Daniel J. Thoren
On June 15, 2026, Daniel J. Thoren notified Graham Corporation (the “Company”) of his intention to step down from his positions as the Company’s Executive Chairman and as a director, effective as of June 15, 2026.
Highest-materiality recent filing
Graham Corp shareholders elect 3 directors, approve say-on-pay and Deloitte ratification
James J. Barber elected with 8,130,840 for, 895,812 withheld; broker non-votes 1,029,837.
Graham Corp Q1 net sales record $71.3M (+29% YoY); backlog $557.2M; reaffirms FY27 guidance
Net sales $71.3M, up 29% YoY; net income $3.9M ($0.33 diluted EPS); adjusted EPS $0.49.
Graham Corporation posts slides for 2026 Investor Day; no specific updates disclosed
Company filed 8-K announcing availability of slides for 2026 Investor Day held June 18, 2026.
Graham Corp names Jonathan Painter Chairman as Daniel Thoren retires
Daniel J. Thoren resigned as Executive Chairman and director effective June 15, 2026; will serve as Strategic Advisor through June 2027 at $150k annual salary.
Graham reports record FY26 revenue $245.3M, up 17%; backlog $533M; guides FY27 rev $285-295M
Record Q4 revenue $67.1M (+13% YoY); full-year revenue $245.3M (+17% YoY).
Graham Corp sets FY2027 executive LTI awards; grants RSUs/PSUs to named officers
CEO Matthew Malone granted 6,036 RSUs + 12,072 PSUs (max); Exec Chairman Thoren 629 RSUs + 1,258 PSUs.
Graham Corp. announces $50M PIPE investment by T. Rowe Price at $83.36/share
T. Rowe Price accounts acquire 599,808 shares (5% of GHM) at $83.36 per share based on 20-day average closing price.
Graham Corp boosts CEO salary to $600k, CFO to $400k, raises LTIP and bonus targets
CEO Matthew J. Malone base salary increased to $600,000 for fiscal 2027.
Graham Corp announces VP/GM Alan Smith retirement; William Zmyndak, new CIO and CHRO appointed
Alan Smith, VP and GM of Graham Manufacturing, to retire effective April 1, 2026; will serve as advisor.
Graham Corp Q3 EPS $0.25 (+79% YoY); backlog record $515.6M; guidance raised
Revenue $56.7M (+21% YoY); net income $2.8M, diluted EPS $0.25 (+79% YoY).
Graham acquires FlackTek for $35M plus $25M earnout; adds advanced mixing platform
Base purchase price of $35M paid 85% cash/15% stock (75,818 shares); up to $25M performance-based earnout over 4 years.
Graham Corp appoints Mauro Gregorio to Compensation and Nominating Committees
Mauro Gregorio appointed to Compensation Committee effective November 4, 2025.
Graham Corp Q2 revenue up 23% to $66M; EPS $0.28; record backlog $500M; reaffirms FY guidance
Revenue $66.0M (+23% YoY); net income $3.09M ($0.28 diluted EPS); adjusted EBITDA $6.3M (9.5% margin).
Graham acquires Xdot Bearing assets; adds foil bearing tech for high-speed rotating machines
Acquired certain assets of Xdot Bearing Technologies, a foil bearing consulting and design firm.
Graham appoints Mauro Gregorio to Board of Directors effective Sept 1, 2025
Mauro Gregorio appointed to Graham's Board effective September 1, 2025, term expiring at 2026 annual meeting.
Graham Corp annual meeting: all director nominees elected, say-on-pay approved, auditor ratified
Three directors (Jaroslawsky, Malone, Painter) elected to 3-year terms; each received over 7.9M votes for.
Graham Q1 FY26 revenue $55.5M, EPS $0.42; orders $125.9M on defense wins; backlog $482.9M
Revenue $55.5M, up 11% YoY; net income $4.6M, up 55%; diluted EPS $0.42, up 56%.
Graham Corp. provides slides for Wells Fargo conference; no material new data in available excerpt
Slides furnished under Regulation FD for the June 12, 2025 Wells Fargo Industrials Conference.
Graham Corp Q4 rev +21% to $59.3M, Adj EBITDA $7.7M, guides FY2026 rev $225-235M
Q4 FY2025: Revenue $59.3M (+21% YoY); net income $4.4M ($0.40 EPS) vs $1.3M prior year.
