Companies VIRCO MFG CORPORATION
VIRCO MFG (VIRC): executive pay, fiscal 2026
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CEO pay, last three years
- $557,027FY2024
- $557,091FY2025
- $374,735FY2026
CEO total pay was $374,735 in fiscal 2026, down from $557,091 in fiscal 2025.
FY2026: salary $363,235 · 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 |
|---|---|---|---|---|---|---|---|---|
| Robert Virtue | $363,235 | $0 | $0 | $0 | $0 | $0 | $11,500 | $374,735 |
| Chairman of the Board and Chief Executive Officer | ||||||||
| Bassey Yau | 326,870 | 0 | 0 | 0 | 0 | 0 | 18,000 | 344,870 |
| Senior Vice President - Chief Financial Officer, Secretary and Treasurer | ||||||||
| Douglas Virtue | 329,490 | 0 | 0 | 0 | 0 | 0 | 10,786 | 340,276 |
| President | ||||||||
| Robert Dose | 156,840 | 0 | 0 | 0 | 0 | 0 | 6,000 | 162,840 |
| Chief Financial Officer (retired) | ||||||||
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 | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Robert Virtue | $374,735 | $557,091 | $557,027 | ↓ −182,356 |
| Bassey Yau | 344,870 | 438,880 | — | ↓ −94,010 |
| Douglas Virtue | 340,276 | 507,705 | 512,600 | ↓ −167,429 |
| Robert Dose | 162,840 | 515,755 | 515,177 | ↓ −352,915 |
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
In keeping with the entrepreneurial spirit of Virco founder Julian Virtue (1908-1991), Virco's executive compensation package is designed to be simple, frugal, inclusive of all salaried employees and contain substantial components, which are tied directly to shareholder returns.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | True |
| Anti-pledging | True |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Virtue | RSU | 84,124 | — | $498,856 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kathy Virtue YoungEmployee director | — | — | $0 | — | $340,141 | $340,141 |
| Agnieszka WinklerIndependent · Audit · Compensation (Chair) · Corporate Governance and Nominating | 100,000 | 50,000 | 0 | — | — | 150,000 |
| Robert R. LindIndependent · Lead Independent Director · Audit · Compensation · Corporate Governance and Nominating | 100,000 | 50,000 | 0 | — | — | 150,000 |
| Bradley RichardsonIndependent · Audit (Chair) · Compensation · Corporate Governance and Nominating | 89,583 | 50,000 | 0 | — | — | 139,583 |
| Craig L. LevraIndependent · Audit · Compensation · Corporate Governance and Nominating (Chair) | 96,875 | 37,500 | 0 | — | — | 134,375 |
| Robert A. VirtueEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Douglas A. VirtueEmployee director | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | 4x annualized cash retainer (4 x $75,000 = $300,000) |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $386,458 |
| Equity awards (grant-date value) | $187,500 |
| All other compensation | $340,141 |
| Total cost of the board | $914,099 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names VIRCO MFG as a peer
Companies that benchmark against VIRC
No companies currently name VIRC as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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 | VIRCO MFG CORPORATION | 2026 | Robert Virtue | $363,235 | $0 | $0 | $0 | $374,735 |
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 | 2026-06-16 | 11,187,154 | 21,680 | 19,201 | 99.81% | Passed |
| 2023 | 2023-06-20 | 8,223,877 | 970,313 | 4,280 | 89.45% | Passed |
| 2020 | 2020-06-16 | 8,719,663 | 1,478,624 | 61,528 | 85.5% | Passed |
| 2017 | 2017-06-20 | 9,253,477 | 759,992 | 1,631,571 | 92.41% | 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 | 2026-06-16 | 99.81%a |
| 2023 | 2023-06-20 | 89.45%b |
| 2020 | 2020-06-16 | 85.5%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the proposal.”.
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) | 2 : 1 |
|---|---|
| CEO total compensation | $374,735 |
| Median employee compensation | — |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (18 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, Robert Virtue. DEF 14A, filed 2026-05-04. Section “Summary Compensation Table”. As printed: 374,735. View filing ↗
- Section 01, Bassey Yau. DEF 14A, filed 2026-05-04. Section “Summary Compensation Table”. As printed: 344,870. View filing ↗
- Section 01, Douglas Virtue. DEF 14A, filed 2026-05-04. Section “Summary Compensation Table”. As printed: 340,276. View filing ↗
- Section 01, Robert Dose. DEF 14A, filed 2026-05-04. Section “Summary Compensation Table”. As printed: 162,840. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-05-04. Section “CEO Pay Ratio”. As printed: 2 : 1. View filing ↗
- Section 08, Kathy Virtue Young. DEF 14A, filed 2026-05-04. Section “Director Compensation”. As printed: 340,141. View filing ↗
- Section 08, Agnieszka Winkler. DEF 14A, filed 2026-05-04. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 08, Robert R. Lind. DEF 14A, filed 2026-05-04. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 08, Bradley Richardson. DEF 14A, filed 2026-05-04. Section “Director Compensation”. As printed: 139,583. View filing ↗
- Section 08, Craig L. Levra. DEF 14A, filed 2026-05-04. Section “Director Compensation”. As printed: 134,375. View filing ↗
- Section 08, Robert A. Virtue. DEF 14A, filed 2026-05-04. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Douglas A. Virtue. DEF 14A, filed 2026-05-04. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-17. Item 5.07 · say-on-pay result. As reported: 99.81% (votes for as printed: 11,187,154). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-06-22. Item 5.07 · say-on-pay result. As reported: 89.45% (votes for as printed: 8,223,877). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-06-17. Item 5.07 · say-on-pay result. As reported: 85.5%. 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 386,458 + equity 187,500 + all other 340,141 = 914,099, summed across the director compensation table rows.
- VIRCO MFG CORPORATION (subject), Section 10b CEO total. DEF 14A, filed 2026-05-04. CEO total compensation as printed in VIRCO MFG CORPORATION's own proxy. As printed: 374,735. View filing ↗