This is a joke compared to performance!!
During fiscal year 2021, Mr. Dowling's total compensation was $1,206,814, which included his salary for fiscal year 2021
of $320,523, a repayment of $80,000 deferred compensation from 2020, the issuance of 1,500,000 stock options, and a $18,000
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auto allowance. Mr. Dowling's target for his performance bonus was 50% of his annual salary; however, as noted above, due to the
Company's financial performance for fiscal year 2021, no bonuses were paid for 2021. During fiscal year 2020, Mr. Dowling's total
compensation was $863,079, which included his salary of $362,099, the issuance of 1,500,000 stock options, $51,399 of incremental
expense related to the repricing of certain of his stock options in June 2020, and a $16,500 auto allowance. Mr. Dowling's target for
his performance bonus was 50% of his annual salary; however, as noted above, due to the Company's financial performance for
fiscal year 2020, no bonuses were paid for 2020.
During fiscal year 2021, Mr. Grasser's total compensation was $645,690, which included his salary for fiscal year 2021 of
$211,545, a repayment of $40,000 deferred compensation from 2020, and the issuance of 750,000 stock options. Mr. Grasser's target
for his performance bonus was 20% of his annual salary; however, as noted above, due to the Company's financial performance for
fiscal year 2021, no bonuses were paid for 2021. During fiscal year 2020, Mr. Grasser's total compensation was $482,650, which
included his salary of $214,711, the issuance of 750,000 stock options, and $51,399 of incremental expense related to the repricing
of certain of his stock options in June 2020.
