CEO Patrick Mercer was paid $901,900 in fiscal year 2025, ↓ down 18.5% from fiscal year 2024 (SEC filing 0002077096-26-000092 ↗): 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.
$901,900 ↓ Patrick Mercer total, FY2025 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | 95.37% Say-on-pay support, latest vote |
Track this company's pay every filing: join the Pro seat waitlist
Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year
Ask our research desk — $99, 24h, every figure cited to its filing.
IRIX's next annual pay disclosure, estimated April 20, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Patrick Mercer | $384,647 | — | $31,368 | $68,969 | $289,265 | $0 | $127,651 | $901,900 |
| President, Chief Executive Officer and Chief Operating Officer | ||||||||
| Bassem BouHabib | 248,086 | 0 | 13,893 | 35,481 | 109,199 | 0 | 144,175 | 550,834 |
| Senior Vice President of International Sales and Business Development | ||||||||
| Romeo Dizon | 276,923 | — | 21,150 | 93,670 | 131,101 | 0 | 3,370 | 526,214 |
| Chief Financial Officer | ||||||||
| Fuad Ahmad | 133,200 | 0 | 0 | 0 | 0 | 0 | 0 | 133,200 |
| Former Interim 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 |
|---|---|---|---|---|
| Patrick Mercer | $901,900 | $1,106,642 | $518,073 | ↓ −204,742 |
| Bassem BouHabib | 550,834 | 529,307 | — | ↑ +21,527 |
| Romeo Dizon | 526,214 | — | — | — |
| Fuad Ahmad | 133,200 | 868,810 | 356,835 | ↓ −735,610 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
You have just read Iridex's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper IRIX reports.
We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.
How we handle your data → Privacy
Each company listed discloses IRIX 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 IRIX 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 officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2025 total |
|---|---|---|
| Fuad Ahmad | CFO | $133,200 |
| Bassem BouHabib | SVP | $550,834 |
| Romeo Dizon | CFO | $526,214 |
| Patrick Mercer | CEO | $901,900 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Beverly A. Huss | Independent Director | $87,360 |
| Kenneth E. Ludlum | Former director (through FY2025) | $34,125 |
| Robert Grove | Former director (through FY2025) | $25,750 |
| Scott Shuda | Chair of the Board | $113,735 |
| William Moore | Independent Director | $86,410 |
| Yu-Hao Nick Chen | Independent Director | $74,035 |
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Romeo Dizon | Chief Financial Officer | 2026-05-26 | A | 5,004 | $1 | $5,004 | Common | Form 4 ↗ |
| Patrick Mercer | President and CEO | 2026-05-26 | D | 19,233 | 1 | 19,425 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-06-03 | A | 2,400 | 1 | 2,808 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-06-05 | A | 2,521 | 1 | 2,899 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-06-08 | A | 2,400 | 1 | 2,688 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-06-11 | A | 1,675 | 1 | 1,910 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-06-12 | A | 975 | 1 | 1,110 | Common | Form 4 ↗ |
| Patrick Mercer | President and CEO | 2026-06-13 | D | 3,990 | 1 | 4,469 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-06-13 | D | 2,691 | 1 | 3,014 | Common | Form 4 ↗ |
| Novel Inspiration International Co., Ltd. | Greater-than-10% holder | 2026-07-07 | A | 111,997 | — | — | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-07-10 | A | 170,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Patrick Mercer | Director | 2026-07-10 | A | 100,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Patrick Mercer | Director | 2026-07-10 | A | 200,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Patrick Mercer | Director | 2026-07-10 | A | 100,000 | 0 | 0 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-07-10 | A | 30,000 | 0 | 0 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-08-24 | A | 5,368 | 1 | 4,025 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-08-24 | A | 1,300 | 1 | 973 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-09-10 | A | 5,100 | 1 | 3,468 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-09-14 | A | 2,354 | 1 | 1,530 | Common | Form 4 ↗ |
| Romeo Dizon | Chief Financial Officer | 2026-09-16 | A | 7,900 | 1 | 4,977 | Common | Form 4 ↗ |
| Patrick Mercer | Director | 2026-10-01 | D | 23,917 | 1 | 15,116 | Common | Form 4 ↗ |
| Novel Inspiration International Co., Ltd. | Greater-than-10% holder | 2026-10-02 | A | 146,313 | — | — | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Romeo Dizon | RSU | 22,500 | — | $26,325 |
| Patrick Mercer | Option | 38,341 | 2.13 | — |
| Romeo Dizon | Option | 75,000 | 0.94 | — |
| Patrick Mercer | RSU | 133,340 | — | 156,007 |
| Patrick Mercer | RSU | 80,004 | — | 93,604 |
| Patrick Mercer | RSU | 33,370 | — | 39,042 |
| Bassem BouHabib | RSU | 26,668 | — | 31,201 |
| Bassem BouHabib | RSU | 11,070 | — | 12,951 |
| Patrick Mercer | Option | 111,240 | 0.94 | — |
| Bassem BouHabib | Option | 20,004 | 2.13 | — |
| Bassem BouHabib | Option | 36,905 | 0.94 | — |
| Bassem BouHabib | Option | 10,000 | 1.26 | — |
| Romeo Dizon | Option | 53,000 | 0.89 | — |
The compensation philosophy is designed to attract, retain, motivate and reward highly qualified executives who contribute to the success of the Company and its stockholders, providing a comprehensive package competitive with similar companies and incorporating equity-based incentives to align interests.
