Corporate GovernanceApr 30, 2026, 04:20 PM
FORA Amends 10-K; Details Exec Comp, 70.4% Ownership by 2025 Acquisition Co.
AI Summary
Forian Inc. filed Amendment No. 1 to its Form 10-K, providing previously omitted Part III information. This amendment details the company's corporate governance, executive compensation for 2025 and 2024, and security ownership as of April 27, 2026. Key disclosures include the beneficial ownership of 70.4% of common stock by 2025 Acquisition Company, LLC and the compensation packages for named executive officers.
Key Highlights
- Amendment No. 1 adds omitted Part III information to the original 10-K filing.
- New certifications by principal executive and financial officers included per Sarbanes-Oxley Act.
- Max C. Wygod's 2025 total compensation was $461,000, including $386,000 in stock awards.
- Adam Dublin's 2025 total compensation was $965,672, including $504,672 in commission payments.
- Michael Vesey's 2025 total compensation was $933,066, including $186,522 in non-equity incentive pay.
- 2025 Acquisition Company, LLC beneficially owns 21,991,929 shares (70.4% of common stock).
- Directors and executive officers as a group beneficially own 23,431,412 shares (72.4% of common stock).
- Equity compensation plans have 2,351,040 outstanding options/rights and 5,873,375 shares available.