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No | | | Proposal | | | Vote Required | | | Routine vs. Non- Routine Matter | | | Effect of Abstentions | | | Effect of Broker Non-Votes | |
1 | | | Election of Director | | | Plurality of Votes Cast | | | Non-Routine | | | No effect | | | No effect | |
2 | | | Ratification of Auditor | | | Majority of Votes Cast | | | Routine | | | No effect | | | None expected | |
3 | | | Approve Named Officer Compensation | | | Majority of Votes Cast | | | Non-Routine | | | No effect | | | None expected | |
Name of Beneficial Owner | | | Shares Beneficially Owned | | | Percent of Class(1) | | ||||||
Chun K. Hong(2) | | | | | 7,157,346 | | | | | | 3.1% | | |
Gail Sasaki(3) | | | | | 157,773 | | | | | | * | | |
All executive officers and directors as a group (2 persons)(4) | | | | | 7,315,119 | | | | | | 3.1% | | |
Name | | | Audit | | | Compensation | | | Nominating and Corporate Governance | |
Jun S. Cho | | | • | | | | | | • | |
Kiho Choi | | | Chair | | | • | | | | |
Blake A. Welcher | | | • | | | Chair | | | Chair | |
Number of Meetings Held in Fiscal 2020 | | | 3 | | | 1 | | | 0* | |
Name | | | Age | | | Position(s) | |
Chun K. Hong | | | 61 | | | President, Chief Executive Officer and Sole Director | |
Gail Sasaki | | | 65 | | | Executive Vice President, Chief Financial Officer and Secretary | |
Name | | | Fiscal Year 2021 Base Salary ($) | | |||
Chun K. Hong | | | | | 450,000 | | |
Gail Sasaki | | | | | 275,000 | | |
Name and Principal Position | | | Year | | | Base Salary($) | | | Bonus($) | | | Stock Awards($)(1) | | | All Other Compensation($)(2) | | | Total($) | | ||||||||||||||||||
Chun K. Hong President and Chief Executive Officer | | | | | 2020 | | | | | | 467,308 | | | | | | 180,000 | | | | | | 94,290 | | | | | | 62,092 | | | | | | 803,690 | | |
| | | 2019 | | | | | | 323,000 | | | | | | — | | | | | | 408,004 | | | | | | 51,486 | | | | | | 782,490 | | | ||
Gail Sasaki Vice President, Chief Financial Officer and Secretary | | | | | 2020 | | | | | | 285,577 | | | | | | 103,125 | | | | | | 23,573 | | | | | | 22,254 | | | | | | 434,529 | | |
| | | 2019 | | | | | | 200,000 | | | | | | — | | | | | | 223,992 | | | | | | — | | | | | | 423,992 | | |
Name and Principal Position | | | Year | | | Base Salary($) | | | Bonus($) | | | Stock Awards($)(1) | | | Option Awards($)(2) | | | All Other Compensation($)(3) | | | Total($) | | |||||||||||||||||||||
Chun K. Hong(4) President, Chief Executive Officer and Sole Director | | | | | 2021 | | | | | | 450,000 | | | | | | 665,000 | | | | | | — | | | | | | 627,060 | | | | | | 58,215 | | | | | | 1,800,275 | | |
| | | 2020 | | | | | | 467,308 | | | | | | 180,000 | | | | | | 94,290 | | | | | | — | | | | | | 62,092 | | | | | | 803,690 | | | ||
| | | 2019 | | | | | | 323,000 | | | | | | — | | | | | | 408,004 | | | | | | — | | | | | | 51,486 | | | | | | 782,490 | | | ||
Gail Sasaki Executive Vice President, Chief Financial Officer and Secretary | | | | | 2021 | | | | | | 275,000 | | | | | | 205,000 | | | | | | 72,400 | | | | | | — | | | | | | 22,007 | | | | | | 574,407 | | |
| | | 2020 | | | | | | 285,577 | | | | | | 103,125 | | | | | | 23,573 | | | | | | — | | | | | | 22,254 | | | | | | 434,529 | | | ||
| | | 2019 | | | | | | 200,000 | | | | | | — | | | | | | 223,992 | | | | | | — | | | | | | — | | | | | | 423,992 | | |
Name | | | Award Type | | | Grant Date | | | Estimated future payouts under non-equity incentive plan awards | | | All other stock awards: number of shares of stock or units (#)(4) | | | All other option awards: number of securities underlying options (#) | | | Exercise or base price of option awards ($/sh) | | | Grant date fair value of stock and option awards | | ||||||||||||||||||||||||||||||
| Threshold ($) | | | Target ($) | | | Maximum ($) | | ||||||||||||||||||||||||||||||||||||||||||||
