PAY VERSUS PERFORMANCE TABLE
| Fiscal Year | Summary | Compensation | Average | Average | Value of Initial | NET | ||||||||||||||
| 2024 | $ | 3,351,468 | $ | 419,367 |
| $ | 854,271 | $ | 445,739 | $ | 0.80 | $ | (101.8 | ) | ||||||
| 2023 | $ | 3,388,174 | $ | (409,935 | ) | $ | 938,525 | $ | 310,246 | $ | 8.26 | $ | (123.9 | ) | ||||||
| 2022 | $ | 8,498,120 | $ | (376,377 | ) | $ | 1,737,235 | $ | 773,011 | $ | 34.86 | $ | (117.3 | ) | ||||||
1. Our CEO, Richard Dauch, served as our Principal Executive Officer in 2024, 2023 and 2022. Our other NEOs (“Non-CEO NEOs”) included:
a. For 2024, 2023 and 2022, Robert Ginnan (who joined the Company as of January 4, 2022) and James Harrington
2. TSR is determined based on the value of an initial fixed investment of $100 made on December 31, 2021.
3. The values included in columns (c) and (e) for the Compensation Actually Paid to our CEO and the average Compensation Actually Paid to our non-CEO NEOs reflect adjustments as follow in the table below. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules.
| Fiscal | Executives | SCT | Grant | Year End | Change in | Change | Fair | Fair Value | Value of | Total | CAP (d) = | ||||||||||||||||||||||||
| 2024 | PEO | $ | 3,351,468 | $ | 1,815,000 | $ | 199,829 | $ | (808,832 | ) | $ | (508,097 | ) | $ | 0 | $ | 0 | $ | 0 | $ | (1,117,101 | ) | $ | 419,367 | |||||||||||
| Non-CEO NEOs | $ | 854,271 | $ | 290,625 | $ | 31,999 | $ | (96,757 | ) | $ | (53,149 | ) | $ | 0 | $ | 0 | $ | 0 | $ | (117,907 | ) | $ | 445,739 | ||||||||||||
The valuation assumptions and processes used to recalculate fair values did not materially differ from those disclosed at the time of grant and were computed in accordance with ASC 718 as of the end of the applicable fiscal year or applicable vest date.
