Corporate GovernanceApr 28, 2026, 04:09 PM
MDRR Amends 10-K; Details Exec/Director Comp, Untimely Insider Reports
AI Summary
Medalist Diversified, Inc. filed an Amendment No. 1 to its Annual Report on Form 10-K to update Part III, which includes information on Directors, Executive Officers, Corporate Governance, and Executive and Director Compensation for the fiscal year ended December 31, 2025. The amendment details the compensation for the CEO and CFO, as well as independent directors. It also disclosed that seven Section 16(a) reports were filed untimely by certain executives and directors.
Key Highlights
- MDRR filed 10-K/A to amend Part III, focusing on corporate governance and compensation.
- CEO Francis P. Kavanaugh's 2025 total compensation was $274,060 ($75,000 cash, $199,060 equity).
- CFO C. Brent Winn, Jr.'s 2025 total compensation was $274,067 ($175,000 cash, $99,067 equity).
- Independent directors each received $12,500 cash and $12,500 in common stock awards in 2025.
- Seven Section 16(a) reports were filed untimely by executives and directors in 2025 due to administrative errors.
- David Lunin was determined to qualify as an "audit committee financial expert."
- The Board of Directors maintains Audit, Compensation, Nominating & Corporate Governance, and Acquisition committees.
Price Impact
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