As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and by SEC disclosure rules, we are providing the following information about the relationship between executive compensation and certain financial performance of our Company. The following table sets forth information with respect to the alignment between our executive compensation and its financial performance.
| Fiscal Year | Summary Compensation Table Total for PEO(1) | Compensation Actually Paid to PEO(1)(2) | Average Summary Compensation Table Total for Non-PEO Named Executive Officers(1) | Average Compensation Actually Paid to Non-PEO Named Executive Officers(1)(2) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return(3) | Net (Loss) ($000s)(4) |
|---|
| 2025 | $303,136 | $279,629 | $183,383 | $175,904 | $70.00 | $(220.2) |
| 2024 | $267,402 | $288,211 | $158,315 | $136,689 | $75.00 | $(691.8) |
| 2023 | $264,051 | $179,658 | $150,810 | $117,803 | $61.76 | $(323.9) |
| (1) | The PEO was Gregory J. Trudel for all three years shown in the table. The Non-PEO Named Executive Officers for whom average compensation is presented in this table are David Newton and Brian Jackman for 2023, Brian Jackman and Mala Ray for 2024, and Brian Jackman and Jason Johnson for 2025. |
| (2) | The following table summarizes the adjustments required to be made to the amounts reported in the Summary Compensation Table for the applicable year in accordance with Item 402(v) of Regulation S-K in order to determine the amounts shown in the table above as “Compensation Actually Paid”. |
| (3) | Total shareholder return reflects the cumulative total return of our Common Stock for the measurement period March 31, 2021 through March 31 of the year indicated. Each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on March 31, 2021. Encision is a smaller reporting company and is not required to disclose peer group TSR. |
| (4) | Represents the amount of net (loss) reflected in the Company’s audited financial statements for each applicable year. Encision is a smaller reporting company and is not required to disclose the company-selected measure nor the tabular list of their most important financial performance measures. |
| PEO | Average of Non-PEO NEOs |
|---|
| Adjustments | FY 2025 | FY 2024 | FY 2023 | FY 2025 | FY 2024 | FY 2023 |
|---|
| Total Compensation from SCT | $303,136 | $267,402 | $264,051 | $183,383 | $158,315 | $150,810 |
|---|
| (Subtraction): Grant Date Fair Value of Option Awards Granted in Fiscal Year | $(49,383) | $(3,371) | $(3,773) | $(9,470) | (1,652) | $(4,717) |
|---|
| Addition: Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards Granted in Fiscal Year | $19,127 | $7,500 | $4,200 | $3,049 | $1,686 | 5,250 |
|---|
| Addition (Subtraction): Change in Fair Value of Outstanding and Unvested Option Awards Granted in Prior Fiscal Years | $3,008 | $24,239 | $(53,249) | $479 | $(8,563) | $(20,758) |
|---|
| Addition: Fair Value at Vesting of Option Awards Granted in Fiscal Year That Vested During Fiscal Year | — | — | — | — | — | $— |
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| Addition (Subtraction): Change in Fair Value as of Vesting Date of Option Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | $3,741 | $(7,559) | $(31,571) | $(1,537) | $(13,097) | $(13,502) |
|---|
| Compensation Actually Paid | $279,629 | $288,211 | $179,658 | $175,904 | $136,689 | $117,803 |
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