Charles & Colvard Ltd.’s CEO received $307,000 in compensation during the company’s transition period to a new fiscal year, according to a Securities and Exchange Commission filing.

In January, the company changed its fiscal year from beginning on Jan. 1 and ending on Dec. 31 to beginning on July 1 each year and ending on June 30 the following year.

Suzanne Miglucci, president and CEO, received $520,000 in total compensation for 2017. She has already received over half of 2017’s compensation during the transition period.

In December 2015, Miglucci entered into an employment agreement that stated she would receive a signing bonus of $75,000 and an initial annual base salary of $335,000, according to the filing. The rest of her compensation mainly comes from stock awards granted to each named executive officer.

Clint J. Pete, the chief financial officer and treasurer, received $189,000 during the transition period, which is over half of his 2017 compensation of $376,000.

For the second quarter of 2018, the company reported net sales of $6.4 million and a net loss of 3 cents per share. The Morrisville-based jewelry manufacturer recently signed a new agreement with the world’s largest retailer moving from a third-party marketplace relationship to a first-party retail relationship.

Charles & Colvard’s annual meeting will be Thursday, Nov. 8, at 10 a.m. Eastern time, at its offices, located at 170 Southport Drive, Morrisville, North Carolina 27560.

Its stock closed down .011 percent to 90 cents on Wednesday.