Cassandra Hernandez-Monteon
About Cassandra Hernandez-Monteon
Interim Chief Financial Officer, Treasurer, and Secretary of Genasys Inc. since July 1, 2025; joined Genasys in August 2018 and ascended through Finance Manager to Vice President of Finance before appointment to interim CFO. She has over 20 years of financial and operational leadership experience, including 13 years in progressive finance and accounting roles at Teledyne RD Instruments (a subsidiary of Teledyne Technologies). She holds a B.S. in Business Administration (CSU San Marcos) and an MBA with an Accounting specialization (National University) . Company performance context: fiscal 3Q 2025 revenue was $9.9 million with GAAP net loss of $6.5 million ; prior “Pay vs Performance” disclosure shows TSR of $177.11 and net loss of $(31.7) million in FY2024 . As Principal Financial Officer, she signed 10‑Q certifications and 8‑K results filings in August 2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Genasys Inc. | Finance Manager → Vice President of Finance → Interim CFO, Treasurer & Secretary | Aug 2018–present; Interim CFO since Jul 1, 2025 | Oversight of finance and accounting; interim leadership of treasury/secretariat; executed SOX certifications; supported cost reduction program |
| Teledyne RD Instruments (Teledyne) | Finance & Accounting Leadership Roles (progressive) | ~13 years (prior to 2018) | Progressive leadership across finance/accounting at an instrumentation subsidiary of Teledyne |
External Roles
No public company directorships or external board roles disclosed in SEC filings for Hernandez-Monteon .
Fixed Compensation
Not disclosed for Hernandez-Monteon as of November 19, 2025. Her Item 5.02 appointment 8‑K did not include compensatory arrangements; it explicitly notes there are no arrangements or understandings pursuant to which she was selected, and no related-party transactions requiring Item 404(a) disclosure .
Performance Compensation
- Company-wide FY2025 executive incentive plan (approved December 5, 2024) pays bonuses at 50%, 100%, or 200% of target based on achievement of specified performance goals; CFO target bonus set at 50% of base salary in that plan (plan participants at the time were CEO and then‑CFO Dennis Klahn). Performance metrics used include total product bookings, net revenues, operating income, and operating cash flow. Hernandez-Monteon’s specific participation terms post-appointment are not disclosed .
Equity Ownership & Alignment
- Initial Insider Filing: Form 3 filed July 11, 2025, establishing reporting status as an officer .
- Clawback: Company has adopted a compensation recovery (clawback) policy to comply with Nasdaq rules, requiring recovery of erroneously received incentive-based compensation in event of certain accounting restatements .
- Hedging/Pledging: Company states it has not adopted a practice or policy restricting hedging transactions for directors or employees; pledging policy is not discussed in the proxy .
- Insider Certifications: Hernandez-Monteon signed SOX 302 and 906 certifications for the June 30, 2025 10‑Q; she also signed the August 14, 2025 8‑K furnishing quarterly results .
Employment Terms
| Provision | Term | Source |
|---|---|---|
| Appointment | Interim CFO, Treasurer & Secretary effective July 1, 2025 | |
| Arrangements/Familial ties | No arrangements/understandings for selection; no family relationships; no Item 404(a) transactions | |
| Contract terms | Not disclosed for Hernandez-Monteon; (Company maintains a Change in Control Severance Benefit Plan with 24 months’ base salary, target bonus, 24 months’ benefits, and accelerated vesting for participating executives upon qualifying termination around a change in control) | |
| Equity plan change-in-control | If awards are not assumed/continued upon change in control, outstanding awards become fully vested/exercisable/payable; plan prohibits option/SAR repricing without shareholder approval | |
| Certifications | Signed SOX 302 and 906 certifications for Q3 FY2025 10‑Q |
Performance & Track Record
Fiscal 3Q 2025 (quarter ended June 30, 2025) metrics:
| Metric | 3Q 2025 |
|---|---|
| Revenue ($USD) | $9.9 million |
| GAAP Operating Loss ($USD) | $(5.9) million |
| GAAP Net Loss ($USD) | $(6.5) million |
| GAAP Net Loss per Share ($USD) | $(0.14) |
| Adjusted EBITDA ($USD) | $(4.8) million |
| Puerto Rico EWS Revenues ($USD) | $4.3 million |
| Annualized OpEx Reduction (from actions) ($USD) | $2.5 million beginning 1Q 2026 |
Pay vs Performance context (Company disclosure):
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| TSR (Value of fixed $100 investment) | $38.80 | $72.56 | $177.11 |
| Net Income (Loss) ($USD) | $(16,212,000) | $(18,396,000) | $(31,730,000) |
Compensation Committee Analysis (Company-level policies)
- Clawback policy adopted in compliance with Nasdaq rules; awards subject to recovery upon certain restatements .
- 2025 Equity Incentive Plan approved by Board and submitted for shareholder approval; includes RSUs, options, SARs, and other awards; prohibits repricing without shareholder approval .
- Say‑on‑pay approval was 94.3% at 2024 annual meeting, indicating strong shareholder support for executive compensation program .
Investment Implications
- Retention risk: Interim status introduces uncertainty until a permanent CFO appointment is affirmed; no disclosed employment agreement or severance terms for Hernandez-Monteon increases opacity on retention economics . Company’s existing Change in Control Severance Benefit Plan provides competitive protection for participating executives, which, if applicable to the CFO role, would mitigate retention risk around corporate events .
- Compensation alignment: Specific base salary, bonus target, and equity grants for Hernandez-Monteon are not disclosed; thus, pay-for-performance alignment cannot be assessed for her. Company-wide incentive metrics (bookings, net revenues, operating income, operating cash flow) are performance‑linked, and clawback enforcement supports alignment .
- Trading signals and selling pressure: A Form 3 was filed on July 11, 2025; absence of disclosed Form 4 transactions in provided sources limits visibility into near‑term selling pressure. Monitor EDGAR for future filings to detect RSU vests, option exercises, or open‑market trades .
- Governance red flags: Lack of a hedging policy could allow hedging of company stock by insiders; however, there is no evidence of hedging or pledging, and clawback policy is in place . Strong say‑on‑pay support (94.3%) and standard equity plan provisions (no repricing without shareholder approval) suggest mainstream governance practices .
Monitoring priorities: (1) subsequent 8‑Ks for permanent CFO designation/comp arrangement; (2) Form 4s for any insider transactions; (3) FY2026 proxy for NEO inclusion to quantify compensation/ownership; (4) updates on cost‑reduction realization and Puerto Rico project revenue/margin phasing .