How Stewart was paid
$2.1M 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 | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Lance K. StewartPresident and Chief Executive Officer | $440,590 | $150,000 | $1,537,000 | — | $2,127,590 |
| Matthew T. MorounChairman of the Board of Directors, Interim President and Chief Executive Officer | — | — | — | $105,000 | $105,000 |
| Joesph A. VitirittoFormer President and Chief Executive Officer | $338,240 | $10,000 | $523,250 | $160,000 | $1,031,490 |
| Daniel C. KleineSenior Vice President of Finance and Treasurer | $221,510 | $75,000 | — | — | $296,510 |
What changed and why
- Lance K. Stewart became President and Chief Executive Officer in August 2025.
- $2.1MCEO total compensation increased to $2,127,590 in fiscal year 2025.
- Discretionary cash bonuses were awarded due to challenging industry conditions.
- No pre-determined annual cash incentive plan was utilized for 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.