| | | | | 1 | | | |
| | | | | 6 | | | |
| | | | | 9 | | | |
| | | | | 10 | | | |
| | | | | 17 | | | |
| | | | | 18 | | | |
| | | | | 19 | | | |
| | | | | 19 | | | |
| | | | | 27 | | | |
| | | | | 27 | | | |
| | | | | 28 | | | |
| | | | | 29 | | | |
| | | | | 29 | | | |
| | | | | 29 | | | |
| | | | | 30 | | | |
| | | | | 30 | | | |
| | | | | 31 | | | |
| | | | | 31 | | | |
| | | | | 32 | | | |
| | | | | 36 | | | |
| | | | | 36 | | | |
| | | | | 39 | | | |
| | | | | 40 | | | |
| | | | | 41 | | | |
| | | | | 41 | | | |
| | | | | 42 | | | |
| | | | | 43 | | | |
| | | | | 44 | | | |
| | | | | 46 | | | |
| | | | | 46 | | | |
| | | | | 46 | | | |
| | | | | 46 | | | |
| | | | | 47 | | | |
| | | | | 47 | | | |
| | | | | A-1 | | | |
| | | | | B-1 | | |
|
•
Operating margin was 13.3%.
|
|
|
•
Revenue was $169.3 million.
|
|
|
•
Net income margin was 11.5%.
|
|
|
•
EBITDA margin was 21.7%.(1)
|
|
|
•
Earnings per diluted share were $11.02.
|
|
|
•
Cash flows from operating activities were $20.0 million.
|
|
|
•
Dividends were increased for the 20th consecutive year.
|
|
|
•
Returned $17.0 million to stockholders through dividends and stock repurchases.
|
|
|
•
Total assets were $260.8 million at year end.
|
|
Item
|
| |
Voting Recommendation of the Board
|
| |
Page References
|
|
Election of one Class II director | | |
FOR THE NOMINEE
|
| |
9
|
|
Approval of an amendment of the Company’s Certificate of Incorporation to provide for exculpation of officers as permitted by Delaware law | | |
FOR
|
| |
40
|
|
Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year 2024 | | |
FOR
|
| |
41
|
|
Approval, on an advisory basis, of executive officer compensation | | |
FOR
|
| |
43
|
|
Governance Practice
|
| |
Description
|
| |
Page References
|
|
Director Independence | | |
All of our directors, except our Chairman of the Board, are independent
|
| |
10
|
|
Separate Chairman | | |
We separate the roles of Chairman of the Board and Chief Executive Officer
|
| |
10
|
|
Director Attendance | | |
Each director attended more than 95% of the meetings of the Board and all committees on which he or she served that were held in 2023 during the time that he or she served as a director or as a member of such committees
|
| |
13
|
|
Director Resignation Policy | | |
We have a resignation policy if a director fails to garner a majority of votes cast in his or her election
|
| |
12
|
|
Executive Session | | |
Our independent directors meet regularly in executive session without management and non-independent directors present
|
| |
10
|
|
Independent
Compensation Consultant |
| |
We have a fully independent compensation consultant to provide various services, including those related to executive officer and non-employee director compensation
|
| |
13 and 19
|
|
| | |
As of January 31, 2024
|
| |
As of January 31, 2023
|
| ||||||||||||||||||
| | |
Female
|
| |
Male
|
| |
Female
|
| |
Male
|
| ||||||||||||
Number of Directors | | |
6
|
| |
5
|
| ||||||||||||||||||
Directors | | | | | 1 | | | | | | 5 | | | | | | 0 | | | | | | 5 | | |
Number of Directors who identify in Either of the Categories Below: | | ||||||||||||||||||||||||
African American or Black | | | | | 0 | | | | | | 1 | | | | | | 0 | | | | | | 1 | | |
White | | | | | 1 | | | | | | 4 | | | | | | 0 | | | | | | 4 | | |
|
Medical Device/Pharma Experience
|
| |
Human Resources/Compensation
|
| |
International Business Experience
|
|
| Financial and Accounting | | | Regulatory and Compliance | | | Risk Management/Oversight | |
| Manufacturing | | | Innovation | | | Strategy | |
| | | | Corporate Governance | | | | |
Components of Compensation
|
| |
Form of Compensation
|
| |
Page References
|
|
Base Salary | | |
Annual Cash Salary
|
| |
22 and 29
|
|
Annual Cash Incentives | | |
Annual cash incentive based on Company and individual performance
|
| |
22 and 29
|
|
Long-Term Equity Incentives | | |
Stock Options, Restricted Stock, Stock Units, Dividend Equivalents, and Other Stock-Based Awards
|
| |
24 and 29
|
|
Additional Executive
Compensation Principles |
| |
Description
|
| |
Page References
|
|
Stock Ownership | | |
We require significant stock ownership by all of our executive officers.
