How Lampert was paid
$658,000 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 |
|---|---|---|---|---|---|
| Darren LampertChief Executive Officer | $492,887 | $158,000 | — | $7,113 | $658,000 |
| Michael SalamanPresident | $492,604 | $158,000 | — | $7,396 | $658,000 |
| Gregory SandersChief Financial Officer | $406,358 | $114,000 | $123,200 | $10,539 | $654,098 |
What changed and why
- $658KCEO total compensation decreased to $658,000 in fiscal 2025 from $1,092,500 in fiscal 2024.
- Short-term PSUs granted to NEOs in 2025 were forfeited because net sales targets were not achieved.
- NEOs maintained below-market base salaries due to industry downturn and cost reduction initiatives.
- CFO Gregory Sanders was granted 80,000 RSUs under his 2025 employment agreement.
- The company did not make 401(k) matching contributions for plan participants during 2024 and 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.