Companies UTAH MEDICAL PRODUCTS INC
UTAH MEDICAL PRODUCTS (UTMD): executive pay, fiscal 2025
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CEO pay, last three years
- $510,570FY2023
- $455,080FY2024
- $341,709FY2025
CEO total pay was $341,709 in fiscal 2025, down from $455,080 in fiscal 2024.
FY2025: salary $87,000 · bonus $0 · stock awards $0 · option awards $0
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Executives and directors
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Kevin Cornwell | $87,000 | $0 | $0 | $0 | $246,750 | $0 | $7,959 | $341,709 |
| Chairman & CEO | ||||||||
| Brian Koopman | 153,247 | 0 | 0 | 8,368 | 12,009 | 0 | 5,453 | 179,077 |
| Principal Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Kevin Cornwell | $341,709 | $455,080 | $510,570 | ↓ −113,371 |
| Brian Koopman | 179,077 | 167,793 | 165,319 | ↑ +11,284 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
UTMD has developed and implemented compensation policies, plans and programs that seek to enhance the long-term profitability, EBITDA, EPS growth and return on stockholders’ equity (ROE) of the Company, and thus stockholder value, by aligning closely the financial interests of the Company’s senior management and other key employees with those of its stockholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Brian Koopman | Option | 187 | 82.6 | — |
| Brian Koopman | Option | 219 | 77.07 | — |
| Brian Koopman | Option | 344 | 64.09 | — |
| Brian Koopman | Option | 500 | 58.1 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kevin C. TimkenIndependent · Executive · Compensation · Audit · Newly elected | $5,100 | $0 | $178,661 | — | $0 | $183,761 |
| Ernst G. HoyerIndependent · Lead Independent Director · Audit (Chair) · Executive · Governance and Nominating · Compensation | 39,000 | 0 | 0 | — | 0 | 39,000 |
| Paul O. RichinsIndependent · Audit · Governance and Nominating | 30,600 | 0 | 0 | — | 0 | 30,600 |
| James H. BeesonIndependent · Audit · Governance and Nominating | 30,600 | 0 | 0 | — | 0 | 30,600 |
| Carrie LeighNot independent | 30,600 | 0 | 0 | — | 0 | 30,600 |
| Barbara PayneNot independent · Departed during FY | 10,200 | 0 | 0 | — | 0 | 10,200 |
| Kevin L. CornwellEmployee director · Executive Committee | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $30,600 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 4,200 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $146,100 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $146,100 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names UTAH MEDICAL PRODUCTS as a peer
Companies that benchmark against UTMD
1 company names UTMD as a compensation peer
- SERA PROGNOSTICS, INC.SERAFY2025
Each company listed discloses UTMD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named UTMD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | UTAH MEDICAL PRODUCTS INC | 2025 | Kevin Cornwell | $87,000 | $0 | $0 | $246,750 | $341,709 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-01 | 2,354,919 | 38,451 | 7,603 | 98.39% | Passed |
| 2025 | 2025-05-02 | 2,383,762 | 39,327 | 4,985 | 98.38% | Passed |
| 2024 | 2024-05-03 | 2,662,106 | 72,899 | 6,064 | 97.33% | Passed |
| 2023 | 2023-05-05 | 2,719,953 | 72,499 | 4,781 | 97.4% | Passed |
| 2022 | 2022-05-06 | 2,745,809 | 19,901 | 3,526 | 99.28% | Passed |
| 2021 | 2021-05-07 | 2,827,223 | 41,228 | 10,002 | 98.56% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-01 | 98.39%a |
| 2025 | 2025-05-02 | 98.38%b |
| 2024 | 2024-05-03 | 97.33%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 8 : 1 |
|---|---|
| CEO total compensation | $341,709 |
| Median employee compensation | $43,500 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (16 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Kevin Cornwell. DEF 14A, filed 2026-04-02. Section “2025 Summary Compensation Table” · page 6. As printed: 341,709. View filing ↗
- Section 01, Brian Koopman. DEF 14A, filed 2026-04-02. Section “2025 Summary Compensation Table” · page 6. As printed: 179,077. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-02. Section “CEO Pay Ratio”. As printed: 8 : 1. View filing ↗
- Section 08, Kevin C. Timken. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 183,761. View filing ↗
- Section 08, Ernst G. Hoyer. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 39,000. View filing ↗
- Section 08, Paul O. Richins. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 30,600. View filing ↗
- Section 08, James H. Beeson. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 30,600. View filing ↗
- Section 08, Carrie Leigh. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 30,600. View filing ↗
- Section 08, Barbara Payne. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 10,200. View filing ↗
- Section 08, Kevin L. Cornwell. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-04. Item 5.07 · say-on-pay result. As reported: 98.39% (votes for as printed: 2,354,919). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-05. Item 5.07 · say-on-pay result. As reported: 98.38% (votes for as printed: 2,383,762). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-06. Item 5.07 · say-on-pay result. As reported: 97.33% (votes for as printed: 2,662,106). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 146,100 + equity 0 + all other 0 = 146,100, summed across the director compensation table rows.
- UTAH MEDICAL PRODUCTS INC (subject), Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in UTAH MEDICAL PRODUCTS INC's own proxy. As printed: 341,709. View filing ↗