Mako Mining Details 2025 Executive Pay, Restates Prior Years' Compensation, and Adopts Clawback Policy
MAKO sits 97% above its 52-week low of $3.616.
Summary
Mako Mining Corp. filed a detailed executive compensation statement for 2025, restated prior years' compensation reporting, and adopted a new clawback policy for executives.
Key Events · Corporate Governance and Compliance · MAKO
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Detailed 2025 Executive Compensation
The filing outlines base salaries, annual bonuses (70% cash, 30% RSUs), and long-term incentives for Named Executive Officers (NEOs) for 2025, with CEO Akiba Leisman receiving $2.62 million in total compensation.
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Restatement of Prior Years' Compensation Reporting
Compensation figures for 2023 and 2024 were restated to reflect amounts earned in those fiscal years, rather than the amounts paid or equity-based awards granted, leading to corresponding adjustments in total compensation for those periods.
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Adoption of Clawback Policy
A new clawback policy, effective February 23, 2026, was adopted, allowing for the recoupment of incentive compensation from executive officers in the event of an accounting restatement due to material noncompliance with financial reporting requirements.
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Significant Change of Control Provisions
The company detailed potential payments to NEOs upon termination without cause or a change of control, with CEO Akiba Leisman eligible for up to $3.98 million in a change of control scenario.
Analysis · MAKO · Energy & Transportation
This filing provides a comprehensive overview of executive and director compensation for 2025, including significant payouts tied to performance. The restatement of prior years' compensation figures (2023 and 2024) to reflect amounts earned rather than paid or granted is a material reporting adjustment. Additionally, the adoption of a clawback policy enhances corporate governance and aligns with regulatory best practices.
At the time of this filing, MAKO was trading at $7.12 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $644.5M. The 52-week trading range was $3.62 to $8.99. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.