Fred W. Wagenhals served as Executive Chairman and Chairman of the Board. Mr. F. Wagenhals resigned from all positions at the Company effective April 4, 2025. Under the terms of his employment agreement, Mr. F. Wagenhals was eligible to receive cash performance bonuses targeted at 100%-125% of his salary based on the Company's financial performance for any full fiscal year, to be determined in the sole discretion of the Board based upon the recommendation of the Compensation Committee, from time to time. Mr. F. Wagenhals was entitled to receive 180,000 shares of Common Stock on an annual basis, granted in equal installments following the end of each calendar quarter, subject to continued employment. His base salary for fiscal 2025 was set at $400,000. As of June 30, 2025, Mr. F. Wagenhals held 7,332,713 shares of Common Stock, including 7,021,700 shares held by the Fred W. Wagenhals Trust that may be deemed to be beneficially owned by him, representing 6.3% beneficial ownership.