How Kelley was paid
$723,450 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 | Other | Total |
|---|---|---|---|---|---|
| Richard J. KelleyPresident and CEO | $385,000 | $263,100 | $75,075 | $10,365 | $723,450 |
| Robert L. CurdaExecutive Vice President, Chief Financial Officer and Secretary | $315,000 | $155,268 | $47,250 | $10,884 | $528,402 |
| Ronald T. BusheySenior Vice President and Chief Technical Officer | $290,548 | $130,320 | $52,500 | $9,423 | $482,791 |
| Robbin B. AdamsSenior Vice President and Chief Technical Officer (former) | $84,167 | — | $718,419 | — | $802,586 |
What changed and why
- $723KCEO Richard J. Kelley received total compensation of $723,450 for fiscal year 2025.
- No bonuses were earned or paid under the short-term incentive plan due to an operating loss.
- $521KThe compensation committee approved a discretionary bonus pool of $521,000 for executives and key employees.
- Former executives Walter R. Wheeler and Robbin B. Adams received separation agreements following their resignations in January 2025.
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.