|
| |
26
|
|
Anti-Hedging, Anti-Pledging, and Clawback Policies | | |
We have anti-hedging and anti-pledging policies and a clawback policy covering cash- and equity-based incentive compensation.
|
| |
16 and 26
|
|
No Single-Trigger Change in Control Agreements | | |
We have no single-trigger change in control agreements.
|
| |
25
|
|
At-Will Employment | | |
Our only executive officer who has an employment agreement is our Chairman of the Board.
|
| |
32
|
|
No Repricing of Stock Options
|
| |
We do not reprice stock options.
|
| |
24
|
|
No Gross-Ups for §280G Excise Taxes Related to Change in Control Agreements | | |
We do not provide gross-ups for §280G excise taxes related to change in control agreements.
|
| |
32
|
|
| | |
As of January 31, 2024
|
| |
As of January 31, 2023
|
| ||||||||||||||||||
| | |
Female
|
| |
Male
|
| |
Female
|
| |
Male
|
| ||||||||||||
Number of Directors | | |
6
|
| |
5
|
| ||||||||||||||||||
Directors | | | | | 1 | | | | | | 5 | | | | | | 0 | | | | | | 5 | | |
Number of Directors who identify in Either of the Categories Below: | | ||||||||||||||||||||||||
African American or Black | | | | | 0 | | | | | | 1 | | | | | | 0 | | | | | | 1 | | |
White | | | | | 1 | | | | | | 4 | | | | | | 0 | | | | | | 4 | | |
| | | |
Preston G. Athey
|
| |
Jeannette Bankes
|
| |
Emile A Battat
|
| |
Ronald L. Spalding
|
| |
John P. Stupp, Jr.
|
|
| Medical Device/Pharma Experience | | |
—
|
| |
✓
|
| |
✓
|
| |
✓
|
| |
—
|
|
| Financial and Accounting | | |
✓
|
| |
—
|
| |
✓
|
| |
—
|
| |
✓
|
|
| Manufacturing | | |
—
|
| |
✓
|
| |
—
|
| |
—
|
| |
✓
|
|
| HR/Compensation | | |
—
|
| |
✓
|
| |
—
|
| |
—
|
| |
✓
|
|
| Regulatory and Compliance | | |
—
|
| |
✓
|
| |
—
|
| |
—
|
| |
✓
|
|
| Innovation | | |
—
|
| |
✓
|
| |
✓
|
| |
✓
|
| |
✓
|
|
| International Business Experience | | |
—
|
| |
✓
|
| |
✓
|
| |
✓
|
| |
—
|
|
| Risk Management/Oversight | | |
✓
|
| |
✓
|
| |
—
|
| |
—
|
| |
✓
|
|
| Strategy | | |
—
|
| |
✓
|
| |
✓
|
| |
✓
|
| |
✓
|
|
| Corporate Governance | | |
✓
|
| |
—
|
| |
✓
|
| |
✓
|
| |
✓
|
|
Name
|
| |
Fees Earned
or Paid in Cash ($)(1) |
| |
Stock Awards
($)(2) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||
Preston G. Athey
|
| | | | 80,000 | | | | | | 62,029(3) | | | |
—
|
| | | | 142,029 | | | |||
Jeannette Bankes(4)
|
| | | | 18,293 | | | | | | 82,667 | | | |
—
|
| | | | 100,960 | | | |||
Hugh J. Morgan, Jr.
