Corporate GovernanceApr 29, 2026, 05:22 PM
QCLS Amends 10-K with Governance & Executive Compensation Details
AI Summary
Q/C Technologies, Inc. filed an Amendment No. 1 to its Form 10-K to include previously omitted information regarding Directors, Executive Officers, Corporate Governance, Executive Compensation, Security Ownership, Related Transactions, and Principal Accountant Fees. The amendment provides detailed compensation for named executive officers for 2025, including Joshua Silverman's $675,220 total compensation. It also outlines a new executive compensation agreement for Mr. Silverman and details the company's board composition, committee structure, and compliance with Nasdaq independence rules.
Key Highlights
- QCLS filed 10-K/A to include Part III Items 10-14, previously omitted from original 10-K.
- Executive Chairman Joshua Silverman's 2025 total compensation was $675,220, including $555,220 in stock awards.
- Chief Medical Officer Mitchell Glass's 2025 total compensation was $392,128, including $69,403 in stock awards.
- Interim CFO Ian Rhodes's 2025 total compensation was $166,545, including $4,545 in option awards.
- Joshua Silverman's new employment agreement effective April 13, 2026, includes $120,000 annual base salary and quarterly $60,000 RSU grants.
- Board has 7 directors; Bill J. White, Stephen Friscia, Christopher Schreiber, and Bruce Bernstein are independent.
- Audit Committee members are Bill J. White (Chair), Bruce Bernstein, and Christopher Schreiber.
- One late Section 16(a) filing for Mr. Bernstein on October 6, 2025, was noted.
Price Impact
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