Michael Mendik
About Michael Mendik
Michael Mendik, age 51, joined NeoVolta as Chief Operating Officer effective January 2025 and transitioned to Chief Product Officer on October 1, 2025 . He holds a PhD in Natural Sciences and a master’s degree in Physics from ETH Zurich, and an MBA from Robert Morris University . Prior experience includes leading GoodWe North America and C.F. Maier Composites; press materials highlight a track record of market share and revenue growth and 14 patents . Company-level TSR/EBITDA metrics tied to his performance are not disclosed; NeoVolta reported FY2025 revenue of $8.4 million, but proxy materials do not connect this to Mendik’s individual compensation outcomes .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| GoodWe | Country Manager / General Manager (North America) | Jun 1, 2021 – Dec 31, 2024 | Achieved significant market share and revenue growth |
| C.F. Maier Composites, Inc. | CEO / General Manager | Mar 1, 2020 – Jun 1, 2021 | Not disclosed |
External Roles
No public company board seats or external directorships for Mendik are disclosed in NEOV filings reviewed .
Fixed Compensation
| Component | FY 2025 | Notes |
|---|---|---|
| Base Salary | $100,000 | Salary paid/accrued for Jan 6, 2025 – Jun 30, 2025 per proxy |
| Contracted Base Salary | $200,000 | Per employment agreement; initial annual salary |
| Target Bonus % | Not disclosed | Agreement includes a $40,000 cash bonus tied to an operational goal (below) |
Performance Compensation
| Incentive Type | Metric | Target/Grant | Actual/Payout | Vesting | Fair Value |
|---|---|---|---|---|---|
| Cash Bonus | Operational goal (specific KPI not disclosed) | $40,000 | Not disclosed | N/A | N/A |
| RSU Award | Time-based RSUs | 150,000 units granted Jan 2025 | N/A | Vests in three annual installments beginning Jan 6, 2025 | $781,500 grant-date fair value |
Notes:
- Proxy “Outstanding Equity Awards” confirms 150,000 unvested RSUs for Mendik at FY-end 2025 .
- Performance metrics/weightings for annual equity post-hire are not specified for Mendik; such details are provided for other executives but not for Mendik in the 2025 proxy .
Equity Ownership & Alignment
| Item | Amount | Detail |
|---|---|---|
| Beneficial Ownership (Oct 17, 2025) | 0 shares | Mendik shows no shares beneficially owned within 60 days per SEC rules |
| Unvested RSUs | 150,000 | Unvested at FY-end 2025; vest over three annual installments starting Jan 6, 2025 |
| Market Value of Unvested RSUs | $495,000 | Based on $3.30 closing price on Jun 30, 2025 |
| Options (Exercisable/Unexercisable) | None disclosed | No option awards in FY-end 2025 table |
| Hedging Policy | Prohibited | Company prohibits hedging/short sales for directors/employees |
| Pledging Policy | Prohibited | Company prohibits pledging for directors/executive officers |
| Ownership Guidelines | Not disclosed | No specific executive ownership guideline for Mendik in proxy |
Employment Terms
| Term | Detail |
|---|---|
| Agreement Date | January 1, 2025 (Employment Agreement) |
| Role | Chief Operating Officer; transitioned to Chief Product Officer Oct 1, 2025 |
| Commencement | Service as COO since January 6, 2025 (proxy designation) |
| Base Salary | $200,000 initial annual salary |
| Cash Bonus | $40,000 upon achievement of an operational goal |
| Equity | 150,000 RSUs, vesting in three annual installments beginning Jan 6, 2025 |
| Term Length | Through Dec 31, 2027; auto‑renewal for successive one‑year terms unless non‑renewed |
| Location | Principal office in Poway, CA; remote work from Colorado permitted |
| Annual Plan Requirement | Must provide a detailed business plan with performance targets by Jun 30, 2025 and annually thereafter for Board approval |
| Severance | Not disclosed for Mendik in available proxy/8‑K excerpts |
| Change‑of‑Control | Not disclosed for Mendik; accelerated vesting terms disclosed for other executives (Ibrahim/Enzendorfer) |
| Clawback | Dodd‑Frank Restatement Recoupment Policy adopted; recovery of erroneously awarded incentive comp after Oct 2, 2023 |
| Section 16(a) Compliance | Form 3 for Michael Mendik filed Jan 15, 2025 (noted in “Delinquent Section 16(a) Reports”) |
Investment Implications
- Pay mix and vesting cadence: Mendik’s package is anchored by 150,000 time-based RSUs vesting over three years, with no disclosed performance PSU framework—this indicates retention-driven, time-based equity rather than pure pay-for-performance; upcoming annual vest tranches can create periodic selling pressure as shares settle .
- Alignment and trading risk: Beneficial ownership at FY-end 2025 is zero, with alignment coming from unvested RSUs; pledging and hedging are prohibited, reducing misalignment risk, but low immediately-vested ownership may modestly increase near-term retention/selling risk as RSUs vest .
- Incentive metrics: A specific $40,000 operational goal cash bonus exists, but broader bonus targets/weightings are not disclosed—limits ability to evaluate pay-for-performance rigor versus revenue/EBITDA/TSR outcomes; the board-required annual plans introduce process discipline but not quantifiable payout linkages in filings .
- Role transition: Moving from COO to Chief Product Officer in Oct 2025 suggests a shift from broad operations to product leadership amidst the Neubau asset acquisition and executive hires; execution risk is tied to integration and product strategy, but no change-of-control or accelerated vesting terms for Mendik are disclosed, limiting windfall risk .
- Governance and clawback: An active compensation committee (independent, chaired by John Hass) and Dodd-Frank-compliant clawback are positives for governance; absence of detailed severance/change-of-control economics for Mendik reduces golden parachute risk but also leaves retention downside less cushioned .
Related disclosures:
- Named Executive Officers for FY2025: CEO Ardes Johnson, CFO Steve Bond, COO Michael Mendik; Mendik’s FY2025 reported compensation: salary $100,000, stock awards $781,500; total $881,500 .
- Outstanding equity at FY-end 2025: Mendik 150,000 unvested RSUs, $495,000 market value at $3.30/share .
- Background/credentials: PhD/MBA, GoodWe leadership, press release cites market growth impact and 14 patents .