Nortech Systems (NSYS) executive compensation, 2026 proxy

Jay D. Miller, Chief Executive Officer, was paid $525,750 in 2025, up 1% from $520,000 the year before.

Filed
April 1, 2026
Annual meeting
May 13, 2026
Pay year
2025
Named executives
3
CEO total pay
$525,750+1% vs prior year
CEO Target Bonus
60%Percentage of base salary under bonus plan
CFO Target Bonus
45%Percentage of base salary under bonus plan
2025 Net Loss
$252,000Improved from prior year net loss
2024 Net Loss
$1,295,000Impacted by lower net sales and restructuring
2025 Total Shareholder Return
$60.65Based on initial fixed $100 investment
2024 Total Shareholder Return
$84.00Based on initial fixed $100 investment

How Miller was paid

$525,750 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.

Salary100%

Named executive officers

ExecutiveTotal
Jay D. MillerChief Executive Officer$525,750
Andrew D. C. LaFrenceChief Financial Officer and Sr. VP of Finance$324,250
John LindeenSr. VP of Global Operations$282,780

What changed and why

  • $526KChief Executive Officer Jay D. Miller received total compensation of $525,750 for fiscal 2025, representing a slight increase from $520,000 in fiscal 2024.
  • $324KChief Financial Officer Andrew D. C. LaFrence earned total compensation of $324,250 in fiscal 2025 compared to $318,654 in fiscal 2024.
  • $283KSenior Vice President of Global Operations John Lindeen was compensated $282,780 in fiscal 2025 up from $277,040 in fiscal 2024.
  • $252KThe company reported a net loss of $252,000 for fiscal 2025, an improvement from the net loss of $1,295,000 in fiscal 2024.

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.