Posted: 06/05/2025 03:35 am
Energous Corporation (NASDAQ: WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), continues to attract attention not only for its technological advancements but also for its executive compensation strategies. The company, operating within the Radio & TV Broadcasting & Communications Equipment sector, has undergone notable changes in its executive team and compensation structures over recent years.
In 2024, Mallorie Burak held the position of Chief Executive Officer and Chief Financial Officer at Energous. Her total compensation was $849,551, which comprised a salary of $379,849, a bonus of $334,250, and a stock award valued at $135,452. Notably, Burak's compensation package did not include option awards or incentive plan compensation during this time frame. The focus on a substantial bonus underscores the alignment of executive rewards with company performance and specific achievements within the fiscal year[1].
The year prior, in 2023, former Chief Executive Officer Cesar Johnston received a total compensation of $602,500, including a $400,000 salary and a $186,750 bonus. Johnston's compensation package similarly did not include stock or option awards, suggesting a transitional period for Energous as it adjusted to new leadership and market challenges[2].
Looking back to 2021, Stephen R. Rizzone, the former President and Chief Executive Officer, was awarded a significant total compensation of $4,059,578. Rizzone's package notably included substantial "all other compensation" amounting to $3,650,240 in addition to his salary and incentive plan compensation, which indicates strategic payouts tied to long-term corporate goals or retirement packages[3].
In recent successes, Energous Corporation received the "IoT Connected Retail Innovation of the Year" award in the 2025 IoT Breakthrough Awards, showcasing its prominence in technological innovation within the IoT sphere. This accolade highlights Energous's commitment to advancing technology solutions that cater to the evolving needs of the retail industry[4]. Additionally, the company recently reported its first-quarter results for 2025, continuing its trajectory of transparency and shareholder communication[5].
On the market front, Energous Corporation's stock, at the time of writing, is valued at $0.2804 with a slight decline in percentage change. This reflects broader market conditions and sector-specific challenges, yet the company remains steadfast in its innovative pursuits, exemplified by its award-winning technologies and strategic leadership appointments[6].
Executive compensation remains a critical aspect of Energous's strategy, aimed at incentivizing talent to drive the company's innovative initiatives. Balancing competitive rewards with corporate achievements continues to define its focus on aligning leadership objectives with shareholder interests.
:
1. U.S. Securities and Exchange Commission, "Energous Corporation 2024 Compensation Data," [Link](https://www.sec.gov/Archives/edgar/data/1575793/000110465925041253/0001104659-25-041253-index.htm).
2. U.S. Securities and Exchange Commission, "Energous Corporation 2023 Compensation Data," [Link](https://www.sec.gov/Archives/edgar/data/1575793/000110465924052949/0001104659-24-052949-index.htm).
3. U.S. Securities and Exchange Commission, "Energous Corporation 2021 Compensation Data," [Link](https://www.sec.gov/Archives/edgar/data/1575793/000156459022016836/0001564590-22-016836-index.htm).
4. Business Wire, "Energous Wins ‘IoT Connected Retail Innovation of the Year’ in 2025 IoT Breakthrough Awards Program," [Link](https://www.businesswire.com/news/home/20250108264105/en/Energous-Wins-%E2%80%9CIoT-Connected-Retail-Innovation-of-the-Year%E2%80%9D-in-2025-IoT-Breakthrough-Awards-Program/).
5. GlobeNewswire, "Energous Wireless Power Solutions Reports First Quarter 2025 Results," [Link](https://www.globenewswire.com/news-release/2025/05/13/3080622/0/en/Energous-Wireless-Power-Solutions-Reports-First-Quarter-2025-Results.html).
6. Stock Market Snapshot, Energous Corporation, [Link](https://www.sec.gov/).
