Companies Solana Co
Solana (HSDT): executive pay, fiscal 2025
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CEO pay, last three years
- $1,635,226FY2023
- $1,269,419FY2024
- $2,125,594FY2025
CEO total pay was $2,125,594 in fiscal 2025, up from $1,269,419 in fiscal 2024.
FY2025: salary $419,000 · bonus $890,000 · stock awards $0 · option awards $636,456
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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 |
|---|---|---|---|---|---|---|---|---|
| Joseph Chee | $91,304 | $213,804 | $6,632,526 | $0 | $0 | $0 | $578 | $6,938,212 |
| Executive Chairman | ||||||||
| Dane Andreeff | 419,000 | 890,000 | 0 | 636,456 | 146,650 | 0 | 33,488 | 2,125,594 |
| President and Chief Executive Officer | ||||||||
| Jeffrey Mathiesen | 401,000 | 610,000 | 0 | 317,990 | 112,280 | 0 | 38,083 | 1,479,353 |
| Chief Financial Officer, Treasurer and Secretary | ||||||||
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 |
|---|---|---|---|---|
| Joseph Chee | $6,938,212 | — | — | — |
| Dane Andreeff | 2,125,594 | 1,269,419 | 1,635,226 | ↑ +856,175 |
| Jeffrey Mathiesen | 1,479,353 | 874,024 | 1,058,445 | ↑ +605,329 |
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 compensation program for the Company’s named executive officers for 2025 had three primary components: base salary, annual bonus and equity grants. Base salaries are intended to provide a fixed component of compensation reflecting skill sets, experience, roles and responsibilities, while equity-based incentive awards are designed to align the interests of the Company with those of its employees and consultants.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Grant Thornton LLP |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
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 |
|---|---|---|---|---|---|---|---|
| Joseph Chee | RSU | — | — | — | — | — | $6,632,526 |
| Dane Andreeff | Option | — | — | — | — | — | 636,456 |
| Jeffrey Mathiesen | Option | — | — | — | — | — | 317,990 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Joseph Chee | $6,632,526 | $0 | $0 | 0.0% |
| Dane Andreeff | 0 | 0 | 636,456 | 0.0% |
| Jeffrey Mathiesen | 0 | 0 | 317,990 | 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 |
|---|---|---|---|---|
| Dane Andreeff | RSU | 138 | — | $11,587 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Blane WalterIndependent · Lead Independent Director · Audit | $93,854 | $0 | $29,204 | — | $0 | $123,058 |
| Paul BuckmanIndependent · Audit (Chair) · Compensation · Governance | 78,854 | 0 | 29,204 | — | 0 | 108,058 |
| Edward M. StrawIndependent · Audit · Compensation (Chair) · Governance | 75,854 | 0 | 29,204 | — | 0 | 105,058 |
| Sherrie PerkinsIndependent · Compensation · Governance (Chair) | 65,354 | 0 | 29,204 | — | 0 | 94,558 |
| Jeffrey S. MathiesenEmployee director · Departed during FY | 0 | 0 | 0 | — | 0 | 0 |
| Joseph CheeEmployee director · Board Chair · Partial-year service | 0 | 0 | 0 | — | 0 | 0 |
| Dane C. AndreeffEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Cosmo JiangNot independent · Partial-year service · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $35,000 |
|---|---|
| Annual equity retainer | $50,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 7,500 / 16,000 / 10,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $313,916 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $313,916 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Solana as a peer
Companies that benchmark against HSDT
No companies currently name HSDT as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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 | Solana Co | 2025 | Dane Andreeff | $419,000 | $0 | $636,456 | $146,650 | $2,125,594 |
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 |
|---|---|---|---|---|---|---|
| 2024 | 2024-06-27 | 683,463 | 225,888 | 7,679 | 74.53% | Passed |
| 2021 | 2021-05-25 | 908,827 | 73,815 | 2,616 | 92.24% | Passed |
| 2016 | 2016-09-15 | 35,306,207 | 97,549 | — | 99.72% | 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 |
|---|---|---|
| 2024 | 2024-06-27 | 74.53%a |
| 2021 | 2021-05-25 | 92.24%b |
| 2016 | 2016-09-15 | 99.72%c |
a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against the matter.”.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against the matter.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the same effect as a vote "Against" Proposal 3.”.
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.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (22 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, Joseph Chee. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 17. As printed: 6,938,212. View filing ↗
- Section 01, Dane Andreeff. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 17. As printed: 2,125,594. View filing ↗
- Section 01, Jeffrey Mathiesen. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 17. As printed: 1,479,353. View filing ↗
- Section 03, Joseph Chee RSU. DEF 14A, filed 2026-04-10. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, Dane Andreeff Option. DEF 14A, filed 2026-04-10. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, Jeffrey Mathiesen Option. DEF 14A, filed 2026-04-10. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. 10-K, filed 2026-03-31. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Blane Walter. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 123,058. View filing ↗
- Section 08, Paul Buckman. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 108,058. View filing ↗
- Section 08, Edward M. Straw. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 105,058. View filing ↗
- Section 08, Sherrie Perkins. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 94,558. View filing ↗
- Section 08, Jeffrey S. Mathiesen. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Joseph Chee. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Dane C. Andreeff. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Cosmo Jiang. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-28. Item 5.07 · say-on-pay result. As reported: 74.53% (votes for as printed: 683,463). View filing ↗
- Section 06, 2021 vote. Form 8-K, filed 2021-05-27. Item 5.07 · say-on-pay result. As reported: 92.24%. View filing ↗
- Section 06, 2016 vote. Form 8-K, filed 2016-09-20. Item 5.07 · say-on-pay result. As reported: 99.72%. 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).
- Section 09b board cost (computed). Computed. Cash 313,916 + equity 0 + all other 0 = 313,916, summed across the director compensation table rows.
- Solana Co (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Solana Co's own proxy. As printed: 2,125,594. View filing ↗