How Flatt was paid
$2.7M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Stephen F. FlattChief Executive Officer | $577,000 | $505,215 | $300,481 | $1,280,000 | $22,674 | $2,685,370 |
| Brian F. KiddSVP & Chief Financial Officer | $307,000 | $246,395 | $225,672 | $624,000 | $3,981 | $1,407,048 |
| B. Anderson FlattSVP & Chief Information Officer | $270,000 | $219,417 | $226,708 | $556,000 | $19,940 | $1,292,065 |
| Josh A. McCrearySVP, General Counsel & Secretary | $301,000 | $238,383 | $225,361 | $604,000 | $4,271 | $1,373,015 |
| R. Michael UsseryPresident & Chief Operating Officer (Retired) | $521,000 | $446,846 | $250,401 | $1,132,000 | $31,927 | $2,382,174 |
What changed and why
- $2.7MCEO total compensation increased to $2,685,370 in fiscal 2025 from $2,154,574 in fiscal 2024.
- 80%Each executive performance plan is paid 80% in cash and 20% in restricted stock.
- 96%Shareholders approved the previous advisory say-on-pay proposal with over 96% support.
- $3,000Director meeting compensation increased from $3,000 to $5,000 per meeting attended.
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.