| | | | | | 2 | | | |
| | | | | | 7 | | | |
| | | | | | 9 | | | |
| | | | | | 16 | | | |
| | | | | | 21 | | | |
| | | | | | 22 | | | |
| | | | | | 23 | | | |
| | | | | | 24 | | | |
| | | | | | 25 | | | |
| | | | | | 27 | | | |
| | | | | | 27 | | | |
| | | | | | 27 | | |
| |
Proposal 1: Elect Directors
|
| | The nominees for director who receive the most votes (also known as a “plurality” of the votes cast) will be elected. You may specify whether your shares should be voted FOR or WITHHOLD for each nominee for director. Votes that are withheld will not be included in the vote tally for the election of the directors. Brokerage firms do not have authority to vote stockholders’ unvoted shares held by the firms in street name for the election of the directors. As a result, any shares not voted by a stockholder will be treated as a broker non-vote. Such broker non-votes will have no effect on the results of this vote. | |
| |
Proposal 2: Ratify Appointment of Independent Registered Public Accounting Firm
|
| | The affirmative vote of a majority of the shares cast affirmatively or negatively for this proposal is required to ratify the selection of our independent registered public accounting firm. You may specify whether your shares should be voted FOR, AGAINST or ABSTAIN with respect to this proposal. Abstentions will have no effect on the results of this vote. Brokerage firms have authority to vote stockholders’ unvoted shares held by the firms in street name on this proposal. If a broker does not exercise this authority, such broker non-votes will have no effect on the results of this vote. We are not required to obtain the approval of our stockholders to select our independent registered public accounting firm. However, if our stockholders do not ratify the appointment of CohnReznick LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026, our Audit Committee of our board of directors will reconsider its selection. | |
|
Name of Beneficial Owner
|
| |
Amount and
Nature of Beneficial Ownership |
| |
Percent of
Class |
| ||||||
| Named Executive Officers and Directors | | | | | | | | | | | | | |
|
David P. Luci(1)
|
| | | | 139,087 | | | | | | 2.6% | | |
|
Robert G. Shawah(2)
|
| | | | 43,857 | | | | | | * | | |
|
Robert J. DeLuccia(3)
|
| | | | 132,766 | | | | | | 2.5% | | |
|
Joseph C. Scodari(4)
|
| | | | 6,217 | | | | | | * | | |
|
Jack H. Dean(5)
|
| | | | 5,720 | | | | | | * | | |
|
Thomas Harrison(6)
|
| | | | 3,677 | | | | | | * | | |
|
Carl Sailer(7)
|
| | | | 13,761 | | | | | | * | | |
|
James Donohue(8)
|
| | | | 5,523 | | | | | | * | | |
|
All directors and current executive officers as a group (eight (8) persons)
|
| | | | 350,608 | | | | | | 6.5% | | |
|
Name
|
| |
Age
|
| |
Position with the Company
|
|
| David P. Luci | | |
59
|
| | President, Chief Executive Officer and Director | |
| Robert J. DeLuccia | | |
81
|
| | Executive Chairman, Director | |
| Carl V. Sailer | | |
56
|
| | Director | |
| Thomas Harrison | | |
79
|
| | Director | |
| Joseph C. Scodari | | |
73
|
| | Director | |
| Jack H. Dean | | |
84
|
| | Director | |
| James Donohue | | |
57
|
| | Director | |
|
Name and principal position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
awards ($) |
| |
Option
awards ($) |
| |
Non-equity
incentive plan compensation ($) |
| |
Nonqualified
deferred compensation earnings ($) |
| |
All other
compensation ($)(1) |
| |
Total
($) |
| |||||||||||||||||||||||||||
|
David P. Luci(2)(5)
President and Chief Executive Officer |
| | | | 2025 | | | | | | 550,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 154,000 | | | | | | 25,385 | | | | | | 729,385 | | |
| | | | 2024 | | | | | | 537,508 | | | | | | 249,375 | | | | | | — | | | | | | — | | | | | | — | | | | | | 644,500 | | | | | | — | | | | | | 1,431,383 | | | ||
|
Robert J. DeLuccia(3)(5)
