Company: AEMD
Filing Date: 2025-06-26
Form Type: 10-K
Source: 0001683168-25-004780
Chunk: 1297

Company: AETHLON MEDICAL INC
Filing Date: 2025-06-26
Form: 10-K
Item: Item 9
Chunk 1297
---
 program, the Compensation Committee of our Board of
Directors (the “Compensation Committee”) is committed to providing the information necessary to help stockholders understand
its executive compensation-related decisions. Accordingly, this section includes supplemental narratives that describe the 2024 fiscal
year executive compensation program for our named executive officers.

 66 

Our named executive officers for the fiscal year
ended March 31, 2025, consist of our Chief Executive Officer, who also serves as our Principal Financial Officer; our Chief Medical Officer;
and our former Senior Vice President, Chief Operating Officer, who served during the fiscal year but was no longer employed as of year-end.
These individuals represented our principal executive officers and the two most highly compensated executive officers other than our principal
executive officers.

    ·
    James B. Frakes, our Chief Executive Officer and Chief Financial Officer;

    ·
    Steven P. LaRosa, M.D., our Chief Medical Officer; and

    ·
    Guy F. Cipriani, our former Senior Vice President, Chief Operating Officer.

SUMMARY COMPENSATION TABLE FOR 2025 AND 2024 FISCAL
YEARS

The following table summarizes
all compensation earned by our named executive officers for the fiscal years ended March 31, 2025 and 2024.

    Named And Principal Position 
    Fiscal Year  Ended  March 31,  
    Salary ($)  
    All Other  Compensation ($)  
    Total  ($) 
  
    James B. Frakes 
     2025  
     500,000  
     –  
     500,000 
  
    Chief Executive Officer and Chief Financial Officer 
     2024  
     416,449  
     –  
     416,449 
  
    Steven P. LaRosa, M.D. 
     2025  
     430,000  
     50,000  
     480,000 
  
    Chief Medical Officer 
     2024  
     430,000  
     –  
     430,000 
  
    Guy F. Cipriani 
     2025  
     199,500  
     196,188(1) 
     395,688 
  
    Senior Vice President, Chief Operating Officer 
     2024  
     378,064  
     –  
     378,064