How Kitch was paid
$5.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Arsen S. KitchPresident and Chief Executive Officer | $1,000,000 | $3,107,277 | $937,500 | $0 | $156,564 | $5,201,341 |
| Sherri J. BakerSenior Vice President, Finance and Chief Financial Officer | $533,000 | $517,549 | $338,200 | $0 | $69,437 | $1,458,186 |
| Steve M. BowdenSenior Vice President, Commercial | $465,000 | $451,527 | $307,800 | $0 | $54,932 | $1,279,259 |
| Kari G. MoyesSenior Vice President | $437,000 | $424,327 | $295,300 | $0 | $56,356 | $1,212,983 |
| Matthew D. PassarelloSenior Vice President, Supply Chain and Corporate Development | $365,165 | $354,411 | $263,100 | $0 | $39,993 | $1,022,669 |
| Michael S. GaddFormer Senior Vice President | $444,646 | $512,697 | $298,100 | $22,146 | $61,692 | $1,339,281 |
What changed and why
- $5.2MArsen S. Kitch received a total compensation of $5,201,341 in 2025, down from $5,972,929 in 2024.
- 25%The company eliminated more than 25% of salaried roles and reduced operational fixed costs by over 10%.
- $50MCost reduction and operational actions resulted in more than $50 million in savings during 2025.
- $102KThe CEO to median employee pay ratio for 2025 was 51 to 1 based on median employee pay of $101,674.
- 6.5%SG&A costs were delivered at 6.5% of net sales, meeting the lower end of the target range.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.