How III was paid
$6.4M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Fred J. (Jule) Smith, IIIPresident and Chief Executive Officer | $837,308 | $1,769,665 | $2,870,328 | $875,000 | $57,828 | $6,410,129 |
| Gregory A. HoffmanSenior Vice President and Chief Financial Officer | $486,539 | $850,695 | $2,109,648 | $375,000 | $34,873 | $3,856,755 |
| Robert G. BaugnonSenior Vice President - Personnel and Administration | $362,885 | $348,575 | $779,160 | $187,500 | $63,890 | $1,742,010 |
| J. Ryan BrooksSenior Vice President and General Counsel | $365,577 | $518,631 | $1,526,160 | $187,500 | $32,227 | $2,630,095 |
| N. Nelson Fleming, IVSenior Vice President - Strategy and Business Development | $361,539 | $828,575 | $1,974,360 | $187,500 | $46,419 | $3,398,393 |
| John L. HarperSenior Vice President - Strategic Initiatives | $510,000 | $342,594 | $595,482 | $386,250 | $63,529 | $1,897,855 |
| M. Brett ArmstrongRegional President - Central Region | $516,250 | $219,865 | $650,043 | $354,375 | $28,664 | $1,769,197 |
What changed and why
- $6.4MCEO total compensation increased to $6,410,129 in fiscal 2025 from $3,096,521 in fiscal 2024.
- One-half of each NEO's annual cash incentive payment was determined by consolidated Adjusted EBITDA performance.
- The ratio of CEO to median employee pay was 130.8 to 1 for fiscal 2025.
- Long-term equity incentives included performance stock units tied to revenue growth rate and average Adjusted EBITDA margin.
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.