Companies Voxx International Corp
Voxx International (VOXX): executive pay, fiscal 2024
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CEO pay, last three years
- $1,726,147FY2022
- $1,027,332FY2023
- $1,291,672FY2024
CEO total pay was $1,291,672 in fiscal 2024, up from $1,027,332 in fiscal 2023.
FY2024: salary $1,000,000 · bonus $0 · stock awards $250,000 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
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 |
|---|---|---|---|---|---|---|---|---|
| Patrick Lavelle | $1,000,000 | $0 | $250,000 | $0 | $0 | $0 | $41,672 | $1,291,672 |
| Chief Executive Officer | ||||||||
| T. Paul Jacobs | 500,000 | 0 | 46,562 | 0 | 101,099 | 0 | 23,118 | 670,779 |
| President and Chief Executive Officer, Premium Audio Company, LLC | ||||||||
| Loriann Shelton | 450,000 | 0 | 130,362 | 0 | 0 | 58,436 | 28,529 | 667,327 |
| Senior Vice President and Chief Operating Officer | ||||||||
| Charles Stoehr | 400,000 | 0 | 25,516 | 0 | 0 | 0 | 32,854 | 458,370 |
| Senior Vice President and Chief Financial Officer | ||||||||
| Ian Geise | 337,000 | 0 | 27,049 | 0 | 0 | 0 | 17,602 | 381,651 |
| President, VOXX Accessories Corp. | ||||||||
| John Shalam | 0 | 0 | 26,565 | 0 | 0 | 0 | 12,611 | 39,176 |
| Chair of the Board | ||||||||
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 | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Patrick Lavelle | $1,291,672 | $1,027,332 | $1,726,147 | ↑ +264,340 |
| T. Paul Jacobs | 670,779 | 565,482 | 1,136,246 | ↑ +105,297 |
| Loriann Shelton | 667,327 | 533,326 | 935,088 | ↑ +134,001 |
| Charles Stoehr | 458,370 | 485,964 | 797,332 | ↓ −27,594 |
| Ian Geise | 381,651 | 362,140 | 449,035 | ↑ +19,511 |
| John Shalam | 39,176 | 546,380 | 1,332,184 | ↓ −507,204 |
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
The Committee has designed the Company's compensation program to promote individual performance and to be competitive with market practices in order to attract, retain, and motivate talented individuals in the Company's industries, taking into account relative size, performance, and geographic location, as well as individual responsibilities and performance.
| 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 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Charles Stoehr | PSU | 17,572 | — | $191,494 |
| T. Paul Jacobs | PSU | 19,045 | — | 194,534 |
| Loriann Shelton | PSU | 19,973 | — | 217,283 |
| John Shalam | PSU | 30,301 | — | 341,065 |
| Ian Geise | PSU | 55,600 | — | 383,531 |
Director compensation
No director compensation table is on file for fiscal year 2024.
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $5,000 |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 10,000 / 10,000 |
| Stock ownership guideline | — |
Peer group, and who names Voxx International as a peer
Companies that benchmark against VOXX
2 companies name VOXX as a compensation peer
- MOTORCAR PARTS OF AMERICA INCMPAAFY2026
- UNIVERSAL ELECTRONICS INCUEICFY2025
Each company listed discloses VOXX 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 VOXX 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 | Voxx International Corp | 2024 | Patrick Lavelle | $1,000,000 | $250,000 | $0 | $0 | $1,291,672 |
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 |
|---|---|---|---|---|---|---|
| 2023 | 2023-07-20 | 30,712,741 | 186,057 | 64,505 | 99.4% | Passed |
| 2020 | 2020-08-17 | 32,114,597 | 6,592,945 | 24,554 | 82.91% | Passed |
| 2017 | 2017-07-20 | 29,735,162 | 7,992,895 | 51,882 | 78.81% | 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 |
|---|---|---|
| 2023 | 2023-07-20 | 99.4%a |
| 2020 | 2020-08-17 | 82.91%b |
| 2017 | 2017-07-20 | 78.81%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “Abstentions will be counted toward the tabulation of votes cast on the proposal and will have the same effect as "Against" votes.”.
