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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
The following sets forth the tabular pay versus performance disclosure according to SEC regulations.
Year
Summary
Compensation
Table Total for
PEO
($)
Compensation
Actually Paid
to PEO
($)(2)
Average
Summary
Compensation
Table Total for
non-PEO
Named
Executive
Officers
($)
Average
Compensation
Actually Paid
to non-PEO
Named
Executive
Officers
($)(3)
Value of
Initial Fixed
$100
Investment
Based On:
Net
Income
Adjusted
EBITDA
Total
Shareholder
Return
(a)(1)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
2023
$2,946,845
$2,942,884
$890,685
$816,164
$200.52
$6,154
$37,677
2022
$4,156,627
$148,136
$1,212,730
$577,984
$188.84
$19,726
$43,256
2021
$5,219,770
$12,254,225
$1,194,095
$2,216,059
$305.19
$15,529
$38,812
2020
$3,252,399
$4,435,627
$1,031,865
$1,367,454
$129.64
$2,755
$28,340
(1)
For 2023, Michael Connors was our PEO and Humberto Alfonso, Michael Sherrick, Todd Lavieri and Thomas Kucinski were our Non-PEO Named Executive Officers. For 2022, Michael Connors was our PEO and Humberto Alfonso, Todd Lavieri and Thomas Kucinski were our Non-PEO Named Executive Officers. For 2021, Michael Connors was our PEO and Humberto Alfonso, David Berger, Todd Lavieri and Thomas Kucinski were our Non-PEO Named Executive Officers. For 2020, Michael Connors was our PEO and David Berger, Todd Lavieri and Thomas Kucinski were our Non-PEO Named Executive Officers
(2)
For Mr. Connors, the following amounts were added and deducted to the Summary Compensation Table (SCT) amount to determine the ‘compensation actually paid’ as determined in accordance with SEC regulations.
Year
SCT Total
Stock Awards
Granted during
Year and
included in
SCT
Year-End Fair
Value of Stock
Awards
Granted during
Year and
Remain
Unvested
Change in
Fair Value
of Equity
Awards
Unvested at
Prior Year
End and at
Year End
Change in
Fair Value
of Equity
Awards
Unvested at
Prior Year
End that
Vested
during Year
Forfeitures
Total
2023
$2,946,845
($1,021,146)
$2,021,143
$78,375
$39,619
($1,121,952)
$2,942,884
2022
$4,156,627
($1,381,491)
$1,311,466
($2,463,435)
($1,475,031)
$148,136
2021
$5,219,770
($2,352,372)
$2,519,548
$3,322,770
$3,544,509
$12,254,225
2020
$3,252,399
($1,070,732)
$2,079,999
$382,006
$194,903
($402,948)
$4,435,627
(3)
For Messrs. Alfonso, Berger, Sherrick, Lavieri and Kucinski, the following amounts were added and deducted to the Summary Compensation Table (SCT) amount to determine the ‘‘average compensation actually paid’’ as determined in accordance with SEC regulations.
Year
SCT Total
Stock Awards
Granted during
Year and
included in
SCT
Year-End Fair
Value of Stock
Awards
Granted during
Year and
Remain
Unvested
Change in
Fair Value
of Equity
Awards
Unvested at
Prior Year
End and at
Year End
Change in
Fair Value
of Equity
Awards
Unvested at
Prior Year
End that
Vested
during Year
Forfeitures
Total
2023
$890,685
($404,003)
$531,793
$4,577
$4,768
($211,656)
$816,164
2022
$1,212,730
($273,009)
$137,779
($354,415)
($145,101)
$577,984
2021
$1,194,095
($566,895)
$537,619
$266,617
$784,623
$2,216,059
2020
$1,031,865
($259,922)
$455,999
$93,714
$45,798
$1,367,454
Our methodologies for determining the fair value of equity awards in our financial statements and in the Summary Compensation Table and Grants of Plan-Based Awards Table above are described in Note 16, “Stock Based Compensation Plans,” to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in footnote (2) to the Summary Compensation Table. For purposes of calculating compensation actually paid in this section, awards of RSUs are valued at fiscal year-end dates and vesting dates based on the closing market price of our common stock at each such measurement date, based on target shares as adjusted at any vesting date for earned above-target shares or forfeitures.
     
