Gregory Omi
About Gregory Omi
Gregory Omi (age 63) is Chief Technology Officer at Iveda, serving since May 2021 following prior service as a director (October 2009–November 2016) . He is an industry veteran in game and systems engineering, with roles at Zynga (senior programmer; later architect), Tesla (senior engineer), Naughty Dog, Flektor, Epyx, Atari, 3DO, TekMagic, Nexa, and HES; he studied industrial electronics engineering at DeVry Institute (1979–1980) . Company performance context: 2024 revenue was $6.0 million (vs. $6.5 million in 2023) with a $4.0 million net loss; Iveda’s stock saw 2024 high/low bids of $8.05/$0.57, underscoring volatility and execution risk backdrop for compensation alignment .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Zynga | Senior Programmer; later Architect | Nov 2009–Mar 2014; architect in 2016 & 2019 | Scaled online/mobile social gaming; real-time systems experience |
| Tesla | Senior Engineer | Oct 2016–Oct 2017 | Exposure to high-reliability engineering at an EV leader |
| Naughty Dog | Senior Programmer | Oct 1996–Jun 2006 | AAA game development and performance optimization |
| Flektor, Inc. | Senior Programmer | Oct 2006–Jan 2009 | Online audio/video editing tools; cloud media processing |
| Monkey Gods, LLC | Programmer | Jan 2009–Nov 2009 | Game development start-up environment |
| 3DO | Programming roles | 1992–1996 | Console/game systems engineering |
| Epyx | Programming roles | 1986–1992 | Game systems/programming |
| Atari | Programming role | 1991 | Game/system programming |
| Nexa | Programming roles | 1982–1983; 1985–1986 | Early software development foundation |
| HES | Programming role | 1983 | Early software development foundation |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Iveda Solutions | Director | Oct 2009–Nov 2016 | Board oversight during early company evolution |
No current public company directorships disclosed in SEC filings reviewed .
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Base salary ($) | Not disclosed for Omi in NEO table | Not disclosed for Omi in NEO table |
| Target bonus (%) | Not disclosed | Not disclosed |
| Actual bonus paid ($) | Not disclosed | Not disclosed |
| Option/Warrant awards (fair value, $) | $2,130 | $0 |
Company states executive compensation emphasizes performance-based pay and acknowledges base salaries are below market .
Performance Compensation
Outstanding equity awards (stock options) and vesting details (as of 12/31/2024):
| Grant Date | Type | Number of Options (#) | Exercise Price ($) | Expiration | Vesting |
|---|---|---|---|---|---|
| 02/25/2015 | Stock option | 313 | 49.28 | 02/25/2025 | Fully vested on grant |
| 12/11/2015 | Stock option | 782 | 46.08 | 12/11/2025 | Fully vested on grant |
| 01/05/2016 | Stock option | 313 | 41.60 | 01/05/2026 | Fully vested on grant |
| 12/29/2016 | Stock option | 313 | 16.64 | 12/29/2026 | Fully vested on grant |
| 05/10/2021 | Stock option | 2,344 | 48.00 | 05/10/2031 | Fully vested on grant |
| 12/30/2021 | Stock option | 1,563 | 129.92 | 12/30/2031 | Fully vested on grant |
| 10/03/2022 | Stock option | 625 | 6.00 | 10/03/2032 | Fully vested on grant |
| 12/01/2022 | Stock option | 782 | 4.32 | 12/01/2032 | Fully vested on grant |
| 11/03/2023 | Stock option | 782 | 5.44 | 11/03/2033 | Fully vested on 12/31/2023 |
Options in multiple tranches vested immediately on grant; 2023 grant vested year-end 2023 .
Equity Ownership & Alignment
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Common shares beneficially owned (#) | 181,732 | 22,722 | 21,627 |
| % of shares outstanding | 1.1% | 1.0% | 0.4% |
| Options exercisable within 60 days (#) | 68,750 | 8,599 | 7,817 |
| Shares pledged as collateral | No pledging disclosed | No pledging disclosed | No pledging disclosed |
Share count and percentages reflect corporate actions (e.g., September 2024 reverse split and capital changes), explaining sharp year-over-year changes .
Employment Terms
| Term | Disclosure |
|---|---|
| Employment start date (CTO) | May 2021 |
| Contract term/expiration | Company discloses no employment agreements with executive officers |
| Severance (salary+bonus multiples) | Not disclosed in proxies |
| Change-of-control provisions | Not disclosed in proxies |
| Vesting acceleration on change-of-control | Not disclosed |
| Clawback provisions | Code of conduct referenced; no specific clawback disclosure located |
| Non-compete / non-solicit / garden leave | Not disclosed |
| Stock ownership guidelines | Not disclosed |
| Compliance with ownership guidelines | Not disclosed |
Investment Implications
- Compensation structure vs performance: Omi’s comp is primarily options with immediate vesting across legacy and recent grants; no cash salary/bonus disclosed in NEO tables for 2023–2024, consistent with Iveda’s emphasis on performance-based equity and below-market cash pay . This supports cash preservation but limits pay-for-performance tethering unless equity appreciates.
- Vesting and insider selling pressure: Most options are fully vested; strike prices span ~$4.32–$129.92 with expirations through 2033, creating heterogeneous incentive convexity across price regimes; near-term selling pressure depends on market levels, but many tranches would only be valuable at higher share prices .
- Alignment and retention: Beneficial ownership is modest (0.4% in 2025) and fell with share structure changes; absence of employment agreements or disclosed severance/change-of-control terms increases retention and transition risk amid a going concern environment and internal control weaknesses .
- Execution risk backdrop: 2024 revenue declined 7% YoY with continued net losses; stock experienced significant volatility; these conditions heighten the importance of CTO execution on AI/IoT roadmaps and may influence future equity award design and retention strategies .