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| | | | A-1 | | | |
| | | | B-1 | | | |
| Proposal 1: Election of Directors | | | The | |
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| Proposal 2: Ratify Selection of Independent Registered Public Accounting Firm | | | The affirmative vote of the holders of a majority of the shares of Common Stock | |
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| Proposal 3: | | | The affirmative vote of the holders of a majority of the | |
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| Proposal | ||||
| | The affirmative vote of the holders of a majority of the shares of Common Stock | |
| | | | executive officers, as described in this proxy statement. Abstentions will be treated as votes | |
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| Proposal | | | Approval of the adjournment of the annual meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of Proposals 2 through | |
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Name and Address of Beneficial Owner(1) | | | Number of Shares of Common Stock Beneficially Owned | | | Percent of Shares of Common Stock Beneficially Owned | | | Number of Shares of Common Stock Underlying Series D Preferred Beneficially Owned | | | Percent of Shares of Common Stock Underlying Series D Preferred Beneficially Owned | | | Number of Shares of Common Stock Underlying Series E Preferred Beneficially Owned | | | Percent of Shares of Common Stock Underlying Series E Preferred Beneficially Owned | | ||||||||||||||||||
Five percent or more beneficial owners: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mistral Spa Holdings, LLC(2) | | | | | 319,929 | | | | | | 10.2% | | | | | | 120,750 | | | | | | 71.8% | | | | | | — | | | | | | — | | |
Calm.com, Inc.(3) | | | | | 443,547 | | | | | | 13.20% | | | | | | — | | | | | | — | | | | | | 443,547 | | | | | | 100.00% | | |
Directors and named executive officers: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Douglas Satzman | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Edward Jankowski | | | | | 16,281 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Andrew Perlman | | | | | 28,928 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Anastasia Nyrkovskaya | | | | | 10,320 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Janine Canale | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Bruce T. Bernstein(4) | | | | | 73,753 | | | | | | 2.5% | | | | | | 19,671 | | | | | | 11.6% | | | | | | — | | | | | | — | | |
Donald E. Stout(5) | | | | | 17,232 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Salvatore Giardina(6) | | | | | 11,500 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Andrew R. Heyer(2)(7) | | | | | 319,929 | | | | | | 10.2% | | | | | | 120,750 | | | | | | 71.8% | | | | | | — | | | | | | — | | |
All current directors and officers as a group (5 individuals)(8): | | | | | 422,414 | | | | | | 13.2% | | | | | | 140,421 | | | | | | 83.5% | | | | | | — | | | | | | — | | |
Name and Address of Beneficial Owner(1) | | | Number of Shares of Common Stock Beneficially Owned | | | Percent of Shares of Common Stock Beneficially Owned | | ||||||
Directors and named executive officers: | | | | | | | | | | | | | |
Douglas Satzman(2) | | | | | 100,000 | | | | | | * | | |
Edward Jankowski | | | | | 5,425 | | | | | | * | | |
Bruce T. Bernstein(3) | | | | | 56,486 | | | | | | * | | |
Donald E. Stout(4) | | | | | 49,291 | | | | | | * | | |
Robert Weinstein(5) | | | | | 46,250 | | | | | | * | | |
Michael Lebowitz(6) | | | | | 37,500 | | | | | | * | | |
All current directors and officers as a group (5 individuals)(7): | | | | | 289,527 | | | | | | * | | |
Name | | | Age | | | Position(s) with the Company | |
Doug Satzman | | | | | Chief Executive Officer and Director | | |
Bruce T. Bernstein*(1)(2)(3) | | | | | Chairman of the Board of Directors | | |
| | | | Director | | ||
Donald E. Stout*(1)(2)(3) | | | | | Director | | |
| | | | Director | |
Name and principal position | | Year | | Salary ($) | | Incentive Pay ($)(1) | | Equity Awards ($)(2) | | Total ($) | | | Year | | Salary ($) | | Incentive Pay ($) | | Equity Awards ($)(1) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||
Douglas Satzman(2) | | | | 2019 | | | | | 344,833 | | | | | — | | | | | 315,000 | | | | | 659,833 | | | ||||||||||||||||||||||||||||||||||||
Edward Jankowski(3) | | | | 2018 | | | | | 250,000 | | | | | — | | | | | — | | | | | 250,000 | | | | | | 2019 | | | | | 375,000 | | | | | — | | | | | — | | | | | 375,000 | | | ||||||||||
| | | | 2017 | | | | | 375,000 | | | | | 125,000 | | | | | 361,301 | | | | | 861,301 | | | | | | 2018 | | | | | 250,000 | | | | | — | | | | | — | | | | | 250,000 | | | ||||||||||
Andrew D. Perlman(4) | | | | 2018 | | | | | 138,000 | | | | | — | | | | | — | | | | | 138,000 | | | ||||||||||||||||||||||||||||||||||||
| | | | 2017 | | | | | 450,000 | | | | | 125,000 | | | | | 608,562 | | | | | 1,183,562 | | | ||||||||||||||||||||||||||||||||||||