Graham Corp approves FY2026 executive LTI grants and cash bonus program
FY2026 LTI: CEO Thoren awarded 1,588 RSUs + 3,176 max PSUs; COO Malone 7,622 RSUs + 15,244 PSUs; CFO Thome 3,299 + 6,598; VP Smith 2,591 + 5,182.
Graham Corp Q3 net sales $47.0M (+7.3%); adjusted EPS $0.18 (+38%); raises gross margin guidance
Net sales of $47.0M, up 7.3% YoY; gross margin expanded 260 bps to 24.8%.
Daniel J. Thoren transitions from CEO to Executive Chairman effective June 10, 2025; will remain as strategic advisor.
Record Q2 net sales $53.6M, +19% YoY; net income $3.3M ($0.30 diluted) vs $0.4M ($0.04) last year.
Graham Corp. stockholders elect Schnorr and Thoren as directors, ratify auditor
Lisa M. Schnorr elected with 5,258,330 votes for, 1,828,196 withheld.
Graham Corp Q1 revenue record $50M, net income up 12%, gross margin expands to 24.8%
Revenue $49.95M (+5% YoY); net income $2.97M (+12%); diluted EPS $0.27; adjusted EPS $0.33 (+18%).
Graham Corp amends FY2025 executive bonus plan; CEO target at 100% of base
CEO Daniel Thoren target bonus set at 100% of base salary; CFO Thome and VP Malone at 50%.
Graham Corp grants FY2025 LTI awards: CEO 16,628 RSUs + 33,256 PSUs; directors get 2,934 RSUs each
CEO Thoren receives 16,628 RSUs (3-year vest) and 33,256 PSUs (3-year performance vest) under FY2025 LTI program.
Graham reports record FY2024 revenue of $185.5M (+18%); guides FY2025 revenue $200-210M
Q4 revenue $49.1M (+14% YoY); gross margin 25.9% (up 930 bps); net income $1.3M vs. loss of $0.5M.
Annual base salary for President & CEO Daniel Thoren raised to $500,000.
Graham Corp Q3 sales up 10% to $43.8M; gross margin +660bps to 22.2%; record orders $123.3M
Net income $0.2M ($0.02 diluted EPS); adjusted net income $2.4M ($0.22 diluted EPS).
Graham Corp Q2 sales $45.1M (+18% YoY); net income $0.4M vs loss; adj. EBITDA $2.7M
Defense market sales up 69% to $25.1M; aftermarket sales to refining/petrochemical record $10.8M (+74%).
Graham Corp refinances debt with new $50M Wells Fargo revolver, lowers cost
New $50M senior secured revolver with Wells Fargo; $35M immediately available, $15M more subject to EBITDA and liquidity targets.
Graham Corp shareholders elect Barber & Stoner as directors; all proposals pass
James J. Barber, Ph.D. elected with 7,282,132 votes for; Troy A. Stoner with 7,508,790.
Graham Q1 revenue $47.6M (record), EPS $0.25; raises FY2024 guidance
Net sales $47.6M (record), up 32% YoY; net income $2.6M, diluted EPS $0.25 vs $0.06 prior year.
Graham Corp caps CEO PSU payout at 35,580 shares to comply with plan limit
Compensation Committee approved amendment on July 21, 2023, limiting CEO Danial J. Thoren's PSU vesting to 35,580 shares.
Graham Corp fiscal 2023 sales $157.1M (+28%), net income $367K; FY2024 revenue guidance $165-175M
Record annual sales $157.1M, up 28% YoY; net income $367K vs prior year loss of $8.8M.
Graham renews FY2024 executive LTIP and cash bonus plans with RSU/PSU grants
Compensation Committee approved RSU/PSU grants: CEO Thoren 18,265 RSUs/36,530 PSUs, CFO Thome 7,123/14,246, VP Malone 7,123/14,246.
Graham Corp raises salaries for CFO, two VPs to $312,000 each
Board approved annual base salary increase to $312,000 for Christopher Thome (CFO), Alan Smith (Graham Mfg GM), and Matthew Malone (Barber-Nichols GM).
Graham Corp awarded $5M vacuum system for geothermal/lithium project
Award value approximately $5M; revenue expected over next 12-18 months.
