Stark Novus lifts CEO pay, adds $120K bonus
Stark Novus Financial Inc. (NRDE) reports that its Compensation Committee approved changes to the compensation of Chief Executive Officer Alexander Matina, effective September 1, 2026.
Rhea-AI Filing Summary
Stark Novus Financial Inc. (NRDE) reports that its Compensation Committee approved changes to the compensation of Chief Executive Officer Alexander Matina, effective September 1, 2026. His annual base salary increases from $415,000 to $451,750.
The annual grant of restricted stock units to be awarded on or about the first trading day of 2027 and in each calendar year thereafter increases from $50,000 to $63,250 in fair market value, with the grant terms otherwise unchanged, including vesting in two substantially equal installments on the first and second anniversaries of the grant date, subject to acceleration upon a change in control and continued employment through each vesting date. A pro-rated RSU grant will be made for the balance of 2026, with vesting to commence on the first and second anniversaries of September 1, 2026. Mr. Matina will also receive a one-time cash bonus of $120,000, payable on September 1, 2026.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
CEO base salary (prior): $415,000 per year
CEO base salary (new): $451,750 per year
Annual RSU grant (prior): $50,000 fair market value
+3 more
6 metrics
CEO base salary (prior)
$415,000 per year
Annual base salary of CEO Alexander Matina before September 1, 2026
CEO base salary (new)
$451,750 per year
Annual base salary of CEO Alexander Matina effective September 1, 2026
Annual RSU grant (prior)
$50,000 fair market value
Annual RSU grant value before the change
Annual RSU grant (new)
$63,250 fair market value
Annual RSU grant value starting with grant on or about the first trading day of 2027
One-time cash bonus
$120,000
Cash bonus payable to CEO Alexander Matina on September 1, 2026
RSU vesting schedule
Two substantially equal installments
Vests on first and second anniversaries of the grant date, subject to change in control terms
Key Terms
restricted stock units, fair market value, change in control, emerging growth company
4 terms
restricted stock units financial
"the annual grant of restricted stock units to be made to Mr. Matina"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
fair market value financial
"was increased from $50,000 to $63,250 in fair market value"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
change in control financial
"subject to acceleration upon a change in control and continued employment"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
emerging growth company regulatory
"§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What compensation changes did Stark Novus Financial (NRDE) approve for its CEO?
Stark Novus Financial approved an increase in CEO Alexander Matina’s annual base salary from $415,000 to $451,750, a higher annual RSU grant value from $50,000 to $63,250, a pro-rated RSU grant for 2026, and a one-time $120,000 cash bonus.
When do the new CEO compensation terms at NRDE become effective?
The new compensation terms for Stark Novus Financial’s CEO, Alexander Matina, become effective on September 1, 2026. The one-time cash bonus of $120,000 is also payable on that date, and vesting for the 2026 pro-rated RSU grant begins on the first and second anniversaries of that date.
How did Stark Novus Financial (NRDE) change the CEO’s equity compensation?
The company increased the CEO’s annual restricted stock unit grant value from $50,000 to $63,250 in fair market value starting with the grant on or about the first trading day of 2027, with the same vesting terms and a pro-rated RSU grant for the remainder of 2026.
What are the vesting terms for the CEO’s RSU awards at Stark Novus Financial?
The CEO’s RSU awards vest in two substantially equal installments on the first and second anniversaries of the grant date, subject to continued employment through each vesting date and subject to acceleration upon a change in control. The pro-rated 2026 RSU grant follows the same schedule from September 1, 2026.
Did Stark Novus Financial (NRDE) approve any immediate cash payment for its CEO?
Yes. Stark Novus Financial approved a one-time cash bonus of $120,000 for CEO Alexander Matina, payable on September 1, 2026, in addition to his increased base salary and changes to ongoing RSU awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