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) | 19 : 1 |
|---|---|
| CEO total compensation | $1,027,332 |
| Median employee compensation | $53,827 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Steven R. Downing | Director | 2024-08-23 | A | 3,152,500 | $5 | $15,762,500 | Common, indirect | Form 4 ↗ |
| Patrick Lavelle | Director | 2025-01-10 | A | 5,672 | 7 | 41,973 | Common | Form 4 ↗ |
| Loriann Shelton | Sr. Vice President, CFO, COO | 2025-01-10 | A | 1,991 | 7 | 14,733 | Common | Form 4 ↗ |
| Dividend-equivalent accruals | 2025-03-24 | — | 3,000 | — | — | 2 insiders, 2 accrual rows | ||
| John Shalam | Director | 2025-03-24 | A | 3,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Patrick Lavelle | Director | 2025-03-24 | A | 6,667 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| T. Paul Jacobs | President & CEO, Klipsch Group | 2025-03-24 | A | 6,003 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Loriann Shelton | Sr. Vice President, CFO, COO | 2025-03-24 | A | 3,667 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Denise W. Gibson | Director | 2025-04-01 | D | 32,100 | 8 | 240,750 | Common | Form 4 ↗ |
| John Adamovich Jr | Director | 2025-04-01 | D | 10,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Adamovich Jr | Director | 2025-04-01 | D | 13,000 | 8 | 97,500 | Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 165,132 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 1,915,373 | 8 | 14,365,298 | Common | Form 4 ↗ |
| Charles Stoehr | Sr. Vice President & Treasurer | 2025-04-01 | D | 93,654 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Beat Kahli | Director | 2025-04-01 | D | 20,000 | 8 | 150,000 | Common | Form 4 ↗ |
| T. Paul Jacobs | President & CEO, Klipsch Group | 2025-04-01 | D | 134,557 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Loriann Shelton | Sr. Vice President, CFO, COO | 2025-04-01 | D | 106,348 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Loriann Shelton | Sr. Vice President, CFO, COO | 2025-04-01 | D | 26,948 | 8 | 202,110 | Common | Form 4 ↗ |
| Patrick Lavelle | Director | 2025-04-01 | D | 220,854 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Edward David Mas | President VOXX Automotive Corp | 2025-04-01 | D | 36,027 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 38,934 | 8 | 292,005 | Derivative, Class A Common | Form 4 ↗ |
| Denise W. Gibson | Director | 2025-04-01 | D | 10,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 10,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 19,057 | 8 | 142,928 | Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 1,915,373 | 8 | 14,365,298 | Common | Form 4 ↗ |
| Steven R. Downing | Director | 2025-04-01 | D | 6,463,808 | 0 | 0 | Common, indirect | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 2,144,152 | 8 | 16,081,140 | Derivative, Class A Common | Form 4 ↗ |
| Charles Stoehr | Sr. Vice President & Treasurer | 2025-04-01 | D | 13,673 | 8 | 102,548 | Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 2,144,152 | 8 | 16,081,140 | Derivative, Class A Common | Form 4 ↗ |
| Patrick Lavelle | Director | 2025-04-01 | D | 609,744 | 8 | 4,573,080 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
View all 31 transactions
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Steven R. Downing | Director | 2024-08-23 | A | 3,152,500 | $5 | $15,762,500 | Common, indirect | Form 4 ↗ |
| Patrick Lavelle | Director | 2025-01-10 | A | 5,672 | 7 | 41,973 | Common | Form 4 ↗ |
| Loriann Shelton | Sr. Vice President, CFO, COO | 2025-01-10 | A | 1,991 | 7 | 14,733 | Common | Form 4 ↗ |
| Charles Stoehr | Sr. Vice President & Treasurer | 2025-03-24 | A | 1,167 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-03-24 | A | 3,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Patrick Lavelle | Director | 2025-03-24 | A | 6,667 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Edward David Mas | President VOXX Automotive Corp | 2025-03-24 | A | 1,833 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| T. Paul Jacobs | President & CEO, Klipsch Group | 2025-03-24 | A | 6,003 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Loriann Shelton | Sr. Vice President, CFO, COO | 2025-03-24 | A | 3,667 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Denise W. Gibson | Director | 2025-04-01 | D | 32,100 | 8 | 240,750 | Common | Form 4 ↗ |
| John Adamovich Jr | Director | 2025-04-01 | D | 10,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Adamovich Jr | Director | 2025-04-01 | D | 13,000 | 8 | 97,500 | Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 165,132 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 1,915,373 | 8 | 14,365,298 | Common | Form 4 ↗ |
| Charles Stoehr | Sr. Vice President & Treasurer | 2025-04-01 | D | 93,654 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Beat Kahli | Director | 2025-04-01 | D | 20,000 | 8 | 150,000 | Common | Form 4 ↗ |
