Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-06-26

Haynes International (HAYN)

Fiscal year 2023 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,610,143
Michael Shor total, FY2023
1st
CEO pay percentile vs peers
CEO-to-median pay ratio
98%
Say-on-pay support, latest vote
Companies that benchmark against HAYN
1 company names HAYN as a compensation peer

Each company listed discloses HAYN 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 HAYN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Shor$700,001$0$1,080,122$297,499$452,385$0$80,136$2,610,143
President & CEO
Daniel Maudlin349,9990301,74883,127183,782034,678953,334
VP of Finance & CFO
David Strobel325,000100,000221,22760,944157,527030,982895,680
VP of Operations
Marlin Losch III326,9990222,64661,314158,496029,613799,068
VP Sales and Distribution
Scott Pinkham310,0010211,05858,133125,214029,935734,341
VP Tube & Wire Products

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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Michael Shor$2,610,143$2,806,067−195,924
Daniel Maudlin953,3341,041,085−87,751
David Strobel895,680882,119+13,561
Marlin Losch III799,068882,572−83,504
Scott Pinkham734,341839,792−105,451

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michael ShorOption19,17722.64
Daniel MaudlinOption030.54
Scott PinkhamOption033.59
Michael ShorRSU9,130424,728
Marlin Losch IIIRSU2,937136,629
David StrobelPSU1,85050,200
Michael ShorOption11,90044.07
Daniel MaudlinOption4,05148.85
Scott PinkhamOption2,83348.85
David StrobelOption2,97048.85
David StrobelOption035.34
Daniel MaudlinOption033.98
Daniel MaudlinOption036.65
David StrobelOption030.54
David StrobelOption036.65
David StrobelOption037
Daniel MaudlinOption040.86
Michael ShorPSU9,130247,744
Michael ShorRSU9,135424,960
Daniel MaudlinOption3,30044.07
Daniel MaudlinOption033.59
Daniel MaudlinRSU4,134192,314
Michael ShorOption033.98
Daniel MaudlinPSU2,53068,652
Michael ShorOption14,49848.85
Michael ShorOption036.65
David StrobelOption033.59
Michael ShorOption037
Scott PinkhamPSU1,76047,758
Scott PinkhamOption037
David StrobelOption3,88222.64
David StrobelRSU3,040141,421
Marlin Losch IIIRSU1,85086,062
Michael ShorRSU15,018698,637
Marlin Losch IIIOption030.54
Marlin Losch IIIOption2,41344.07
Marlin Losch IIIOption2,98848.85
Daniel MaudlinOption046.72
Daniel MaudlinRSU2,530117,696
Daniel MaudlinOption037
Scott PinkhamRSU2,958137,606
Marlin Losch IIIPSU1,85050,200
Daniel MaudlinOption037.75
Scott PinkhamOption2,29344.07
Daniel MaudlinRSU2,552118,719
David StrobelRSU1,85086,062
Scott PinkhamRSU1,78583,038
Scott PinkhamRSU1,76081,875
Michael ShorOption030.54
Daniel MaudlinOption031.76
David StrobelOption033.98
David StrobelOption2,41344.07
Marlin Losch IIIOption033.59
Marlin Losch IIIOption036.65
Scott PinkhamOption3,77722.64
Marlin Losch IIIOption037
Marlin Losch IIIOption3,75122.64
Scott PinkhamOption033.98
Scott PinkhamOption036.65
Scott PinkhamOption030.54
Marlin Losch IIIRSU1,88387,597
David StrobelRSU1,87187,039
Michael ShorOption042.58
Michael ShorOption033.59
Daniel MaudlinOption5,27922.64
05

Incentive-plan design — the Compensation Discussion & Analysis

Pays competitively: Compensation levels are set so that they are in line with those of individuals holding comparable positions at other multinational corporations of similar size, value and complexity represented by our Comparator Group

CEO STI target (% of salary)80%
CEO LTI target (% of salary)
Independent consultantTotal Rewards Strategies
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-02-2211,016,686223,1111,65298%Passed
20222022-02-2211,136,172400,66612,12096.43%Passed
20212021-02-2310,930,13219,9196,62099.76%Passed
20202020-02-2510,872,056375,49119,34696.5%Passed
20192019-02-2710,785,507423,7491,37796.21%Passed
20182018-02-2811,296,004308,6694,93797.3%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 yearMeeting dateApproval — company's computation
20232023-02-2298%a
20222022-02-2296.43%b
20212021-02-2399.76%c

a. Approved under the standard stated in the filing — “Accordingly, abstentions applicable to shares represented at the meeting will have the same effect as votes against these proposals.”.

b. Approved under the standard stated in the filing — “Accordingly, abstentions applicable to shares represented at the meeting will have the same effect as votes against these proposals.”.

c. Approved under the standard stated in the filing — “Accordingly, abstentions applicable to shares represented at the meeting will have the same effect as votes against these proposals.”.