Chun K. Hong | | | Cash Incentive(1) | | | | | — | | | | | | — | | | | | | 665,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Stock Options(2) | | | | | 1/13/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,000,000 | | | | | | 0.72 | | | | | | 627,060 | | | ||
Gail Sasaki | | | Cash Incentive(1) | | | | | — | | | | | | — | | | | | | 205,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Time-Based RSUs(3) | | | | | 1/13/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | 100,000 | | | | | | — | | | | | | — | | | | | | 72,400 | | |
| | | | | | | Option Awards | | Stock Awards | | | | | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Number of Securities Underlying Unexercised Options Exercisable(#)(1) | | Number of Securities Underlying Unexercised Options Unexercisable(#)(1) | | Option Exercise Price($) | | Option Expiration Date | | Number of Shares That Have Not Vested(#)(2) | | Market Value of Shares That Have Not Vested($)(2) | | | Grant Date | | Number of Securities Underlying Unexercised Options Exercisable(#)(1) | | Number of Securities Underlying Unexercised Options Unexercisable(#)(1) | | Option Exercise Price($) | | Option Expiration Date | | Number of Shares That Have Not Vested(#)(2) | | Market Value of Shares That Have Not Vested($)(2) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Chun K. Hong | | | | | 3/17/2011 | | | | | 300,000 | | | | | — | | | | | 2.21 | | | | | 3/17/2021 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/27/2012 | | | | | 300,000 | | | | | — | | | | | 3.59 | | | | | 2/27/2022 | | | | | — | | | | | — | | | | | | | 2/11/2013 | | | | | 300,000 | | | | | — | | | | | 0.71 | | | | | 2/11/2023 | | | | | — | | | | | — | | | ||||||||||||||
| | | 2/11/2013 | | | | | 300,000 | | | | | — | | | | | 0.71 | | | | | 2/11/2023 | | | | | — | | | | | — | | | | | | 2/21/2014 | | | | | 300,000 | | | | | — | | | | | 2.05 | | | | | 2/21/2024 | | | | | — | | | | | — | | | |||||||||||||||
| | | 2/21/2014 | | | | | 300,000 | | | | | — | | | | | 2.05 | | | | | 2/21/2024 | | | | | — | | | | | — | | | | | | 1/6/2015 | | | | | 300,000 | | | | | — | | | | | 0.84 | | | | | 1/6/2025 | | | | | — | | | | | — | | | |||||||||||||||
| | | 1/6/2015 | | | | | 300,000 | | | | | — | | | | | 0.84 | | | | | 1/6/2025 | | | | | — | | | | | — | | | | | | 1/18/2016 | | | | | 300,000 | | | | | — | | | | | 0.70 | | | | | 1/18/2026 | | | | | — | | | | | — | | | |||||||||||||||
| | | 1/8/2016 | | | | | 300,000 | | | | | — | | | | | 0.70 | | | | | 1/18/2026 | | | | | — | | | | | — | | | | | | 2/14/2017 | | | | | 300,000 | | | | | — | | | | | 1.02 | | | | | 2/14/2027 | | | | | — | | | | | — | | | |||||||||||||||
| | | 2/14/2017 | | | | | 281,250 | | | | | 18,750 | | | | | 1.02 | | | | | 2/14/2027 | | | | | — | | | | | — | | | | | | 1/13/2021 | | | | | 187,500 | | | | | 812,500 | | | | | 0.72 | | | | | 1/13/2031 | | | | | — | | | | | — | | | |||||||||||||||
| | | 3/7/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 464,062 | | | | | 279,783 | | | | | | 3/7/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 278,436 | | | | | 1,795,912 | | | |||||||||||||||
| | | 3/6/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 262,500 | | | | | 158,261 | | | | | | 3/6/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 187,500 | | | | | 1,209,375 | | | |||||||||||||||
Gail Sasaki | | | | | 3/17/2011 | | | | | 75,000 | | | | | — | | | | | 2.21 | | | | | 3/17/2021 | | | | | — | | | | | — | | | | | | | 3/18/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 154,405 | | | | | 995,912 | | | ||||||||||||
| | | 2/27/2012 | | | | | 75,000 | | | | | — | | | | | 3.59 | | | | | 2/27/2022 | | | | | — | | | | | — | | | | | | 3/6/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 46,875 | | | | | 302,344 | | | |||||||||||||||
