SNFI · Stark Novus Financial Inc.
$1.71
+0.00 (+0.00%)
At close · Aug 31
Going-concern doubt
— cleared Aug 14, 2026
The latest filing states the doubt was alleviated.
“The Company’s liquidity and ability to continue as a going concern is dependent upon, among other things: (i) the resolution of significant contingent and other claims and liabilities and (ii) the outcome of the Company’s efforts to realize value, if any, from its retained causes of action, including the Foxconn Litigation, and other remaining assets. The Company is continuing to explore potential business opportunities, including strategic alternatives or business combinations, including those that would preserve the value of the Company’s NOLs. Based on the foregoing, management believes that the Company will have sufficient working capital to meet its needs through the date one year from this filing.”View the 10-Q filed Aug 14, 2026
Market Cap
$27.85M
Shares
16.29M
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 2024
| Executive | Role | Total |
|---|---|---|
| Edward T. Hightower | Former Chief Executive Office and President | $1,136,177 |
| Adam B. Kroll | Former Chief Financial Officer and Corporate Secretary | $869,305 |
| Daniel A. Ninivaggi | Former Executive Chairman | $646,686 |
| William Gallagher | Former Chief Executive Officer, President, Secretary, and Treasurer | $564,167 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Edward T. Hightower | Former Chief Executive Office and President | $674,783 |
| Daniel A. Ninivaggi | Former Executive Chairman | $458,168 |
| Adam B. Kroll | Former Chief Financial Officer and Corporate Secretary | $453,672 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Edward T. Hightower | Chief Executive Officer and President (since July 12, 2022) | $3,707,660 |
| Melissa A. Leonard | Executive Vice President, General Counsel and Secretary | $2,863,078 |
| Daniel A. Ninivaggi | Executive Chairman (since July 12, 2022) | $2,152,998 |
| Adam B. Kroll | Chief Financial Officer | $1,820,860 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Daniel A. Ninivaggi | Executive Chairman (since July 12, 2022) | $5,575,698 |
| Jane Ritson-Parsons | Executive Vice President — Chief Commercial Officer | $4,296,177 |
| Thomas V. Canepa | Former General Counsel & Corporate Secretary (through December 17, 2021) Chuan D. (John) Vo Former Vice President of Propulsion (through February 25, 2022) | $2,953,130 |
| Adam B. Kroll | Chief Financial Officer | $1,777,171 |
| Adam Kroll | Chief Financial Officer (since October 25, 2021) | $1,777,171 |
| Angela Strand | Former Executive Chair (from June 18, 2021 to August 26, 2021) | $1,400,521 |
| Stephen S. Burns | Former Chief Executive Officer (through June 14, 2021) | $489,423 |
| Melissa A. Leonard | Executive Vice President, General Counsel and Secretary | — |
| Edward T. Hightower | Chief Executive Officer and President (since July 12, 2022) | — |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Phil Richard Schmidt | President | $412,305 |
| Thomas V. Canepa | Former General Counsel & Corporate Secretary (through December 17, 2021) Chuan D. (John) Vo Former Vice President of Propulsion (through February 25, 2022) | $380,385 |
| Stephen S. Burns | Former Chief Executive Officer (through June 14, 2021) | $269,266 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Stephen S. Burns | Former Chief Executive Officer | $99,113 |