---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-024405"
form_type: "8-K"
ticker: "LYTS"
cik: "0000763532"
company_name: "LSI INDUSTRIES INC"
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:52:24.605420+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# LSI Industries adopts FY2024 LTIP and STIP for named executives with EBITDA and RONA targets

## Summary
- CEO Clark gets RSUs of 47,022 and PSUs of 70,533; EVP & CFO Galeese gets 16,928 RSUs and 25,392 PSUs.
- LTIP PSUs vest based 50% on cumulative Adjusted EBITDA and 50% on RONA over 3-year cycle ending June 2026.
- STIP cash bonuses tied 80% to Adjusted EBITDA and 20% to Net Sales for FY2024; CEO target is 80% of salary.
- Payout for both plans ranges from 0% at threshold to 200% for exceeding targets, with interpolation.
- RSUs vest annually over 3 years; PSUs convert to time-based RSUs at target upon change in control.

## SEC filing metadata
- accession: 0001437749-23-024405
- form_type: 8-K
- ticker: LYTS
- cik: 0000763532
- company_name: LSI INDUSTRIES INC
- filed_at: 2023-08-22T23:59:59+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/763532/000143774923024405/0001437749-23-024405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763532/000143774923024405/lyts20230821_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-024405
- JSON: https://secwatch.observer/filing/0001437749-23-024405.json
- Plain text: https://secwatch.observer/filing/0001437749-23-024405.txt

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