Directors’ Compensation
The compensation committee is responsible for periodically reviewing non-employee director compensation and benefits and recommends changes, if appropriate, to the Board based upon competitive market practices. For fiscal 2023, our compensation package for non-employee directors consisted of an annual retainer of $200,000. Directors do not receive additional compensation for their service on any board committees.
We do not have a formal policy of reimbursing directors, but we reimburse them for travel, lodging and other reasonable expenses incurred in connection with their attendance at board of directors or committee meetings.
The following table summarizes the information concerning compensation paid or accrued for services rendered to us by members of our Board for fiscal 2023. The table excludes Mr. Pera, who is a named executive officer and therefore did not receive any compensation from us in his role as director in fiscal 2023.
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Name | | | Fees Earned
or Paid in
Cash (1) | | | Stock Awards | | | Total Compensation | |
| Brandon Arrindell | | | $ | 200,000 | | | | $ | — | | | | $ | 200,000 | | |
| Ronald A. Sege | | | 200,000 | | | | — | | | | 200,000 | | |
| Rafael Torres | | | 200,000 | | | | — | | | | 200,000 | | |
(1) This column includes fees earned in fiscal 2023 as well as certain director fees earned in fiscal 2023 but paid in July 2023.