| T. Paul Jacobs | President & CEO, Klipsch Group | 2025-04-01 | D | 134,557 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Loriann Shelton | Sr. Vice President, CFO, COO | 2025-04-01 | D | 106,348 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Loriann Shelton | Sr. Vice President, CFO, COO | 2025-04-01 | D | 26,948 | 8 | 202,110 | Common | Form 4 ↗ |
| Patrick Lavelle | Director | 2025-04-01 | D | 220,854 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Edward David Mas | President VOXX Automotive Corp | 2025-04-01 | D | 36,027 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 38,934 | 8 | 292,005 | Derivative, Class A Common | Form 4 ↗ |
| Denise W. Gibson | Director | 2025-04-01 | D | 10,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 10,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 19,057 | 8 | 142,928 | Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 1,915,373 | 8 | 14,365,298 | Common | Form 4 ↗ |
| Steven R. Downing | Director | 2025-04-01 | D | 6,463,808 | 0 | 0 | Common, indirect | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 2,144,152 | 8 | 16,081,140 | Derivative, Class A Common | Form 4 ↗ |
| Charles Stoehr | Sr. Vice President & Treasurer | 2025-04-01 | D | 13,673 | 8 | 102,548 | Common | Form 4 ↗ |
| John Shalam | Director | 2025-04-01 | D | 2,144,152 | 8 | 16,081,140 | Derivative, Class A Common | Form 4 ↗ |
| Patrick Lavelle | Director | 2025-04-01 | D | 609,744 | 8 | 4,573,080 | Common | Form 4 ↗ |
Sources (43 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, Patrick Lavelle. DEF 14A, filed 2024-06-10. Section “Fiscal 2024 Summary Compensation Table” · page 35. As printed: 1,291,672. View filing ↗
- Section 01, T. Paul Jacobs. DEF 14A, filed 2024-06-10. Section “Fiscal 2024 Summary Compensation Table”. As printed: 670,779. View filing ↗
- Section 01, Loriann Shelton. DEF 14A, filed 2024-06-10. Section “Fiscal 2024 Summary Compensation Table”. As printed: 667,327. View filing ↗
- Section 01, Charles Stoehr. DEF 14A, filed 2024-06-10. Section “Fiscal 2024 Summary Compensation Table”. As printed: 458,370. View filing ↗
- Section 01, Ian Geise. DEF 14A, filed 2024-06-10. Section “Fiscal 2024 Summary Compensation Table”. As printed: 381,651. View filing ↗
- Section 01, John Shalam. DEF 14A, filed 2024-06-10. Section “Fiscal 2024 Summary Compensation Table”. As printed: 39,176. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2023-06-08. Section “CEO Pay Ratio”. As printed: 19 : 1. View filing ↗
- Section 02, Steven R. Downing 2024-08-23. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Patrick Lavelle 2025-01-10. Form 4, filed 2025-01-13. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Loriann Shelton 2025-01-10. Form 4, filed 2025-01-13. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charles Stoehr 2025-03-24. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-03-24. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Patrick Lavelle 2025-03-24. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward David Mas 2025-03-24. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, T. Paul Jacobs 2025-03-24. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Loriann Shelton 2025-03-24. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Denise W. Gibson 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Adamovich Jr 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Adamovich Jr 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charles Stoehr 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Beat Kahli 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, T. Paul Jacobs 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Loriann Shelton 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Loriann Shelton 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Patrick Lavelle 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward David Mas 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Denise W. Gibson 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven R. Downing 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charles Stoehr 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Shalam 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Patrick Lavelle 2025-04-01. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-07-26. Item 5.07 · say-on-pay result. As reported: 99.4% (votes for as printed: 30,712,741). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-08-20. Item 5.07 · say-on-pay result. As reported: 82.91%. View filing ↗
- Section 06, 2017 vote. Form 8-K, filed 2017-07-25. Item 5.07 · say-on-pay result. As reported: 78.81%. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Voxx International Corp (subject), Section 10b CEO total. DEF 14A, filed 2024-06-10. CEO total compensation as printed in Voxx International Corp's own proxy. As printed: 1,291,672. View filing ↗