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Total Compensation of FalconStor’s Executives

Only $376,500 for CEO Todd Brooks, down 18% from FY21 to FY22

The following table sets forth salary and total compensation in dollar paid or accrued during the FalconStor Software, Inc.‘s past FY19 , FY20, FY21 and FY22 ending on December 31, as published on a SEC filing (page 12).

Note that, for FY22, the company recorded poor financial performance despite joint sales with IBM, with sales down 28% Y/Y at $10.1 million and $1.8 million net loss.

Name and position FY Salary Total compensation Y/Y growth
Todd Brooks, president and CEO 2019 350,000 745,891 NA
2020 312,500 397,500 -47%
2021 350.000 460,690
16%
2022 350,000 376,500
-18%
Vincent Sita,
CFO and treasurer
2022 240,000 254,068 NA

 

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