Total Compensation of FalconStor’s Executives

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

This is a Press Release edited by StorageNewsletter.com on September 14, 2023 at 2:02 pm

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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