| CEO STI target (% of salary) | 65% |
|---|---|
| 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 | 2026-07-10 | 12,222,760 | 593,811 | 358,916 | 95.37% | Passed |
| 2025 | 2025-04-14 | 8,123,423 | 2,048,555 | 791,296 | 79.86% | Passed |
| 2024 | 2024-06-18 | 4,635,945 | 1,352,835 | 343,934 | 73.21% | Passed |
| 2023 | 2023-04-17 | 5,688,229 | 830,659 | 165,162 | 85.1% | Passed |
| 2022 | 2022-06-15 | 5,887,884 | 1,274,107 | 105,401 | 81.02% | Passed |
| 2021 | 2021-06-16 | 6,693,904 | 461,324 | 118,765 | 93.55% | 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 | 2026-07-10 | 95.37%a |
| 2025 | 2025-04-14 | 79.86%b |
| 2024 | 2024-06-18 | 73.21%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote against this proposal, and broker non-votes will have no effect.”.
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 |
|---|---|---|---|---|---|---|
| Scott ShudaIndependent · Board Chair · Compensation · Nominating/Governance (Chair) · Strategy and Budget · Audit | $80,875 | $0 | $32,860 | — | $0 | $113,735 |
| Beverly A. HussIndependent · Audit · Compensation (Chair) · Nominating/Governance · Strategy and Budget | 54,500 | 0 | 32,860 | — | 0 | 87,360 |
| William MooreIndependent · Audit · Compensation · Nominating/Governance · Strategy and Budget · Newly elected | 44,250 | 0 | 42,160 | — | 0 | 86,410 |
| Yu-Hao Nick ChenIndependent · Audit · Strategy and Budget (Chair) · Compensation · Nominating/Governance · Newly elected | 31,875 | 0 | 42,160 | — | 0 | 74,035 |
| Kenneth E. LudlumIndependent · Departed during FY | 34,125 | 0 | 0 | — | 0 | 34,125 |
| Robert GroveIndependent · Departed during FY | 25,750 | 0 | 0 | — | 0 | 25,750 |
| Patrick MercerEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $35,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 10,000 / 9,500 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $271,375 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $271,375 |
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 | Iridex | 2025 | Patrick Mercer | $384,647 | $31,368 | $68,969 | $289,265 | $901,900 |
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, Patrick Mercer | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Summary Compensation Table” · page 21. As printed: 901,900. Filing ↗machine: span 481907–481914 |
| 2 | Section 01, Bassem BouHabib | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Summary Compensation Table” · page 21. As printed: 550,834. Filing ↗machine: span 554311–554318 |
| 3 | Section 01, Romeo Dizon | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Summary Compensation Table” · page 21. As printed: 526,214. Filing ↗machine: span 518772–518779 |
| 4 | Section 01, Fuad Ahmad | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Summary Compensation Table” · page 21. As printed: 133,200. Filing ↗machine: span 522405–522412 |
| 5 | Section 07, pay ratio | 10-K | 2026-04-02 | 0001193125-26-140194 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 6 | Section 08, Scott Shuda | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Director Compensation”. As printed: 113,735. Filing ↗machine: span 1034315–1034658 |
| 7 | Section 08, Beverly A. Huss | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Director Compensation”. As printed: 87,360. Filing ↗machine: span 1014087–1014429 |
| 8 | Section 08, William Moore | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Director Compensation”. As printed: 86,410. Filing ↗machine: span 1040797–1041139 |
| 9 | Section 08, Yu-Hao Nick Chen | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Director Compensation”. As printed: 74,035. Filing ↗machine: span 1007599–1007941 |
| 10 | Section 08, Kenneth E. Ludlum | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Director Compensation”. As printed: 34,125. Filing ↗machine: span 1023296–1023638 |
| 11 | Section 08, Robert Grove | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Director Compensation”. As printed: 25,750. Filing ↗machine: span 1016540–1016882 |
