| | | | | |
Audit Committee
|
| | |
Compensation Committee
|
| | |
Governance and
Nominating Committee |
| |
| |
Richard D. Butler, Jr.
|
| | |
|
| | |
|
| | |
|
| |
| |
Dennis (De) Gao
|
| | |
|
| | |
|
| | |
|
| |
| |
Tyler Sickmeyer
|
| | |
|
| | |
|
| | |
|
| |
| Member | | | Chairman | | |
Financial Expert
|
|
|
|
| |
|
| |
|
|
|
Eric Althofer, 40
|
| | Mr. Althofer joined the Company as Chief Operating Officer and Managing Director (Finance) on April 10, 2021. Prior to joining the Company, Mr. Althofer served as a director of Capitala Investment Advisors (“Capitala”), joining the firm in 2014. Mr. Althofer’s primary responsibilities included transaction screening, structuring and due diligence execution. Prior to joining Capitala, Mr. Althofer spent more than three years in investment banking with Jefferies LLC, working on over 25 M&A, debt and equity transactions for consumer and retail companies. Before joining Jefferies, Mr. Althofer worked as a strategy and operations consultant for four years with Deloitte Consulting, where he worked primarily in the healthcare and financial services industries. Mr. Althofer graduated cum laude from Washington University in St. Louis with a degree in Economics and received his M.B.A., with distinction, from the University of Michigan Ross School of Business with emphases in Finance and Accounting. | |
|
David Verret, 49
|
| | Mr. Verret became Chief Accounting Officer of the Company on September 29, 2021 and on March 1, 2022, Mr. Verret was appointed as Chief Financial Officer. For the decade prior to joining the Company, he was the Chief Accounting Officer at Brinks Home Security™, where he also had held other accounting positions. In the preceding 13 years, he was employed by KPMG LLP in its audit practice. During David’s tenure at KPMG, he worked as a member of its audit staff (1998 to 2003) and then as a Manager and Senior Manager (2003 to 2011) in Dallas, Texas. Mr. Verret holds a Bachelor of Business Administration in Accounting, as well as a Master of Science from Texas Tech University. | |
Name
|
| |
Age
|
| |
Position with Company
|
| |
Residence
|
| |
Director Since
|
|
Jon Isaac | | |
40
|
| | Chairman, President, CEO, and Director | | | Las Vegas, Nevada | | |
2011
|
|
Tony Isaac | | |
68
|
| | Financial Planning and Strategist/Economist | | | Las Vegas, Nevada | | |
2011
|
|
Richard D. Butler, Jr.
|
| |
72
|
| | Independent Director | | |
Stockton, California
|
| |
2006
|
|
Dennis (De) Gao | | |
43
|
| | Independent Director | | | Las Vegas, Nevada | | |
2012
|
|
Tyler Sickmeyer | | |
37
|
| | Independent Director | | | Santee, California | | |
2014
|
|
| | |
2022
|
| |
2021
|
| ||||||
Audit Fees
|
| | | $ | 531,200 | | | | | $ | 551,665 | | |
Audit-Related Fees
|
| | | | 250,000 | | | | | | — | | |
Tax Fees
|
| | | | — | | | | | | 104,224 | | |
All Other Fees
|
| | | | — | | | | | | 70,262 | | |
Total
|
| | | $ | 781,200 | | | | | $ | 726,151 | | |
| | | |
AUDIT COMMITTEE
Dennis (De) Gao, Chairman Richard D. Butler, Jr. Tyler Sickmeyer |
|
Name and principal Position
|
| |
Year
|
| |
Salary
|
| |
Bonus
|
| |
Stock
Awards |
| |
Option
Awards(1) |
| |
All Other
Compensation(2) |
| |
Total
|
| |||||||||||||||||||||
Jon Isaac(3)
President and Chief Executive Officer |
| | |
|
2022
|
| | | | $ | 363,462 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 10,226 | | | | | $ | 373,688 | | |
| |
|
2021
|
| | | | $ | 350,000 | | | | | $ | 434,782 | | | | | $ | — | | | | | $ | 76,177 | | | | | $ | 10,226 | | | | | $ | 871,185 | | | ||
Weston A. Godfrey, Jr.
