Marwynn details CEO $120K pay in report fix
Amended 10-K corrects Marwynn’s executive pay disclosure, detailing salaries, director fees, and full use of its 93,000-share equity incentive plan.
Filing Impact
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Form Type
10-K/A
Rhea-AI Filing Summary
Marwynn Holdings, Inc. (MWYN) filed an amendment to its annual report to correct typographical errors in the executive compensation disclosure, without changing any other information. The amendment restates the full executive compensation section and provides updated CEO and officer pay details, director compensation, and equity incentive plan usage.
For the fiscal years ended April 30, 2026 and 2025, CEO Yin Yan received salary of $120,000 each year and no bonuses or equity awards. Former CFO and secretary Zhifen Zhou earned salary of $101,000 in 2025 and no compensation in 2026. Current CFO and secretary Shengnan Xu received no compensation in 2026 but has an annual salary of $36,000 starting May 1, 2026, while COO Tuan Tran earned $63,269 in 2026.
The 2024 Amended and Restated Equity Incentive Plan authorizes up to 93,000 shares for awards, all of which have been granted as <a href="https://bitcomme.com/how-far-could-crm-stock-swing-in-a-year/” title=”How Far Could CRM Stock Swing In A Year?”>stock options to non-employee directors; 62,000 shares were vested as of July 30, 2026. Non-employee directors receive $10,000 per year plus initial options to purchase 31,000 shares each, and were paid an aggregate of $37,500 in director fees for 2026. As of July 29, 2026, there were 20,194,804 shares of common stock outstanding, and the non-affiliate market value was $7,558,490 as of October 31, 2025.
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