Fiscal year 2023 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.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Jeffery Chuang | $60,000 | $0 | $0 | $0 | $0 | $0 | $0 | $60,000 |
| 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 | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| Jeffery Chuang | $60,000 | $56,635 | — | +3,365 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Jeffery Chuang | RSU | 1,400 | — | — |
The executive compensation program is comprised principally of salary, equity and performance-based cash compensation, designed to attract, motivate and retain key executives, align the interests of executives with stockholder value and financial performance, and achieve a balanced package that reflects individual performance and contributions.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-05-31 | 787,531 | 3,880 | 437 | 99.51% | Passed |
| 2022 | 2022-06-10 | 2,434,129 | 152,711 | 8,039 | 94.1% | Passed |
| 2021 | 2021-05-28 | 2,308,372 | 84,188 | 2,385 | 96.48% | Passed |
| 2020 | 2020-07-15 | 2,301,196 | 117,414 | 31,023 | 95.15% | Passed |
| 2019 | 2019-06-11 | 11,523,722 | 694,468 | 21,742 | 94.32% | Passed |
| 2018 | 2018-05-25 | 11,359,166 | 511,169 | 28,986 | 95.69% | 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 |
|---|---|---|
| 2024 | 2024-05-31 | 99.51%a |
| 2022 | 2022-06-10 | 94.1%b |
| 2021 | 2021-05-28 | 96.48%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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Umesh PatelIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance | $26,049 | $0 | $0 | $0 | $0 | $26,049 |
| Huy (Charlie) LaIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair) | 23,530 | 0 | 0 | 0 | 0 | 23,530 |
| Ming-Cherng Sky TsaiIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance | 23,530 | 0 | 0 | 0 | 0 | 23,530 |
| Min SuEmployee director | — | — | — | — | — | 0 |
| Thanh H. LamEmployee director · Board Chair | — | — | — | — | — | 0 |
| Annual cash retainer | $23,530 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $73,109 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $73,109 |
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 | XMax Inc | 2023 | Jeffery Chuang | $60,000 | $0 | $0 | $0 | $60,000 |
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.
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, Jeffery Chuang | DEF 14A | 2024-04-19 | 0001493152-24-015401 | Section “Executive Compensation”. As printed: 60,000. Filing ↗machine: r4 · c31 · span 341000–341006 |
| 2 | Section 08, Umesh Patel | DEF 14A | 2024-04-19 | 0001493152-24-015401 | Section “Director Compensation”. As printed: 26,049. Filing ↗machine: span 319458–319464 |
| 3 | Section 08, Huy (Charlie) La | DEF 14A | 2024-04-19 | 0001493152-24-015401 | Section “Director Compensation”. As printed: 23,530. Filing ↗machine: span 320688–320694 |
| 4 | Section 08, Ming-Cherng Sky Tsai | DEF 14A | 2024-04-19 | 0001493152-24-015401 | Section “Director Compensation”. As printed: 23,530. Filing ↗machine: span 321924–321930 |
| 5 | Section 08, Min Su | DEF 14A | 2024-04-19 | 0001493152-24-015401 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 6 | Section 08, Thanh H. Lam | DEF 14A | 2024-04-19 | 0001493152-24-015401 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 7 | Section 06, 2024 vote | Form 8-K | 2024-06-03 | 0001493152-24-022398 | Item 5.07 · say-on-pay result. As reported: 99.51% (votes for as printed: 787,531). Filing ↗ |
| 8 | Section 06, 2022 vote | Form 8-K | 2022-06-14 | 0001493152-22-016756 | Item 5.07 · say-on-pay result. As reported: 94.1% (votes for as printed: 2,434,129). Filing ↗ |
| 9 | Section 06, 2021 vote | Form 8-K | 2021-06-01 | 0001185185-21-000754 | Item 5.07 · say-on-pay result. As reported: 96.48% (votes for as printed: 2,308,372). Filing ↗ |
| 10 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 11 | Section 09b board cost (computed) | Computed | — | computed | Cash 73,109 + equity 0 + all other 0 = 73,109, summed across the director compensation table rows.machine: formula: Σ = 73,109 |
| 12 | XMax Inc (subject), Section 10b CEO total | DEF 14A | 2024-04-19 | 0001493152-24-015401 | CEO total compensation as printed in XMax Inc's own proxy. As printed: 60,000. Filing ↗machine: r4 · c31 · span 341000–341006 |