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.

08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
R. H. GetzIndependent · Board Chair · Compensation · Nominating/Governance · Strategic (Chair)$237,500$140,004$0$0$2,522$380,026
D. S. HicktonIndependent · Audit · Compensation (Chair) · Nominating/Governance · Strategic177,500114,993002,072294,565
D. C. CampionIndependent · Audit · Compensation · Not standing for re-election107,500114,993002,072224,565
L. O. SpencerIndependent · Compensation · Nominating/Governance (Chair)96,250114,993002,072213,315
B. R. SheltonIndependent · Audit (Chair) · Compensation · Strategic51,04171,48400924123,449
A. B. MasseIndependent · Audit · Nominating/Governance49,58371,48400924121,991
Michael L. ShorEmployee director000000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$115,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 12,500
Stock ownership guideline$300,000
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$719,374
Equity awards (grant-date value)$627,951
All other compensation$10,586
Total cost of the board$1,357,911

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2023

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Northwest Pipe CompanyAP Ampco-Pittsburgh CorporationMTRN Materion CorporationACNT Synalloy Corporation (now Ascent Industries Co.)CMT Core Molding Technologies, Inc.CTS CTS CorporationFSTR L.B. Foster CompanyUSAP Universal Stainless & Alloy Products, Inc.SRI Stoneridge, Inc. TimkenSteel CorporationMYE Myers Industries, Inc.LXU LSB Industries, Inc.CECO CECO Environmental Corp.TWI Titan International, Inc.IIIN Insteel Industries, Inc.DCO Ducommun IncorporatedCMCO Columbus McKinnon CorporationZEUS Olympic Steel, Inc.SKY Skyline Champion CorporationNNBR NN, Inc.CIR CIRCOR International, Inc.LNN Lindsay Corporation
10a

Peer reciprocity

Of the companies Haynes International names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Ampco-Pittsburgh Corporation (AP) Materion Corporation (MTRN)28 Synalloy Corporation (now Ascent Industries Co.) (ACNT) Core Molding Technologies, Inc. (CMT) CTS Corporation (CTS)29 L.B. Foster Company (FSTR) Universal Stainless & Alloy Products, Inc. (USAP) Stoneridge, Inc. (SRI)30 Myers Industries, Inc. (MYE) LSB Industries, Inc. (LXU) CECO Environmental Corp. (CECO)31 Titan International, Inc. (TWI) Insteel Industries, Inc. (IIIN)32 Ducommun Incorporated (DCO) Columbus McKinnon Corporation (CMCO)33 Olympic Steel, Inc. (ZEUS) Skyline Champion Corporation (SKY)34 NN, Inc. (NNBR) CIRCOR International, Inc. (CIR)35 Lindsay Corporation (LNN)36

