CEO Robert Cauley was paid $4,969,291 in fiscal year 2025, ↑ up 80.5% from fiscal year 2024 (SEC filing 0001437749-26-013376 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
$4,969,291 ↑ Robert Cauley total, FY2025 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | 79.93% Say-on-pay support, latest vote |
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BMNM's next annual pay disclosure, estimated April 27, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Robert Cauley | $1,200,407 | $1,977,609 | $1,762,548 | $0 | $0 | $0 | $28,726 | $4,969,291 |
| President and Chief Executive Officer | ||||||||
| George Haas | 914,789 | 1,605,516 | 1,347,440 | 0 | 0 | 0 | 21,059 | 3,888,804 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Robert Cauley | $4,969,291 | $2,752,423 | — | ↑ +2,216,868 |
| George Haas | 3,888,804 | 2,176,223 | — | ↑ +1,712,581 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Robert Cauley | PSU | 2026-03-01 | — | — | — | — | $1,762,548 |
| George Haas | PSU | 2026-03-01 | — | — | — | — | 1,347,440 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Robert Cauley | $0 | $1,762,548 | $0 | 100.0% |
| George Haas | 0 | 1,347,440 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Income | Option | 3,009,980 | 0.99 | — |
The Compensation Committee sets general performance goals and objectives for named executive officers at the beginning of each year, monitors overall company performance and goal achievement throughout the year, and determines salaries and bonuses at the end of the year based on company performance, goal achievement, and peer company compensation data.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-09 | 4,120,960 | 1,035,071 | 8,273 | 79.93% | Passed |
| 2023 | 2023-06-14 | 3,992,572 | 1,239,265 | 10,316 | 76.31% | Passed |
| 2020 | 2020-06-16 | 4,780,438 | 493,440 | 39,390 | 90.64% | Passed |
| 2019 | 2019-06-11 | 4,999,974 | 252,168 | 14,906 | 95.2% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-09 | 79.93%a |
| 2023 | 2023-06-14 | 76.31%b |
| 2020 | 2020-06-16 | 90.64%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “For purposes of the vote on Proposal 3, abstentions will not be counted as votes cast and will have no effect on the result of the vote.”.
c. Approved under the standard stated in the filing — “For purposes of the ratification BDO USA, LLP and approval of our executive compensation, abstentions and broker non-votes will not be counted as votes cast and will have no effect on the results of those votes.”.
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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Robert J. DwyerIndependent · Lead Independent Director · Audit · Compensation · Corporate Governance and Nominating | $220,500 | — | — | — | — | $220,500 |
| Frank E. JaumotIndependent · Departed during FY | 202,500 | — | — | — | — | 202,500 |
| Ashley B. GriffithIndependent · Audit | 30,598 | — | — | — | — | 30,598 |
| George H. Haas IVEmployee director | — | — | — | — | — | 0 |
| Robert E. CauleyEmployee director · Board Chair | — | — | — | — | — | 0 |
| Annual cash retainer | $202,500 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 6,000 / 6,000 / 6,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $453,598 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $453,598 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Bimini Capital Management | 2025 | Robert Cauley | $1,200,407 | $1,762,548 | $0 | $0 | $4,969,291 |
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.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Robert Cauley | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Summary Compensation Table” · page 20. As printed: 4,969,291. Filing ↗machine: r3 · c20 · span 268642–268651 |
| 2 | Section 01, George Haas | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Summary Compensation Table” · page 20. As printed: 3,888,804. Filing ↗machine: r6 · c20 · span 275273–275282 |
| 3 | Section 03, Robert Cauley PSU | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 4 | Section 03, George Haas PSU | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 5 | Section 08, Robert J. Dwyer | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Director Compensation”. As printed: 220,500. Filing ↗machine: span 188647–188654 |
| 6 | Section 08, Frank E. Jaumot | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Director Compensation”. As printed: 202,500. Filing ↗machine: span 190490–190497 |
| 7 | Section 08, Ashley B. Griffith | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Director Compensation”. As printed: 30,598. Filing ↗machine: span 191921–191927 |
| 8 | Section 08, George H. Haas IV | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 9 | Section 08, Robert E. Cauley | DEF 14A | 2026-04-27 | 0001437749-26-013376 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 10 | Section 06, 2026 vote | Form 8-K | 2026-06-09 | 0001437749-26-020023 | Item 5.07 · say-on-pay result. As reported: 79.93% (votes for as printed: 4,120,960). Filing ↗ |
| 11 | Section 06, 2023 vote | Form 8-K | 2023-06-14 | 0001437749-23-017414 | Item 5.07 · say-on-pay result. As reported: 76.31% (votes for as printed: 3,992,572). Filing ↗ |
| 12 | Section 06, 2020 vote | Form 8-K | 2020-06-16 | 0001518621-20-000037 | Item 5.07 · say-on-pay result. As reported: 90.64%. Filing ↗ |
| 13 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 14 | 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).machine: formula: sums + PSU ratio |
| 15 | Section 09b board cost (computed) | Computed | — | — | Cash 453,598 + equity 0 + all other 0 = 453,598, summed across the director compensation table rows.machine: formula: Σ = 453,598 |
| 16 | Bimini Capital Management (subject), Section 10b CEO total | DEF 14A | 2026-04-27 | 0001437749-26-013376 | CEO total compensation as printed in Bimini Capital Management's own proxy. As printed: 4,969,291. Filing ↗machine: r3 · c20 · span 268642–268651 |
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