| 12 | Section 08, Patrick Mercer | DEF 14A | 2026-04-24 | 0002077096-26-000092 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 13 | Section 02, Romeo Dizon 2026-05-26 | Form 4 | 2026-05-26 | 0001193125-26-238277 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 14 | Section 02, Patrick Mercer 2026-05-26 | Form 4 | 2026-05-26 | 0001193125-26-239768 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 15 | Section 02, Romeo Dizon 2026-06-03 | Form 4 | 2026-06-03 | 0001193125-26-255089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 16 | Section 02, Romeo Dizon 2026-06-05 | Form 4 | 2026-06-08 | 0001193125-26-260846 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 17 | Section 02, Romeo Dizon 2026-06-08 | Form 4 | 2026-06-09 | 0001193125-26-263083 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Romeo Dizon 2026-06-11 | Form 4 | 2026-06-12 | 0001193125-26-269140 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Romeo Dizon 2026-06-12 | Form 4 | 2026-06-15 | 0001193125-26-270572 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Patrick Mercer 2026-06-13 | Form 4 | 2026-06-16 | 0001193125-26-273096 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Romeo Dizon 2026-06-13 | Form 4 | 2026-06-16 | 0001193125-26-273105 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Novel Inspiration International Co., Ltd. 2026-07-07 | Form 4 | 2026-07-08 | 0002064835-26-000071 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, Romeo Dizon 2026-07-10 | Form 4 | 2026-07-14 | 0001193125-26-303280 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Patrick Mercer 2026-07-10 | Form 4 | 2026-07-14 | 0001193125-26-303346 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Patrick Mercer 2026-07-10 | Form 4 | 2026-07-14 | 0001193125-26-303346 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Patrick Mercer 2026-07-10 | Form 4 | 2026-07-14 | 0001193125-26-303346 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Romeo Dizon 2026-07-10 | Form 4 | 2026-07-14 | 0001193125-26-303280 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Romeo Dizon 2026-08-24 | Form 4 | 2026-08-24 | 0001193125-26-362654 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, Romeo Dizon 2026-08-24 | Form 4 | 2026-08-24 | 0001193125-26-362654 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Romeo Dizon 2026-09-10 | Form 4 | 2026-09-10 | 0001193125-26-387539 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Romeo Dizon 2026-09-14 | Form 4 | 2026-09-14 | 0001193125-26-390061 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 02, Romeo Dizon 2026-09-16 | Form 4 | 2026-09-16 | 0001193125-26-393119 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 33 | Section 02, Patrick Mercer 2026-10-01 | Form 4 | 2026-10-05 | 0001193125-26-413952 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 34 | Section 02, Novel Inspiration International Co., Ltd. 2026-10-02 | Form 4 | 2026-10-13 | 0002097627-26-000014 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 35 | Section 06, 2026 vote | Form 8-K | 2026-07-16 | 0001193125-26-305344 | Item 5.07 · say-on-pay result. As reported: 95.37% (votes for as printed: 12,222,760). Filing ↗ |
| 36 | Section 06, 2025 vote | Form 8-K | 2025-06-13 | 0000950170-25-086292 | Item 5.07 · say-on-pay result. As reported: 79.86% (votes for as printed: 8,123,423). Filing ↗ |
| 37 | Section 06, 2024 vote | Form 8-K | 2024-06-21 | 0000950170-24-075755 | Item 5.07 · say-on-pay result. As reported: 73.21% (votes for as printed: 4,635,945). Filing ↗ |
| 38 | 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) |
| 39 | Section 09b board cost (computed) | Computed | — | — | Cash 271,375 + equity 0 + all other 0 = 271,375, summed across the director compensation table rows.machine: formula: Σ = 271,375 |
| 40 | Iridex (subject), Section 10b CEO total | DEF 14A | 2026-04-24 | 0002077096-26-000092 | CEO total compensation as printed in Iridex's own proxy. As printed: 901,900. Filing ↗machine: span 481907–481914 |
The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.
You'll confirm on The Pay Desk's sign-up page.