Company Selected Measure Name adjusted EBITDA      
Named Executive Officers, Footnote
(1)
For 2023, Michael Connors was our PEO and Humberto Alfonso, Michael Sherrick, Todd Lavieri and Thomas Kucinski were our Non-PEO Named Executive Officers. For 2022, Michael Connors was our PEO and Humberto Alfonso, Todd Lavieri and Thomas Kucinski were our Non-PEO Named Executive Officers. For 2021, Michael Connors was our PEO and Humberto Alfonso, David Berger, Todd Lavieri and Thomas Kucinski were our Non-PEO Named Executive Officers. For 2020, Michael Connors was our PEO and David Berger, Todd Lavieri and Thomas Kucinski were our Non-PEO Named Executive Officers
     
Peer Group Issuers, Footnote
(1)
The Peer Group consists of the following companies: American Software, Inc., Edigo, Inc., Forrester Research, Inc., Lesaka Technologies Inc., Repay Holding Corp., The Hackett Group, Tucows, Inc. The Peer Group is weighted by market capitalization.
     
PEO Total Compensation Amount $ 2,946,845 $ 4,156,627 $ 5,219,770 $ 3,252,399
PEO Actually Paid Compensation Amount $ 2,942,884 148,136 12,254,225 4,435,627
Adjustment To PEO Compensation, Footnote
(2)
For Mr. Connors, the following amounts were added and deducted to the Summary Compensation Table (SCT) amount to determine the ‘compensation actually paid’ as determined in accordance with SEC regulations.
Year
SCT Total
Stock Awards
Granted during
Year and
included in
SCT
Year-End Fair
Value of Stock
Awards
Granted during
Year and
Remain
Unvested
Change in
Fair Value
of Equity
Awards
Unvested at
Prior Year
End and at
Year End
Change in
Fair Value
of Equity
Awards
Unvested at
Prior Year
End that
Vested
during Year
Forfeitures
Total
2023
$2,946,845
($1,021,146)
$2,021,143
$78,375
$39,619
($1,121,952)
$2,942,884
2022
$4,156,627
($1,381,491)
$1,311,466
($2,463,435)
($1,475,031)
$148,136
2021
$5,219,770
($2,352,372)
$2,519,548
$3,322,770
$3,544,509
$12,254,225
2020
$3,252,399
($1,070,732)
$2,079,999
$382,006
$194,903
($402,948)
$4,435,627
     
Non-PEO NEO Average Total Compensation Amount $ 890,685 1,212,730 1,194,095 1,031,865
Non-PEO NEO Average Compensation Actually Paid Amount $ 816,164 577,984 2,216,059 1,367,454
Adjustment to Non-PEO NEO Compensation Footnote
(3)
For Messrs. Alfonso, Berger, Sherrick, Lavieri and Kucinski, the following amounts were added and deducted to the Summary Compensation Table (SCT) amount to determine the ‘‘average compensation actually paid’’ as determined in accordance with SEC regulations.
Year
SCT Total
Stock Awards
Granted during
Year and
included in
SCT
Year-End Fair
Value of Stock
Awards
Granted during
Year and
Remain
Unvested
Change in
Fair Value
of Equity
Awards
Unvested at
Prior Year
End and at
Year End
Change in
Fair Value
of Equity
Awards
Unvested at
Prior Year
End that
Vested
during Year
Forfeitures
Total
2023
$890,685
($404,003)
$531,793
$4,577
$4,768
($211,656)
$816,164
2022
$1,212,730
($273,009)
$137,779
($354,415)
($145,101)
$577,984
2021
$1,194,095
($566,895)
$537,619
$266,617
$784,623
$2,216,059
2020
$1,031,865
($259,922)
$455,999
$93,714
$45,798
$1,367,454
     
Compensation Actually Paid vs. Total Shareholder Return
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation and certain aspects of the Company’s financial performance. For further information regarding our executive compensation programs, the metrics the Compensation Committee used to set executive compensation for 2023 (which are different than the financial metrics we are required to include in the tables and discussion below) and our pay versus performance philosophy, please refer to “Compensation Discussion and Analysis” starting on page 20 of this Proxy Statement.
 
