ZRCN · ZRCN Inc. · Executive Compensation
$7.00
At close · Apr 8
Return incl. dividend (before tax)
Going-concern doubt
— flagged Sep 30, 2026
Substantial doubt about the company's ability to continue as a going concern.
“We do not believe our existing cash and cash equivalents along with borrowing capacity from our current lender will be sufficient to meet our anticipated cash needs over the next 12 months which raises substantial doubt about the Company's ability to continue as a going concern without any additional management actions. ... Management is actively pursuing options to improve liquidity, including negotiating waivers and/or amendments to our financial covenants, reducing discretionary spending and capital expenditures, negotiating cost reductions with our suppliers, continuing to improve inventory and evaluating potential capital raises. These plans should help the Company improve its liquidity position over the next fiscal year and enable the Company to continue as a going concern; however, while these plans are intended to mitigate the risk, there can be no assurance that they will be successful in eliminating the substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Sep 30, 2026
Market Cap
$72.53M
Shares
10.36M
Volume · Apr 8
100
Avg daily vol (3 sessions)
100
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 2021
| Executive | Role | Total |
|---|---|---|
| Nick Zeng | CEO and President (Fleming) | $182,000 |
| Rui Zhu | Director, GM of Smarten | $161,073 |
| Kenneth Charles | (KC) Grainger, Director | $1,000 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Nick Zeng | CEO and President (Fleming) | $172,000 |
| Rui Zhu | Director, GM of Smarten | $10,000 |
| Kenneth Charles | (KC) Grainger, Director | — |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Nick Zeng | CEO and President (Fleming) | $72,000 |
| Kenneth Charles | (KC) Grainger, Director | — |
| Rui Zhu | Director, GM of Smarten | — |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Kenneth Charles | (KC) Grainger, Director | — |
| Nick Zeng | CEO and President (Fleming) | — |
| Rui Zhu | Director, GM of Smarten | — |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Linda Graebner | Director | Appointed | 2024-10-24 |
| Brian P. Wong | Director | Appointed | 2024-10-11 |
| Joseph R. Bronson | Director | Appointed | 2024-08-20 |
| Ron Bourque | Director | Retired | 2024-08-20 |
| Jeff Parsons | Chief Financial Officer | Appointed | 2024-07-24 |
| Ron Bourque | President, Chief Financial Officer and Chief Operating Officer | Retired | 2024-07-24 |
| Ron Bourque | President, Chief Financial Officer and Chief Operating Officer | Retired | 2024-07-24 |
| Robert Wyler | board of directors | Appointed | 2023-05-18 |
| Ronald Bourque | board of directors | Appointed | 2023-05-18 |
| Ronald Bourque | Director | Appointed | 2023-04-20 |
| Robert Wyler | Director | Appointed | 2023-04-20 |
| John Stauss | Director | Appointed | 2023-04-20 |
| Ronald Bourque | President, Chief Financial Officer and Chief Operating Officer | Appointed | 2023-04-20 |
| Robert Wyler | General Counsel and Secretary | Appointed | 2023-04-20 |
| Ronald Bourque | President, Chief Financial Officer and Chief Operating Officer | Appointed | 2023-04-20 |
| John Stauss | Chairman and Chief Executive Officer | Appointed | 2023-04-20 |
| Christian Guilbaud | Board | Resigned | 2023-04-20 |
| Kenneth Charles Grainger | Board | Resigned | 2023-04-20 |
| Demin (Fleming) Huang | Chief Financial Officer and Secretary | Resigned | 2023-04-20 |
| Kenneth Charles Grainger | President & Chief Executive Officer | Resigned | 2023-04-20 |
| Kenneth Charles Grainger | interim President and Chief Executive Officer | Appointed | 2022-11-15 |
| Christian Guilbaud | Chairman of the Company | Appointed | 2022-11-15 |
Leadership
- John Stauss CEO, Chairman, Board Member
- Kenneth Charles Grainger CEO
- Nick Zeng CEO, Board Member
- Christian Guilbaud Chairman
- Jeff Parsons CFO
- Ronald Bourque CFO, COO, Board Member
- Robert Wyler General Counsel, Board Member
- Brian P. Wong Board Member
- Joseph R. Bronson Board Member
- Kenneth Charles Board Member
- Linda Graebner Board Member
- Rui Zhu Board Member