CPIX · Cumberland Pharmaceuticals Inc

$7.65 +0.15 (+2.00%) At close · Aug 21

Market Cap

$114.62M

14.98M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	—	$730,080	$247,500	—	$569,000	—	$2,269	$1,558,849
Todd Anthony	—	$297,570	$30,000	—	$15,510	—	$2,525	$355,605
Chris T. Bitterman	—	$268,840	$27,000	—	$14,218	—	$17,776	$322,480
John M. Hamm	—	$256,090	$30,000	—	$14,218	—	$2,134	$312,442
James L. Herman	Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers.	$200,000	$10,000	—	$12,925	—	$1,810	$224,735

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	—	$702,000	$275,000	—	$188,000	—	$2,269	$1,167,269
James L. Herman	—	$310,000	$30,000	—	$6,840	—	$2,269	$349,109
Todd Anthony	—	$286,125	$30,000	—	$5,130	—	$2,497	$323,752
Chris T. Bitterman	—	$268,840	$30,000	—	$4,703	—	$2,422	$305,965
John M. Hamm	Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers.	$246,240	$30,000	—	$4,703	—	$2,091	$283,034

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	—	$675,000	$275,000	—	$217,000	—	$2,530	$1,189,530
James L. Herman	—	$310,000	$60,000	—	$7,880	—	$2,269	$400,149
Todd Anthony	—	$272,500	$30,000	—	$5,910	—	$2,442	$330,852
Chris T. Bitterman	—	$258,500	$30,000	—	$5,418	—	$2,369	$316,287
John M. Hamm	Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers.	$228,000	$30,000	—	$3,940	—	$2,011	$283,951

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	—	$635,000	$260,000	$51,800	$228,000	—	$2,497	$1,197,297
Leo B. Pavliv	Executive Vice President and Chief Development Officer	$455,000	$81,000	—	$12,950	—	$744	$549,694
Martin E. Cearnal	Executive Vice President and Chief Commercial Officer	$350,000	$67,200	—	$12,950	—	$744	$430,894
James L. Herman	—	$292,000	$60,000	—	$15,540	—	$648	$388,188
John M. Hamm	Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers.	$207,000	$24,000	$51,800	$5,180	—	$378	$308,358

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	Chief Executive Officer	$610,132	$260,000	$42,480	$311,520	—	$2,497	$1,239,129
Leo B. Pavliv	Executive Vice President and Chief Development Officer	$437,500	$67,500	—	$16,100	—	$744	$521,844
Martin E. Cearnal	Executive Vice President and Chief Commercial Officer	$336,500	$56,000	—	$16,100	—	$744	$419,344
James L. Herman	Executive Vice President and Chief Compliance Officer	$270,000	$50,000	—	$9,660	—	$648	$345,308
Michael Bonner	Senior Director of Finance and Accounting and Chief Financial Officer Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers. Mr. Hamm was appointed as the Company's chief financial offer May 17, 2021.	$220,000	$34,500	$16,100	—	—	$215	$270,815
John M. Hamm	Vice President and Chief Financial Officer Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers.	$177,500	$20,000	—	$9,660	—	$378	$227,538

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	Chief Executive Officer	$589,500	$195,000	$356,000	—	—	$2,497	$1,155,497
Leo B. Pavliv	Executive Vice President and Chief Development Officer	$422,000	$67,500	$89,000	—	—	$744	$579,244
Martin E. Cearnal	Executive Vice President and Chief Commercial Officer	$325,000	$56,000	$17,800	—	—	$744	$409,544
James L. Herman	Executive Vice President and Chief Compliance Officer	$260,000	$50,000	$14,240	—	—	$648	$332,388
Michael Bonner	Senior Director of Finance and Accounting and Chief Financial Officer Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers. Mr. Hamm was appointed as the Company's chief financial offer May 17, 2021.	$205,500	$34,500	$8,900	—	—	$516	$255,666

