Stephen E. Macadam

Salary

$807.33K

Board Justification

The compensation program is designed to attract and retain top quality executives with the qualifications necessary for the long-term financial success of the Company, aligning management’s interests with that of stockholders through equity ownership and promoting the attainment of key goals.

Bonus

$0.00

Board Justification

No bonuses were awarded as the Company did not achieve the threshold targets for Adjusted EBITDA and ROWC during fiscal 2018.

Other

$16.37K

Board Justification

Includes an allowance of $10,000 for auto and club dues, life insurance premiums paid by the Company of $2,230, and $4,044 for an executive physical exam.

Restricted Stock

$777.40K(30.72K RSU)

Board Justification

Performance-based restricted stock units granted on June 8, 2018 that have not yet vested, vest on the third anniversary of the date of grant if the Company achieves trailing twelve month Adjusted EBITDA of at least $150 million as of the end of any fiscal quarter, generally subject to the executive’s continued service with the Company through the vesting date.

Performance Metrics

The performance metrics for fiscal 2018 were based on corporate earnings before interest, tax, depreciation, and amortization targets (Adjusted EBITDA) and return on working capital (ROWC), with the two criteria weighted at 25% Adjusted EBITDA and 75% ROWC.