Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
PAY VERSUS PERFORMANCE
The following table presents certain information regarding compensation paid to the Company's Principal Executive Officer ("PEO") and other Named Executive Officer ("Other NEOs" or "Non-PEO NEOs"), alongside certain measures of financial performance being total shareholder return and Net Income, for the years ended October 31 2025, 2024, and 2023.
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Year
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Summary Compensation Table Total for PEO (1)
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Compensation Actually paid to PEO (2)
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Average Summary Compensation Table Total for Non-PEO NEOs (3)
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Average Compensation Actually Paid to Non-PEO NEOs
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Value of Initial Fixed $100 Investment based on Total Shareholder Return (4)
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Net Income (In thousands)
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2025
|
|
$1,722,587 |
|
|
$1,098,883 |
|
|
$1,319,845 |
|
|
$838,173 |
|
|
$100 |
|
|
$6,373 |
|
|
2024
|
|
$1,649,044 |
|
|
$815,105 |
|
|
$1,167,969 |
|
|
$590,767 |
|
|
$87 |
|
|
$16,207 |
|
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2023
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$998,006 |
|
|
$1,303,978 |
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$674,704 |
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|
$736,186 |
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|
$110 |
|
|
$31,790 |
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(1)
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Bruce Young served as the Company's PEO during the fiscal years presented.
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(2)
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The following table presents the amounts added and deducted from the SCT amount to determine the compensation actually paid to the PEO and Non-PEO NEOs in accordance with SEC regulations:
|
|
|
|
| PEO Total Compensation Amount |
$ 1,722,587
|
$ 1,649,044
|
$ 998,006
|
| PEO Actually Paid Compensation Amount |
$ 1,098,883
|
815,105
|
1,303,978
|
| Adjustment To PEO Compensation, Footnote |
| |
|
2025
|
|
|
2024
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|
|
2023
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Adjustments
|
|
PEO
|
|
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Average Non-PEO NEOs
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|
|
PEO
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|
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Average Non-PEO NEOs
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PEO
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Average Non-PEO NEOs
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SCT Total Compensation
|
|
$ |
1,722,587 |
|
|
$ |
1,319,845 |
|
|
$ |
1,649,044 |
|
|
$ |
1,167,969 |
|
|
$ |
998,006 |
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|
$ |
674,704 |
|
|
Less: Stock awards reported in SCT
|
|
|
(765,374 |
) |
|
|
(583,567 |
) |
|
|
(646,250 |
) |
|
|
(448,661 |
) |
|
|
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|
|
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Increase/deduction for Change in Fair Value from grant date to current year-end of Awards Granted in the current year that were outstanding and unvested as of year-end
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15,439 |
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|
11,772 |
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(262,817 |
) |
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|
(174,877 |
) |
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|
- |
|
|
|
- |
|
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Increase/deduction for Change in Fair Value from prior year-end to current year-end of Awards Granted prior to year-end that were outstanding and unvested as of year-end
|
|
|
60,777 |
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|
43,394 |
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- |
|
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- |
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170,423 |
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|
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(21,824 |
) |
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Increase/deduction for Change in Fair Value from prior year-end to Vesting Date of Awards Granted prior to year-end that vested during year
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65,454 |
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46,729 |
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75,128 |
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46,336 |
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135,548 |
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83,305 |
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Total Adjustments
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|
$ |
1,098,883 |
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|
$ |
838,173 |
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|
$ |
815,105 |
|
|
$ |
590,767 |
|
|
$ |
1,303,978 |
|
|
$ |
736,186 |
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| (3) |
Iain Humphries served as the only other Non-PEO NEO during the fiscal years presented.
|
| (4) |
Represents the cumulative shareholder return of a fixed investment of $100 made at the closing price of the Company’s Common Stock at October 31, 2022 for the measurement period beginning on such date and continuing through and including the end of the applicable fiscal year reflected in the table.
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| Non-PEO NEO Average Total Compensation Amount |
$ 1,319,845
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1,167,969
|
674,704
|
| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 838,173
|
590,767
|
736,186
|
| Adjustment to Non-PEO NEO Compensation Footnote |
| |
|
2025
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2024
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2023
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Adjustments
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|
PEO
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Average Non-PEO NEOs
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|
PEO
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Average Non-PEO NEOs
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PEO
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Average Non-PEO NEOs
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SCT Total Compensation
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|
$ |
1,722,587 |
|
|
$ |
1,319,845 |
|
|
$ |
1,649,044 |
|
|
$ |
1,167,969 |
|
|
$ |
998,006 |
|
|
$ |
674,704 |
|
|
Less: Stock awards reported in SCT
|
|
|
(765,374 |
) |
|
|
(583,567 |
) |
|
|
(646,250 |
) |
|
|
(448,661 |
) |
|
|
|
|
|
|
|
|
|
Increase/deduction for Change in Fair Value from grant date to current year-end of Awards Granted in the current year that were outstanding and unvested as of year-end
|
|
|
15,439 |
|
|
|
11,772 |
|
|
|
(262,817 |
) |
|
|
(174,877 |
) |
|
|
- |
|
|
|
- |
|
|
Increase/deduction for Change in Fair Value from prior year-end to current year-end of Awards Granted prior to year-end that were outstanding and unvested as of year-end
|
|
|
60,777 |
|
|
|
43,394 |
|
|
|
- |
|
|
|
- |
|
|
|
170,423 |
|
|
|
(21,824 |
) |
|
Increase/deduction for Change in Fair Value from prior year-end to Vesting Date of Awards Granted prior to year-end that vested during year
|
|
|
65,454 |
|
|
|
46,729 |
|
|
|
75,128 |
|
|
|
46,336 |
|
|
|
135,548 |
|
|
|
83,305 |
|
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Total Adjustments
|
|
$ |
1,098,883 |
|
|
$ |
838,173 |
|
|
$ |
815,105 |
|
|
$ |
590,767 |
|
|
$ |
1,303,978 |
|
|
$ |
736,186 |
|
| (3) |
Iain Humphries served as the only other Non-PEO NEO during the fiscal years presented.
|
| (4) |
Represents the cumulative shareholder return of a fixed investment of $100 made at the closing price of the Company’s Common Stock at October 31, 2022 for the measurement period beginning on such date and continuing through and including the end of the applicable fiscal year reflected in the table.
|
|
|
|
| Total Shareholder Return Amount |
$ 100
|
87
|
110
|
| Net Income (Loss) |
$ 6,373,000
|
16,207,000
|
31,790,000
|
| PEO Name |
Bruce Young
|
|
|
| PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
$ (765,374)
|
(646,250)
|
|
| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
15,439
|
(262,817)
|
0
|
| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
60,777
|
0
|
170,423
|
| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
65,454
|
75,128
|
135,548
|
| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(583,567)
|
(448,661)
|
|
| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
11,772
|
(174,877)
|
0
|
| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
43,394
|
0
|
(21,824)
|
| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
$ 46,729
|
$ 46,336
|
$ 83,305
|