CEO James Cunniff was paid $1,812,918 in fiscal year 2026, ↑ up 22.0% from fiscal year 2025 (SEC filing 0001437749-26-031465 ↗): 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.
$1,812,918 ↑ James Cunniff total, FY2026 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | 93.84% Say-on-pay support, latest vote |
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ELMD's next annual pay disclosure, estimated September 29, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| James Cunniff | $536,800 | $0 | $407,150 | $405,688 | $448,864 | $0 | $14,416 | $1,812,918 |
| President and Chief Executive Officer | ||||||||
| Bradley Nagel | 335,500 | 0 | 126,935 | 127,837 | 224,432 | 0 | 21,460 | 836,164 |
| 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 | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| James Cunniff | $1,812,918 | $1,486,329 | $3,002,607 | ↑ +326,589 |
| Bradley Nagel | 836,164 | 756,674 | 552,903 | ↑ +79,490 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses ELMD 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 ELMD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2026 total |
|---|---|---|
| Andrea M. Walsh | Independent Director | $133,010 |
| Andrew J. Summers | Independent Director | $130,010 |
| Gregory J. Fluet | Independent Director | $135,010 |
| Joseph L. Galatowitsch | Independent Director | $128,010 |
| Kathleen A. Tune | Lead Independent Director | $160,510 |
| Kathleen S. Skarvan | Chair of the Board | $153,010 |
| Stan K. Erickson | Independent Director | $141,760 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| James Cunniff | Option | 120,313 | 10.71 | — |
| Bradley Nagel | Option | 2,633 | 10.71 | — |
| Bradley Nagel | Option | 2,166 | 10.25 | — |
| Bradley Nagel | Option | 4,067 | 17.25 | — |
The Company's compensation program is designed to reward executive officers for their individual performance and contributions to overall business objectives, and for achieving and surpassing the financial goals set by the Board. The Board believes that stock-based compensation promotes the creation of long-term shareholder value and aligns the interests of management with shareholders by ensuring a portion of total compensation is at risk and changes in value with the company's securities.
| 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 |
|---|---|---|---|---|---|---|
| 2025 | 2025-11-14 | 4,713,558 | 309,673 | 19,521 | 93.84% | Passed |
| 2024 | 2024-11-15 | 4,645,654 | 486,736 | 30,648 | 90.52% | Passed |
| 2023 | 2023-11-10 | 3,990,197 | 54,887 | 22,218 | 98.64% | Passed |
| 2022 | 2022-11-11 | 4,312,956 | 170,780 | 545,430 | 96.19% | Passed |
| 2021 | 2021-11-12 | 4,161,610 | 172,939 | 7,703 | 96.01% | Passed |
| 2020 | 2020-11-13 | 4,631,798 | 444,931 | 54,648 | 91.24% | 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 |
|---|---|---|
| 2025 | 2025-11-14 | 93.84%a |
| 2024 | 2024-11-15 | 90.52%b |
| 2023 | 2023-11-10 | 98.64%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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kathleen A. TuneIndependent · Audit | $78,250 | $82,260 | — | — | — | $160,510 |
| Kathleen S. SkarvanIndependent · Board Chair · Personnel and Compensation | 70,750 | 82,260 | — | — | — | 153,010 |
| Stan K. EricksonIndependent · Audit (Chair) | 59,500 | 82,260 | — | — | — | 141,760 |
| Gregory J. FluetIndependent · Audit | 52,750 | 82,260 | — | — | — | 135,010 |
| Andrea M. WalshIndependent · Nominating and Governance | 50,750 | 82,260 | — | — | — | 133,010 |
| Andrew J. SummersIndependent · Personnel and Compensation · Departed during FY | 47,750 | 82,260 | — | — | — | 130,010 |
| Joseph L. GalatowitschIndependent · Nominating and Governance | 45,750 | 82,260 | — | — | — | 128,010 |
| James L. CunniffEmployee director | — | — | — | — | — | 0 |
| Annual cash retainer | $40,000 |
|---|---|
| Annual equity retainer | $82,260 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 10,000 / 7,000 |
| Stock ownership guideline | — |
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $405,500 |
| Equity awards (grant-date value) | $575,820 |
| All other compensation | $0 |
| Total cost of the board | $981,320 |
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 | Electromed | 2026 | James Cunniff | $536,800 | $407,150 | $405,688 | $448,864 | $1,812,918 |
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, James Cunniff | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Executive Compensation”. As printed: 1,812,918. Filing ↗machine: r1 · c24 · span 337437–337446 |
| 2 | Section 01, Bradley Nagel | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Executive Compensation”. As printed: 836,164. Filing ↗machine: r3 · c24 · span 347311–347318 |
| 3 | Section 07, pay ratio | 10-K | 2026-08-25 | 0001437749-26-028914 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 4 | Section 08, Kathleen A. Tune | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Director Compensation”. As printed: 160,510. Filing ↗machine: span 539415–539458 |
| 5 | Section 08, Kathleen S. Skarvan | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Director Compensation”. As printed: 153,010. Filing ↗machine: span 532000–532103 |
| 6 | Section 08, Stan K. Erickson | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Director Compensation”. As printed: 141,760. Filing ↗machine: span 520840–520943 |
| 7 | Section 08, Gregory J. Fluet | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Director Compensation”. As printed: 135,010. Filing ↗machine: span 524577–524680 |
| 8 | Section 08, Andrea M. Walsh | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Director Compensation”. As printed: 133,010. Filing ↗machine: span 543091–543194 |
| 9 | Section 08, Andrew J. Summers | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Director Compensation”. As printed: 130,010. Filing ↗machine: span 535678–535781 |
| 10 | Section 08, Joseph L. Galatowitsch | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Director Compensation”. As printed: 128,010. Filing ↗machine: span 528320–528423 |
| 11 | Section 08, James L. Cunniff | DEF 14A | 2026-09-29 | 0001437749-26-031465 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 12 | Section 06, 2025 vote | Form 8-K | 2025-11-18 | 0001437749-25-035598 | Item 5.07 · say-on-pay result. As reported: 93.84% (votes for as printed: 4,713,558). Filing ↗ |
| 13 | Section 06, 2024 vote | Form 8-K | 2024-11-18 | 0000897101-24-000581 | Item 5.07 · say-on-pay result. As reported: 90.52% (votes for as printed: 4,645,654). Filing ↗ |
| 14 | Section 06, 2023 vote | Form 8-K | 2023-11-15 | 0000897101-23-000503 | Item 5.07 · say-on-pay result. As reported: 98.64% (votes for as printed: 3,990,197). Filing ↗ |
| 15 | 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) |
| 16 | Section 09b board cost (computed) | Computed | — | — | Cash 405,500 + equity 575,820 + all other 0 = 981,320, summed across the director compensation table rows.machine: formula: Σ = 981,320 |
| 17 | Electromed (subject), Section 10b CEO total | DEF 14A | 2026-09-29 | 0001437749-26-031465 | CEO total compensation as printed in Electromed's own proxy. As printed: 1,812,918. Filing ↗machine: r1 · c24 · span 337437–337446 |
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