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IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDERS MEETING TO BE HELD ON MAY 25, 2022
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The proxy statement for the annual meeting and 2021 annual report to stockholders are available at www.proxyvote.com.
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Name
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Age
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Position(s)
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Darin Billerbeck | | |
62
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| | Executive Chairman of the Board | |
Geoffrey Ribar | | |
63
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| | Director | |
Lawrence G. Finch | | |
87
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| | Director | |
Sanjeev Aggarwal, Ph.D. | | |
54
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President, Chief Executive Officer and Director
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Tara Long | | |
54
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| | Director | |
Glen Hawk | | |
59
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| | Director | |
Name
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Stock
Awards(1) |
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Total
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Michael B. Gustafson
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| | | $ | 138,001 | | | | | $ | 138,001 | | |
Lawrence G. Finch
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| | | | 122,999 | | | | | | 122,999 | | |
Geoffrey Ribar
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| | | | 138,001 | | | | | | 138,001 | | |
Geoffrey R. Tate
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| | | | 130,502 | | | | | | 130,502 | | |
Name
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Option Awards
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RSU
Awards |
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Michael B. Gustafson
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| | | | 40,250 | | | | | | 21,603 | | |
Lawrence G. Finch
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| | | | 24,000 | | | | | | 20,081 | | |
Geoffrey Ribar
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| | | | 42,000 | | | | | | 21,603 | | |
Geoffrey R. Tate
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| | | | — | | | | | | — | | |
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Fiscal Years Ended December 31.
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Fees
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2021
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2020
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Audit(1) | | | | $ | 816 | | | | | $ | 681 | | |
Audit-Related
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Tax(2) | | | | | — | | | | | | — | | |
All Other
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| | | | $ | 816 | | | | | $ | 681 | | |
Name
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Age
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Position(s)
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Darin Billerbeck | | |
62
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| | Executive Chairman of the Board | |
Sanjeev Aggarwal, Ph.D. | | |
54
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President, Chief Executive Officer and Director
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Anuj Aggarwal | | |
43
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| | Chief Financial Officer | |
Name and Principal Position
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Year
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Salary
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Bonus
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Stock
Awards(1) |
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Stock
Options(1) |
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Non-Equity
Incentive Plan Compensation |
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All Other
Compensation |
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Total
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Darin Billerbeck(2)(4)
Interim Chief Executive Officer |
| | | | 2021 | | | | | $ | 400,000 | | | | | $ | — | | | | | $ | 447,000 | | | | | $ | — | | | | | $ | 575,531(7) | | | | | $ | 72,834(6) | | | | | $ | 1,495,365 | | |
Anuj Aggarwal(4)
Chief Financial Officer |
| | | | 2021 | | | | | $ | 209,583 | | | | | $ | — | | | | | $ | 76,956 | | | | | $ | 295,915 | | | | | $ | 173,681(7) | | | | | $ | 834 | | | | | $ | 756,969 | | |
Sanjeev Aggarwal, Ph.D.(5)
Chief Technology Officer |
| | | | 2021 | | | | | $ | 269,350 | | | | | $ | 1,267 | | | | | $ | 152,576 | | | | | $ | 281,000 | | | | | $ | 206,111(7) | | | | | $ | 834 | | | | | $ | 911,138 | | |
| | | 2020 | | | | | $ | 250,599 | | | | | $ | 1,033 | | | | | $ | 61,833 | | | | | $ | 69,641 | | | | | $ | 32,327(3) | | | | | $ | 778 | | | | | $ | 416,211 | | |
Name
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Stock Options
Awarded (#) |
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RSUs
Awarded (#) |
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Darin Billerbeck
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| | | | — | | | | | | 75,000(1) | | |
Anuj Aggarwal
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| | | | 52,294 | | | | | | 13,653 | | |
Sanjeev Aggarwal
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| | | | 50,000 | | | | | | 26,268 | | |
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Option Awards
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Stock Awards
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Number of Securities Underlying
Unexercised Options |
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Option
Exercise Price($) |
