Here are the DEF 14A proxy statements from Fonar Corporation (FONR) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow FONR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FONR filings page.
Fonar Corporation is asking shareholders to vote at its June 17, 2026 annual meeting on electing five directors, approving executive compensation on an advisory basis, and ratifying CohnReznick LLP as auditor for fiscal 2026.
The proxy details a controlled governance structure in which Chairman and CEO Timothy R. Damadian controls over 50% of voting power, an all‑independent audit committee, and the absence of separate compensation and nominating committees. It discloses 6,173,008 Common shares, 146 Class B and 382,513 Class C shares outstanding as of April 20, 2026, with Class B and C carrying 10 and 25 votes per share, respectively.
The filing outlines a pay‑for‑performance approach, showing 2025 compensation of $295,000 for the CEO (all bonus), $498,241 for the COO and $437,155 for the General Counsel, and minimum $20,000 annual cash retainers for independent directors. Audit fees for fiscal 2025 totaled $478,000 for CohnReznick LLP and $67,600 for Marcum LLP. Embedded 10‑K content highlights Fonar’s HMCA management segment, 216,317 MRI scans in fiscal 2025, net revenues of $104.4 million, and a record of 63 consecutive profitable quarters, as well as ongoing consideration of a separate going‑private proposal via a special committee.