Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 930

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 8
Chunk 930
---
     289,288 

    Jeff Parsons 
    2025  
     250,000  
     —  
     —  
     36,400  
     —  
     —  
     -  
     286,400 
  
    Chief Financial Officer 
    2024  
     -  
     —  
     —  
     —  
     —  
     —  
        
     - 

    Robert Wyler, 
    2025  
     241,879  
     —  
     —  
     117,110  
     —  
     —  
     —  
     358,989 
  
    Corporate Counsel and Secretary 
    2024  
     241,879  
     —  
     —  
     —  
     —  
     —  
     —  
     241,879 

Narrative
Disclosure to Summary Compensation Table

On
October 1, 2012, Zircon Corporation (the” Company”) and John R. Stauss (the “Executive”) entered into an Employment
Agreement (“Agreement”). The Agreement established an annual Base Salary of not less than $300,000 paid in periodic installments
in accordance with the Company’s regular payroll practices. The Agreement also provides for a bonus equal to 20% of net income
based on revenue and profitability targets as set forth in the Company’s Business Plan. The performance bonus is calculated and
paid on a quarterly basis. Under the terms of the Agreement, Mr. Stauss was paid $43,031 in October 2023 for the performance results
through the quarter ended September 30, 2023. The Agreement also entitles the Executive to participate in employee benefit plans of the
Company consistent with the benefit plan requirements for all employees. The Executive is also entitled to prompt reimbursement by the
Company for all reasonable ordinary and necessary travel, entertainment and other expenses incurred by the Executive during the employment
period. The Agreement has been extended through March 31, 2027.

34

Outstanding
Equity Awards at March 31, 2025 

    Name 
    Number
    of shares Granted Underlying Stock Options Held on March 31, 2025 
  
    John Stauss