Financial Metrics
 
Comp Actually Paid
Year
TSR
Net Income
PEO
Compensation
Non-PEO
Compensation
2023
6.2%
-69%
1915.0%
41.2%
2022
-37.0%
27%
-98.8%
-73.9%
2021
134.0%
464%
176.3%
62.1%
2020
29.6%
-18%
153.6%
-31.0%
We believe that the Company’s total shareholder return and profitability are important in the design of our compensation programs. Since 2020, cumulative total shareholder return is approximately 55%. Our 2023 net income is 123% higher than in 2020 and our 2023 Adjusted EBITDA is 33% higher than in 2020.
The ‘compensation actually paid’ to our PEO has varied significantly from year to year but is now 66% of the amount in 2020. For the non-PEO Named Executive Officers, this ‘compensation actually paid’ is 60% of the amount in 2020. Therefore, PEO and non-PEO Named Executive Officer compensation is modest relative to above returns.
Approximately 70% of the total direct compensation of our PEO and 55% of the total direct compensation of our Non-PEOs is variable or “at risk” and therefore changes in share price can significantly impact “compensation actually paid”. The Compensation Committee believes that 2023 compensation decisions for the PEO and Non-PEOs are reflective of the Company’s overall operating, strategic, finance and stock price performance and thus aligned with shareholders.
Pay Versus Performance Alignment
In linking pay and performance, the Compensation Committee intends to align executive pay with stockholders’ interests. A substantial portion of compensation is determined by the creation of stockholder value. In addition to adopting share ownership guidelines that are described elsewhere in this Proxy Statement, ISG focuses on the measures of revenue, adjusted EBITDA and total shareholder return. The values in the Pay Versus Performance table above show the impact of share price on the ‘actual compensation paid.’
In determining Named Executive Officer compensation for a particular year, the Compensation Committee conducts a broad review of ISG performance relative to budget plans and considers general market conditions. In addition, the Compensation Committee also considers performance against operating and strategic goals. We believe that this provides an appropriate holistic view of firm performance.
     
Compensation Actually Paid vs. Net Income
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation and certain aspects of the Company’s financial performance. For further information regarding our executive compensation programs, the metrics the Compensation Committee used to set executive compensation for 2023 (which are different than the financial metrics we are required to include in the tables and discussion below) and our pay versus performance philosophy, please refer to “Compensation Discussion and Analysis” starting on page 20 of this Proxy Statement.
 