| | | 2/11/2013 | | | | | 75,000 | | | | | — | | | | | 0.71 | | | | | 2/11/2023 | | | | | — | | | | | — | | | | | | 1/13/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 87,500 | | | | | 564,375 | | | |||||||||||||||
| | | 2/21/2014 | | | | | 75,000 | | | | | — | | | | | 2.05 | | | | | 2/21/2024 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 1/6/2015 | | | | | 75,000 | | | | | — | | | | | 0.84 | | | | | 1/6/2025 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 1/18/2016 | | | | | 75,000 | | | | | — | | | | | 0.70 | | | | | 1/18/2026 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/14/2017 | | | | | 70,312 | | | | | 4,688 | | | | | 1.02 | | | | | 2/14/2027 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/18/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 257,344 | | | | | 155,153 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/6/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 65,625 | | | | | 39,565 | | |
Name | | | Option Awards | | | Stock Awards | | ||||||||||||||||||
| Number of Shares Acquired on Exercise(#) | | | Value Realized on Exercise($)(1) | | | Number of Shares Acquired on Vesting(#) | | | Value Realized on Vesting($)(2) | | ||||||||||||||
Chun K. Hong | | | | | 300,000 | | | | | | 1,106,687 | | | | | | 260,625 | | | | | | 1,021,648 | | |
Gail Sasaki | | | | | 450,000 | | | | | | 2,099,092 | | | | | | 134,188 | | | | | | 513,070 | | |
Name | | | Fees Earned or Paid in Cash($) | | | Stock Awards($) | | | Total($) | | |||||||||
Jun S. Cho | | | | | 27,078 | | | | | | | | | | | | 27,078 | | |
Kiho Choi | | | | | 27,078 | | | | | | — | | | | | | 27,078 | | |
Blake A. Welcher | | | | | 25,065 | | | | | | | | | | | | 25,065 | | |
Plan Category | | | Equity Compensation Plan Information | | |||||||||||||||
| Number of securities to be issued upon exercise of outstanding options, warrants and rights | | | Weighted-average exercise price of outstanding options, warrants and rights($)(1) | | | Number of securities remaining available for future equity compensation plans | | |||||||||||
Equity compensation plans approved by security holders | | | | | 8,126,728(2) | | | | | | 0.88 | | | | | | 1,726,990(3) | | |
Equity compensation plans not approved by security holders | | | | | 450,000(4) | | | | | | 0.77 | | | | | | — | | |
Total | | | | | 8,576,728 | | | | | | 0.88 | | | | | | 1,726,990 | | |
| | | Equity Compensation Plan Information | | |||||||||||||||
Plan Category | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | | Weighted-average exercise price of outstanding options, warrants and rights($)(1) | | | Number of securities remaining available for future equity compensation plans | | |||||||||
Equity compensation plans approved by security holders | | | | | 10,155,893(2) | | | | | | 1.16 | | | | | | 1,852,822(3) | | |
Equity compensation plans not approved by security holders | | | | | 400,000(4) | | | | | | 0.33 | | | | | | — | | |
Total | | | | | 10,555,893 | | | | | | 1.12 | | | | | | 1,852,822 | | |
| | | Fiscal 2020($) | | | Fiscal 2019($) | | ||||||
Audit Fees(1) | | | | | 118,550 | | | | | | 126,800 | | |
Audit-Related Fees(2) | | | | | — | | | | | | — | | |
Tax Fees(2) | | | | | — | | | | | | — | | |
All Other Fees(2) | | | | | — | | | | | | — | | |
Total Fees | | | | | 118,550 | | | | | | 126,800 | | |
Name of Beneficial Owner | | | Shares Beneficially Owned | | | Percent of Class(1) | | ||||||
Chun K. Hong(2) | | | | | 7,537,669 | | | | | | 3.5% | | |
Gail Sasaki(3) | | | | | 674,921 | | | | | | * | | |
All executive officers and directors as a group (2 persons)(4) | | | | | 8,212,590 | | | | | | 3.8% | | |
| | | Fiscal 2021($) | | | Fiscal 2020($) | | ||||||
Audit Fees(1) | | | | $ | 202,650 | | | | | $ | 118,550 | | |
Audit-Related Fees(2) | | | | | — | | | | | | — | | |
Tax Fees(2) | | | | | — | | | | | | — | | |
All Other Fees(2) | | | | | — | | | | | | — | | |
Total Fees | | | | $ | 202,650 | | | | | $ | 118,550 | | |