secwatch.observer — SEC 8-K summary
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Issuer:     LSI INDUSTRIES INC (LYTS)
CIK:        0000763532
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001437749-24-027206
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

LSI Industries adopts FY2025 LTIP and STIP; CEO Clark gets $1.5M target awards
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- LTIP grants: CEO Clark $1.5M target (40,214 RSUs, 60,322 PSUs); EVP/CFO Galeese $540k (14,477 RSUs, 21,716 PSUs).
- STIP bonus targets: CEO Clark 80% of base salary; Galeese and Caneris 50%.
- PSU performance based 50% on 3-year cumulative Adj. EBITDA and 50% on RONA; payout 0-200% of target.
- STIP performance: 80% Adj. EBITDA, 20% Net Sales for FY2025; same 0-200% payout interpolation.
- Awards require continuous employment; CIC triggers accelerated vesting for RSUs and conversion of PSUs to time-based RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763532/000143774924027206/0001437749-24-027206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763532/000143774924027206/lyts20240819_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027206

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