Corporate GovernanceApr 30, 2026, 04:26 PM
XWEL Details 2025 Executive Compensation, Board Governance
AI Summary
XWELL, Inc. provided an update on its Board of Directors, executive officers, and compensation for the fiscal year ended December 31, 2025. Ezra T. Ernst was appointed President & CEO in September 2024, and Thomas Ian Brown became CFO in January 2025, replacing Suzanne A. Scrabis. The filing details executive compensation, including salaries, bonuses, and equity awards, and outlines the composition and responsibilities of the Board's committees.
Key Highlights
- Ezra T. Ernst appointed President & CEO effective September 2024.
- Thomas Ian Brown appointed Chief Financial Officer effective January 2025.
- Suzanne A. Scrabis resigned as CFO effective January 2025, receiving severance.
- Ezra T. Ernst's 2025 total compensation was $495,700, including $425,000 salary.
- Thomas Ian Brown's 2025 total compensation was $467,050, including $375,000 salary and $75,000 signing bonus.
- Board of Directors consists of 5 members, with 4 designated as independent directors.
- Non-employee directors received cash and equity compensation, with Chairman Bruce T. Bernstein receiving $306,619 total in 2025.
- Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee, and Strategic Affairs Committee are in place.