Patricia is the President of the corporation. Patricia owns 72% of the shares of the corporation which is a non-publicly traded (private) corporation. She has owned 72% of the shares since the corporation was formed in 1995. She spent 2,465 hours working for the corporation in 2019. She was paid base wages of $1,483,000 as well as a $94,000 cash bonus in 2019 (the cash bonus was paid to her in 2019, but it related to the financial success of the corporation for 2018). She received no other bonuses or other incentive-based compensation in 2019. For years the corporation had an employment contract in place with Patricia since she was hired back in 1995. It was the same employment contract for many years. However, the contract was completely changed, with material changes, on December 31, 2018.

How many compensations of officers claimed on Form 1125-E?