| 2001-10-01 |
Mr. Zackary Irani has been a Director of the Company, and has been serving as the Company's Chairman of the Board and Chief Executive since April 29, 1997. Prior to that time, Mr. Irani served as the Company's Vice President of Business Development since July 1994. He has been an employee of the Company since 1986. |
| 2002-09-30 |
Zackary Irani, Chairman 2002 45,000(3) -0- -0- -0- 65,000 -0- -0-
and Chief Executive
Officer 2001 91,593 -0- -0- -0- -0- -0- -0-
2000 117,925 -0- -0- -0- 1,000,000(2) -0- -0-
(3) The wages for fiscal 2002 include $29,862 in accrued wages. Mr. Irani
also received compensation from the subsidiary, Lancer Orthodontics
since he spends time at that facility. In July 2002 Mr. Irani agreed to
accept 37,778 shares of Biomerica restricted common stock in payment of
$17,000 of accrued wages. Mr. Irani was an employee of the Company's
subsidiary, ReadyScript, Inc. from June 2000 through April 2001. The
wages shown above for fiscal 2001 represent wages paid to him by
ReadyScript for that period, plus accrued wages of $41,667 still due
him by ReadyScript, plus wages paid to him by Biomerica, Inc. in May
2001. |
| 2005-09-28 |
Zackary Irani 39 1997 Chairman of the Board and Chief Executive Officer |
| 2006-09-28 |
Zackary Irani, 40, Chairman of the Board and Chief Executive Officer. Mr. Zackary Irani has been a Director of the Company, and has been serving as the Company's Chairman of the Board and Chief Executive Officer since April 29, 1997. Summary Compensation Table shows salary of $105,000 for 2006. |
| 2007-09-28 |
Zackary Irani, 41, Chairman of the Board and Chief Executive Officer. Total compensation: $167,143. |
| 2008-09-29 |
Zackary Irani, 42, Chairman of the Board and Chief Executive Officer. Compensation: $133,821 in 2008. |
| 2009-09-29 |
Zackary Irani Chairman 43 1997 Chairman of the Board and Chief Executive Officer
Mr. Zackary Irani has been a Director of the Company, and has been serving as the Company's Chairman of the Board and Chief Executive Officer since April 29, 1997.
EXECUTIVE COMPENSATION
The following table sets forth the total compensation earned by all executive officers of the company for the fiscal years ended May 31, 2009 and 2008.
Zackary Irani Chairman & Chief Executive Officer 2009 105,000 -0- -0- 7,832 -0- -0- -0- 112,832(1) |
| 2010-09-29 |
Mr. Zackary Irani has been a Director of the Company, and has been serving as the Company's Chairman of the Board and Chief Executive Officer since April 29, 1997. ... The following table sets forth the total compensation earned by all executive officers of the company for the fiscal years ended May 31, 2010 and 2009. ... Zackary Irani Chairman & Chief Executive Officer 2010 Salary ($) 105,000 Option Awards ($) 4,084 Total ($) 109,084 |
| 2011-09-28 |
Mr. Zackary Irani has been a Director of the Company, and has been serving as the Company's Chairman of the Board and Chief Executive Officer since April 29, 1997. ... The following table sets forth the total compensation earned by all executive officers of the company for the fiscal years ended May 31, 2011 and 2010. ... Zackary Irani Chairman & Chief Executive Officer 2011 Salary ($) 106,250 Option Awards ($) 15,345 Total ($) 121,595 |
| 2012-09-28 |
Zackary Irani 46 1997 Chairman of the Board and Chief Executive Officer
... The following table sets forth the total compensation earned by all executive officers of the company for the fiscal years ended May 31, 2012 and 2011.