|
| | | | 66,000 | | | | | | 124,000 | | | |
—
|
| | | | 190,000 | | | |||
Ronald N. Spaulding
|
| | | | 80,000 | | | | | | 124,000 | | | | | | — | | | | | | 204,000 | | |
John P. Stupp, Jr.
|
| | | | 80,000(5) | | | | | | 124,000 | | | | | | 3,857(6) | | | | | | 207,857 | | |
| | |
2023
|
| |
2022
|
| |
Change
|
| |||||||||
Revenues
|
| | | $ | 169,326,000 | | | | | $ | 183,506,000 | | | | | | (7.7)% | | |
Operating Income
|
| | | $ | 22,579,000 | | | | | $ | 39,687,000 | | | | | | (43.1)% | | |
Net Income
|
| | | $ | 19,411,000 | | | | | $ | 35,008,000 | | | | | | (44.6)% | | |
Income per Diluted Share
|
| | | $ | 11.02 | | | | | $ | 19.56 | | | | | | (43.7)% | | |
Operating Income as a Percentage of Year End Stockholders’ Equity
|
| | | | 9.3% | | | | | | 16.6% | | | | | | (7.3)% | | |
Named Executive Officer
|
| |
2023 Base
Salary($) |
| |
2023 Target Bonus
Opportunity (as a Percentage of Base Salary) |
| |
2023 Target Bonus
Opportunity($) |
| |||||||||
David A. Battat
|
| | | | 720,000 | | | | | | 100% | | | | | | 720,000 | | |
Cindy Ferguson
|
| | | | 300,000 | | | | | | 60% | | | | | | 180,000 | | |
Performance Measure
|
| |
Weighting
|
| |
Threshold
(50% of Target Payout) ($ millions) |
| |
Target
(100% of Target Payout ($ millions) |
| |
Maximum
(150% of Target Payout) ($ millions) |
| |
2023
Results ($ millions) |
| |
Funding
Level |
| |
Total
Payout Factor |
| |||||||||||||||||||||
Operating Income(1)
|
| | | | 60% | | | | | | 35.81 | | | | | | 42.13 | | | | | | 48.45 | | | | | | 22.58 | | | | | | 0% | | | | | | 0% | | |
Revenue(2) | | | | | 20% | | | | | | 171.18 | | | | | | 201.387 | | | | | | 231.6 | | | | | | 169.326 | | | | | | 0% | | | | | | 0% | | |
Strategic Objectives
|
| | | | 20% | | | |
See description below
|
| | | | 125% | | | | | | 25% | | | |||||||||||||||||||||
Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 25% | | |
2023 Annual Incentive Plan
|
| |
Target ($)
|
| |
Total Payout Factor
|
| |
Amount Earned ($)
|
| |||||||||
David A. Battat
|
| | | | 720,000 | | | | | | 25% | | | | | | 180,000 | | |
Cindy Ferguson
|
| | | | 180,000 | | | | | | 25% | | | | | | 45,000 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary ($)(1)
|
| |
Bonus ($)
|
| |
Stock
Awards ($)(2) |
| |
Non-Equity
Incentive Plan Compensation ($)(3) |
| |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total ($)
|
| ||||||||||||||||||||||||
David A. Battat
|
| | | | 2023 | | | | | | 718,077 | | | |
—
|
| |
—
|
| | | | 180,000 | | | |
—
|
| | | | 26,387(4) | | | | | | 924,464 | | | |||||||||
President and Chief | | | | | 2022 | | | | | | 620,000 | | | |
—
|
| |
—
|
| | | | 900,000 | | | |
—
|
| | | | 21,376 | | | | | | 1,541,376 | | | |||||||||
Executive Officer | | | | | 2021 | | | | | | 620,000 | | | | | | 400,000 | | | |
—
|
| | | | 900,000 | | | |
—
|
| | | | 16,585 | | | | | | 1,936.585 | | | ||||||
Cindy Ferguson(5)
|
| | | | 2023 | | | | | | 283,904 | | | |
—
|
| | | | 445,920 | | | | | | 45,000 | | | |
—
|
| | | | 34,347(6) | | | | | | 809,171 | | | ||||||