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Haynes International.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Columbus McKinnon Corporation2026David Wilson$925,000$3,111,978$925,000$925,000$5,971,066
2Skyline Champion Corporation2026Tim Larson671,8753,712,15301,088,4345,485,676
3Lindsay Corporation2025Randy Wood837,7442,375,165749,9691,117,6985,095,625
4Materion Corporation2025Jugal Vijayvargiya982,6932,960,100779,92104,794,902
5CTS Corporation2025Kieran O'Sullivan856,3202,900,0490975,7804,758,899
6CIRCOR International, Inc.2021Scott Buckhout805,3853,410,115004,229,501
7Stoneridge, Inc.2025James Zizelman900,0002,256,6210405,0003,593,069
8Insteel Industries, Inc.2025H.o. Woltz III750,000562,506562,4891,500,0003,447,259
9CECO Environmental Corp.2024Todd Gleason717,3831,627,505289,575382,6563,051,771
10Haynes International2023Michael Shor700,0011,080,122297,499452,3852,610,143
Ampco-Pittsburgh Corporationnot in coverage universe
Synalloy Corporation (now Ascent Industries Co.)not in coverage universe
Core Molding Technologies, Inc.not in coverage universe
L.B. Foster Companynot in coverage universe
Universal Stainless & Alloy Products, Inc.not in coverage universe
Myers Industries, Inc.not in coverage universe
LSB Industries, Inc.not in coverage universe
Titan International, Inc.not in coverage universe
Ducommun Incorporatednot in coverage universe
Olympic Steel, Inc.not in coverage universe
NN, Inc.not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Haynes International64.6%PSU 37.5 · RSU 37.5 · Options 25Yes — Relative Total Shareholder Return (TSR)Total Rewards Strategies
Ampco-Pittsburgh Corporationnot disclosednot disclosednot disclosednot disclosed
CECO Environmental Corp.40%PSU 75 · Options 25NoMeridian Compensation Partners LLC
CIRCOR International, Inc.not disclosednot disclosedNoISS Corporate Solutions, Inc.
Columbus McKinnon Corporation100%PSU 50 · RSU 25 · Options 25NoMeridian Compensation Partners
Core Molding Technologies, Inc.not disclosednot disclosednot disclosednot disclosed
CTS Corporation112.8%not disclosedYes — Relative Total Shareholder Return (RTSR) ModifierExequity, LLP
Ducommun Incorporatednot disclosednot disclosednot disclosednot disclosed
Insteel Industries, Inc.200%RSU 50 · Options 50not disclosedPearl Meyer & Partners, LLC
L.B. Foster Companynot disclosednot disclosednot disclosednot disclosed
Lindsay Corporation132%PSU 50 · RSU 25 · Options 25YesMeridian Compensation Partners, LLC
LSB Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Materion Corporationnot disclosedPSU 75NoFrederic W. Cook & Co., Inc.
Myers Industries, Inc.not disclosednot disclosednot disclosednot disclosed
NN, Inc.not disclosednot disclosednot disclosednot disclosed
Olympic Steel, Inc.not disclosednot disclosednot disclosednot disclosed
Skyline Champion Corporation116.8%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (rTSR)Willis Towers Watson
Stoneridge, Inc.45%PSU 55 · RSU 45Yes — Total Shareholder Return (TSR)Meridian Compensation Partners
Synalloy Corporation (now Ascent Industries Co.)not disclosednot disclosednot disclosednot disclosed
Titan International, Inc.not disclosednot disclosednot disclosednot disclosed
Universal Stainless & Alloy Products, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael ShorDEF 14A2024-01-090001558370-24-000150Section “Summary Compensation Table”. As printed: 2,610,143. Filing ↗machine: t160 · r8 · c26 · span 700331–700340
2Section 01, Daniel MaudlinDEF 14A2024-01-090001558370-24-000150Section “Summary Compensation Table”. As printed: 953,334. Filing ↗machine: t160 · r11 · c26 · span 719900–719907
3Section 01, David StrobelDEF 14A2024-01-090001558370-24-000150Section “Summary Compensation Table”. As printed: 895,680. Filing ↗machine: t160 · r14 · c26 · span 738893–738900
4Section 01, Marlin Losch IIIDEF 14A2024-01-090001558370-24-000150Section “Summary Compensation Table”. As printed: 799,068. Filing ↗machine: t160 · r17 · c26 · span 759919–759926
5Section 01, Scott PinkhamDEF 14A2024-01-090001558370-24-000150Section “Summary Compensation Table”. As printed: 734,341. Filing ↗machine: t160 · r20 · c26 · span 780174–780181
6Section 08, R. H. GetzDEF 14A2024-01-090001558370-24-000150Section “Director Compensation”. As printed: 380,026. Filing ↗machine: t114 · r6 · c13 · span 405656–405663
