Cyngn approves $1.64M CEO bonus, changes director comp to all-cash $250k annually

Cyngn Inc.

Independent directors to receive $250,000 annual cash compensation ($62,500 quarterly), replacing prior cash+equity program.
Directors Macleod and McDonnell get one-time $200,000 cash payments in lieu of FY2025 equity grants.
CEO Lior Tal awarded FY2025 cash bonus of $1.64M ($640k regular + $1M special).
All-cash director comp to remain until Board deems equity practicable.

item 5.02

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