Jetmek_03052
17 hours ago
Well, since I got a request to post the ACTUAL salary given (and accrued) to DBMM executives, I'll put it up!
2011 10K:
https://www.sec.gov/Archives/edgar/data/1127475/000143774911009512/rtgventures_10k-083111.htm
Top of page 21:
Reggie James Compensation (Accrued Salary)
2010: Not an Employee of the Company
2011: $170,414
Linda Perry Compensation:(Accrued Salary)
2010: $107,917
2011: $150,000
2012 10K:
https://www.sec.gov/Archives/edgar/data/1127475/000112747512000003/rtgform10kupdated121412.htm
Item 11 (no page numbers in document)
Reggie James:
2012: $164,509 (Listed to Fitch Montague McLennan Limited (Sole owner of this is Reggie James)
* a note in the following year 10K states that the 2012 compensation was split - $110,509 was paid to Mr. James, with $54,000 not being paid (retained as "accrued" salary).
Linda Perry:
2012: $150,000 (accrued)
2013 10K:
https://www.sec.gov/Archives/edgar/data/1127475/000112747513000022/rtgventures_10k083113.htm
Item 11 - Executive Compensation
Reggie James:
2013: $175,930*
*Note 3 states that $121,930 was paid to Mr. James through Fitch Montague, with $54,000 not being paid (retained as "accrued" salary).
Linda Perry:
2013: $150,000 (accrued)
2014 10K:
https://www.sec.gov/Archives/edgar/data/1127475/000112747515000008/dbmm10ka1083114edit021115.htm
Reggie James:
2014: $199,367 (paid salary = $145,367, "accrued" salary totaled $54,000)*
*Note 3 states: For the fiscal year ending August 31, 2014, Mr. James earned $199,367 of which $ 102,152 has been paid during fiscal 2014 and $43,214 in September 2014 to Reggie James/Fitch Montague McLennan Limited. Mr. James is the sole shareholder, officer and director of Fitch Montague McLennan Limited. $54,000 remains unpaid.
Linda Perry:
2014: $150,000 (accrued)
2015/2016/2017 10K ("Super" 10K):
https://www.sec.gov/Archives/edgar/data/1127475/000112747518000007/f20171615super10kfinal052918.htm
Reggie James:
2015: $181,912*
* Note 1 states " For the fiscal year ending August 31, 2015, Mr. James earned $181,911 of which $71,714 has been paid to Reggie James/Fitch Montague McLennan Limited. Mr. James is the sole shareholder, officer and director of Fitch Montague McLennan Limited. $54,000 remains unpaid." This is an anomaly, as this leaves $56,197 unaccounted for!
2016: $180,049*
* Note 2 states: "For the fiscal year ending August 31, 2016, Mr. James earned $180,049 of which $101,165 has been paid to Reggie James/Fitch Montague McLennan Limited. Mr. James is the sole shareholder, officer and director of Fitch Montague McLennan Limited. $54,000 remains unpaid." This is an anomaly, as this leaves $24,884 unaccounted for!
2017: $172,436*
* Note 3 states: "For the fiscal year ending August 31, 2017, Mr. James earned $172,436 of which $57,589 has been paid to Reggie James/Fitch Montague McLennan Limited. Mr. James is the sole shareholder, officer and director of Fitch Montague McLennan Limited. $54,000 remains unpaid." This is an anomaly, as this leaves $60,847 unaccounted for!
Linda Perry:
2015: $150,000*
2016: $150,000*
2017: $150,000*
*Note 4 states: "For the fiscal years ended August 31, 2017, 2016 and 2015, Ms. Perry earned $150,000 each year of which $135,834 has been paid, $314,166 remains unpaid." Linda Perry took salary for those years!
2018 10K
https://www.sec.gov/Archives/edgar/data/1127475/000118518518002178/dbmm20180831_10k.htm
Reggie James:
2018: $163,548* (Paid $109,548, $54,000 as "accrued" salary)
*Note 1 states: "For the fiscal year ending August 31, 2018, Mr. James earned $163,548 of which $109,548 has been paid to Reggie James. $54,000 remains unpaid." DBMM screwed up the notes section here - Notes #1 and #2 have the salary figures transposed for the years stated.
