An update from Key Tronic ( (KTCC) ) is now available.
Key Tronic Corporation has set its fiscal 2025 incentive compensation plan, with bonuses tied to profit goals at three levels: entry, expected, and overachievement. Executives, including the CEO, CFO, and EVP of Customer Relations, stand to earn up to 150% of their base salary if they surpass the highest performance targets. Additionally, they’ve approved a salary increase for EVP Philip S. Hochberg and outlined long-term incentives for 2025-2027 based on sales growth and return on invested capital. Cash payouts and restricted stock units, vesting over three years, are also part of the reward structure, contingent on meeting or exceeding EBITDA thresholds.
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