Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2024-12-20

Z Squared (ZSQR)

CEO David Mehalick was paid $360,000 in fiscal year 2023, ↓ down 0.4% from fiscal year 2022 (SEC filing 0001683168-24-008126 ↗): 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.

$360,000
Colleen Delaney total, FY2023
Chief Financial Officer — highest-paid officer; CEO David Mehalick: $360,000
—
CEO (David Mehalick) pay percentile vs peers
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CEO-to-median pay ratio
94.38%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- David Mehalick (Chairman, CEO and President), FY2023 total compensation $360,000 (base salary $360,000) [exec_comp, SEC accession 0001683168-24-008126, filed 2024-11-14]

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01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Colleen Delaney$360,000$0—————$360,000
Chief Financial Officer
Daniel Yerace360,000—00000360,000
Vice President of Operations
David Mehalick360,000000000360,000
Chairman, CEO and President
Brian Cogley200,0008,000—————208,000
Chief Financial Officer
Christine Sheehy150,999000000150,999
Former 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.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Colleen Delaney$360,000———
Daniel Yerace360,000360,346—↓ −346
David Mehalick360,000361,615—↓ −1,615
Brian Cogley208,000———
Christine Sheehy150,999225,999—↓ −75,000

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 ZSQR
No companies currently name ZSQR as a compensation peer in their most recent disclosure.

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

01c

Board of directors

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

DirectorRoleFY2023 total
Christopher CaliseDirector$18,333
Christopher CochranIndependent Director$18,333
Gene SalkindIndependent Director—
Philippe DeschampsIndependent Director$18,333
Tara Maria DeSilvaIndependent Director$18,333
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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David MehalickPSU360,000—$360,000
David MehalickPSU286,615—286,615
Colleen DelaneyRSU162,500—162,500
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy is not explicitly detailed in a dedicated CD&A narrative, but employment agreements indicate a structure based on base salary, guaranteed or discretionary annual bonuses (typically 20% of base), and eligibility for equity awards such as stock options and restricted stock units to align interests with stockholders.

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

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-12-1820,758,7181,235,121254,93394.38%Passed
20232023-12-2018,544,258413,03750,83797.82%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
20242024-12-1894.38%a
20232023-12-2097.82%b

a. Voting standard not stated in the filing.

b. 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 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Tara Maria DeSilvaIndependent · Compensation · Nominating and Governance$18,333————$18,333
Philippe DeschampsIndependent · Audit (Chair) · Nominating and Governance18,333————18,333
Christopher CochranIndependent · Audit · Compensation (Chair) · Nominating and Governance (Chair)18,333————18,333
Christopher CaliseNot independent18,333————18,333
Daniel YeraceEmployee director—————0
David MehalickEmployee director · Board Chair—————0
Gene SalkindIndependent · Audit · Compensation18,333—————
09

Board fee structure and ownership guideline

Annual cash retainer$18,333
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$91,665
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$91,665

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
1Z Squared2023David Mehalick$360,000$0$0$0$360,000

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.

10d

Frequently asked questions

Who was the highest-paid executive at Z Squared in fiscal 2023?
As disclosed, Colleen Delaney (Chief Financial Officer) was the highest-paid executive at Z Squared in fiscal 2023, with total compensation of $360,000.
How did shareholders vote on Z Squared's executive compensation?
As disclosed, 94.38% of shareholders supported Z Squared's executive compensation in the latest say-on-pay vote.
How much does Z Squared spend in total on board compensation for fiscal 2023?
As disclosed, Z Squared reported total board compensation of $91,665 for fiscal 2023.

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 is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Colleen DelaneyDEF 14A2024-11-140001683168-24-008126Section “Executive Compensation”. As printed: 360,000. View filing ↗
2Section 01, Daniel YeraceDEF 14A2024-11-140001683168-24-008126Section “Executive Compensation”. As printed: 360,000. View filing ↗
3Section 01, David MehalickDEF 14A2024-11-140001683168-24-008126Section “Executive Compensation”. As printed: 360,000. View filing ↗
4Section 01, Brian CogleyDEF 14A2024-11-140001683168-24-008126Section “Executive Compensation”. As printed: 208,000. View filing ↗
5Section 01, Christine SheehyDEF 14A2024-11-140001683168-24-008126Section “Executive Compensation”. As printed: 150,999. View filing ↗
6Section 08, Tara Maria DeSilvaDEF 14A2024-11-140001683168-24-008126Section “Director Compensation”. As printed: 18,333. View filing ↗
7Section 08, Philippe DeschampsDEF 14A2024-11-140001683168-24-008126Section “Director Compensation”. As printed: 18,333. View filing ↗
8Section 08, Christopher CochranDEF 14A2024-11-140001683168-24-008126Section “Director Compensation”. As printed: 18,333. View filing ↗
9Section 08, Christopher CaliseDEF 14A2024-11-140001683168-24-008126Section “Director Compensation”. As printed: 18,333. View filing ↗
10Section 08, Daniel YeraceDEF 14A2024-11-140001683168-24-008126Section “Director Compensation”. As printed: 0. View filing ↗
11Section 08, David MehalickDEF 14A2024-11-140001683168-24-008126Section “Director Compensation”. As printed: 0. View filing ↗
12Section 08, Gene SalkindDEF 14A2024-11-140001683168-24-008126Section “Director Compensation”. As printed: —. View filing ↗
13Section 06, 2024 voteForm 8-K2024-12-200001683168-24-008891Item 5.07 · say-on-pay result. As reported: 94.38% (votes for as printed: 20,758,718). View filing ↗
14Section 06, 2023 voteForm 8-K2023-12-220001683168-23-009058Item 5.07 · say-on-pay result. As reported: 97.82% (votes for as printed: 18,544,258). View filing ↗
15Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
16Section 09b board cost (computed)Computed——Cash 91,665 + equity 0 + all other 0 = 91,665, summed across the director compensation table rows.
17Z Squared (subject), Section 10b CEO totalDEF 14A2024-11-140001683168-24-008126CEO total compensation as printed in Z Squared's own proxy. As printed: 360,000. View filing ↗