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    Paul R. Gudonis

    President, CEO, and Chairman at Myomo Inc
    Board
    Since July 2012
    Age
    70 years
    Education
    Earned a Bachelor's degree in Electrical Engineering from Northwestern University and an MBA from Harvard University.
    Tenure
    Joined as CEO and director in July 2012, became Chairman in August 2016, and was appointed President in February 2017.

    Also at Myomo Inc

    DAH
    David A. Henry
    Chief Financial Officer
    HKM
    Harry Kovelman, M.D.
    Chief Medical Officer
    MJM
    Micah J. Mitchell
    Chief Commercial Officer

    About

    Bringing over 40 years of experience in technology-based industries, he has established a strong foundation in launching innovative products and services across software, telecommunications, internet services, and robotics.

    His career includes leadership roles at organizations such as FIRST Robotics, Centra Software, Inc., and Genuity, Inc., where he honed his expertise in strategic vision and operational excellence.

    At MYO, his profound impact goes beyond his executive roles. His contributions in driving product development and fostering early-stage ventures are complemented by his active participation in academic and industry advisory boards, reinforcing his commitment to innovation and education.

    $MYO Performance Under Paul R. Gudonis

    Past Roles

    OrganizationRoleDate RangeDetails
    Myomo, Inc.PresidentFebruary 2017 – (prior role)Held the position before consolidating into his current combined role
    Myomo, Inc.Chairman of the Board of DirectorsAugust 2016 – (prior role)Served as Chairman prior to assuming his current consolidated role
    Myomo, Inc.Chief Executive Officer and DirectorJuly 2012 – (prior role)Acted as CEO and Director before later taking on the combined leadership role
    FIRST RoboticsPresidentOctober 2005 – June 2010Led the organization focused on inspiring young science and technology leaders through robotics competitions
    Centra Software, Inc.Chief Executive OfficerAugust 2003 – April 2005Provided software solutions at a technology company
    Genuity, Inc.Chief Executive OfficerJanuary 2000 – March 2003Oversaw operations at a telecommunications and internet services company
    Massachusetts High Tech CouncilChairmanN/AChaired the organization dedicated to advancing the technology sector in Massachusetts

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$300,000 AnnualFixed salary for 2023
    All Other Compensation$15,058 AnnualConsists of 401(k) match contributions

    Performance Compensation

    Data from  FY 2023

    Annual Performance Bonus

    MetricValue/TargetDetails
    Corporate Bonus Weight70% Based on achievement of revenue and operating loss targets (excluding stock-based compensation) equally weighted
    Individual Performance Weight30% Based on subjective individual performance as determined by the Compensation Committee
    Bonus Range0% to 200% Actual bonus payout may vary between 0% to 200% of the target bonus based on performance metrics
    Maximum Bonus Cap170% Maximum potential bonus is capped at 170% of the target bonus
    Maximum Annual Bonus AmountUp to $225,000 Calculated as 75% of the base salary ($300,000)
    Vesting ScheduleNot Applicable As this is a cash bonus, there is no vesting schedule
    Evaluation Period2023 Performance evaluated throughout the year on strategic, sales, operational, and financial goals
    Additional DetailsThresholds not disclosed Specific performance targets for revenue and operating loss were not disclosed in the documents