)(2) | | Option Awards ($) | | Non-Equity Plan Compensation ($)(1) | | All other Compensation ($)(3)(4) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Richard A. Horowitz Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer) | | | | | 2021 | | | | | 775,000 | | | | | 375,000 | | | | | -0- | | | | | -0- | | | | | -0- | | | | | 59,792 | | | | | 1,209,792 | | | | | | | 2022 | | | | | 825,000 | | | | | 475,000 | | | | | -0- | | | | | -0- | | | | | -0- | | | | | 52,055 | | | | | 1,352,055 | | | ||||||||||||||
| | | 2020 | | | | | 775,000 | | | | | -0- | | | | | -0- | | | | | -0- | | | | | -0- | | | | | 65,330 | | | | | 840,330 | | | | | | 2021 | | | | | 775,000 | | | | | 375,000 | | | | | -0- | | | | | -0- | | | | | -0- | | | | | 59,792 | | | | | 1,209,792 | | | |||||||||||||||||
Joseph A. Molino, Jr. Vice President, Chief Operating Officer and Chief Financial Officer (Principal Financial Officer) | | | | | 2021 | | | | | 400,000 | | | | | 85,000 | | | | | 159,000 | | | | | -0- | | | | | -0- | | | | | 59,813 | | | | | 703,813 | | | | | | | 2022 | | | | | 400,000 | | | | | 125,000 | | | | | -0- | | | | | -0- | | | | | -0- | | | | | 62,151 | | | | | 587,151 | | | ||||||||||||||
| | | 2020 | | | | | 400,000 | | | | | -0- | | | | | -0- | | | | | -0- | | | | | -0- | | | | | 51,475 | | | | | 451,475 | | | | | | 2021 | | | | | 400,000 | | | | | 85,000 | | | | | 159,000 | | | | | -0- | | | | | -0- | | | | | 59,813 | | | | | 703,813 | | |
| | Option Awards | | Stock Awards | | | Option Awards | | Stock Awards | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Number of Securities Underlying Unexercized Options (#) Exercisable | | Number of Securities Underlying Unexercized Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock that have not Vested (#) | | Market Value of Shares or Units of Stock that have not Vested ($) | | | Number of Securities Underlying Unexercized Options (#) Unexercisable | | Number of Securities Underlying Unexercized Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock that have not Vested (#)(1) | | Market Value of Shares or Units of Stock that have not Vested ($) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Richard A. Horowitz Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer) | | | | | | | | | | | | | | | | | | | | | | | | | -0- | | | | | -0- | | | | | | | | | | | | | | | | | | | | | | | | | | | -0- | | | | | -0- | | | | ||||||||||||
| | | 30,000 | | | | | -0- | | | | | 7.09 | | | | | 9/4/2027 | | | | | | | | | | | | | | | | 30,000 | | | | | -0- | | | | | 7.09 | | | | | 9/4/2027 | | | | | | | | | | | | | | |||||||||||||||
Joseph A. Molino, Jr. Vice President, Chief Operating Officer and Chief Financial Officer (Principal Financial Officer) | | | | | | | | | | | | | | | | | | | | | | | | | 25,000 | | | | | 152,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | 20,000 | | | | | 101,000 | | | | ||||||||||||
| | | 41,809 | | | | | -0- | | | | | 4.74 | | | | | 6/21/2022 | | | | | | | | | | | | | | | | 15,678 | | | | | -0- | | | | | 7.86 | | | | | 4/10/2023 | | | | | | | | | | | | | | | ||||||||||||||
| | | 15,678 | | | | | -0- | | | | | 7.86 | | | | | 4/10/2023 | | | | | | | | | | | | | | | | 25,000 | | | | | -0- | | | | | 7.09 | | | | | 9/4/2027 | | | | | | | | | | | | | | | ||||||||||||||
| | | 25,000 | | | | | -0- | | | | | 7.09 | | | | | 9/4/2027 | | | | | | | | | | | | |
Plan category | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | | Weighted-average exercise price of outstanding options, warrants and rights | | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in first column) | | |||||||||
Equity compensation plans approved by security holders | | | | | 127,600 | | | | | $ | 7.41 | | | | | | 202,752 | | |
Equity compensation plans not approved by security holders | | | | | — | | | | | | — | | | | | | — | | |
TOTAL | | | | | 127,600 | | | | | $ | 7.41 | | | | | | 202,752 | | |
Year | | | Summary Compensation Table Total for PEO ($)(1) | | | Compensation Actually Paid to PEO ($)(2) | | | Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($)(3) | | | Average Compensation Actually Paid to Non-PEO Named Executive Officers ($)(4) | | | Value of Initial Fixed $100 Investment Based on Total Shareholder Return ($)(5) | | | Net Income (Loss) ($)(6) | | ||||||||||||||||||
2022 | | | | | 1,352,055 | | | | | | 1,352,055 | | | | | | 587,151 | | | | | | 560,901 | | | | | | 85.06 | | | | | | (1,476,000) | | |
2021 | | | | | 1,209,792 | | | | | | 1,209,792 | | | | | | 703,813 | | | | | | 697,313 | | | | | | 100.83 | | | | | | 2,290,000 | | |
Plan category | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | | Weighted-average exercise price of outstanding options, warrants and rights | | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in first column) | | |||||||||
Equity compensation plans approved by security holders | | | | | 178,499 | | | | | $ | 6.76 | | | | | | 203,037 | | |
Equity compensation plans not approved by security holders | | | | | — | | | | | | — | | | | | | — | | |
TOTAL | | | | | 178,499 | | | | | $ | 6.76 | | | | | | 203,037 | | |
| | | 2022 ($) | | | 2021 ($) | | ||||||
Summary Compensation Table Total for the PEO | | | | | 587,151 | | | | | | 703,813 | | |
Minus the value of Stock Awards amount in the Summary Compensation Table | | | | | — | | | | | | (159,000) | | |
Plus the year-end fair value of outstanding and unvested equity award granted in the year | | | | | — | | | | | | 152,500 | | |
Plus/(Minus) the year-over-year change in fair value of outstanding and unvested equity awards granted in prior years | | | | | (21,000) | | | | | | — | | |
Plus/(Minus) the year-over-year change in fair value of equity awards granted in prior years that vested in the year | | | | | (5,250) | | | | | | — | | |
Compensation Actually Paid to Non-PEO Named Executive Officer | | | | | 560,901 | | | | | | 697,313 | | |