Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-12-30

CLEARONE INC (CLRO)

CEO Derek Graham was paid $283,053 in fiscal year 2024, ↓ down 22.7% from fiscal year 2023 (SEC filing 0001753926-25-001907 ↗): 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.

$283,053 ↓
Derek Graham total, FY2024
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
100%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Derek Graham (Chief Executive Officer), FY2024 total compensation $283,053 (base salary $238,621) [exec_comp, SEC accession 0001753926-25-001907, filed 2025-12-17]

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CLRO's next annual pay disclosure, estimated December 17, 2026.est. Filing ↗

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Derek Graham$238,621——$24,336$0—$20,096$283,053
Chief Executive Officer
Simon Brewer193,846——40,5600—0234,406
Chief Financial Officer and Corporate 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Derek Graham$283,053$366,047$221,625↓ −82,994
Simon Brewer234,406———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against CLRO
No companies currently name CLRO as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2024 total
Derek GrahamCEO$283,053
Simon BrewerCFO$234,406
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2024 total
Bruce WhaleyIndependent Director$36,400
Eric L. RobinsonIndependent Director$70,200
Larry R. HendricksIndependent Director$36,400
Lisa B. HigleyDirector$58,500
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Simon BrewerOption6,6677.35—
Derek GrahamOption4,0007.35—
Derek GrahamOption66715.15—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee believes that it is most appropriate to determine base salaries with a focus on the market practices for similarly situated officers at comparable companies as adjusted to reflect the individual officer’s performance during the preceding year. Cash bonuses and long-term incentives are better able to reflect our company’s performance as measured by financial metrics and are well-suited to motivate officers to achieve specific performance goals.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policy—
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-12-291,203,66200100%Passed
20222022-11-1613,428,891991,78524,17393.12%Passed
20192019-12-3013,388,60686,26711,45099.36%Passed
20182018-10-254,485,757172,32016,33296.3%Passed
20172017-04-273,285,513301,27984,63591.6%Passed
20162016-06-084,245,523298,22254,90893.44%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 yearMeeting dateApproval — company's computation
20252025-12-29100%a
20222022-11-1693.12%b
20192019-12-3099.36%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.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Eric L. RobinsonIndependent · Audit (Chair) · Nominating (Chair) · Special Transaction · Compensation$70,200—$0—$0$70,200
Lisa B. HigleyNot independent58,500—0—058,500
Larry R. HendricksIndependent · Special Transaction36,400—0—036,400
Bruce WhaleyIndependent · Audit · Compensation · Nominating · Special Transaction36,400—0—036,400
Youngsun ParkIndependent · Audit · Newly elected——————
Eric BoehnkeNot independent · Newly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$201,500
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$201,500

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1CLEARONE INC2024Derek Graham$238,621—$24,336$0$283,053

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.

10d

Frequently asked questions

Who was the highest-paid executive at CLEARONE INC in fiscal 2024?
As disclosed, Derek Graham (Chief Executive Officer) was the highest-paid executive at CLEARONE INC in fiscal 2024, with total compensation of $283,053.
How did shareholders vote on CLEARONE INC's executive compensation?
As disclosed, 100% of shareholders supported CLEARONE INC's executive compensation in the latest say-on-pay vote.
How much does CLEARONE INC spend in total on board compensation for fiscal 2024?
As disclosed, CLEARONE INC reported total board compensation of $201,500 for fiscal 2024.

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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Derek GrahamDEF 14A2025-12-170001753926-25-001907Section “Executive Compensation”. As printed: 283,053. Filing ↗
2Section 01, Simon BrewerDEF 14A2025-12-170001753926-25-001907Section “Executive Compensation”. As printed: 234,406. Filing ↗
3Section 08, Eric L. RobinsonDEF 14A2025-12-170001753926-25-001907Section “Director Compensation”. As printed: 70,200. Filing ↗machine: span 268763–269066
4Section 08, Lisa B. HigleyDEF 14A2025-12-170001753926-25-001907Section “Director Compensation”. As printed: 58,500. Filing ↗machine: span 265903–266206
5Section 08, Larry R. HendricksDEF 14A2025-12-170001753926-25-001907Section “Director Compensation”. As printed: 36,400. Filing ↗machine: span 259587–259890
6Section 08, Bruce WhaleyDEF 14A2025-12-170001753926-25-001907Section “Director Compensation”. As printed: 36,400. Filing ↗machine: span 271619–271922
7Section 08, Youngsun ParkDEF 14A2025-12-170001753926-25-001907Section “Director Compensation”. As printed: —. Filing ↗
8Section 08, Eric BoehnkeDEF 14A2025-12-170001753926-25-001907Section “Director Compensation”. As printed: —. Filing ↗
9Section 06, 2025 voteForm 8-K2025-12-300001753926-25-001997Item 5.07 · say-on-pay result. As reported: 100% (votes for as printed: 1,203,662). Filing ↗
10Section 06, 2022 voteForm 8-K2022-11-180001753926-22-001488Item 5.07 · say-on-pay result. As reported: 93.12% (votes for as printed: 13,428,891). Filing ↗
11Section 06, 2019 voteForm 8-K2020-01-020001437749-20-000045Item 5.07 · say-on-pay result. As reported: 99.36% (votes for as printed: 13,388,606). Filing ↗
12Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
13Section 09b board cost (computed)Computed——Cash 201,500 + equity 0 + all other 0 = 201,500, summed across the director compensation table rows.machine: formula: Σ = 201,500
14CLEARONE INC (subject), Section 10b CEO totalDEF 14A2025-12-170001753926-25-001907CEO total compensation as printed in CLEARONE INC's own proxy. As printed: 283,053. Filing ↗