Financial Metrics
 
Comp Actually Paid
Year
TSR
Net Income
PEO
Compensation
Non-PEO
Compensation
2023
6.2%
-69%
1915.0%
41.2%
2022
-37.0%
27%
-98.8%
-73.9%
2021
134.0%
464%
176.3%
62.1%
2020
29.6%
-18%
153.6%
-31.0%
We believe that the Company’s total shareholder return and profitability are important in the design of our compensation programs. Since 2020, cumulative total shareholder return is approximately 55%. Our 2023 net income is 123% higher than in 2020 and our 2023 Adjusted EBITDA is 33% higher than in 2020.
The ‘compensation actually paid’ to our PEO has varied significantly from year to year but is now 66% of the amount in 2020. For the non-PEO Named Executive Officers, this ‘compensation actually paid’ is 60% of the amount in 2020. Therefore, PEO and non-PEO Named Executive Officer compensation is modest relative to above returns.
Approximately 70% of the total direct compensation of our PEO and 55% of the total direct compensation of our Non-PEOs is variable or “at risk” and therefore changes in share price can significantly impact “compensation actually paid”. The Compensation Committee believes that 2023 compensation decisions for the PEO and Non-PEOs are reflective of the Company’s overall operating, strategic, finance and stock price performance and thus aligned with shareholders.
Pay Versus Performance Alignment
In linking pay and performance, the Compensation Committee intends to align executive pay with stockholders’ interests. A substantial portion of compensation is determined by the creation of stockholder value. In addition to adopting share ownership guidelines that are described elsewhere in this Proxy Statement, ISG focuses on the measures of revenue, adjusted EBITDA and total shareholder return. The values in the Pay Versus Performance table above show the impact of share price on the ‘actual compensation paid.’
In determining Named Executive Officer compensation for a particular year, the Compensation Committee conducts a broad review of ISG performance relative to budget plans and considers general market conditions. In addition, the Compensation Committee also considers performance against operating and strategic goals. We believe that this provides an appropriate holistic view of firm performance.
     
Compensation Actually Paid vs. Company Selected Measure
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation and certain aspects of the Company’s financial performance. For further information regarding our executive compensation programs, the metrics the Compensation Committee used to set executive compensation for 2023 (which are different than the financial metrics we are required to include in the tables and discussion below) and our pay versus performance philosophy, please refer to “Compensation Discussion and Analysis” starting on page 20 of this Proxy Statement.
 
Financial Metrics
 
Comp Actually Paid
Year
TSR
Net Income
PEO
Compensation
Non-PEO
Compensation
2023
6.2%
-69%
1915.0%
41.2%
2022
-37.0%
27%
-98.8%
-73.9%
2021
134.0%
464%
176.3%
62.1%
2020
29.6%
-18%
153.6%
-31.0%
We believe that the Company’s total shareholder return and profitability are important in the design of our compensation programs. Since 2020, cumulative total shareholder return is approximately 55%. Our 2023 net income is 123% higher than in 2020 and our 2023 Adjusted EBITDA is 33% higher than in 2020.
The ‘compensation actually paid’ to our PEO has varied significantly from year to year but is now 66% of the amount in 2020. For the non-PEO Named Executive Officers, this ‘compensation actually paid’ is 60% of the amount in 2020. Therefore, PEO and non-PEO Named Executive Officer compensation is modest relative to above returns.
Approximately 70% of the total direct compensation of our PEO and 55% of the total direct compensation of our Non-PEOs is variable or “at risk” and therefore changes in share price can significantly impact “compensation actually paid”. The Compensation Committee believes that 2023 compensation decisions for the PEO and Non-PEOs are reflective of the Company’s overall operating, strategic, finance and stock price performance and thus aligned with shareholders.
Pay Versus Performance Alignment
In linking pay and performance, the Compensation Committee intends to align executive pay with stockholders’ interests. A substantial portion of compensation is determined by the creation of stockholder value. In addition to adopting share ownership guidelines that are described elsewhere in this Proxy Statement, ISG focuses on the measures of revenue, adjusted EBITDA and total shareholder return. The values in the Pay Versus Performance table above show the impact of share price on the ‘actual compensation paid.’
In determining Named Executive Officer compensation for a particular year, the Compensation Committee conducts a broad review of ISG performance relative to budget plans and considers general market conditions. In addition, the Compensation Committee also considers performance against operating and strategic goals. We believe that this provides an appropriate holistic view of firm performance.
     
Total Shareholder Return Vs Peer Group
The following table compares the 4 year cumulative total shareholder return on our common stock from December 31, 2019 through December 31, 2023, with the cumulative total return for the same period of the Peer Group described below. The comparison assumes for the same period the investment of $100 on December 31, 2019 in our common stock and of the peer group and in each case, assumes reinvestment of all dividends.
 
