TWAV · TaoWeave, Inc. · Executive Compensation
Market Cap
$4.81M
Shares
3.88M
Volume · Nov 12
3820
Avg daily vol (3M)
48.41K
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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 |
|---|---|---|
| Peter Holst | Director, President, and CEO | $502,000 |
| David Clark | CFO, Treasurer, and Secretary | $357,000 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Peter Holst | Director, President and CEO | $699,000 |
| David Clark | CFO, Treasurer and Secretary | $443,000 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Peter Holst | Director, President and CEO | $451,000 |
| David Clark | CFO, Treasurer and Secretary | $333,000 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Pete Hawkes | Former Senior Vice President, Design, Product, and Engineering Effective July 1, 2021, the annual salaries for Mr. Holst and Mr. Clark were increased to 295,000 and 260,000, respectively. Effective June 29, 2020, Mr. Hawkes annual salary is 200,000. These amounts represent the aggregate grant date fair value for awards of stock options for 2021, computed in accordance with FASB ASC Topic 718. Represents matching contributions under the Company’s 401(k) Plan for Mr. Holst of 8,693 for 2021 and 8,550 for 2020; for Mr. Clark of 8,688 for 2021 and 8,550 for 2020; and 5,769 for Mr. Hawkes for 2021. On March 4, 2022, Pete Hawkes was terminated as Senior Vice President of Product, Design, and Engineering due to the elimination of his position with the Company. In connections with Mr. Hawkes' departure, the Company and Mr. Hawkes entered into a separation agreement which included a customary release of claims and provides for a separation payment of 47,639 | $577,769 |
| Peter Holst | Chairman, President, and Chief Executive Officer | $455,033 |
| David Clark | Chief Financial Officer, Treasurer, and Corporate Secretary Effective July 1, 2021, the annual salaries for Mr. Holst and Mr. Clark were increased to 295,000 and 260,000, respectively. Represents matching contributions under the Company’s 401(k) Plan for Mr. Holst of 9,130 for 2022 and 8,693 for 2021 and for Mr. Clark of 7,800 for 2022 and 8,688 for 2021. | $350,852 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Peter Holst | Director, President, and Chief Executive Officer | $418,425 |
| David Clark | Chief Financial Officer, Treasurer, and Corporate Secretary | $351,808 |
| John Underkoffler | Former Director and Former CTO | $215,400 |
| Pete Hawkes | Former Senior Vice President, Design, Product, and Engineering Effective July 1, 2021, the annual salaries for Mr. Holst and Mr. Clark were increased to 295,000 and 260,000, respectively. Effective June 29, 2020, Mr. Hawkes annual salary is 200,000. These amounts represent the aggregate grant date fair value for awards of stock options for 2021, computed in accordance with FASB ASC Topic 718. Represents matching contributions under the Company’s 401(k) Plan for Mr. Holst of 8,693 for 2021 and 8,550 for 2020; for Mr. Clark of 8,688 for 2021 and 8,550 for 2020; and 5,769 for Mr. Hawkes for 2021. On March 4, 2022, Pete Hawkes was terminated as Senior Vice President of Product, Design, and Engineering due to the elimination of his position with the Company. In connections with Mr. Hawkes' departure, the Company and Mr. Hawkes entered into a separation agreement which included a customary release of claims and provides for a separation payment of 47,639 | $180,304 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Peter Holst | Chairman of the Board, President, and Chief Executive Officer | $466,833 |
| David Clark | Chief Financial Officer, Treasurer, and Corporate Secretary | $369,192 |
| John Underkoffler | Former Director and Former CTO | $75,250 |
| Pete Hawkes | Senior Vice President, Design, Product, and Engineering These amounts represent the aggregate grant date fair value for awards of RSUs for 2019 and 2020, computed in accordance with FASB ASC Topic 718. Represents a matching contribution under the Company’s 401(k) Plan of 8,550 and 8,400 for 2020 and 2019, respectively, and 2,390 of parking reimbursement for 2019. Represents the grant date fair value of 33,334 performance-vested RSU awards granted on January 28, 2019. These awards terminated without vesting on June 1, 2019 pursuant to their terms. Represents the grant date fair value of 10,667 performance-vested awards RSU granted on January 28, 2019. These awards terminated without vesting on June 1, 2019 pursuant to their terms. Effective May 1, 2020, Mr. Underkoffler was no longer with the Company as an employee and therefore the salary shown herein represents salary earned from January 1, 2020 through May 1, 2020 (Mr. Underkoffler’s annual salary was 300,000). Mr. Underkoffler received a severance payment of 100,000 and COBRA benefits in connection with his separation from the Company pursuant to the terms of a Separation Agreement (which is reflected in the “All Other Compensation” column and is discussed further in “Agreements with Named Executive Officers” below). Effective November 9, 2020, Mr. Underkoffler resigned from the Board of Directors. Mr. Underkoffler joined the Company on October 1, 2019 and therefore the salary shown herein represents salary earned from October 1, 2019 through December 31, 2019. Effective June 29, 2020, Mr. Hawkes annual salary is 200,000. With Mr. Underkoffler’s departure, Mr. Hawkes became a newly designate named executive officer of the Company; accordingly, only compensation received with respect to fiscal year 2020 is presented in the table above. | — |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Peter Holst | Chairman of the Board, President, and Chief Executive Officer | $845,485 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Deborah Meredith | third member of the Audit Committee | Appointed | 2025-09-11 |
| Robert Weinstein | Chairman of the Audit Committee | Resigned | 2025-09-11 |
| Jason Adelman | Chairman of the Audit Committee | Appointed | 2025-09-11 |
| Robert Weinstein | director | Resigned | 2025-09-11 |
| Robert Weinstein | director | Appointed | 2023-05-30 |
| Matthew Blumberg | director | Resigned | 2023-05-30 |
| Jonathan Schechter | director | Appointed | 2023-05-30 |
| James Lusk | director | Resigned | 2023-05-30 |
Leadership
- Peter Holst CEO, Board Member
- Deborah Meredith Chairman
- Jason Adelman Chairman
- Jonathan Schechter Chairman, Board Member
- David Clark CFO
- John Underkoffler CTO
- Robert Weinstein Board Member