Genasys Inc. has approved new compensation terms for CEO Richard Danforth for the 2026 fiscal year. Danforth will receive a base salary of $490,000 and is eligible for a cash bonus target equal to 100% of his base salary, with a maximum potential payout of $784,000 based on performance objectives related to revenue, annual recurring revenue $(ARR)$, and debt repayment. Additionally, he has been granted 200,000 restricted stock units (RSUs) subject to time-based vesting and 200,000 RSUs subject to performance-based vesting under the company’s 2025 Equity Incentive Plan. The performance-based RSUs will only vest if all three specified performance objectives are met at required levels. In connection with these grants, previously awarded performance-based options to purchase 800,000 shares have been canceled.

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