Graham Corp Q3 revenue $39.9M (+39% YoY); raises FY23 revenue guidance to $145-155M
Net income $368K ($0.03 diluted EPS) vs prior-year loss of $3.7M; adjusted EBITDA $2.2M.
Graham Q2 sales up 12% to $38.1M, record backlog $313M, reaffirms FY2023 guidance
Net loss $0.2M ($0.02 diluted loss); adjusted diluted EPS $0.03; adjusted EBITDA $1.5M vs $0.1M prior year.
Graham Corp CAO Jennifer Condame resigns for retirement; CFO Thome assumes CAO role
Jennifer Condame resigns as Chief Accounting Officer effective Aug 1, 2022; she is retiring and cited no disagreement.
Graham Q1 sales up 79% to $36.1M; EPS $0.06 vs ($0.31); backlog record $260.7M
Net income $0.7M ($0.06 diluted EPS) vs net loss $3.1M in prior year; adjusted EPS $0.12.
Q4 revenue $39.7M (+55% YoY); net loss $1.4M; adjusted EBITDA $0.4M (1% margin).
Graham Corp sets FY2023 executive cash bonus targets: CEO 100% base, CFO and VP 50% each
Target bonus for CEO Daniel Thoren is 100% of base salary; CFO Christopher Thome and VP Alan Smith each at 50%.
Preliminary FY2022 revenue in line with Feb 7 guidance: $120-$125M; adjusted EBITDA loss of $5M.
Graham Corp. grants RSUs/PSUs to executives, approves FY2022 cash bonuses
CEO Daniel Thoren: 24,420 RSUs and 48,840 PSUs granted under renewed LTI program.
Graham Corp amends credit agreement, waives covenants through Sept 2022, reduces line to $15M
Waived maximum total leverage ratio and fixed charge coverage requirements through September 30, 2022.
Cari L. Jaroslawsky (Eaton Mission Systems SVP/GM) and Troy A. Stoner (Argon ST CEO) appointed as directors effective March 23, 2022.
Graham appoints Christopher Thome as CFO; Jeffrey Glajch to retire April 15
Thome joins as VP-Finance & CFO effective April 4, 2022; initial base salary $290,000/year.
On June 15, 2026, Daniel J. Thoren notified Graham Corporation (the “Company”) of his intention to step down from his positions as the Company’s Executive Chairman and as a director, effective as of June 15, 2026.
Mr. Smith transitioned into the role of Strategic Advisor on an at-will basis through the Transition Period.
As previously disclosed, Alan Smith, effective April 1, 2026, retired from his position as Vice President and General Manager of Graham Manufacturing, and transitioned to an advisory role with the Company.
Pursuant to the Thoren Employment Agreement, Mr. Thoren will continue to serve as Chief Executive Officer of the Company through the close of business on June 9, 2025 after which Mr. Thoren will transition to Executive Chairman effective as of June 10, 2025.
Effective June 10, 2025, Mr. Malone shall be employed as the Company’s President and Chief Executive Officer (the “CEO Period”).
Pursuant to the Malone Employment Agreement, Mr. Malone will serve as President and Chief Operating Officer of the Company effective February 5, 2025 through the close of business on June 9, 2025 (the “COO Period”).
On July 27, 2022, Jennifer Condame notified Graham Corporation (the “Company”) that, in connection with her upcoming retirement, she is resigning as Chief Accounting Officer of the Company effective as of August 1, 2022.
On July 27, 2022, Christopher J. Thome, the Company’s Vice President - Finance, Chief Financial Officer and principal financial officer, was appointed Chief Accounting Officer and principal accounting officer effective as of August 1, 2022.
On March 23, 2022, the board of directors (the “Board”) of Graham Corporation (the “Company”) appointed Cari L. Jaroslawsky and Troy A. Stoner to the Board, effective immediately.
As of March 23, 2022, Jonathan W. Painter was appointed Chair of the Board.
On March 23, 2022, the board of directors (the “Board”) of Graham Corporation (the “Company”) appointed Cari L. Jaroslawsky and Troy A. Stoner to the Board, effective immediately.
On March 24, 2022, the Company announced the retirements of James J. Malvaso, Chair of the Board, and Gerard T. Mazurkiewicz, independent director and Chair of the Audit Committee, effective immediately.
Max materiality 0.80 · Median 0.55 · Most common event earnings