How Toler was paid
$410,875 in total for fiscal 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 | Other | Total |
|---|---|---|---|---|---|
| William TolerChairman of the Board and Chief Executive Officer | $69,182 | $112,813 | $203,000 | $25,880 | $410,875 |
| B. John LindemanFormer Chief Executive Officer | $514,135 | $66,000 | $145,000 | $37,265 | $762,400 |
| Mark ParkerPresident | $370,000 | $39,600 | $58,000 | $37,265 | $504,865 |
| Kevin O'BrienChief Financial Officer | $350,000 | $36,300 | $58,000 | $32,803 | $477,103 |
What changed and why
- 29%Net sales declined 29% compared to 2024 as industry pressure continued.
- $232MImpairment charges of $232 million were recorded for finite-lived intangible assets and property, plant, and equipment.
- William Toler reassumed the role of Chief Executive Officer effective December 1, 2025.
- Base salaries were not increased in fiscal 2025 outside of changes in roles and responsibilities.
- Retention awards were granted to certain named executive officers in fiscal 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.