How Smith was paid
$14.1M 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 | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|---|
| Gregory S. SmithPresident and Chief Executive Officer | $959,457 | — | $10,186,513 | $1,033,335 | $1,914,283 | — | $14,000 | $14,107,588 |
| Sanjay MehtaVice President, Chief Financial Officer & Treasurer | $626,584 | — | $3,351,897 | $340,010 | $1,014,528 | — | $48,038 | $5,381,057 |
| Michelle TurnerVice President, Chief Financial Officer & Treasurer | $118,154 | $200,000 | $7,938,546 | $680,016 | $169,088 | — | $210,481 | $9,316,285 |
| Ryan DriscollVice President, General Counsel and Secretary | $457,456 | — | $1,183,168 | $120,019 | $637,474 | — | $14,000 | $2,412,116 |
| Shannon PoulinPresident, Semiconductor Test | $526,571 | $1,000,000 | $3,090,903 | $350,009 | $814,295 | — | $261,321 | $6,043,100 |
| Regan MillsPresident, Product Test | $305,953 | — | $550,072 | — | $422,979 | $2,119 | $22,391 | $1,303,514 |
What changed and why
- $14.1MCEO total compensation was $14,107,588 in fiscal 2025 compared to $11,760,656 in fiscal 2024.
- 136%Variable cash compensation payouts reached 136% of target due to strong performance against company-wide financial metrics and vital goals.
- Michelle Turner was appointed Vice President, Chief Financial Officer, and Treasurer effective November 3, 2025.
- Shannon Poulin joined the company as President, Semiconductor Test effective April 9, 2025.
- Regan Mills was promoted to President, Product Test effective March 24, 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.