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Iridex Executive Compensation (FY25)

IRIX · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Patrick Mercer
Latest say-on-pay support
=
July 10, 2026
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Data as of October 19, 2026Latest filing (8-K): July 16, 2026
15 filings cited on this page
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160 figures on this page: 149 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Patrick Mercer: $1,106,642 → $901,900 (18.5% lower)
Say-on-pay support: 79.9% → 95.4% (15.5 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Iridex's chief executive and what were they paid?
Total compensation for Patrick Mercer, President, Chief Executive Officer and Chief Operating Officer, came to $901,900 in fiscal 2025. Mercer's total moved 18.5% lower from the $1,106,642 reported for fiscal 2024.
What was Iridex's say-on-pay result?
The say-on-pay proposal drew 95.4% of votes cast for or against in favor at the meeting held July 10, 2026 for fiscal 2025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Bruce
President and Chief Executive Officer
◇—◇◇◇—◇◇
Patrick Mercer
Chief Operating Officer
◇—◇◇◇—◇◇
Fuad Ahmad
Interim Chief Financial Officer
◇——————◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Mercer
Chief Operating Officer
◇——◇◇—◇◇
David Bruce
President and Chief Executive Officer
◇—————◇◇
Fuad Ahmad
Interim Chief Financial Officer
◇——————◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Mercer
President, Chief Executive Officer and Chief Operating Officer
◇—◇—◇—◇◇
Fuad Ahmad
Former Interim Chief Financial Officer
Served on an interim basis
◇——————◇
David Bruce
Former President and Chief Executive Officer
Departed during or after this year
◇———◇—◇◇
Bassem BouHabib
Vice President of International Sales
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Mercer
President, Chief Executive Officer and Chief Operating Officer
◇—◇◇◇—◇◇
Bassem BouHabib
Senior Vice President of International Sales and Business Development
◇—◇◇◇—◇◇
Romeo Dizon
Chief Financial Officer
◇—◇◇◇—◇◇
Fuad Ahmad
Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇——————◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Romeo DizonRSU◇◇——
Option◇—◇6/13/32
Option◇—◇3/25/32
Patrick MercerOption◇—◇9/19/30
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇6/13/32
Bassem BouHabibRSU◇◇——
RSU◇◇——
Option◇—◇9/19/30
Option◇—◇6/13/32
Option◇—◇8/7/25
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Patrick Mercer
President, Chief Executive Officer and Chief Operating Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Shuda
Board chair
◇—◇———◇
Beverly A. Huss
◇—◇———◇
William Moore
◇—◇———◇
Yu-Hao Nick Chen
◇—◇———◇
Kenneth E. Ludlum
◇—————◇
Robert Grove
◇—————◇
Patrick Mercer served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Rsus/Options.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025July 10, 2026=◇◇◇
2024April 14, 2025=◇◇◇
2023June 18, 2024=◇◇◇
2022April 17, 2023=◇◇◇
2021June 15, 2022=◇◇◇
2020June 16, 2021=◇◇◇
2019June 24, 2020=◇◇◇
2018July 23, 2019=◇◇◇
2017June 13, 2018=◇◇◇
2016June 14, 2017=◇◇◇
2015June 15, 2016=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Patrick Mercer (President, Chief Executive Officer and Chief Operating Officer), FY2025 total compensation $901,900 (base salary $384,647) [exec_comp, SEC accession 0002077096-26-000092, filed 2026-04-24]

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What this page does not include

Everything above is a fact Iridex disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
160 figures on this page: 149 cited to the filing that reported them, 11 calculated from figures it prints.
149 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-305344
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0002077096-26-000092
    Director Compensation · Outstanding Equity Awards at 2025 Fiscal Year-End · Summary Compensation Table
  3. 0000950170-25-086292
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0001174947-25-000633
    Summary Compensation Table
  5. 0000950170-24-126507
    Exhibit
  6. 0000950170-24-075755
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  7. 0001174947-24-000612
    Summary Compensation Table
  8. 0000950170-23-028282
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  9. 0001564590-22-023433
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  10. 0001564590-21-033622
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  11. 0001564590-20-030612
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  12. 0001564590-19-026163
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  13. 0001564590-18-015560
    Item 5.07.Sub mission of Matters to a Vote of Security Holders.
  14. 0001564590-17-012607
    Item 5.07.Submission of Matters to a Vote of Security Holders.
  15. 0001564590-16-020726
    Item 5.07. Submission of Matters to a Vote of Security Holders.
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Iridex executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/IRIX (accessed 2026).
Short form: data: Velarion

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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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