How Florness was paid
$4.2M 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 | Bonus | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Daniel L. FlornessChief Executive Officer | $750,000 | — | $861,387 | $2,569,000 | $2,941 | $4,183,328 |
| Max H. TunnicliffSenior Executive Vice President and Chief Financial Officer | $62,708 | $225,000 | — | $178,695 | — | $466,403 |
| Sheryl A. LisowskiExecutive Vice President - Chief Accounting Officer and Treasurer | $404,549 | — | $177,200 | $876,090 | $2,941 | $1,460,780 |
| Jeffery M. WattsPresident and Chief Sales Officer | $535,658 | — | $738,322 | $1,819,823 | — | $3,093,803 |
| Charles S. MillerSenior Executive Vice President - Sales | $450,000 | — | $332,250 | $1,132,546 | $2,941 | $1,917,737 |
| John L. SoderbergSenior Executive Vice President - Information Technology | $400,008 | — | $221,500 | $954,200 | $2,941 | $1,578,649 |
| Holden LewisFormer Senior Executive Vice President and Chief Financial Officer | $129,526 | — | $291,016 | $83,767 | — | $504,309 |
What changed and why
- $4.2MChief executive officer total compensation increased to $4,183,328 in fiscal 2025 from $1,695,887 in fiscal 2024.
- 94%Shareholders approved the 2024 executive compensation program with approximately 94% support at the annual meeting.
- Quarterly cash incentive bonuses are paid based on growth in pre-tax or net income exceeding previous year levels.
- Stock option grants were made to named executive officers with extended five-year vesting schedules.
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.