Definitive proxy statements

Pay vs Performance Disclosure

v3.25.4
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
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.

 

Year

 

Summary Compensation Table Total for PEO (1)

   

Compensation Actually paid to PEO (2)

   

Average Summary Compensation Table Total for Non-PEO NEOs (3)

   

Average Compensation Actually Paid to Non-PEO NEOs

   

Value of Initial Fixed $100 Investment based on Total Shareholder Return (4)

   

Net Income (In thousands)

 

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  

2023

  $998,006     $1,303,978     $674,704     $736,186     $110     $31,790  

 

                                   

 

(1)

Bruce Young served as the Company's PEO during the fiscal years presented.

(2)

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

   

2023

 

Adjustments

 

PEO

   

Average Non-PEO NEOs

   

PEO

   

Average Non-PEO NEOs

   

PEO

   

Average Non-PEO NEOs

 

SCT Total Compensation

  $ 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  

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.

   
Non-PEO NEO Average Total Compensation Amount $ 1,319,845 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

   

2024

   

2023

 

Adjustments

 

PEO

   

Average Non-PEO NEOs

   

PEO

   

Average Non-PEO NEOs

   

PEO

   

Average Non-PEO NEOs

 

SCT Total Compensation

  $ 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  

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