---
schema_version: "secwatch.filing_event.v1"
accession: "0000719733-23-000025"
form_type: "8-K"
ticker: "KTCC"
cik: "0000719733"
company_name: "KEY TRONIC CORP"
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T08:06:41.288314+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Key Tronic sets FY2024 incentive plan; raises CFO salary; awards long-term targets up to $2.4M for CEO

## Summary
- FY2024 incentive plan: CEO potential payout 10%-150% of base salary based on profit goals; minimum profit required.
- CFO Brett Larsen's salary increased from $17,739 to $23,509 bi-weekly; Hochberg to $14,039.
- FY2024-2026 long-term incentive targets: CEO $1.2M, CFO $750K, EVP $450K; directors $75K each.
- Payouts range from $0 to 150% of target based on sales growth vs industry and ROIC performance.

## SEC filing metadata
- accession: 0000719733-23-000025
- form_type: 8-K
- ticker: KTCC
- cik: 0000719733
- company_name: KEY TRONIC CORP
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719733/000071973323000025/0000719733-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719733/000071973323000025/ktcc-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000719733-23-000025
- JSON: https://secwatch.observer/filing/0000719733-23-000025.json
- Plain text: https://secwatch.observer/filing/0000719733-23-000025.txt

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