Company: NDRA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003612
Chunk: 481

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 481
---
 and strategic objectives and create long-term value for our stockholders. We believe the levels of compensation we provide should be competitive, reasonable and appropriate for our business needs and circumstances. Our board of directors uses benchmark compensation studies in determining compensation elements and levels. The principal elements of our executive compensation program have to date included base salary, annual bonus opportunity and long-term equity compensation in the form of restricted stock units and stock options. We believe successful long-term Company performance is more critical to enhancing stockholder value than short-term results. For this reason and to conserve cash and better align the interests of management and our stockholders, we emphasize long-term performance-based equity compensation over base annual salaries.

The following table sets forth information concerning the compensation earned by the individual that served as our principal executive officer during 2024, our two most highly compensated executive officers other than the individual who served as our principal executive officer during 2024, and up to two additional individuals for whom disclosure would have been provided but for the fact that such individual was not serving as an executive officer at the end of the last completed fiscal year (collectively, the “named executive officers”):

2024 Summary Compensation Table

Name and PrincipalPosition Year Salary ($)  Option Awards ($) (1)  Non-equity Incentive Plan Compensation ($)  All Other Compensation ($)(2)  Total ($) Alexander Tokman 2024  114,231   954(3)  -   100,000(3)  215,185 Acting Chief Executive Officer (since August 13, 2024)                      Francois Michelon   2024  202,126   -   -   112,524(4)  314,650 Former Chief Executive Officer (until August 12, 2024) 2023  387,859   258,341   -   587   646,787 Michael Thornton (5) 2024  221,690   -   -   392   222,082 Chief Technology Officer 2023  278,851   252,734   -   392   531,977 Richard Jacroux 2024  95,900   -   -   -   95,900(6)Chief Financial Officer (since August 8, 2024)                      Irina