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tem 11. EXECUTIVE COMPENSATION
The following table summarizes all compensation awarded to, earned by, or paid to our former or current executive officers for the fiscal years ended April 30, 2019 and 2018.
| Name and principal position (1) | | Year | | | Salary
($)(1) | | | Bonus
($)(2) | | | Stock
Awards
($) | | | Option
awards
($) | | | Non-equity
incentive plan compensation
($) | | | Change in pension
value and
nonqualified deferred compensation earnings
($) | | | All other
compensation
($) | | | Total
($) | |
Edward M. Karr
Chief Executive Officer (PEO) | | | 2019 | | | $ | 250,000 | | | $ | - | | | $ | 250,000 | | | $ | 118,613 | | | $ | - | | | $ | - | | | $ | - | | | $ | 623,741 | |
| | | | 2018 | | | | 250,000 | | | | - | | | $ | 484,313 | | | $ | 56,330 | | | | - | | | | - | | | | - | | | | 790,643 | |
| David Rector Chief Operating Officer (COO) | | | 2019 | | | $ | 180,000 | | | $ | - | | | $ | 180,000 | | | $ | 59,306 | | | $ | - | | | $ | - | | | $ | - | | | $ | 422,998 | |
| | | | 2018 | | | | 180,000 | | | | | | | | 348,705 | | | | 28,165 | | | | - | | | | - | | | | - | | | | 556,870 | |
| Ted Sharp(5) Principal Financial and Accounting Officer | | | 2019 | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | 43,867 | | | $ | 43,867 | |
| | | | 2018 | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
David A. Moylan
(Former President) | | | 2019 | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | |
| | | | 2018 | | | | 19,667 | | | | - | | | | 91,095 | | | | - | | | | - | | | | - | | | | 495,112 | (3) | | | 605,874 | |
Anthony M. Lougee
Chief Financial Officer (Former CFO) (6) | | | 2019 | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | |
| | | | 2018 | | | | 60,000 | | | | 14,375 | | | | 28,765 | | | | - | | | | - | | | | - | | | | 224,418 | (4) | | | 327,558 | |
| Robert J. DelAversano (Former Principal Financial and Accounting Officer) (7) | | | 2019 | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | 45,000 | | | $ | 45,000 | |
| | | | 2018 | | | | - | | | | - | | | | - | | | | 12,983 | | | | - | | | | - | | | | - | | | | 12,983 | |
Notes:
(1) All executives have employment agreements with U.S. Gold Corp. A summary follows:
Chief Executive Officer, Mr. Edward Karr. On November 1, 2018, we entered into an updated employment agreement with Mr. Karr. The initial term of the Agreement is for two years ending on April 30, 2020, with automatic renewals for successive one-year terms unless terminated by written notice at least 90 days prior to the expiration of the term. Mr. Karr is to receive a base salary of $250,000 per year, and annual incentive compensation targeted at 100% of base salary.