Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-03-27

Newsmax (NMAX)

CEO Christopher Ruddy was paid $894,101 in fiscal year 2025, ↓ down 2.1% from fiscal year 2024 (SEC filing 0002026478-26-000033 ↗): 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.

$1,076,825
Darryle Burnham total, FY2025
Chief Financial Officer — highest-paid officer; CEO Christopher Ruddy: $894,101
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CEO (Christopher Ruddy) pay percentile vs peers
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CEO-to-median pay ratio
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Sample answer — “What is the CEO’s total compensation?”
- Christopher Ruddy (Chief Executive Officer), FY2025 total compensation $894,101 (base salary $400,750) [exec_comp, SEC accession 0002026478-26-000033, filed 2026-03-27]

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NMAX's next annual pay disclosure, estimated March 27, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Darryle Burnham$358,250$73,684$0$613,672$0$0$31,219$1,076,825
Chief Financial Officer
Christopher Ruddy400,750145,3850000347,966894,101
Chief Executive Officer
Andrew Brown182,6920092,051009,135283,878
Chief Operating 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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Darryle Burnham$1,076,825$489,453—↑ +587,372
Christopher Ruddy894,101913,539—↓ −19,438
Andrew Brown283,878209,103—↑ +74,775

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 NMAX
No companies currently name NMAX 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.

ExecutiveRoleFY2025 total
Christopher RuddyCEO$894,101
Andrew BrownCOO$283,878
Darryle BurnhamCFO$1,076,825
01c

Board of directors

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

DirectorRoleFY2025 total
Alex AcostaLead Independent Director$233,454
Christopher N. CoxIndependent Director$164,476
David A.R. EvansIndependent Director—
David GandlerIndependent Director$134,190
Nancy G. BrinkerIndependent Director$471,312
Paula J. DobrianskyIndependent Director$153,631
R. Alexander AcostaLead Independent Director$233,454
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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Darryle BurnhamRSU22,190—$16
Andrew BrownRSU5,547—4
05

Incentive-plan design — the Compensation Discussion & Analysis

For the 2025 fiscal year, our compensation program consisted primarily of the following elements: base salary, annual incentives, long-term incentives and benefit and perquisite programs.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedging—
Anti-pledging—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Nancy G. BrinkerIndependent$57,083$0$414,229$0$0$471,312
R. Alexander AcostaIndependent · Lead Independent Director · Audit (Chair)64,6940168,76000233,454
Alex AcostaIndependent · Lead Independent Director · Audit (Chair)64,6940168,76000233,454
Christopher N. CoxIndependent57,0830107,39300164,476
Paula J. DobrianskyIndependent · Audit46,0630107,56800153,631
David GandlerIndependent27,1060107,08400134,190
Christopher RuddyEmployee director · Board Chair—————0
David A.R. EvansIndependent · Audit · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$175,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$316,723
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$316,723

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
1Newsmax2025Christopher Ruddy$400,750$0$0$0$894,101

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 Newsmax in fiscal 2025?
As disclosed, Darryle Burnham (Chief Financial Officer) was the highest-paid executive at Newsmax in fiscal 2025, with total compensation of $1,076,825.
How much does Newsmax spend in total on board compensation for fiscal 2025?
As disclosed, Newsmax reported total board compensation of $316,723 for fiscal 2025.

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, Darryle BurnhamDEF 14A2026-03-270002026478-26-000033Section “Summary Compensation Table” · page 24. As printed: 1,076,825. Filing ↗machine: r6 · c27 · span 317111–317120
2Section 01, Christopher RuddyDEF 14A2026-03-270002026478-26-000033Section “Summary Compensation Table” · page 24. As printed: 894,101. Filing ↗machine: r4 · c27 · span 310998–311005
3Section 01, Andrew BrownDEF 14A2026-03-270002026478-26-000033Section “Summary Compensation Table” · page 24. As printed: 283,878. Filing ↗machine: r8 · c27 · span 323178–323185
4Section 08, Nancy G. BrinkerDEF 14A2026-03-270002026478-26-000033Section “Director Compensation”. As printed: 471,312. Filing ↗machine: span 243259–243495
5Section 08, R. Alexander AcostaDEF 14A2026-03-270002026478-26-000033Section “Director Compensation”. As printed: 233,454. Filing ↗
6Section 08, Alex AcostaDEF 14A2026-03-270002026478-26-000033Section “Director Compensation”. As printed: 233,454. Filing ↗machine: span 249053–249289
7Section 08, Christopher N. CoxDEF 14A2026-03-270002026478-26-000033Section “Director Compensation”. As printed: 164,476. Filing ↗machine: span 240361–240597
8Section 08, Paula J. DobrianskyDEF 14A2026-03-270002026478-26-000033Section “Director Compensation”. As printed: 153,631. Filing ↗machine: span 246157–246393
9Section 08, David GandlerDEF 14A2026-03-270002026478-26-000033Section “Director Compensation”. As printed: 134,190. Filing ↗machine: span 252365–252633
10Section 08, Christopher RuddyDEF 14A2026-03-270002026478-26-000033Section “Director Compensation”. As printed: 0. Filing ↗
11Section 08, David A.R. EvansDEF 14A2026-03-270002026478-26-000033Section “Director Compensation”. As printed: 0. 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 316,723 + equity 0 + all other 0 = 316,723, summed across the director compensation table rows.machine: formula: Σ = 316,723
14Newsmax (subject), Section 10b CEO totalDEF 14A2026-03-270002026478-26-000033CEO total compensation as printed in Newsmax's own proxy. As printed: 894,101. Filing ↗machine: r4 · c27 · span 310998–311005