Key Tronic raises CEO/CFO salaries, sets FY2023 bonus targets, long-term incentive up to $1.2M

KEY TRONIC CORP

CEO Craig Gates bi-weekly salary increased from $31,306 to $33,810; CFO Brett Larsen from $16,735 to $17,739, effective July 29, 2022.
FY2023 incentive plan: CEO bonus range 10-150% of base salary based on profit goal performance tiers (entry/expected/overachievement).
Long-term incentive plan FY2023-2025: CEO target $1.2M, CFO $570k, exec VP $450k, based on sales growth vs. industry and ROIC.
Stock appreciation rights granted: CEO 25,000 SARS, CFO 11,250, exec VP 10,000, directors 3,750 each; vest tied to ROIC relative to peers.

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