Company: AMTX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010522
Chunk: 31

Company: AEMETIS, INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 31
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.09 |     | $                     | 527,534 |
| Andrew B. Foster   |     | 1/18/2024  |     |                  | 200,000 |     |                |       - |     | $                        | 3.09 |     | $                     | 527,534 |
| Sanjeev Gupta      |     | 1/18/2024  |     |                  | 200,000 |     |                |       - |     | $                        | 3.09 |     | $                     | 527,534 |
| J. Michael Rockett |     | 1/18/2024  |     |                  | 200,000 |     |                |       - |     | $                        | 3.09 |     | $                     | 527,534 |

The exercise price for stock option awards granted during 2024 was set at the closing price as reported by NASDAQ on the date of grant. Each option award has a term of 10 years from the date of grant and vests over three years, with one-twelfth (1/12) of the shares subject to the option vesting every three months from the date of grant. No outstanding stock option awards were modified during 2024.

Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table

We are party to employment agreements with each of our Named Executive Officers. The material elements of these employment agreements are summarized below and in the section of this Proxy titled “Potential Payments Upon Termination or Change-in-Control.”

Eric A. McAfee - Effective January 1, 2020, the Company entered into an employment agreement with Mr. McAfee in connection with his continuing responsibilities as Chief Executive Officer. He received a salary of $360,000 per year in 2023 and 2024. For 2025, Mr. McAfee’s salary was reviewed and adjusted to $500,000 in light of his performance and competitive pressures. In addition, Mr. McAfee is entitled to an annual cash bonus in an amount determined by the Board of Directors. The Board has delegated the determination of bonuses to its GCN Committee. The initial term of Mr. McAfee’s employment agreement was for three years with automatic one-year renewals thereafter, unless terminated by either party on sixty days’ notice prior to the end of the then-current period.

Todd A. Waltz -Effective January 1, 2020, the Company entered into an employment agreement