Company: AEMD
Filing Date: 2025-06-26
Form Type: 10-K
Source: 0001683168-25-004780
Chunk: 959

Company: AETHLON MEDICAL INC
Filing Date: 2025-06-26
Form: 10-K
Item: Item 6
Chunk 959
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 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 

    (1)
    Includes a severance payment of $178,750 and a vacation payout of $17,438, each paid in connection with the executive’s termination of employment.

Narrative Disclosure to Executive Summary

Generally, the three principal
components of our executive compensation program for our named executive officers are base salary, executive cash bonus and long-term
incentive equity compensation. We do not have any formal policies for allocating compensation among salary, performance bonus awards and
equity grants, short-term and long-term compensation or among cash and non-cash compensation. Instead, the Compensation Committee considered
compensation information provided by Anderson Pay Advisors LLC, or Anderson, our compensation consultant, in determining the compensation
to recommend to the Board