Mark Archer
LogicMarkAbout Mark Archer
Mark Archer is LogicMark’s Chief Financial Officer, Treasurer and Secretary; he has served as permanent CFO since February 15, 2022 after serving as Interim CFO from July 15, 2021 to February 15, 2022. He is 68 years old and holds a B.S. in Business Administration and an MBA in Finance from the University of Southern California, where he was a Presidential Scholar . During Archer’s tenure, LogicMark reported net losses of $9,003,745 in FY2024, $17,694,271 in FY2023, and $6,924,965 in FY2022, per the Pay Versus Performance disclosure .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Saxco International LLC | Executive Vice President & CFO | 2017–2020 | Private-equity-owned middle-market distributor of glass and rigid packaging to wine/beer/spirits industries |
| Swarm Technology LLC | President & CEO | 2016–2018 | Growth-stage technology company selling product and subscription services based on IoT architecture |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| FLG Partners | Partner | Since 2021 | Silicon Valley CFO and board advisory consultancy; Archer serves as a partner |
Fixed Compensation
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Salary ($) | 530,628 | 572,617 | 537,392 |
| Bonus ($) | — | — | — |
| Stock Awards ($) | 396,944 | 64,240 | — |
| Option Awards ($) | — | — | — |
| Non-Equity Incentive Plan ($) | — | — | — |
| All Other Compensation ($) | 16,952 | 28,979 | 41,688 |
| Total ($) | 944,524 | 665,836 | 579,080 |
Notes:
- Other compensation includes primarily employer-paid health insurance .
Performance Compensation
Equity Awards and Vesting Schedules (Time-Based)
| Grant Date | Type | Shares | Vesting Schedule | Acceleration |
|---|---|---|---|---|
| Various (legacy) | Restricted Stock | 259 | 48 months; 1/4 on anniversary, then 1/16 each quarter, subject to service | |
| Jul 3, 2023 | Restricted Stock (2023 Plan) | 836 | 1/4 vested on Jul 3, 2024; remainder vests 1/16 on first day of each subsequent 3-month period, subject to service | |
| Jan 2, 2025 | Restricted Stock (2023 Plan) | 38,000 | 1/4 vests Jan 2, 2026; remainder vests 1/16 quarterly thereafter, subject to service |
No cash bonus plan metrics or PSU/option performance metrics were disclosed for Archer for FY2022–FY2024; non-equity incentive plan compensation was not reported .
Equity Ownership & Alignment
| Item (as of July 9, 2025 unless noted) | Value |
|---|---|
| Total beneficial ownership (Common) | 132,465 shares; <1% of total voting power |
| Common shares issued (Aug 2024 Offering) | 860 shares |
| Restricted stock outstanding | 259 legacy RS; 836 RS (2023 Plan) starting 7/3/2023; 38,000 RS (2023 Plan) starting 1/2/2025 |
| Warrants | 90,452 shares via Series A/B warrants; weighted exercise price $0.22 (Aug 2024 Offering) |
| Shares pledged as collateral | Not disclosed; company policy prohibits hedging but does not expressly address pledging in the excerpt provided |
| Stock ownership guidelines | Not disclosed in the provided sections |
Archer disclaims beneficial ownership of restricted shares granted to FLG Partners (14 RS, 44 RS, and 2,000 RS with similar time-based vesting schedules) .
Employment Terms
| Term | Provision | Details |
|---|---|---|
| Engagement (Interim CFO) | FLG Agreement | Effective July 15, 2021; $500/hour to FLG Partners; indemnification; indefinite term; terminable by either party with 60 days’ notice |
| Permanent CFO Amendment | Compensation | Effective Feb 15, 2022; $10,000/week to FLG Partners; Archer invoices $2,000/month administrative charges; 6,470 RS to Archer; 341 RS to FLG; initial 1/4 vested on Jul 15, 2022; then 6.25% each three-month period |
| Post-employment, severance, CoC | Provisions | No post-employment compensation, pension, or nonqualified deferred compensation benefits were earned by named executive officers in 2024–2023; no severance or change-in-control terms for Archer disclosed in the provided sections |
| Clawback | Policy | Not disclosed in the provided sections |
| Hedging Policy | Insider Trading Policy | Hedging/monetization transactions prohibited for officers/directors and designated insiders |
| Retirement Plan | 401(k) | Company sponsors a 401(k) with discretionary employer match/profit sharing; immediate vesting of employee deferrals |
Investment Implications
- Pay mix tilts toward fixed salary plus time-based RS, with no disclosed performance-based cash/PSU metrics for FY2022–FY2024; this weakens pay-for-performance alignment and reduces direct linkage to operating KPIs (revenue/EBITDA/TSR) .
- Quarterly vesting cadence across multiple RS awards creates predictable potential supply; monitor Form 4 filings for any sales around vest dates (e.g., post 7/3/2024 and starting 1/2/2026 schedules) to assess insider selling pressure .
- Beneficial ownership is modest (<1%), though warrant exposure (90,452 at $0.22) adds leverage to potential upside; alignment is constrained by relatively small common shareholdings versus total outstanding .
- Employment via FLG Partners (indefinite term; 60-day termination) provides flexibility to the company and limits severance/change-of-control economics for Archer; absence of disclosed severance/CoC terms reduces retention costs but may elevate retention risk in stress scenarios .
- Hedging is prohibited, which supports alignment; no pledging or clawback provisions were disclosed in the provided sections, warranting further diligence in full proxy/plan documents .
Performance context: Company reported net losses in FY2024 ($9.0M), FY2023 ($17.7M), and FY2022 ($6.9M), underscoring execution risk during Archer’s tenure and limiting compensation “compensation actually paid” values for the NEO in recent years .