Vice President and | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Chief Financial Officer, | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Secretary, and Treasurer | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Jeffery Strickland(7)
|
| | | | 2023 | | | | | | 92,308 | | | |
—
|
| |
—
|
| |
—
|
| | | | 210,196 | | | | | | 600,593(8) | | | | | | 903,097 | | | |||||||||
Former Vice President and | | | | | 2022 | | | | | | 300,000 | | | |
—
|
| |
—
|
| |
—
|
| | | | 27,086 | | | | | | 43,480 | | | | | | 370,566 | | | |||||||||
Chief Financial Officer, | | | | | 2021 | | | | | | 300,000 | | | | | | 200,000 | | | |
—
|
| | | | 450,000 | | | | | | 18,795 | | | | | | 36,383 | | | | | | 1,005,178 | | | |||
Secretary and Treasurer | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Emile A Battat
|
| | | | 2023 | | | | | | 600,000 | | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| | | | 32,564(9) | | | | | | 632,564 | | | ||||||||||||
Chairman | | | | | 2022 | | | | | | 600,000 | | | |
—
|
| |
—
|
| | | | 291,588 | | | |
—
|
| | | | 14,534 | | | | | | 906,122 | | | |||||||||
| | | | | 2021 | | | | | | 600,000 | | | |
—
|
| |
—
|
| | | | 29,881 | | | |
—
|
| | | | 36,667 | | | | | | 666,548 | | |
Name
|
| |
Grant Type
|
| |
Grant Date
|
| |
Estimated Possible Payouts Under
Non-Equity Incentive Plan Compensation(1) |
| |
All Other Stock
Awards: Number of Shares of Stock or Units (#) |
| |
Grant Date
Fair Value of Stock and Option Awards(2) ($) |
| |||||||||||||||||||||
|
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |||||||||||||||||||||||||||||
David A. Battat
|
| | Incentive bonus | | |
8/22/2023
|
| | | | 360,000 | | | | | | 720,000 | | | | | | 1,080,000 | | | |
—
|
| |
—
|
| ||||||
Cindy Ferguson
|
| |
Restricted Stock Units
|
| |
3/8/2023
|
| |
—
|
| |
—
|
| |
—
|
| | | | 480 | | | | | | 300,000 | | | |||||||||
| | |
Restricted Stock Units
|
| |
11/24/2023
|
| |
—
|
| |
—
|
| |
—
|
| | | | 480 | | | | | | 145,920 | | | |||||||||
| | | Incentive bonus | | |
8/22/2023
|
| | | | 90,000 | | | | | | 180,000 | | | | | | 270,000 | | | |
—
|
| |
—
|
| ||||||
Jeffery Strickland
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |||||||||||||||
Emile A Battat
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
|
| | |
Stock Awards
|
| |||||||||
Name
|
| |
Number of Shares or Units of
Stock That Have Not Vested(#) |
| |
Market Value of Shares or Units of
Stock That Have Not Vested($)(2) |
| ||||||
David A. Battat
|
| | | | 622(3) | | | | | | 235,516 | | |
Cindy Ferguson
|
| | | | 1,075(4) | | | | | | 407,207 | | |
Jeffery Strickland
|
| |
—
|
| |
—
|
| ||||||
Emile A Battat
|
| | | | 622(5) | | | | | | 235,516 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||
Name
|
| |
Number of Shares
Acquired on Exercise(#) |
| |
Value Realized
on Exercise($) |
| |
Number of Shares
Acquired on Vesting(#)(1) |
| |
Value Realized
on Vesting($)(2) |
| ||||||
David A. Battat
|
| |
—
|
| |
—
|
| | | | 311 | | | | | | 183,891 | | |
Cindy Ferguson
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| ||||||
Jeffery Strickland
|
| |
—
|
| |
—
|
| | | | 603 | | | | | | 380,986 | | |
Emile A Battat
|
| |
—
|
| |
—
|
| | | | 311 | | | | | | 183,891 | | |
Name
|
| |
Executive
