Corporate GovernanceApr 28, 2026, 04:09 PM
MDRR Amends 2025 10-K: Updates Governance, Exec & Director Comp
AI Summary
Medalist Diversified, Inc. filed an Amendment No.1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. This amendment solely replaces Part III of the original filing, providing updated information on directors, executive officers, corporate governance, and compensation. It details the 2025 compensation for named executive officers and directors, outlines the composition of board committees, and notes several delinquent Section 16(a) reports.
Key Highlights
- Amendment No.1 solely replaces Part III of the Original Form 10-K for fiscal year ended December 31, 2025.
- Francis P. Kavanaugh's 2025 total compensation was $274,060, including $75,000 cash and $199,060 in equity awards.
- C. Brent Winn, Jr.'s 2025 total compensation was $274,067, including $175,000 cash and $99,067 in equity awards.
- Independent directors each received $12,500 in cash and $12,500 in stock awards for 2025.
- Seven delinquent Section 16(a) reports were identified for Mr. Kavanaugh (3), Mr. Winn (1), Mr. Carlson (2), and Mr. Kramer (1).
- David Lunin is the chairman of the Audit Committee and qualifies as an audit committee financial expert.
- The Board adopted a Code of Business Conduct and Ethics, Whistleblower Policy, and Insider Trading Policy.
Price Impact
More from MDRR