Tech — Hardware
Lightpath Technologies Executive Compensation (FY25)
LPTH · Orlando, FL · Executive and director compensation, fiscal 2022 to 2025
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Data as of October 12, 2026Latest filing (8-K): December 18, 2025
11 filings cited on this page
Method: intel.velarion.ai/methodology
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103 figures on this page: 95 cited to the filing that reported them, 8 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 — Shmuel Rubin: $478,042 → $692,875 (44.9% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Lightpath Technologies' chief executive and what were they paid?
Shmuel Rubin was paid $692,875 in total compensation as President & Chief Executive Officer for fiscal 2025. Rubin's total was 44.9% higher than the $478,042 reported for fiscal 2024.
What was Lightpath Technologies' say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 97.0% support at the meeting held December 17, 2025.
Which companies are in Lightpath Technologies' peer group?
Companies named in the disclosed peer group include Applied Optoelectronics, Inc., CyberOptics Corporation, EMCORE Corporation, Frequency Electronics, Inc. and GSI Technology, Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Shmuel Rubin President & Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Albert Miranda Chief Financial Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Shmuel Rubin President & CEO | — | — | — | — | — | — | — | — not reconciled |
Albert Miranda Chief Financial Officer | — | — | — | — | — | — | — | — not reconciled |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Shmuel Rubin President & Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Albert Miranda Chief Financial Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Shmuel Rubin President & Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Albert Miranda Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
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.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Albert Miranda | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Shmuel Rubin | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2024 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. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Albert Miranda | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Shmuel Rubin | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
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.
Albert Miranda
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
| Excise tax treatment | ◇ |
Shmuel Rubin
President & Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
| Excise tax treatment | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
M. Scott Faris Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Darcie Peck | ◇ | ◇ | — | — | — | — | ◇ |
S. Eric Creviston | ◇ | ◇ | — | — | — | — | ◇ |
Dr. Joseph Menaker | ◇ | ◇ | — | — | — | — | ◇ |
Kim Crider | ◇ | ◇ | — | — | — | — | ◇ |
Thomas Ellis | ◇ | ◇ | — | — | — | — | ◇ |
Mark Caylor and Shmuel Rubin 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.
| Compensation committee member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2022
- Applied Optoelectronics, Inc. AAOI
- CyberOptics Corporation CYBE
- EMCORE Corporation EMKR
- Frequency Electronics, Inc. FEIM
- GSI Technology, Inc. GSIT
- inTEST Corporation INTT
- Intevac, Inc. IVAC
- Lantronix, Inc. LTRX
- Luna Innovations Incorporated LUNA
- Mesa Laboratories, Inc. MLAB
- nLIGHT, Inc. LASR
- Photon Control, Inc. symbol not shown
- RF Industries, Ltd. RFIL
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | December 17, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | November 20, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | November 17, 2022 | = | ◇ | ◇ | ◇ |
| 2021 | November 11, 2021 | = | ◇ | ◇ | ◇ |
| 2020 | November 12, 2020 | = | ◇ | ◇ | ◇ |
| 2019 | November 14, 2019 | = | ◇ | ◇ | ◇ |
| 2018 | November 15, 2018 | = | ◇ | ◇ | ◇ |
| 2017 | October 26, 2017 | = | ◇ | ◇ | ◇ |
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Sample answer — “What is the CEO’s total compensation?”
- Shmuel Rubin (President & Chief Executive Officer), FY2025 total compensation $692,875 (base salary $405,500) [exec_comp, SEC accession 0001654954-25-012292, filed 2025-10-28]What this page does not include
Everything above is a fact Lightpath Technologies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lightpath Technologies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written 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.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable 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.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
103 figures on this page: 95 cited to the filing that reported them, 8 calculated from figures it prints.
95 cited to the filing
8 calculated from the filing
Documents cited
- 0001654954-25-014117Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001654954-25-012292Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Director Compensation · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
- 0001654954-25-005056Summary Compensation Table
- 0001654954-24-014832
- 0001654954-22-015701Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001654954-22-012961
- 0001654954-21-012201
- 0001654954-20-012691
- 0001654954-19-013085
- 0001654954-18-012915
- 0001387131-17-005219Item 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, “Lightpath Technologies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LPTH (accessed 2026).
Short form: data: Velarion
The Lightpath Technologies brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
11 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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Tech — Hardware rankings
Peers Lightpath Technologies discloses
The companies named in LPTH's own disclosed peer group.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
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}
}