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	Chief Executive Officer	$566,800	$260,000	$598,000	—	—	$2,497	$1,477,297
Leo B. Pavliv	Executive Vice President and Chief Development Officer	$405,600	$80,000	$149,500	—	—	$744	$675,844
Martin E. Cearnal	Executive Vice President and Chief Commercial Officer	$312,000	$80,000	$29,900	—	—	$744	$462,644
James L. Herman	Executive Vice President and Chief Compliance Officer	$250,000	$55,000	$17,940	—	—	$648	$353,588
Michael Bonner	Senior Director of Finance and Accounting and Chief Financial Officer Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers. Mr. Hamm was appointed as the Company's chief financial offer May 17, 2021.	$197,600	$35,000	$14,950	—	—	$516	$273,066

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	Chief Executive Officer	$545,000	$260,000	$670,000	—	—	$744	$1,475,744
Leo B. Pavliv	Executive Vice President and Chief Development Officer	$390,000	$80,000	$167,500	—	—	$744	$638,244
Martin E. Cearnal	Executive Vice President and Chief Commercial Officer	$300,000	$80,000	$33,500	—	—	$744	$414,244
James L. Herman	Senior Vice President and Chief Compliance Officer	$240,000	$55,000	$20,100	—	—	$648	$315,748
Michael Bonner	Senior Director of Finance and Accounting and Chief Financial Officer Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers.	$190,000	$35,000	$16,750	—	—	$516	$242,266

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
A. J. Kazimi	Chief Executive Officer	$523,000	$260,000	$645,000	—	—	$744	$1,478,744
Leo B. Pavliv	Executive Vice President and Chief Development Officer	$376,400	$80,000	$64,500	—	—	$744	$666,644
Martin E. Cearnal	Executive Vice President and Chief Commercial Officer	$288,750	$80,000	$74,820	—	—	$744	$509,314
James L. Herman	Senior Vice President and Chief Compliance Officer	$231,000	$55,000	$38,700	—	—	$648	$360,348
Michael Bonner	Senior Director of Finance and Accounting and Chief Financial Officer The fair value of restricted stock awards granted during March 2019 equaled $5.98, the closing price of our common stock on the grant date. Represents the additions for the Named Executive Officers to the non-contributory, non-qualified defined contribution plan that provides for the payment of benefits from the general funds of the Company. Represents premiums paid for by the Company with respect to life insurance for the benefit of the Named Executive Officers.	$182,100	$35,000	$16,125	—	—	$516	$258,741

Executive changes

Person	Role	Change	Effective	Filed
James L. Herman	Vice President Trade & Distribution and Corporate Compliance Officer	Resigned	2026-07-31	2026-07-01
Chris T. Bitterman	Vice President Sales & Marketing	Resigned	2026-07-31	2026-07-01
Todd Anthony	Vice President of Organizational Development	Appointed	2023-01-01	2023-03-15
John Hamm	Chief Financial Officer	Appointed	2023-01-01	2023-03-15
James "Jim" Herman	Executive Vice President National Accounts & Chief Compliance Officer	Appointed	2023-01-01	2023-03-15
Martin S. Brown Jr	member of its Board of Directors	Appointed	2022-07-15	2022-07-19
Leo Pavliv	Executive Vice President, Chief Development & Operations Officer	Retired	2022-05-31	2022-06-03
John Hamm	Senior Director Finance & Accounting and Chief Financial Officer	Appointed	2021-05-17	2021-05-14
Kenneth J. Krogulski	Class I Director	Appointed	2020-05-05	2020-05-08
Jonathan I. Griggs	Class II Director	Appointed	2020-05-05	2020-05-08
Caroline R. Young	Class I Director	Appointed	2020-05-05	2020-05-08
Joey A. Jacobs	Class I Director	Appointed	2020-05-05	2020-05-08

Key facts CIK 1087294 CUSIP 230770109 13F (30d) 32 filings 32 filers Visit website Investor relations