Janine Canale(5) | | | | 2018 | | | | | 147,500 | | | | | 20,000 | | | | | — | | | | | 167,500 | | | ||||||||||||||||||||||||||||||||||||
| | | | 2017 | | | | | 130,000 | | | | | — | | | | | — | | | | | 130,000 | | | ||||||||||||||||||||||||||||||||||||
Anastasia Nyrkovskaya(6) | | | | 2018 | | | | | 311,300 | | | | | — | | | | | — | | | | | 311,300 | | | ||||||||||||||||||||||||||||||||||||
| | | | 2017 | | | | | 375,000 | | | | | 225,000 | | | | | 361,301 | | | | | 961,301 | | |
| | | Options Awards | | ||||||||||||||||||
Name | | | Number of securities underlying unexercised options (#) exercisable | | | Number of securities underlying unexercised options (#) un-exercisable | | | Option exercise price ($) | | | Option expiration date | | |||||||||
Edward Jankowski | | | | | 8,333 | | | | | | 4,166 | | | | | | 42.40 | | | | January 17, 2027 | |
Andrew Perlman | | | | | 3,125 | | | | | | — | | | | | | 636.00 | | | | February 11, 2023 | |
Janine Canale | | | | | — | | | | | | 2,500 | | | | | | — | | | | May 15, 2028 | |
Anastasia Nyrkovskaya | | | | | 1,500 | | | | | | — | | | | | | 570.00 | | | | May 6, 2023 | |
Anastasia Nyrkovskaya | | | | | 1,500 | | | | | | — | | | | | | 820.00 | | | | February 20, 2024 | |
Anastasia Nyrkovskaya | | | | | 14,583 | | | | | | — | | | | | | 31.00 | | | | April 4, 2026 | |
Anastasia Nyrkovskaya | | | | | 7,291 | | | | | | — | | | | | | 42.40 | | | | January 17, 2027 | |
| | | Options Awards | | | Stock Awards | | |||||||||||||||||||||||||||
Name | | | Number of securities underlying unexercised options (#) exercisable | | | Number of securities underlying unexercised options (#) un- exercisable | | | Option exercise price ($) | | | Option expiration date | | | Number of shares of units of stock that have not vested (#) | | | Market value of shares of units of stock that have not vested ($) | | |||||||||||||||
Doug Satzman(1) | | | | | — | | | | | | 25,000 | | | | | | 12.60 | | | | February 11, 2023 | | | | | 12,500(2) | | | | | | 25,125(3) | | |
Edward Jankowski | | | | | — | | | | | | — | | | | | | — | | | | — | | | | | — | | | | | | — | | |
Name | | | Fees Earned or Paid in Cash ($) | | | Option Awards ($)(1) | | | Total ($) | | |||||||||
Bruce T. Bernstein(2) | | | | | 50,000 | | | | | | — | | | | | | 50,000 | | |
John Engelman(3) | | | | | 50,000 | | | | | | — | | | | | | 50,000 | | |
Donald E. Stout(4) | | | | | 50,000 | | | | | | — | | | | | | 50,000 | | |
Salvatore Giardina(5) | | | | | 50,000 | | | | | | — | | | | | | 50,000 | | |
Richard K. Abbe(6) | | | | | 50,000 | | | | | | — | | | | | | 50,000 | | |
Andrew R. Heyer(7) | | | | | 50,000 | | | | | | — | | | | | | 50,000 | | |
Name | | | Fees Earned or Paid in Cash ($) | | | Option Awards ($)(1) | | | Total ($) | | |||||||||
Bruce T. Bernstein(2) | | | | | 45,000 | | | | | | 35,700 | | | | | | 80,700 | | |
Donald E. Stout(3) | | | | | 45,000 | | | | | | 33,600 | | | | | | 78,600 | | |
Salvatore Giardina(4) | | | | | 50,000 | | | | | | 35,700 | | | | | | 85,700 | | |
Andrew R. Heyer(5) | | | | | 45,000 | | | | | | 31,500 | | | | | | 76,500 | | |
Plan Category | | No. of securities to be issued upon exercise of outstanding options, warrants and rights | | Weighted-average exercise price of outstanding options, warrants and rights ($) | | No. of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in the first column) | | | No. of securities to be issued upon exercise of outstanding options, warrants and rights | | Weighted- average exercise price of outstanding options, warrants and rights ($) | | No. of securities Remaining available for future issuance under equity compensation plans (excluding securities reflected in the first column) | | ||||||||||||||||||||||||
Total equity compensation plans approved by security holders(1)(2) | | | | 119,729 | | | | $ | 4.34 | | | | | 235,271 | | | | | | 45,964 | | | | $ | 827.37 | | | | | 762,052 | | |
| | 2018 | | 2017 | | | 2019 | | 2018 | | ||||||||||||||||
Audit fees(1) | | | $ | 346,250 | | | | $ | 431,325 | | | | | $ | 382,750 | | | | $ | 346,250 | | | ||||
Audit-related fees(2) | | | | 103,800 | | | | | 25,450 | | | | | | 138,500 | | | | | 103,800 | | | ||||
Total | | | $ | 450,050 | | | | $ | 456,775 | | | | | $ | 521,250 | | | | $ | 450,050 | | |
Fiscal Year | | | Awards Granted | | | Basic Weighted Average Number of Common Shares Outstanding(A) | | | Gross Burn Rate(B) | | |||||||||
For the period ended September 8, 2020 | | | | | 724,531 | | | | | | 32,473,294 | | | | | | 2.2% | | |
2019 | | | | | 35,833 | | | | | | 1,634,444 | | | | | | 2.2% | | |
2018 | | | | | 557 | | | | | | 484,545 | | | | | | 0.1% | | |
Three-Year Average | | | | | | | | | | | | | | | | | 1.5% | | |
Name and Position | | | Dollar Value | | | Number of Shares | | ||||||
Executive Group | | | | | — | | | | | | — | | |
Non-Executive Director Group | | | | | — | | | | | | — | | |
Non-Executive Officer Employee Group | | | | $ | 421,877 | | | | | | 96,319 | | |