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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay Versus Performance 

 

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 actually paid and certain financial performance of our Company for the fiscal years ended December 31, 2023, 2022 and 2021.

 

                                   

Value of Initial

         
                   

Average Summary

   

Average

   

Fixed $100

         
   

Summary

           

Compensation

   

Compensation

   

Investment Based

         
   

Compensation

   

Compensation

   

Table for Non-

   

Actually Paid

   

on Company

   

Net

 
   

Table Total

   

Actually paid

   

PEO Named

   

to Non-PEO Named

   

Total Shareholder

   

Income (Loss)

 

Year

 

per PEO (1)

   

to PEO (1)

   

Executive Officers (1)

   

Executive Officers (1)

   

Return

   

in 000's

 

2023

  $ 1,216,040     $ 1,332,023     $ 521,165     $ 553,000     $ 34.93     $ 7,649  

2022

  $ 779,715     $ 974,452     $ 352,586     $ 385,164     $ 22.57     $ (9,730 )

2021

  $ 765,688     $ (341,408 )   $ 349,653     $ (83,304 )   $ 23.71     $ 2,847  

 

 

1.

Our CEO, Eric B. Blashford served as our principal executive officer (PEO) for each year reported. The Other NEO’s represent the following individuals for each of the years shown: Daniel E. Schueller for 2023, 2022 and 2021, Wayne W. Hanna for 2021, Jason L. Bonfigt for 2021 and Thomas A. Ciccone for 2023 and 2022.

   
PEO Total Compensation Amount $ 1,216,040 $ 779,715 $ 765,688
PEO Actually Paid Compensation Amount $ 1,332,023 974,452 (341,408)
Adjustment To PEO Compensation, Footnote

Compensation Actually Paid (CAP) is defined by the SEC to include not only actual take-home pay for the reported year, but also (i) the year-end value of equity awards granted during the reported year, and (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested or were forfeited, or through the end of the reported fiscal year. To calculate CAP, the following amounts were deducted from and added to the executives’ “total compensation” as reported in the Summary Compensation Table (SCT):

 

             

Minus

   

Plus

   

Plus (Minus)

   

Plus (Minus)

   

Plus (Minus)

   

Equals

 
                                     

Change in Fair

                 
                     

Fair Value at Fiscal

   

Change in Fair

   

Value as of Vesting

                 
                     

Year-End of

   

Value of

   

Date of Stock

                 
     

Summary

   

Grant Date Fair

   

Outstanding and

   

Outstanding and

   

Awards Granted in

                 
     

Compensation

   

Value of Stock

   

Unvested Stock

   

Unvested Stock

   

Prior Years that

   

Value as of Prior Year-End

         
     

Table (SCT)

   

Awards Granted in

   

Awards Granted In

   

Awards Granted In

   

Vested During

   

For Awards Forfeited

         
     

Total

   

Fiscal Year

   

Fiscal Year

   

Prior Fiscal Years

   

Fiscal Year

   

During the Year

   

CAP

 
 

Year

 

$

   

$

   

$

   

$

   

$

   

$

   

$

 

PEO

2023

  $ 1,216,040     $ 323,137     $ 218,049     $ 119,782     $ 162,564     $ (61,275 )   $ 1,332,023  
 

2022

  $ 779,715     $ 235,079     $ 237,735     $ 158,214     $ 33,867             $ 974,452  
 

2021

  $ 765,688     $ 299,997     $ 117,011     $ (671,381 )   $ (252,730 )           $ (341,408 )

Average Non-

2023

  $ 521,165     $ 110,638     $ 74,657     $ 31,896     $ 46,377     $ (10,458 )   $ 553,000  

PEO NEOs

2022

  $ 352,586     $ 61,936     $ 62,636     $ 26,526     $ 5,352             $ 385,164  
 

2021

  $ 349,653     $ 101,467     $ 21,700     $ (315,193 )   $ (37,997 )           $ (83,304 )

 

 

   
Non-PEO NEO Average Total Compensation Amount $ 521,165 352,586 349,653
Non-PEO NEO Average Compensation Actually Paid Amount 553,000 385,164 (83,304)
Total Shareholder Return Amount 34.93 22.57 23.71
Net Income (Loss) 7,649,000 (9,730,000) 2,847,000
PEO Grant Date Fair Value Of Stock Awards Granted In Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 323,137 235,079 299,997
PEO Fair Value At Fiscal Year-End Of Outstanding And Unvested Stock Awards Granted In Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 218,049 237,735 117,011
PEO Change In Fair Value Of Outstanding And Unvested Stock Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 119,782 158,214 (671,381)
PEO Change In Fair Value As Of Vesting Date Of Stock Awards Granted In Prior Years That Vested During Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 162,564 33,867 (252,730)
PEO Value As Of Prior Year-End For Awards Forfeited During The Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (61,275)    
NEO Grant Date Fair Value Of Stock Awards Granted In Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 110,638 61,936 101,467
NEO Fair Value At Fiscal Year-End Of Outstanding And Unvested Stock Awards Granted in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 74,657 62,636 21,700
NEO Change In Fair Value Of Outstanding And Unvested Stock Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 31,896 26,526 (315,193)
NEO Change In Fair Value As Of Vesting Date Of Stock Awards Granted In Prior Years That Vested During Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 46,377 $ 5,352 $ (37,997)
NEO Value As Of Prior Year-End For Awards Forfeited During The Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (10,458)