SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
(Amendment No. )
9237 E Via de Ventura Blvd., Suite 105
Scottsdale, AZ 85258
President, Chief Executive Officer and Director
April 29, 2025
Scottsdale, Arizona
9237 E Via de Ventura Blvd., Suite 105
Scottsdale, AZ 85258
Corporate Secretary
April 29, 2025
Scottsdale, Arizona
9237 E Via de Ventura Blvd., Suite 105
Scottsdale, AZ 85258
Phone: 480-434-6670
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| Name | | | Age | | | Position | | | Director Since | |
| Lindsay A. Rosenwald, M.D. | | | 70 | | | Executive Chairman of the Board of Directors | | | 2014 | |
| Claude Maraoui | | | 59 | | | President, Chief Executive Officer & Director | | | 2016 | |
| Neil Herskowitz | | | 68 | | | Director | | | 2021 | |
| Justin Smith | | | 51 | | | Director | | | 2021 | |
| Miranda Toledano | | | 48 | | | Director | | | 2021 | |
| Michael Pearce | | | 62 | | | Director | | | 2024 | |
| | | | 2024 | | | 2023 | | ||||||
| Audit Fees | | | | $ | 949,000 | | | | | $ | 890,300 | | |
| Audit-Related Fees | | | | | — | | | | | | — | | |
| Tax Fees | | | | | — | | | | | | — | | |
| All Other Fees | | | | | — | | | | | | — | | |
| Total Fees | | | | $ | 949,000 | | | | | $ | 890,300 | | |
Justin Smith
Miranda Toledano
Dated April 29, 2025
| Name | | | Age | | | Position | |
| Claude Maraoui | | | 59 | | | President, Chief Executive Officer and Director | |
| Ramsey Alloush | | | 40 | | | Chief Operating Officer | |
| Joseph Benesch | | | 58 | | | Chief Financial Officer and Corporate Controller | |
| Name and principal position | | | Year | | | Salary ($) | | | Bonus ($) | | | Stock Awards ($)(1) | | | Nonequity Plan Compensation ($)(2) | | | All Other Compensation ($)(3) | | | Total ($) | | |||||||||||||||||||||
| Claude Maraoui Chief Executive Officer | | | | | 2024 | | | | | $ | 566,500 | | | | | $ | — | | | | | $ | 1,622,250 | | | | | $ | 395,134 | | | | | $ | 13,800 | | | | | $ | 2,597,684 | | |
| | | | 2023 | | | | | $ | 550,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 371,250 | | | | | $ | 13,200 | | | | | $ | 934,450 | | | ||
| Joseph Benesch Chief Financial Officer | | | | | 2024 | | | | | $ | 309,000 | | | | | $ | — | | | | | $ | 741,600 | | | | | $ | 117,420 | | | | | $ | 7,668 | | | | | $ | 1,175,688 | | |
| | | | 2023 | | | | | $ | 300,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 103,200 | | | | | $ | 5,835 | | | | | $ | 409,035 | | | ||
| | | | | | | | | | Options Awards | | | | Stock Awards | | ||||||||||||||||||||||||||||||
| Name | | | Grant Date | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | | Option Exercise Price ($) | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | |||||||||||||||||||||
| Claude Maraoui | | | | | 10/19/2015 | | | | | | 1,250,000 | | | | | | — | | | | | $ | 0.065 | | | | | | 10/19/2025 | | | | | | | — | | | | | $ | — | | |
| | | | 7/21/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 150,000(2) | | | | | $ | 586,500 | | | ||
| | | | 1/3/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 116,667(3) | | | | | $ | 456,168 | | | ||
| | | | 5/1/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 175,000(4) | | | | | $ | 684,250 | | | ||
| Joseph Benesch | | | | | 7/21/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 25,000(2) | | | | | $ | 97,750 | | |
| | | | 1/3/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 53,334(3) | | | | | $ | 208,536 | | | ||
| | | | 5/1/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | 80,000(4) | | | | | $ | 312,800 | | | ||
| Plan Category | | | Number of Securities to Be Issued upon Exercise of Outstanding Options, Warrants and Rights (#)(1) | | | Weighted Average Exercise Price of Outstanding Options, Warrants and Rights ($)(2) | | | Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans Excluding Securities Reflected in Column (a)(3) | | |||||||||
| | | | (a) | | | (b) | | | (c) | | |||||||||
| Equity compensation plans approved by security holders: | | | | | 4,811,906 | | | | | $ | 1.41 | | | | | | 3,036,110 | | |
| Equity compensation plans not approved by security holders: | | | | | — | | | | | | — | | | | | | — | | |
| Total: | | | | | 4,811,906 | | | | | $ | 1.41 | | | | | | 3,036,110 | | |
| Name | | | Fees Earned in Cash ($)(1) | | | Stock Awards ($)(2) | | | Total ($) | | |||||||||
| Lindsay A. Rosenwald, M.D.(3) | | | | $ | 50,000 | | | | | $ | 50,000 | | | | | $ | 100,000 | | |
| Neil Herskowitz(3) | | | | $ | 60,000 | | | | | $ | 50,000 | | | | | $ | 110,000 | | |
| Michael Pearce(3)(4) | | | | $ | 23,913 | | | | | $ | 163,800 | | | | | $ | 187,713 | | |
| Justin Smith(3) | | | | $ | 50,000 | | | | | $ | 50,000 | | | | | $ | 100,000 | | |
| Miranda Toledano(3) | | | | $ | 50,000 | | | | | $ | 50,000 | | | | | $ | 100,000 | | |
| Name and Address of Beneficial Owner | | | Number of Shares of Common Stock Beneficially Owned | | | Percentage of Common Stock | | ||||||
| Five percent or more beneficial owners | | | | | | | | | | | | | |
| Fortress Biotech, Inc.(1) | | | | | 9,860,467 | | | | | | 42.66% | | |
| Tang Capital Management LLC(2) | | | | | 1,523,938 | | | | | | 6.59% | | |
| Named Executive Officers and Directors | | | | | | | | | | | | | |
| Lindsay A. Rosenwald, M.D.(3) | | | | | 820,715 | | | | | | 3.55% | | |
| Claude Maraoui(4) | | | | | 2,027,306 | | | | | | 8.77% | | |
| Neil Herskowitz | | | | | 71,717 | | | | | | * | | |
| Justin Smith | | | | | 134,717 | | | | | | * | | |
| Miranda Toledano | | | | | 71,717 | | | | | | * | | |
| Michael Pearce | | | | | — | | | | | | * | | |
| Ramsey Alloush(5) | | | | | 272,674 | | | | | | 1.18% | | |
| Joseph Benesch(6) | | | | | 74,287 | | | | | | * | | |
| All executive officers and directors as a group (6 persons) | | | | | 3,473,133 | | | | | | 15.03% | | |
AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION
OF
JOURNEY MEDICAL CORPORATION
General Corporation Law of the State of Delaware)
Chief Executive Officer