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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Pay Versus Performance

In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we are providing the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.

Year	Summary Compensation Table Total for PEO ($)(1)		Compensation Actually Paid to PEO ($)(1)(2)(3)		Average Summary Compensation Table Total for Non-PEO NEOs ($)(1)		Average Compensation Actually Paid to Non-PEO NEOs ($)(1)(2)(3)		Value of Initial Fixed $100 Investment based on TSR ($)(4)		Net Income ($ Millions)
2024		987,176		986,708		525,686		525,686		88.61		3.9
2023		1,154,500		1,217,389		685,695		719,895		47.44		4.2
2022		920,851		873,429		505,012		486,044		36.05		3.3

(1)

Lloyd Hoffman was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented were Danny Montgomery and Colleen McDonald.

(2)

The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.

(3)

Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.

PEO Total Compensation Amount

$ 987,176

$ 1,154,500

$ 920,851

PEO Actually Paid Compensation Amount

986,708

1,217,389

873,429

Non-PEO NEO Average Total Compensation Amount

525,686

685,695

505,012

Non-PEO NEO Average Compensation Actually Paid Amount

$ 525,686

719,895

486,044

Adjustment to Non-PEO NEO Compensation Footnote

Year

Summary

Compensation Table

Total for PEO
($)

Exclusion of Stock

Awards for PEO
($)

Inclusion of Equity

Values for PEO
($)

Compensation

Actually Paid to PEO
($)

2024

987,176

(57,150)

56,682

986,708

Year

Average Summary

Compensation Table

Total for Non-PEO

NEOs
($)

Average Exclusion of

Stock Awards for

Non-PEO NEOs
($)

Average Inclusion of

Equity Values for

Non-PEO NEOs
($)

Average

Compensation

Actually Paid to Non-

PEO NEOs
($)

2024

525,686

—

525,686

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

Year

Year-End

Fair Value of

Equity

Awards

Granted

During Year

That

Remained

Unvested as

of Last Day of

Year for PEO
($)

Change in

Fair Value

from Last

Day of Prior

Year to Last

Day of Year

of Unvested

Equity

Awards for

PEO
($)

Vesting-Date

Fair Value of

Equity

Awards

Granted

During Year

that Vested

During Year

for Lloyd

Hoffman
($)

Change in

Fair Value

from Last

Day of Prior

Year to

Vesting Date

of Unvested

Equity

Awards that

Vested

During Year

for PEO
($)

Fair Value at

Last Day of

Prior Year of

Equity

Awards

Forfeited

During Year

for PEO
($)

Value of

Dividends or

Other

Earnings Paid

on Equity

Awards Not

Otherwise

Included for

PEO
($)

Total -

Inclusion

of
Equity

Values

for PEO
($)

2024

56,682

—

56,682

Year

Average

Year-End

Fair Value of

Equity

Awards

Granted

During Year

That

Remained

Unvested as

of Last Day of

Year for Non-

PEO NEOs
($)

Average

Change in

Fair Value

from Last

Day of Prior

Year to Last

Day of Year

of Unvested

Equity

Awards for

Non-PEO

NEOs
($)

Average

Vesting-Date

Fair Value of

Equity

Awards

Granted

During Year

that Vested

During Year

for Non-PEO

NEOs
($)

Average

Change in

Fair Value

from Last

Day of Prior

Year to

Vesting Date

of Unvested

Equity

Awards that

Vested

During Year

for Non-PEO

NEOs
($)

Average Fair

Value at Last

Day of Prior

Year of

Equity

Awards

Forfeited

During Year

for Non-PEO

NEOs
($)

Average

Value of

Dividends or

Other

Earnings Paid

on Equity

Awards Not

Otherwise

Included for

Non-PEO

NEOs
($)

Total -

Average

Inclusion

of
Equity

Values for

Non-PEO

NEOs
($)

2024

—

(4)

The comparison assumes $100 was invested in the Company for the period starting December 31, 2021 through the end of the listed year. Historical stock performance is not necessarily indicative of future stock performance.

Compensation Actually Paid vs. Total Shareholder Return

Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.

Compensation Actually Paid vs. Net Income

Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the three most recently completed fiscal years.