Company: CPSH
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001437749-25-008032
Chunk: 28

Company: CPS TECHNOLOGIES CORP/DE/
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 28
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 | -2)(3 |     | $      |      21,486 | -8 |     | $            |  12,747 |    -4 |     | $     |  320,716 |
| Daniel Barton                      |     |      | 2024 |     |        | $210,000 | -6 |     | $     |       - |    -2 |     | $      |      19,589 | -9 |     |              |  $9,461 |    -4 |     |       | $239,050 |
| Vice President Operations          |     |      | 2023 |     |        | $206,387 | -6 |     |       | $48,000 |    -2 |     |        |     $21,486 | -8 |     |              | $10,074 |    -4 |     |       | $285,947 |

| (1) | Mr. Mackey’s annual base salary was set at $300,000 upon his date of hire in August 2023. In 2023, he was also paid $40,000 for costs associated with relocating to Massachusetts. |

| (2) | The Company instituted a bonus plan for 2023, to be reviewed and paid in 2024. The amount earned for 2023 is included in the 2023 amounts, although actually paid in 2024. In 2024 no bonuses were earned. Our 2023 filing showed bonuses actually received in 2023 and thus is different than the 2023 bonus amounts shown above. |

| (3) | The Board issued an additional $20,000 bonus to Mr. Griffith for the three-month period during 2023 during which he served as acting President of CPS. |

| (4) | In addition to the $40,000 for Mr. Mackey in 2023(see footnote (1)), amount represents Company payments to employee 401k accounts. These amounts were made under the same formula as are made to all employees participating in the Company 401(k) plan. |

| (5) | Mr. Griffith’s annual base salary for 2023 and 2024 was $210,000. |

| (6) | Mr. Barton’s annual base salary for 2023 and 2024 was $210,000. |

| (7) | Amount represents an award on August 1, 2023 of an option