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Option
Expiration Date |
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Number of
Shares or Units of Stock That Have Not Yet Vested(#) |
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Market
Value of Shares or Units of Stock That Have Not Yet Vested($)(1) |
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Name
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Exercisable(#)
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Unexercisable(#)
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Darin Billerbeck
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| | | | 30,000 | | | | | | — | | | | | | 8.52 | | | | | | 8/19/2028 | | | | | | | | | | | | | | |
| | | | | 12,000 | | | | | | — | | | | | | 7.20 | | | | | | 5/20/2029 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,250(10) | | | | | | 70,625 | | |
Anuj Aggarwal
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| | | | 4,375 | | | | | | 10,625(2) | | | | | | 5.30 | | | | | | 12/2/2030 | | | | | | | | | | | | | | |
| | | | | — | | | | | | 50,000 (3) | | | | | | 5.62 | | | | | | 8/6/2031 | | | | | | | | | | | | | | |
| | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | __ | | | | | | 2,294(4) | | | | | | 5.62 | | | | | | 8/6/2031 | | | | | | | | | | | | | | |
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15,885(11)
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179,501
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Sanjeev Aggarwal
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| | | | 22,628 | | | | | | — | | | | | | 4.42 | | | | | | 5/12/2024 | | | | | | | | | | | | | | |
| | | | | 209 | | | | | | 625(5) | | | | | | 9.12 | | | | | | 3/12/2028 | | | | | | | | | | | | | | |
| | | | | 416 | | | | | | 5,834(6) | | | | | | 6.35 | | | | | | 2/10/2029 | | | | | | | | | | | | | | |
| | | | | 13,125 | | | | | | 16,875(7) | | | | | | 2.23 | | | | | | 3/23/2030 | | | | | | | | | | | | | | |
| | | | | 6,250 | | | | | | 8,750(8) | | | | | | 2.56 | | | | | | 4/6/2030 | | | | | | | | | | | | | | |
| | | | | — | | | | | | 50,000(9) | | | | | | 5.62 | | | | | | 8/5/2031 | | | | | | | | | | | | | | |
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21,950(12)
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248,038
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Name of Beneficial Owners
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Shares
Owned |
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Shares
That May Be Acquired Within 60 Days of March 28, 2022 |
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Total
Shares Beneficially Owned |
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Percentage
of Beneficial Ownership |
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5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | | | |
AWM Investment Company, Inc.(1)
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| | | | 1,908,735 | | | | | | — | | | | | | 1,908,735 | | | | | | 9.6% | | |
Entities affiliated with NV Partners(2)
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| | | | 1,517,558 | | | | | | — | | | | | | 1,517,558 | | | | | | 7.6% | | |
Entities affiliated with AIGH Capital Management, LLC(3)
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| | | | 1,453,976 | | | | | | — | | | | | | 1,453,976 | | | | | | 7.3% | | |
Entities affiliated with Sigma Partners(4)
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| | | | 1,072,525 | | | | | | — | | | | | | 1,072,525 | | | | | | 5.4% | | |
Directors and Named Executive Officers: | | | | | | | | | | | | | | | | | | | | | | | | | |
Darin Billerbeck
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| | | | 34,413 | | | | | | 62,666 | | | | | | 97,079 | | | | | | * | | |
Lawrence G. Finch(5)
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| | | | 388,485 | | | | | | 41,647 | | | | | | 430,132 | | | | | | * | | |
Michael B. Gustafson
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| | | | 39,943 | | | | | | 58,658 | | | | | | 98,601 | | | | | | * | | |
Geoffrey Ribar
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| | | | 35,715 | | | | | | 60,408 | | | | | | 96,123 | | | | | | * | | |
Sanjeev Aggarwal
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| | | | 19,147 | | | | | | 50,024 | | | | | | 69,171 | | | | | | * | | |
Anuj Aggarwal
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| | | | 1,662 | | | | | | 6,605 | | | | | | 8,267 | | | | | | * | | |
Tara Long
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| | | | — | | | | | | — | | | | | | — | | | | | | * | | |
Glen Hawk
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| | | | — | | | | | | — | | | | | | — | | | | | | * | | |
All directors and executive officers as a group | | | | | | | | | | | | | | | | | | | | | | | | | |
(8 persons)(6)
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| | | | 519,365 | | | | | | 280,008 | | | | | | 799,373 | | | | | | * | | |
Plan Category
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Number of Securities to
be Issued Upon Exercise of Outstanding Options, Warrants or Rights (a) |
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Weighted Average
Exercise Price of Outstanding Options, Warrants or Rights (b) |
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Number of Securities
Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities reflected in Column (a)) (c) |
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Equity compensation plans approved by security holders(1)
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| | | | 2,167,605 | | | | | $ | 4.42 | | | | | | 1,691,727 | | |
Equity compensation plans not approved by
security holders |
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Total
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2,167,605
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1,691,727
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