GREYSTONE LOGISTICS, INC.
For the period ended May 31, 2026. Filed Aug 31, 2026.
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FY2026 · Filed Aug 31, 2026
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Item 11. Executive Compensation
The following table sets forth the compensation paid to named executive officers during the fiscal years ended May 31, 2026 and 2025:
Summary Compensation Table
| Name and Principal Position · Fiscal Year Ended May 31, · Salary · Bonus · Option Awards · Nonqualified Deferred Compensation Earnings · All Other Compensation · Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warren F. Kruger, | 2026 | $600,000 | $ | - | $ | - | $ | - | $216,150 | (1) | $816,150 |
| President and Chief Executive Officer, Chief Financial Officer, and Chairman of the Board | 2025 | $369,231 | $254,314 | $ | - | $ | - | $37,500 | $661,045 | ||
| (1): | This includes $25,000 in board fees and $191,250 paid to Warren F. Kruger in addition to his base salary not paid pursuant to a separate consulting or other services arrangement |
Outstanding Equity Awards at Fiscal Year End
None.
Directors’** Compensation**
Greystone compensates members of its Board of Directors at a rate of $12,500 per meeting attended. Due to liquidity constraints, only two board meeting payments were made during fiscal 2026. Thereafter, director compensation was suspended, and no amounts related to meetings attended after the suspension are payable to the directors. The following table sets forth compensation paid, earned or awarded during the fiscal year ended May 31, 2026 to each of our directors, whose compensation is included above in the “2026 Summary Compensation Table.”
| Name · Fees Earned or Paid in Cash · Stock Awards · All Other Compensation · Total | ||||||
|---|---|---|---|---|---|---|
| Larry J. LeBarre | $25,000 | $ | - | $ | - | $25,000 |
| Robert B. Rosene, Jr. | $25,000 | $ | - | $ | - | $25,000 |
| Drew T. Lockard | $25,000 | $ | - | $ | - | $25,000 |
Because the Board of Directors consists of four persons of which three are outside directors, the Board has not considered it necessary to create a compensation committee. All of Greystone’s directors participate in determining compensation for officers with Mr. Kruger abstaining from any discussions concerning his compensation.
Compensation Program as it Relates to Risk
We have reviewed our compensation policies and practices for both executives and non-executives as they relate to risk and have determined that at this time they are not reasonably likely to have a material adverse effect on us.
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