How Bredow was paid
$1.7M 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 | Incentive | Other | Total |
|---|---|---|---|---|
| Paul C. SavilleExecutive Chairman of the Board | $2,475,000 | $494,875 | $23,300 | $2,993,175 |
| Eugene J. BredowPresident and Chief Executive Officer | $1,437,500 | $287,427 | $23,300 | $1,748,227 |
| Daniel D. MalzahnSenior Vice President, Chief Financial Officer and Treasurer | $763,750 | $152,711 | $23,300 | $939,761 |
| Matthew B. KelpyVice President and Chief Accounting Officer | $408,825 | $81,744 | $23,300 | $513,869 |
What changed and why
- $2.3MCEO total compensation decreased from $2,309,548 in 2024 to $1,748,227 in 2025.
- 100%Annual cash incentive bonus payouts were limited to a maximum of 100% of base salary.
- 95%Shareholders demonstrated strong support with 95% of votes cast in favor of executive compensation.
- The executive compensation program relies entirely on stock options for equity awards to align with shareholders.
- No stock awards were granted to executive officers during fiscal year 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.