Contributions In Last FY($)(1) |
| |
Registrant
Contributions In Last FY($)(2) |
| |
Aggregate
Earnings in Last FY($)(3) |
| |
Aggregate
Withdrawals/ Distributions($) |
| |
Aggregate
Balance at Last FYE($)(4) |
| ||||||||||||
David A. Battat
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| ||||||||||||
Cindy Ferguson
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| ||||||||||||
Jeffery Strickland
|
| | | | 128,942 | | | | | | 2,840 | | | | | | 210,196 | | | |
—
|
| | | | 2,316,113 | | |
Emile A Battat
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
|
Name
|
| |
Type of Payment or Benefit
|
| |
Termination
for Just Cause or Without Good Reason($) |
| |
Termination Without
Just Cause, For Good reason, or upon Retirement, Death, or Disability($) |
| |
Termination Without
Just Cause or For Good Reason in Connection with a Change in Control($) |
| |
Change in
Control($) |
| ||||||||||||
David A. Battat
|
| |
Severance Payment(1)
|
| | | | 94,000 | | | | | | 594,000 | | | | | | 3,483,334 | | | |
—
|
| |||
| Equity Award(2) | | |
—
|
| | | | 235,516 | | | | | | 235,516 | | | | | | 235,516 | | | |||||
| NQDC Plan Balance | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| ||||||||||||||
| Health Benefits | | |
—
|
| |
—
|
| | | | 10,881 | | | |
—
|
| |||||||||||
| Total | | | | | 94,000 | | | | | | 829,516 | | | | | | 3,729,731 | | | | | | 235,516 | | | ||
Cindy Ferguson
|
| |
Severance Payment(3)
|
| | | | 5,769 | | | | | | 305,769 | | | | | | 289,673 | | | |
—
|
| |||
| Equity Awards(2) | | |
—
|
| |
—
|
| | | | 407,207 | | | | | | 407,207 | | | ||||||||
| NQDC Plan Balance | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| ||||||||||||||
| Health Benefits | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| ||||||||||||||
| Total | | | | | 5,769 | | | | | | 305,769 | | | | | | 696,880 | | | | | | 407,207 | | | ||
Jeffery Strickland
|
| |
Severance Payment
|
| |
—
|
| | | | 697,115(4) | | | |
—
|
| |
—
|
| |||||||||
| Equity Awards | | |
—
|
| | | | 379,772(5) | | | |
—
|
| |
—
|
| |||||||||||
| NQDC Plan Balance | | |
—
|
| | | | 2,316,113(6) | | | |
—
|
| |
—
|
| |||||||||||
| Health Benefits | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| ||||||||||||||
| Total | | |
—
|
| | | | 3,393,000 | | | |
—
|
| |
—
|
| |||||||||||
Emile A Battat
|
| |
Severance Payment(1)
|
| | | | 160,168 | | | | | | 1,367,324 | | | | | | 1,574,481 | | | |
—
|
| |||
| Equity Awards(2) | | |
—
|
| | | | 235,516 | | | | | | 235,516 | | | | | | 235,516 | | | |||||
| NQDC Plan Balance | | |
—
|
| | | | — | | | | | | — | | | |
—
|
| ||||||||
| Health Benefits | | |
—
|
| | | | 23,598 | | | | | | 23,598 | | | |
—
|
| ||||||||
| Total | | | | | 160,168 | | | | | | 1,626,438 | | | | | | 1,833,595 | | | | | | 235,516 | | |
Year | | | Summary Compensation Table CEO Total Compensation ($)(a) | | | Compensation Actually Paid to CEO ($)(a)(b) | | | Average Summary Compensation Table Total for Other NEOs ($)(a) | | | Average Compensation Actually Paid to Other NEOs ($)(a)(b) | | | Value of Initial $100 Investment Based On: | | | GAAP Net Income ($ millions) | | | Operating Income ($ millions) | | |||||||||||||||||||||||||||
