secwatch.observer — SEC 8-K summary
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Issuer:     LSI INDUSTRIES INC (LYTS)
CIK:        0000763532
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001437749-22-021184
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

LSI Industries adopts FY2023 LTIP and STIP with specific RSU/PSU grants to NEOs
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- CEO James Clark receives 63,768 RSUs and 95,652 PSUs; LTIP target 157% of salary.
- CFO James Galeese receives 20,290 RSUs and 30,435 PSUs; LTIP target 91% of salary.
- PSUs vest based on cumulative Adjusted EBITDA and RONA targets over 3-year cycle through June 2025.
- STIP awards cash bonuses up to 150% of target based on FY2023 Adjusted EBITDA (80%) and Net Sales (20%).
- Executive STIP bonus targets: CEO 80%, CFO 50%, other NEOs 40-50% of base salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763532/000143774922021184/0001437749-22-021184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763532/000143774922021184/lyts20220819_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-021184

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer