Companies KORU Medical Systems, Inc.
KORU Medical Systems (KRMD): executive pay, fiscal 2025
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CEO pay, last three years
- $713,369FY2023
- $1,271,525FY2024
- $1,737,883FY2025
CEO total pay was $1,737,883 in fiscal 2025, up from $1,271,525 in fiscal 2024.
FY2025: salary $596,960 · bonus $0 · stock awards $658,794 · option awards $187,649
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Executives and directors
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Adam Kalbermatten | $163,558 | $0 | $1,023,000 | $1,377,300 | $0 | — | $6,542 | $2,570,400 |
| Chief Commercial Officer | ||||||||
| Linda Tharby | 596,960 | 0 | 658,794 | 187,649 | 280,480 | — | 14,000 | 1,737,883 |
| Chief Executive Officer | ||||||||
| Thomas Adams | 337,849 | 0 | 246,453 | 110,054 | 230,989 | — | 14,000 | 979,345 |
| Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Adam Kalbermatten | $2,570,400 | — | — | — |
| Linda Tharby | 1,737,883 | 1,271,525 | 713,369 | ↑ +466,358 |
| Thomas Adams | 979,345 | 565,049 | 555,404 | ↑ +414,296 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's goal is to provide an executive compensation program that best serves the long-term interests of its shareholders, using a pay for performance system to drive toward the achievement of increased total shareholder return.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Aon Consulting, Inc. |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Adam Kalbermatten | OPTION | 2025-08-01 | — | — | 600,000 | — | $1,377,300 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Adam Kalbermatten | $0 | $0 | $1,377,300 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Thomas Adams | Option | 35,792 | 2.35 | — |
| Thomas Adams | PSU | 37,830 | — | 219,792 |
| Thomas Adams | Option | 50,000 | 2.54 | — |
| Thomas Adams | Option | 55,583 | 3.21 | — |
| Thomas Adams | PSU | 65,546 | — | 380,822 |
| Linda Tharby | Option | 94,772 | 3.21 | — |
| Linda Tharby | Option | 105,713 | 2.35 | — |
| Linda Tharby | PSU | 167,640 | — | 973,988 |
| Linda Tharby | PSU | 175,564 | — | 1,020,027 |
| Adam Kalbermatten | RSU | 300,000 | — | 1,743,000 |
| Linda Tharby | RSU | 580,000 | — | 3,369,800 |
| Adam Kalbermatten | Option | 600,000 | 3.44 | — |
Director compensation
No director compensation table is on file for fiscal year 2025.
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $60,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 11,500 / 7,500 |
| Stock ownership guideline | $4 |
Peer group, and who names KORU Medical Systems as a peer
Companies that benchmark against KRMD
1 company names KRMD as a compensation peer
- InfuSystem Holdings, IncINFUFY2025
Each company listed discloses KRMD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named KRMD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | KORU Medical Systems, Inc. | 2025 | Linda Tharby | $596,960 | $658,794 | $187,649 | $280,480 | $1,737,883 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-19 | 25,723,379 | 91,649 | 43,106 | 99.64% | Passed |
| 2025 | 2025-05-14 | 23,167,952 | 702,827 | 81,599 | 97.06% | Passed |
| 2024 | 2024-05-09 | 26,409,104 | 541,923 | 173,897 | 97.99% | Passed |
| 2023 | 2023-05-17 | 25,941,889 | 113,998 | 27,916 | 99.56% | Passed |
| 2022 | 2022-05-06 | 28,295,976 | 1,484,846 | 135,211 | 95.01% | Passed |
| 2021 | 2021-05-18 | 23,151,539 | 241,504 | 97,293 | 98.97% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-19 | 99.64%a |
| 2025 | 2025-05-14 | 97.06%b |
| 2024 | 2024-05-09 | 97.99%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (10 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Adam Kalbermatten. DEF 14A, filed 2026-04-09. Section “Executive Compensation”. As printed: 2,570,400. View filing ↗
- Section 01, Linda Tharby. DEF 14A, filed 2026-04-09. Section “Executive Compensation”. As printed: 1,737,883. View filing ↗
- Section 01, Thomas Adams. DEF 14A, filed 2026-04-09. Section “Executive Compensation”. As printed: 979,345. View filing ↗
- Section 03, Adam Kalbermatten OPTION. DEF 14A, filed 2026-04-09. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-21. Item 5.07 · say-on-pay result. As reported: 99.64% (votes for as printed: 25,723,379). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-15. Item 5.07 · say-on-pay result. As reported: 97.06% (votes for as printed: 23,167,952). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-14. Item 5.07 · say-on-pay result. As reported: 97.99% (votes for as printed: 26,409,104). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- KORU Medical Systems, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in KORU Medical Systems, Inc.'s own proxy. As printed: 1,737,883. View filing ↗