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EXECUTIVE COMPENSATION
Summary Compensation Table
The following table sets forth certain compensation information for: (i) the person who served as the Chief Executive Officer of StrikeForce during the years ended December 31, 2017 and 2016, regardless of the compensation level, and (ii) each of our other executive officers, serving as an executive officer at any time during 2017 and 2016. The foregoing persons are collectively referred to in this Form 10-K as the “Named Executive Officers.” Compensation information is shown for the years ended December 31, 2017 and 2016:
Name/ Principal Position
Year
Salary
($)
Bonus
($)
Stock
Awards
($)
Incentive Plan Option
Awards (Vested)
($)
Securities
Underlying
Options/SARs
($)
Nonqualified Deferred
Compensation
Earnings
($)
All Other
Compensation
($)
Total
($)
Mark L. Kay
Chief Executive Officer
2017
180,000
5,000
-
141,277
-
-
-
326,277
2016
146,000
5,769
-
150,330
-
-
89,182
391,281
George Waller
Executive Vice President
2017
180,000
5,000
-
141,277
-
-
-
326,277
2016
146,000
5,769
-
150,330
-
-
77,086
379,185
Ramarao Pemmeraju
Chief Technology Officer
2017
180,000
5,000
-
141,277
-
-
-
326,277
2016
146,000
5,769
-
150,330
-
-
65,572
367,671
Effective January 25, 2016, the Board of Directors determined to increase the base salaries of our officers and employees, including our named executive officers, such that the new salaries are comparable to similarly situated companies. Consequently, the base salaries of Mark Kay, George Waller, and Ramarao Pemmaraju have been set at $150,000 per annum. Other employees were granted increases to between $105,000 and $125,000 per annum. Additionally, in January 2016, our officers received an aggregate total of $231,840 of accrued payroll and forgave an aggregate total of $762,275 of accrued payroll, from prior years’ missed salaries, that we owed to them. We recorded the officers’ forgiveness of accrued payroll as a capital contribution in January 2016.
On July 31, 2010, Philip E. Blocker was appointed our Chief Financial Officer. Mr. Blocker is not our employee. He received fee payments of $4,175 in 2017 and no payment in 2016. Mr. Blocker received no option awards in 2017 or 2016.
