L.Pierhal gets away with the $ 100K loan

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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L.Pierhal gets away with the $ 100K loan

posted on May 26, 2014 03:56PM

The 10% increase in general and administrative expenses from $585,335 in 2013 to $650,651 in 2014 was due primarily to compensation adjustments in wages, and management and consulting fees which increased by $50,000 from $358,000 in 2013 to $408,000 in 2014. Included in these amounts is $100,000 paid to the former CEO in return for a reduction in his compensation and other entitlement.

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