Chief Executive Officer of Marquis Industries |
| | |
|
2022
|
| | | | $ | 304,928 | | | | | $ | 800,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 15,742 | | | | | $ | 1,120,670 | | |
| |
|
2021
|
| | | | $ | 307,344 | | | | | $ | 800,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 15,368 | | | | | $ | 1,122,712 | | | ||
Michael J. Stein(4)
Senior Vice President and General Counsel |
| | |
|
2022
|
| | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| |
|
2021
|
| | | | $ | 310,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 310,000 | | | ||
Eric Althofer
Chief Operating Officer |
| | |
|
2022
|
| | | | $ | 326,077 | | | | | $ | 75,000 | | | | | $ | — | | | | | $ | 37,619 | | | | | $ | — | | | | | $ | 438,696 | | |
| |
|
2021
|
| | | | $ | 126,923 | | | | | $ | — | | | | | $ | — | | | | | $ | 37,584 | | | | | $ | — | | | | | $ | 164,507 | | | ||
David Verret
Chief Financial Officer |
| | |
|
2022
|
| | | | $ | 268,149 | | | | | $ | 110,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 378,149 | | |
| |
|
2021
|
| | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Year
|
| |
PEO
|
| |
Summary
Compensation Table Total for PEO |
| |
Compensation
Actually Paid to PEO |
| |
Average
Summary Compensation Table Total for Non-PEO NEO’s |
| |
Average
Compensation Actually Paid to Non-PEO NEO’s |
| |
Value of
Initial $100 Investment Based on Total Stockholder Return |
| |
Net Income
|
| ||||||||||||||||||
(1)
|
| |
(2)
|
| |
(3)
|
| |
(4)
|
| |
(5)
|
| |
(6)
|
| |
(7)
|
| |
(8)
|
| ||||||||||||||||||
2022
|
| |
Jon Isaac
|
| | | $ | 373,688 | | | | | $ | 363,462(a) | | | | | $ | 645,838 | | | | | $ | 633,299 (c) | | | | | $ | 67.70(e) | | | | | $ | 24,741,000 | | |
2021
|
| |
Jon Isaac
|
| | | $ | 871,185 | | | | | $ | 784,782(b) | | | | | $ | 532,406 | | | | | $ | 519,878(d) | | | | | $ | 313.87(f) | | | | | $ | 31,197,000 | | |
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |||||||||
Jon Isaac
President and Chief Executive Officer |
| | | | 25,000(1) | | | | | | 10.00 | | | | | | 1/15/2025(2) | | |
Eric Althofer
Chief Operating Officer |
| | | | 5,000(1) | | | | | | 40.00 | | | | | | 4/10/2024 | | |
David Verret
Chief Financial Officer |
| | | | — | | | | | | — | | | | | | — | | |
Weston A. Godfrey, Jr.
Chief Executive Officer of Marquis Industries |
| | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||
Jon Isaac(1)
|
| | | | — | | | | | | — | | | | | | — | | |
Richard D. Butler, Jr.(2)
|
| | | | 30,000 | | | | | | — | | | | | | 30,000 | | |
Dennis Gao(2)
|
| | | | 30,000 | | | | | | — | | | | | | 30,000 | | |
Tony Isaac(2)
|
| | | | 30,000 | | | | | | — | | | | | | 30,000 | | |
Tyler Sickmeyer(2)
|
| | | | 30,000 | | | | | | — | | | | | | 30,000 | | |
Name of Beneficial Owner
|
| |
Amount
and Nature of Beneficial Ownership |
| |
Percentage
of Class |
| ||||||
Executive Officers and Directors: | | | | | | | | | | | | | |
Jon Isaac, President and Chief Executive Office of Live Ventures Incorporated(1)
|
| | | | 1,543,687 | | | | | | 48.4% | | |
Eric Althofer, Chief Operating Officer(2)
|
| | | | 5,000 | | | | | | * | | |
David Verret, Chief Financial Officer(3)
|
| | | | — | | | | | | * | | |
Weston A. Godfrey, Jr., Chief Executive Officer of Marquis Industries, Inc.
|
| | | | — | | | | | | — | | |
Tony Isaac, Director(4)
|
| | | | 55,000 | | | | | | 1.7% | | |
Richard D. Butler, Jr., Director
|
| | | | 15,487 | | | | | | * | | |
Dennis Gao, Director
|
| | | | 7,493 | | | | | | * | | |
Tyler Sickmeyer, Director
|
| | | | — | | | | | | — | | |
All Executive Officers and Directors as a group (8 persons)
|
| | | | 1,626,667 | | | | | | 51.0% | | |
Other 5% Stockholders: | | | | | | | | | | | | | |
Isaac Capital Group, LLC(5) 3525 Del Mar Heights Rd. Suite 765 San Diego, California 92130
|
| | | | 1,299,510 | | | | | | 40.7% | | |
Kingston Diversified Holdings, LLC(6), 505 E. Windmill Ln, Suite 1C-231, Las Vegas, NV 89119
|
| | | | 279,440 | | | | | | 8.8% | | |
Plan Category
|
| |
Number of
securities to be issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-
average exercise price of outstanding options, warrants and rights (b) |
| |
Number of
securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by security holders
|
| | | | 87,500 | | | | | $ | 18.81 | | | | | | 212,500 | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 87,500 | | | | | $ | 18.81 | | | | | | 212,500 | | |