Company: DSNY
Filing Date: 2025-11-24
Form Type: 10-K
Source: 0001062993-25-016994
Chunk: 335

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: 10-K
Item: Item 8
Chunk 335
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,296

                    Chief Financial Officer (appointed May 2025)
                    2024
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(1) The value of prerequisites and other personal benefits, securities and property for the individuals included in the summary compensation table that does not exceed $10,000 is not reported herein. Other compensation includes participation in the employee share purchase plan described below under long-term incentive plans.

(2) Compensation is stated in United States dollars. Where compensation was provided in Canadian dollars, compensation is based on an exchange rate of 0.7159 US dollars for each 1.00 Canadian dollar during the 2025 fiscal year and 0.7348 US dollars for each 1.00 Canadian dollar during the 2024 fiscal year.

(3) Appointed May 2025.

(4) Resigned effective September 2024

EMPLOYMENT AGREEMENT WITH OUR NAMED EXECUTIVE OFFICERS

We are not party to any written employment agreement or change in control arrangements with Mr. Vandenberg and Ms. Mendesh. We do not have any agreements with Mr. Vandenberg and Ms. Mendesh regarding the payments of bonus or other performance incentives. Mr. Vandenberg and Ms. Mendesh are eligible to receive stock options as and when approved by our Board of Directors.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END

The following table summarizes equity awards granted to our named executive officers that were outstanding as of August 31, 2025:

                    Name and Principal Position
                    Number ofSecuritiesUnderlyingUnexercisedOptions #Exercisable
                    # Unexercisable
                    Incentive PlanAwards:Number ofSecuritiesUnderlyingUnexercisedOptions
                    WeightedAverage OptionExercise Price$
                    OptionExpirationDate

                    Frederick Vandenberg,Chief Executive Officer
                    80.000
                    -
                    -
                    1.50
                    31-Oct-2026

                    20,000
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                    -
                    0.85
                    23-Jul-2028

LONG-TERM INCENTIVE PLANS

The Company has an Employee Stock Purchase Program whereby all employees of the Company are eligible to contribute up to 5% of their annual salary into a pool which is matched equally by the Company. Independent directors are able to contribute a maximum of $12,500 each annually, for a combined maximum annual purchase of $25,000. The