Linda Perry:
2018: $150,000 (accrued)*
*Note 3 states: "For the fiscal years ended August 31, 2018, and 2017, Ms. Perry earned $150,000 each year of which $0 has been paid, $300,000 remains unpaid."
2019 10K
https://www.sec.gov/Archives/edgar/data/1127475/000118518519001663/dbmm20190831_10k.htm
Reggie James:
2019: $192,853* ($138,853 paid, $54,000 "accrued" salary)
*Note 1 - "For the fiscal year ending August 31, 2019, Mr. James earned $192,853 of which $138,853 has been paid to Reggie James. $54,000 remains unpaid."
Linda Perry: $150,000 (Accrued)*
* Note 3 - "For the fiscal years ended August 31, 2019, and 2018, Ms. Perry earned $150,000 each year of which $0 has been paid, $300,000 remains unpaid."
2020 10K
https://www.sec.gov/Archives/edgar/data/1127475/000118518520001749/dbmm20200831_10k.htm
Reggie James:
2020: $184,963* (Paid $130,963, $54,000 "accrued")
*Note 1 - "For the fiscal year ending August 31, 2020, Mr. James earned $184,963 of which $130,963 has been paid to Reggie James. $54,000 remains unpaid."
Linda Perry:
2020: $150,000* (accrued)
*Note 3 - "For the fiscal years ended August 31, 2020, and 2019, Ms. Perry earned $150,000 each year of which $0 has been paid, $300,000 remains unpaid."
2021 10K
https://www.sec.gov/Archives/edgar/data/1127475/000118518521001609/dbmm20210831_10k.htm
Reggie James:
2021: $211,178* ($157,178 paid, $54,000 "accrued")
*Note 1 - "For the fiscal year ending August 31, 2021, Mr. James earned 211,178 of which $157,178 has been paid to Reggie James. $54,000 remains unpaid."
Linda Perry:
2021: $150,000* (Accrued)
*Note 3 - "For the fiscal years ended August 31, 2021, and 2020, Ms. Perry earned $150,000 each year of which $0 has been paid, $300,000 remains unpaid."
2022 10K
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001127475/000118518522001360/dbmm20220831_10k.htm
Reggie James:
2022: $208,572* ($154,573 paid, $54,000 "accrued")
*Note 1 - "For the fiscal year ending August 31, 2022, Mr. James earned $ 208,572 of which $154,573 has been paid to Reggie James. $54,000 remains unpaid"
Linda Perry:
2022: $150,000* (accrued)
*Note 3 - "For the fiscal years ended August 31, 2022, and 2021, Ms. Perry earned $150,000 each year of which $0 has been paid, $300,000 remains unpaid."
2023 10K
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001127475/000118518523001264/dbmm20230831_10k.htm
Reggie James:
2023: $192,101* ($150,942 paid, $54,000 "accrued")
*Note 1 - "For the fiscal year ending August 31, 2023, Mr. James earned $ 208,572 of which $150,941 has been paid to Reggie James. $54,000 remains unpaid." There's an anomaly with these figures - a shortage of $3,631 between paid and accrued salary!
Linda Perry:
2023: $150,000* (Accrued)
*Note 3 - "For the fiscal years ended August 31, 2023, and 2022, Ms. Perry earned $150,000 each year of which $0 has been paid, $300,000 remains unpaid."
So - all those FACTUAL FIGURES taken DIRECTLY from published 10K's amounts to the following:
Paid salary to Reggie James (some payments made - AKA Fitch Montague McLennan Limited, solely owned by Reggie):
2011: $170,414
2012: $110,509
2013: $121,930
2014: $102,152
2015: $ 71,714 (anomaly with stated figures - $56,197 unaccounted for in salary note!)
2016: $101,165 (anomaly with stated figures - $24,884 unaccounted for in salary note!)
2017: $ 57,589 (anomaly with stated figures - $60,847 unaccounted for in salary note!)
2018: $109,548
2019: $138,853
2020: $130,963
2021: $157,178
2022: $154,573
2023: $150,942
================
$1,577,530