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Get filing alertsGraham Corp raises CEO salary to $600K, CFO to $400K with higher incentive targets
Filed March 30, 2026 · Period ending March 24, 2026 · ~1 min read
Key Changes
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CEO Matthew Malone's base salary increased to $600,000 annually, with long-term equity incentive target raised to 200% of base salary ($1.2M target value) for fiscal 2027.
Item 5.02 verify on EDGAR → -
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CFO Christopher Thome's base salary increased to $400,000 annually, with cash bonus target raised to 70% of base salary ($280K target value) for fiscal 2027.
Item 5.02 verify on EDGAR →
Summary
Graham Corp's Compensation Committee approved salary increases and enhanced incentive compensation for its top two executives effective fiscal 2027. CEO Matthew Malone will earn a $600,000 base salary with a long-term incentive plan target of 200% of salary, while CFO Christopher Thome will earn $400,000 with a 70% cash bonus target. These changes represent a meaningful increase in executive compensation expense for the small-cap industrial equipment manufacturer.
Retail investors should view this as a routine compensation adjustment, though the timing and magnitude warrant attention. The increases suggest the board is working to retain key leadership, possibly in response to competitive market conditions or performance expectations. Watch for disclosure of actual fiscal 2027 performance metrics tied to these incentives in the next proxy statement, which will reveal what targets executives must hit to earn these awards.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Graham Corp increased base salaries for CEO and CFO and raised incentive targets for both executives effective fiscal 2027.
Added in current filing · verify on EDGAR → · paraphrased
Matthew J. Malone, the Company's President and Chief Executive Officer... Annual Base Salary $ 600,000
The CEO's annual base salary was increased to $600,000. This represents a compensation adjustment approved by the Compensation Committee on March 24, 2026.
Added in current filing · verify on EDGAR → · paraphrased
Christopher J. Thome, the Company's Vice President – Finance, Chief Financial Officer and Chief Accounting Officer... Annual Base Salary $ 400,000
The CFO's annual base salary was increased to $400,000. This compensation change was approved by the Compensation Committee on March 24, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify