EVI INDUSTRIES INC
For the period ended Dec 12, 2024. Filed Nov 20, 2024.
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Dec 12, 2024 · Filed Nov 20, 2024
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Pay Versus Performance Table
The following table sets forth information concerning the compensation of the Named Executive Officers for each of the fiscal years ended June 30, 2024, 2023 and 2022, and the financial performance of the Company for each such fiscal year.
| Pay Versus Performance | ||||||
|---|---|---|---|---|---|---|
| Year (a) | Summary Compensation Table Total for CEO (b)(1) | Compensation Actually Paid to CEO (c)(2) | Average Summary Compensation Table Total for Non-CEO NEOs (d)(1) | Average Compensation Actually Paid to Non-CEO NEOs (e)(2) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return (“TSR”) (f)(3) | Net Income (g) |
| 2024 | $5,914,510 | $(2,395,367) | $905,138 | $258,079 | $66 | $5,646,000 |
| 2023 | $4,499,609 | $13,177,071 | $1,002,759 | $1,298,489 | $76 | $9,719,000 |
| 2022 | $5,657,678 | $(16,551,261) | $526,06 | $(529,562) | $34 | $4,095,000 |
| (1) | The Company’s CEO for 2024, 2023 and 2022 is Henry M. Nahmad, and its Non-CEO NEOs for whom the average compensation is presented in this table for 2024, 2023 and 2022 are Tom Marks and Robert H. Lazar. |
| (2) | Compensation actually paid to the Company’s NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows: |
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Adjustments | CEO | Average Non- CEO NEOs | CEO | Average Non- CEO NEOs | CEO | Average Non- CEO NEOs |
| Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table for applicable fiscal year | $(4,500,009) | $(375,015) | $(3,299,609) | $(494,934) | $(4,499,986) | $(127,500) |
| Increase (deduction) in fair value of awards granted during applicable fiscal year that remained unvested as of applicable fiscal year end, determined as of applicable fiscal year end | $(1,346,669) | $(113,418) | $1,153,851 | $173,075 | $(3,258,139) | $(76,036) |
| Increase (deduction) for awards granted during prior fiscal year that were outstanding and unvested as of applicable fiscal year end, determined based on change in fair value from prior fiscal year end to applicable fiscal year end | $(3,037,976) | $(210,661) | $10,634,543 | $615,134 | $(14,363,979) | $(853,055) |
| Increase (deduction) for awards granted during prior fiscal year that vested during applicable fiscal year, determined based on change in fair value from prior fiscal year end to vesting date | $246,595 | $38,937 | $188,677 | $2,455 | $(86,835) | $968 |
| Dollar value of any dividends (or dividend equivalents) or other earnings paid on unvested awards during the fiscal year that are not otherwise reflected in the fair value of the award or in any other component of total compensation | $328,183 | $23,098 | - | - | - | - |
| Total Adjustments | $(8,309,877) | $(637,059) | $8,677,462 | $295,731 | $(22,208,939) | $(1,055,623) |
| (3) | Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. The Company did not pay any dividends during the |
fiscal year ended June 30, 2023 or 2022. During October 2023, the Company paid a special cash dividend on its common stock of $0.28 per share.
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