Executive Chairman |
| | | | 2025 | | | | | | 550,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 154,000 | | | | | | 67,727 | | | | | | 771,727 | | |
| | | | 2024 | | | | | | 539,172 | | | | | | 254,625 | | | | | | — | | | | | | — | | | | | | — | | | | | | 644,500 | | | | | | 25,133 | | | | | | 1,463,430 | | | ||
|
Robert G. Shawah(4)(5)
Chief Financial Officer |
| | | | 2025 | | | | | | 400,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 89,628 | | | | | | 13,854 | | | | | | 503,482 | | |
| | | | 2024 | | | | | | 395,840 | | | | | | 137,813 | | | | | | — | | | | | | — | | | | | | — | | | | | | 373,810 | | | | | | — | | | | | | 907,463 | | | ||
| | | |
Option Awards
|
| ||||||||||||||||||
|
Name and Principal Position
|
| |
Number of
Securities Underlying Unexercised Options Exercisable (#) |
| |
Number of
Securities Underlying Unexercised Options Unexercisable (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |||||||||
|
David P. Luci
President and Chief Executive Officer(1) |
| | | | 17,500 | | | | | | — | | | | | | 125.20 | | | |
June 2031
|
|
| | | | 25,000 | | | | | | — | | | | | | 123.60 | | | |
July 2031
|
| ||
| | | | 6,139 | | | | | | 361 | | | | | | 68.20 | | | |
Feb 2033
|
| ||
| | | | 7,639 | | | | | | 4,861 | | | | | | 63.00 | | | |
Feb 2034
|
| ||
| | | | 12,500 | | | | | | — | | | | | | 15.96 | | | |
Feb 2035
|
| ||
|
Robert J. DeLuccia
Executive Chairman(2) |
| | | | 17,500 | | | | | | — | | | | | | 125.20 | | | |
June 2031
|
|
| | | | 25,000 | | | | | | — | | | | | | 123.60 | | | |
July 2031
|
| ||
| | | | 6,139 | | | | | | 361 | | | | | | 68.20 | | | |
Feb 2033
|
| ||
| | | | 7,639 | | | | | | 4,861 | | | | | | 63.00 | | | |
Feb 2034
|
| ||
| | | | 12,500 | | | | | | — | | | | | | 15.96 | | | |
Feb 2035
|
| ||
|
Robert G. Shawah
Chief Financial Officer(3) |
| | | | 3,500 | | | | | | — | | | | | | 125.20 | | | |
June 2031
|
|
| | | | 10,000 | | | | | | — | | | | | | 123.60 | | | |
July 2031
|
| ||
| | | | 3,542 | | | | | | 208 | | | | | | 68.20 | | | |
Feb 2033
|
| ||
| | | | 4,431 | | | | | | 2,819 | | | | | | 63.00 | | | |
Feb 2034
|
| ||
| | | | 7,275 | | | | | | — | | | | | | 15.96 | | | |
Feb 2035
|
| ||
|
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($) |
| |
Option
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Nonqualified
Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
|
Carl V. Sailer(1)(6)
|
| | | | 45,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 45,000 | | |
|
Jack H. Dean(2)(6)
|
| | | | 40,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 40,000 | | |
|
Joseph C. Scodari(3)(6)
|
| | | | 57,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 57,500 | | |
|
Thomas Harrison(4)(6)
|
| | | | 52,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 52,500 | | |
|
James Donohue(5)(6)
|
| | | | 55,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 55,000 | | |
| | | |
(a) Number of
securities to be issued Upon exercise of outstanding options, warrants and rights |
| |
(b) Weighted Average
exercise price of outstanding options, warrants and rights |
| |
(c) Number of
Securities remaining available for future issuance under equity compensation plans (excluding Securities reflected in column (a)(2) |
| |||||||||
|
Equity compensation plan approved by security holders(1)(3)
|
| | | | 331,807(1) | | | | | $ | 80.53 | | | | | | 133,872 | | |
|
Equity compensation plan not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
|
Total
|
| | | | 331,807(1) | | | | | $ | 80.53 | | | | | | 133,872 | | |
| | | |
2025
|
| |
2024
|
| ||||||
|
Audit fees:(1)
|
| | | | 185,450 | | | | | | 184,425 | | |
|
Audit related fees:(2)
|
| | | | 58,925 | | | | | | 32,700 | | |
|
Tax fees
|
| | | | — | | | | | | — | | |
|
All Other Fees
|
| | | | — | | | | | | — | | |
|
Total
|
| | | | 244,375 | | | | | | 217,125 | | |