---
schema_version: "secwatch.filing_event.v1"
accession: "0000719733-22-000045"
form_type: "8-K"
ticker: "KTCC"
cik: "0000719733"
company_name: "KEY TRONIC CORP"
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:36:50.635815+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000719733-22-000045
- form_type: 8-K
- ticker: KTCC
- cik: 0000719733
- company_name: KEY TRONIC CORP
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719733/000071973322000045/0000719733-22-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719733/000071973322000045/a8-k2022lticp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000719733-22-000045
- JSON: https://secwatch.observer/filing/0000719733-22-000045.json
- Plain text: https://secwatch.observer/filing/0000719733-22-000045.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.