NATURAL ALTERNATIVES INTERNATIONAL INC
For the period ended Dec 6, 2024. Filed Oct 23, 2024.
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Dec 6, 2024 · Filed Oct 23, 2024
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Pay Versus Performance Table
The following Pay Versus Performance table sets forth information for the Company's Principal Executive Officer ("PEO"), Mark A. LeDoux for our fiscal years ended June 30, 2024, and 2023, as required by Item 402 of SEC Regulation S-K.
| Year | Summary Compensation table total for PEO ($) | Compensation actually paid to PEO ($)(1) | Average summary compensation table total for non-PEO NEOs ($) | Average compensation actually paid to non-PEO NEOs ($)(1) | Value of initial fixed $100 investment based on Total Shareholder Return ($) | Net income ($ in thousands) |
|---|---|---|---|---|---|---|
| 2024 | 794,006 | 760,413 | 529,211 | 503,019 | (16.39) | (7,217) |
| 2023 | 915,154 | 832,283 | 571,943 | 521,213 | (31.03) | 2,522 |
In our fiscal 2024 and 2023, Mark A. LeDoux was our Principal Executive Officer (“PEO”). In 2024, our remaining Non-PEO Named Executive Officers ("NEOs") were Kenneth E. Wolf President, Chief Operating Officer, and Secretary, Michael E. Fortin, Chief Financial Officer, James Gause, Vice President of Operations, and Shane Conti, Vice President of Global Sales. In 2023, our remaining Non-PEO Named Executive Officers ("NEOs") were Kenneth E. Wolf President, Chief Operating Officer, and Secretary, Michael E. Fortin, Chief Financial Officer, James Gause, Vice President of Global Operations, and Andrea Lester, Vice President of Global Quality.
Our Human Resources Committee believes the PEO's base salary reflects the value of the executive position and attributes the PEO brings to the Company, including tenure, experience, skill level and performance. No specific weights have been assigned to those factors. The Human Resources Committee periodically reviews the salaries of the PEO and NEOs and adjusts them as needed to maintain market positioning and consistency with other similarly situated executive officers and their evolving responsibilities.
Bonus payments when made have not been tied to any financial performance measure and have been and are planned to continue to be discretionary based on the evaluation of each individual's performance, change in responsibilities, their potential to contribute to the success of the Company, and the performance of the Company.
(1) Compensation Actually Paid was calculated beginning with each individual's total compensation reported in the Summary Compensation Table above, and the following amounts were deducted from and added to such amounts:
| PEO | Non-PEO Named Executive Officer Average | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Summary Compensation Table | 794,006 | 915,154 | 529,211 | 571,943 |
| Deduction for amounts reported under the "Stock Awards" column in the Summary Compensation Table for applicable year | (101,150) | (132,900) | (91,156) | (84,170) |
| Increase based on ASC 718 fair value of awards granted during applicable fiscal year that remain unvested as of applicable fiscal year end, determined as of applicable year end | 102,340 | 108,000 | 86,538 | 68,400 |
| Deduction/increase for awards granted during a prior fiscal year that were outstanding and unvested as of applicable fiscal year end, determined based on change in ASC 718 fair value from prior fiscal year end to applicable fiscal year end | (17,700) | (44,278) | (11,209) | (26,862) |
| Deduction/increase for awards granted during a prior fiscal year that vested during applicable fiscal year, determined based on change in ASC 718 fair value from prior fiscal year end to vesting date | (17,083) | (13,693) | (10,365) | (8,098) |
| Deduction for awards granted during a prior fiscal year that were forfeited during the applicable fiscal year, determined based on the ASC 718 fair value from prior fiscal year end | - | - | - | - |
| Compensation Actually Paid | 760,413 | 832,283 | 503,019 | 521,213 |
All information provided above under the "Pay Versus Performance" heading will not be deemed to be incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
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