Innovation Pharmaceuticals Inc (IPIX)

[TheBunny]

Can you explain why leo and Dr.Menon gave themselves a $250,000 bonus each in 2015 ?

Was that for failure to uplist on NASDAQ ?!



SUMMARY COMPENSATION TABLE

The following table sets forth information concerning all cash and non-cash compensation awarded to, earned by or paid to our Chief Executive Officer and Chief Financial Officer, our Chief Scientific Officer and President of Research, our President and Chief Medical Officer, and our Senior Vice President, Clinical Sciences and Portfolio Management, whom we refer to collectively as our named executive officers, for services rendered in all capacities during the noted periods.

Name and Principal Position

Year

Salary


Bonus


Stock
Awards(1)


Option
Awards(1)


Total

Leo Ehrlich

2017

$ 465,850


$ —


$ —


$ —


$ 465,850

Chief Executive and Financial Officer

2016

$ 465,850


$ —


$ —


$ —


$ 465,850



2015

$ 465,850


$ 250,000


$ —


$ —


$ 715,850


Krishna Menon

2017

$ 465,850


$ —


$ —


$ —


$ 465,850

Chief Scientific Officer and President of Research

2016

$ 465,850


$ —


$ —


$ —


$ 465,850



2015

$ 465,850


$ 250,000


$ —


$ —


$ 715,850


Arthur P. Bertolino(2)

2017

$ 449,167


$ 176,000


$ -


$ —


$ 625,167

President and Chief Medical Officer

2016

$ —


$ —


$ 1,493,334


$ 800,000


$ 2,293,334


Jane Harness (3)

2017

$ 220,833


$ 76,313


$ 80,000


$ 220,000


$ 597,146

Sr. Vice President, Clinical Sciences and Portfolio Management

https://www.sec.gov/Archives/edgar/data/1355250/000147793217004400/ipix_10k.htm#I11