| Company Total Stockholder Return ($) | | | Peer Group(c) Total Stockholder Return ($) | | ||||||||||||||||||||||||||||||||||||||||||||
2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Year
|
| |
CEO (or Principal Executive Officer)
|
| |
Non-CEO NEOs
|
|
2023 | | | David A. Battat | | |
Emile A. Battat, Jeffery Strickland and Cindy Ferguson
|
|
2022 | | | David A. Battat | | | Emile A. Battat, Jeffery Strickland | |
2021 | | | David A. Battat | | | Emile A. Battat, Jeffery Strickland | |
2020 | | | David A. Battat | | | Emile A. Battat, Jeffery Strickland | |
| | | CEO | | | Non-CEO NEO Average | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2023 | | | 2022 | | | 2021 | | | 2020 | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | ||||||||||||||||||||||||
Summary Compensation Table Total ($) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
Less: Reported Fair Value of Equity Awards ($)(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||
Add: Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($)(2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | | | ||||||||||||||||||
Add: Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(2) | | | | | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | ( | | | ||
Add: Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($)(2) | | | | | ( | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | | | | | | ( | | | ||
Compensation Actually Paid ($) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name of Beneficial Owner
|
| |
Number of Shares
Beneficially Owned |
| |
Percent of
Class(1) |
| ||||||
Preston G. Athey
|
| | | | 1,368 | | | | | | * | | |
Jeanette Bankes
|
| | | | 186 | | | | | | * | | |
David A. Battat(2)
|
| | | | 94,900(3) | | | | | | 5.39% | | |
Emile A. Battat(4)
|
| | | | 150,616(5) | | | | | | 8.56% | | |
Cindy Ferguson
|
| | | | 118 | | | | | | * | | |
Hugh J. Morgan, Jr.
|
| | | | 10,348 | | | | | | * | | |
Ronald N. Spaulding
|
| | | | 2,678(6) | | | | | | * | | |
Jeffery Strickland
|
| | | | 749(8) | | | | | | * | | |
John P. Stupp, Jr.
|
| | | | 141,394(7) | | | | | | 8.03% | | |
BlackRock, Inc.(9)
|
| | | | 115,446 | | | | | | 6.56% | | |
Kayne Anderson Rudnick Investment Management, LLC(10)
|
| | | | 194,800 | | | | | | 11.07% | | |
Neuberger Berman Group LLC(11)
|
| | | | 183,012 | | | | | | 10.40% | | |
T. Rowe Price Investment Management, Inc.(12)
|
| | | | 115,477 | | | | | | 6.56% | | |
All directors and current executive officers as a group (8 persons)(13)
|
| | | | 401,608 | | | | | | 22.82% | | |
Reconciliation To GAAP Information
($ in thousands) |
| |
Year Ended 12/31/2023
|
| |||||||||
|
Amount
|
| |
Margin
|
| ||||||||
Net Income (GAAP)
|
| | | $ | 19,411 | | | | | | 11.5% | | |
Interest and Dividend Income
|
| | |
|
(806)
|
| | | | | | | |
Interest Expense
|
| | |
|
149
|
| | | | | | | |
Provision for Income Taxes
|
| | |
|
2,964
|
| | | | | | | |
Depreciation and Amortization
|
| | |
|
15,098
|
| | | | | | | |
EBITDA (Non-GAAP)
|
| | | | 36,816 | | | | | | 21.7% | | |
Revenue (GAAP)
|
| | | $ | 169,326 | | | | | | | | |