Name and Principal Position Year Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non Equity Incentive Plan Compen-sation ($) Non-qualified Deferred Compen-sation Earnings All Other Compen-sation ($) Total ($)
Zackary Irani Chairman & Chief Executive Officer 2012 135,000 8,050 -0- 16,784 -0- -0- -0- 159,834(1) |
| 2013-09-30 |
Mr. Zackary Irani has been a Director of the Company, and has been serving as the Company's Chairman of the Board and Chief Executive Officer since April 29, 1997. ... The following table sets forth the total compensation earned by all executive officers of the company for the fiscal years ended May 31, 2013 and 2012. ... Zackary Irani Chairman & Chief Executive Officer 2013 Salary ($) 135,000 Bonus ($) 7,800 Total ($) 142,800. |
| 2014-09-29 |
Mr. Zackary Irani has been a Director of the Company, and has been serving as the Company's Chairman of the Board and Chief Executive Officer since April 29, 1997. |
| 2015-09-28 |
Zackary Irani, 49, Chairman of the Board and Chief Executive Officer. Total compensation: $217,077 in 2015. |
| 2016-09-28 |
Zackary Irani 50 1997 Chairman of the Board and Chief Executive Officer ... The following table sets forth the total compensation earned by the Companys Chief Executive Officer ... Zackary Irani Chairman & Chief Executive Officer 2016 Salary ($) 97,231 Option Awards ($) 60,900 Total ($) 158,131 |
| 2017-09-28 |
Zackary Irani, 51, Chairman of the Board and Chief Executive Officer. Total compensation: $136,606 in 2017. |
| 2018-09-28 |
Zackary Irani, 52, Chairman of the Board and Chief Executive Officer. Total compensation for fiscal 2018 was $295,081. |
| 2019-09-24 |
The following table sets forth the name and current age of each nominee for director, the year he or she was first elected a director and his or her position(s) with the Company. The Company does not pay a fee to any third party to identify potential nominees. The Board has not received recommended nominees from a stockholder. | Name | Age | Director Since | Positions Held | | Zackary Irani | 53 | 1997 | Chairman of the Board and Chief Executive Officer | ... EXECUTIVE COMPENSATION SUMMARY COMPENSATION TABLE | Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) (4) | Non- Equity Incentive Plan Compen-sation ($) | Non-qualified Deferred Compen-sation Earnings | All Other Compen-sation ($) | Total ($) | | Zackary Irani (1) Chairman & Chief Executive Officer | 2019 | 136,606 | -0- | -0- | 192,300 | -0- | -0- | -0- | 328,906 (1) | ... Although not prohibited by the Company's Bylaws, directors receive no cash compensation for their services as directors, but they have been, and may in the future be, granted options to purchase the Company's securities which serves as compensation for their services. The compensation of directors is subject to review and adjustment from time to time by the Board of Directors. The following table presents the compensation of Non-Employee Directors for the fiscal year ended May 31, 2019. - 10 - DIRECTOR COMPENSATION Although not prohibited by the Company's Bylaws, directors receive no cash compensation for their services as directors, but they have been, and may in the future be, granted options to purchase the Company's securities which serves as compensation for their services. The compensation of directors is subject to review and adjustment from time to time by the Board of Directors. The following table presents the compensation of Non-Employee Directors for the fiscal year ended May 31, 2019. - 10 - DIRECTOR COMPENSATION | Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | Change in Pension Value and Nonqualified Deferred Compensation Earnings | All Other Compensation ($) | Total ($) | | Allen Barbieri | -0- | -0- | 61,100 | -0- | -0- | -0- | -0- | 61,100 | | Francis Cano, Ph.D | -0- | -0- | 42,770 | -0- | -0- | -0- | 42,770 | | Mark Sirgo, Pharm.D. | -0- | -0- | 42,770 | -0- | -0- | -0- | 42,770 | | Jane Emerson, M.D., Ph.D. | -0- | -0- | 42,770 | -0- | -0- | 10,000 | 52,770 | | (1) All outside directors each received a 35,000 share stock option grant in fiscal 2019 except for Allen Barbieri, who received a 50,000 share stock option grant. The options were granted at the exercise price of $2.25 per share (market value on the date of grant). The grants for 35,000 were valued at $42,770 and the option for 50,000 was valued at $61,100 using the Black-Scholes options-pricing model (which uses assumptions for expected volatility, expected dividends, expected forfeiture rate, expected term and the risk-free interest rate). |
| 2020-09-25 |
Zackary Irani, 54, Chairman of the Board and Chief Executive Officer. Compensation: $330,481 in fiscal 2020. |
| 2021-09-28 |
The following table sets forth the name and current age of each nominee for director, the year he or she was first elected a director and his or her position(s) with the Company... Zackary Irani 55 1997 Chairman of the Board andChief Executive Officer... The following table sets forth the total compensation earned by the Companys Chief Executive Officer... Zackary Irani (1), Chairman & Chief Executive Officer 2021 Salary ($) 136,606 Bonus ($) 0 Stock Awards ($) 0 Option Awards ($) 351,728 Total ($) 488,334 |
| 2022-09-27 |
Mr. Zackary Irani has served as a Director, Chairperson of the Board and Chief Executive Officer of the Company since April 1997. ... The following table sets forth the total compensation earned by the Companys Chief Executive Officer ... for the fiscal year ended May 31, 2022 ... Zackary Irani (1), Chairman & Chief Executive Officer ... Total ($) 491,333 |
| 2023-09-27 |
The following table sets forth the name and current age of each director nominee, the year he or she was first elected, and his or her position(s) with the Company... Zackary Irani 56 1997 Chairperson of the Board and Chief Executive Officer... The following table sets forth the total compensation earned by the Company’s Chief Executive Officer... Zackary Irani 2023 141,250... Mr. Zackary Irani has served as a Director, Chairperson of the Board and Chief Executive Officer of the Company since April 1997. |
| 2024-09-30 |
Mr. Zackary Irani has served as a Director, Chief Executive Officer of the Company since April 1997. |
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