Corporate GovernanceApr 30, 2026, 04:11 PM
DLPN Amends 10-K, Updates Corporate Governance & Compensation
AI Summary
Dolphin Entertainment, Inc. filed an Amendment No. 1 to its Form 10-K, primarily to correct the Audit Report date and restate sections related to corporate governance, executive compensation, and related party transactions. The amendment details the compensation for CEO William O'Dowd ($682,880 in 2025) and CFO Mirta A. Negrini ($325,000 in 2025), and outlines new compensation for non-employee directors. It also provides updated information on beneficial ownership and significant related party transactions involving the CEO and his brother.
Key Highlights
- Dolphin Entertainment, Inc. filed an Amendment No. 1 to its Form 10-K.
- The amendment corrected the Audit Report date from March 26, 2026, to March 27, 2026.
- Part III (Items 10-14) and Part IV (Item 15) of the Original Form 10-K were amended and restated.
- William O'Dowd, IV's total compensation for 2025 was $682,880.
- Mirta A. Negrini's total compensation for 2025 was $325,000.
- Non-employee directors will receive $20,000 annually (half cash, half RSUs) effective January 1, 2026.
- William O'Dowd, IV beneficially owns 19.1% of common stock and 100% of Series C Preferred Stock.
- The company owed DE LLC (wholly owned by Mr. O'Dowd) $2,242,873 in principal on convertible promissory notes as of December 31, 2025.
- Accrued compensation owed to Mr. O'Dowd was $2,625,000 as of December 31, 2025.
- Audit fees paid to Grant Thornton LLP for 2025 were $798,436, and audit-related fees were $31,500.
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