 
Years Ended December 31,
 
 
2020
2021
2022
2023
Information Services Group
Return
29.64%
135.40%
(38.12%)
6.16%
 
Cumulative
$129.64
$305.18
$188.86
$200.49
Peer Group(1)
Return
19.47%
4.66%
(43.82%)
(14.47%)
 
Cumulative
$119.47
$125.04
$70.24
$60.08
(1)
The Peer Group consists of the following companies: American Software, Inc., Edigo, Inc., Forrester Research, Inc., Lesaka Technologies Inc., Repay Holding Corp., The Hackett Group, Tucows, Inc. The Peer Group is weighted by market capitalization.
Since 2020, ISG’s return has outperformed its peer group and resulted in a more than 55% cumulative return during that time period. As noted in the pay versus performance table, annual compensation actually paid to the PEO and non-PEO Named Executive Officers has declined during that same time period.
     
Total Shareholder Return Amount $ 200.52 188.84 305.19 129.64
Peer Group Total Shareholder Return Amount 60.08 70.24 125.04 119.47
Net Income (Loss) $ 6,154,000 $ 19,726,000 $ 15,529,000 $ 2,755,000
Company Selected Measure Amount 37,677 43,256 38,812 28,340
PEO Name Michael Connors Michael Connors Michael Connors Michael Connors
Increase (Decrease) in TSR, Percentage 6.20% (37.00%) 134.00% 29.60%
Increase (Decrease) in Net Income, Percentage (69.00%) 27.00% 464.00% (18.00%)
Cumulative total shareholder return 55.00%      
Percentage increase in net income in comparison to year 2020 123.00%      
Percentage increase in adjusted EBITDA in comparison to year 2020 33.00%      
Company Total Shareholder Return, Percentage 6.16% (38.12%) 135.40% 29.64%
Company Total Shareholder Return Amount $ 200.49 $ 188.86 $ 305.18 $ 129.64
Peer Group Total Shareholder Return, Percentage (14.47%) (43.82%) 4.66% 19.47%
PEO [Member]        
Pay vs Performance Disclosure        
Increase (Decrease) in CAP, Percentage 1915.00% (98.80%) 176.30% 153.60%
Percentage of compensation paid in comparison to year 2020 66.00%      
Total Direct Variable Compensation, Percentage 70.00%      
PEO [Member] | Stock Awards Granted during Year and included in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (1,021,146) $ (1,381,491) $ (2,352,372) $ (1,070,732)
PEO [Member] | Year-End Fair Value of Stock Awards Granted during Year and Remain Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,021,143 1,311,466 2,519,548 2,079,999
PEO [Member] | Change in Fair Value of Equity Awards Unvested at Prior Year End and at Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 78,375 (2,463,435) 3,322,770 382,006
PEO [Member] | Change in Fair Value of Equity Awards Unvested at Prior Year End that Vested during Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 39,619 (1,475,031) 3,544,509 194,903
PEO [Member] | Forfeitures [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (1,121,952) $ 0 $ 0 $ (402,948)
Non-PEO NEO [Member]        
Pay vs Performance Disclosure        
Increase (Decrease) in CAP, Percentage 41.20% (73.90%) 62.10% (31.00%)
Percentage of compensation paid in comparison to year 2020 60.00%      
Total Direct Variable Compensation, Percentage 55.00%      
Non-PEO NEO [Member] | Stock Awards Granted during Year and included in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (404,003) $ (273,009) $ (566,895) $ (259,922)
Non-PEO NEO [Member] | Year-End Fair Value of Stock Awards Granted during Year and Remain Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 531,793 137,779 537,619 455,999
Non-PEO NEO [Member] | Change in Fair Value of Equity Awards Unvested at Prior Year End and at Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,577 (354,415) 266,617 93,714
Non-PEO NEO [Member] | Change in Fair Value of Equity Awards Unvested at Prior Year End that Vested during Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,768 (145,101) 784,623 45,798
Non-PEO NEO [Member] | Forfeitures [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (211,656) $ 0 $ 0 $ 0