{"url_path":"/sec/snrg/10-k/2026/item-11","section_key":"item-11","section_title":"Item 11 *****Executive Compensation.***","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-14","source_url":"https://www.sec.gov/Archives/edgar/data/1652539/0001062993-26-003641-index.html","accession_number":"0001062993-26-003641","cik":"0001652539","ticker":"SNRG","issuer_name":"SusGlobal Energy Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1652539/0001062993-26-003641-index.html","primary_entity_key":"0001652539","primary_entity_name":"SusGlobal Energy Corp."},"word_count":644,"has_tables":true,"body_markdown":"**Item 11.*****Executive Compensation.***\n\n**Summary Compensation Table**\n\nThe following table sets forth certain summary information with respect to the compensation paid to the Company's Chief Executive Officer and President (Marc Hazout) and Chief Financial Officer (Ike Makrimichalos) for services rendered in all capacities to the Company for the fiscal years ended December 31, 2025 and 2024. Messrs. Hazout and Makrimichalos constituted our named executive officers for each of 2025 and 2024:\n\n**Summary Compensation Table**\n\nName and\n\nprincipal\n\nposition\n\nYear\n\nSalary\n\n($)\n\nBonus\n\n($)\n\nStock\n\nawards\n\n($)\n\nOption\n\nawards\n\n($)\n\nNon-equity\n\nincentive\n\nplan\n\nCompensation\n\n($)\n\nNonqualified\n\ndeferred\n\ncompensation\n\nearnings\n\n($)\n\nAll other\n\ncompensation\n\n($)\n\nTotal\n\n($)\n\n(a)\n(b)\n(c)\n(d)\n(e)\n(f)\n(g)\n(h)\n(i)\n(j)\n\nMarc Hazout\nChairman,\nPresident and\nChief Executive Officer\n2025\n429,420 (C$600,000)\n-\n-\n-\n-\n-\n-\n429,420\n(C$600,000)\n\n2024\n438,120 (C$600,000)\n-\n-\n-\n-\n-\n-\n438,120\n(C$600,000)\n\n \n \n \n \n \n \n \n \n \n \n\nIke\nMakrimichalos,\nChief Financial\nOfficer\n2025\n107,355 (C$150,000)\n-\n-\n-\n-\n-\n-\n107,355\n(C$150,000)\n\n2024\n109,530 (C$150,000)\n-\n-\n-\n-\n-\n-\n109,530\n(C$150,000)\n\n \n \n \n \n \n \n \n \n \n \n\n \n \n \n \n \n \n \n \n \n \n\n \n\n75\n\n**(e) Stock Awards**\n\nThe grant date fair values of the stock awards were computed in accordance ASC Topic 718, Compensation-Stock Compensation.\n\n**Consulting and Management Agreements**\n\nThe Company entered into an Executive Chairman Consulting Agreement (the \"CEO's Consulting Agreement\"), by and among the Company, Travellers International Inc. (\"Travellers\"), and the CEO, who is also a director, the Executive Chairman and President of the Company, effective January 1, 2023 (the \"Effective Date\"). The CEO's Consulting Agreement replaced the consulting agreement which expired on December 31, 2022.\n\nPursuant to the terms of the CEO's Consulting Agreement, for his services as the CEO, the compensation was at a rate of $29,640 (C$40,000) per month for twelve (12) months, beginning on the Effective Date, January 1, 2023, and was at a rate of $36,510 (C$50,000) per month for twelve (12) months, beginning January 1, 2024. In addition, the Company granted the CEO 3,000,000 restricted shares of the Company's Common Stock, par value of $0.0001 per share (the \"Common Stock\") on the Effective Date. These restricted shares were issued on January 3, 2023. The Company has also agreed to reimburse the CEO for certain out-of-pocket expenses incurred by the CEO.\n\nThe CEO's Consulting Agreement is for a term of twenty-four (24) months. Upon a Constructive Discharge (as defined in the CEO's Consulting Agreement) and subject to certain notification requirements and the Company's opportunity to cure the Constructive Discharge, the CEO will be entitled to a compensation of twelve (12) months' fees, as well as any bonus compensation owing.\n\nSince the expiry of his consulting services agreement, the CEO continues to offer his services on a month-to-month basis at a rate of $35,785 (C$50,000) per month.\n\nThe Company entered into an Executive Consulting Agreement (the \"CFO Consulting Agreement\"), by and between the Company and the CFO of the Company, effective January 1, 2023. Pursuant to the terms of the CFO Consulting Agreement, the CFO was entitled to fees of $9,263 (C$12,500) per month for his services. In addition, the Company granted the CFO 100,000 restricted shares of the Company's Common Stock, par value of $0.0001 per share on the Effective Date. The Company has also agreed to reimburse the CFO for certain out-of-pocket expenses incurred by the CFO. The CFO's Consulting Agreement replaced the consulting agreement which expired on December 31, 2022.\n\n76\n\nThe CFO's Consulting Agreement was for a term of twelve (12) months. Upon a Constructive Discharge (as defined in the CFO's Consulting Agreement) and subject to certain notification requirements and the Company's opportunity to cure the Constructive Discharge, the CFO will be entitled to a compensation of two (2) months' fees, as well as any bonus compensation owing.\n\nSince the expiry of his contract, the CFO continues to offer his services to the Company on a month-to-month basis at the rate of $8,946 (C$12,500) per month."}