Insteel Industries raises salaries and CEO incentives for executives

INSTEEL INDUSTRIES INC

CEO H.O. Woltz III salary raised to $700,000 (from $675,000); CFO Carano to $370,000 (from $345,000).
COO Wagner salary to $370,000; VP Petelle to $275,000; VP York to $270,000.
CEO's annual incentive target increased from 70% to 100% of base salary.
CEO's long-term equity grant target raised to $650K for FY2022 and $700K for subsequent years.
Changes effective June 29, 2022.

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