How Griffin was paid
$488,161 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Walter P. Glazer, Jr.Former President & Chief Executive Officer | $140,635 | — | $191,938 | $100,000 | — | $550,573 |
| Armin BoehmFormer President & Chief Executive Officer | $293,942 | $330,000 | $1,070,357 | — | $1,032,464 | $2,726,763 |
| Patrick J. GriffinInterim President & Chief Executive Officer | $234,044 | — | $82,690 | $162,185 | $9,242 | $488,161 |
| Stephen R. WawrinChief Financial Officer, Vice President Finance and Secretary | $342,881 | — | $89,880 | $245,399 | $16,371 | $694,531 |
What changed and why
- $488KPatrick J. Griffin became Interim President and CEO on October 29, 2025, receiving total compensation of $488,161.
- $551KWalter P. Glazer, Jr. retired as President and CEO on March 31, 2025, with total compensation of $550,573.
- $2.7MArmin Boehm served as CEO from April 1, 2025 until October 29, 2025, earning $2,726,763 including severance benefits.
- $695KStephen R. Wawrin received total compensation of $694,531 as Chief Financial Officer and Secretary.
- Mr. Griffin elected to receive his annual cash incentive bonus payments in stock instead of cash.
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.