7Section 08, D. S. HicktonDEF 14A2024-01-090001558370-24-000150Section “Director Compensation”. As printed: 294,565. Filing ↗machine: t114 · r7 · c13 · span 409215–409222
8Section 08, D. C. CampionDEF 14A2024-01-090001558370-24-000150Section “Director Compensation”. As printed: 224,565. Filing ↗machine: t114 · r5 · c13 · span 402232–402239
9Section 08, L. O. SpencerDEF 14A2024-01-090001558370-24-000150Section “Director Compensation”. As printed: 213,315. Filing ↗machine: t114 · r10 · c13 · span 419591–419598
10Section 08, B. R. SheltonDEF 14A2024-01-090001558370-24-000150Section “Director Compensation”. As printed: 123,449. Filing ↗machine: t114 · r9 · c13 · span 416178–416185
11Section 08, A. B. MasseDEF 14A2024-01-090001558370-24-000150Section “Director Compensation”. As printed: 121,991. Filing ↗machine: t114 · r8 · c13 · span 412623–412630
12Section 08, Michael L. ShorDEF 14A2024-01-090001558370-24-000150Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2023 voteForm 8-K2023-02-240001104659-23-025301Item 5.07 · say-on-pay result. As reported: 98% (votes for as printed: 11,016,686). Filing ↗
14Section 06, 2022 voteForm 8-K2022-02-240001104659-22-026596Item 5.07 · say-on-pay result. As reported: 96.43%. Filing ↗
15Section 06, 2021 voteForm 8-K2021-02-250001104659-21-028248Item 5.07 · say-on-pay result. As reported: 99.76%. Filing ↗
16Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
17Section 09b board cost (computed)ComputedcomputedCash 719,374 + equity 627,951 + all other 10,586 = 1,357,911, summed across the director compensation table rows.machine: formula: Σ = 1,357,911
18Columbus McKinnon Corporation, Section 10b CEO totalDEF 14A2026-06-260001005229-26-000032CEO total compensation as printed in Columbus McKinnon Corporation's own proxy. As printed: 5,971,066. Filing ↗machine: r4 · c24 · span 1007169–1007178
19Skyline Champion Corporation, Section 10b CEO totalDEF 14A2026-06-180001193125-26-275896CEO total compensation as printed in Skyline Champion Corporation's own proxy. As printed: 5,485,676. Filing ↗machine: r4 · c35 · span 596957–596966
20Lindsay Corporation, Section 10b CEO totalDEF 14A2025-11-210001193125-25-290521CEO total compensation as printed in Lindsay Corporation's own proxy. As printed: 5,095,625. Filing ↗machine: r3 · c26 · span 632813–632822
21Materion Corporation, Section 10b CEO totalDEF 14A2026-03-260001104657-26-000022CEO total compensation as printed in Materion Corporation's own proxy. As printed: 4,794,902. Filing ↗machine: r2 · c51 · span 477569–477578
22CTS Corporation, Section 10b CEO totalDEF 14A2026-04-020001193125-26-140010CEO total compensation as printed in CTS Corporation's own proxy. As printed: 4,758,899. Filing ↗
23CIRCOR International, Inc., Section 10b CEO totalDEF 14A2022-09-090001091883-22-000067CEO total compensation as printed in CIRCOR International, Inc.'s own proxy. As printed: 4,229,501. Filing ↗machine: r3 · c24 · span 629259–629269
24Stoneridge, Inc., Section 10b CEO totalDEF 14A2026-04-090001043337-26-000038CEO total compensation as printed in Stoneridge, Inc.'s own proxy. As printed: 3,593,069. Filing ↗machine: span 569049–569058
25Insteel Industries, Inc., Section 10b CEO totalDEF 14A2026-01-020001308179-26-000001CEO total compensation as printed in Insteel Industries, Inc.'s own proxy. As printed: 3,447,259. Filing ↗machine: t164 · r1 · c8 · span 469403–469412
26CECO Environmental Corp., Section 10b CEO totalDEF 14A2025-04-100001558370-25-004649CEO total compensation as printed in CECO Environmental Corp.'s own proxy. As printed: 3,051,771. Filing ↗machine: t106 · r5 · c17 · span 876582–876591
27Haynes International (subject), Section 10b CEO totalDEF 14A2024-01-090001558370-24-000150CEO total compensation as printed in Haynes International's own proxy. As printed: 2,610,143. Filing ↗machine: t160 · r8 · c26 · span 700331–700340
28Section 10a, Materion Corporation reciprocityDEF 14A0001104657-26-000022Materion Corporation's most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗
29Section 10a, CTS Corporation reciprocityDEF 14A0001193125-26-140010CTS Corporation's most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗
30Section 10a, Stoneridge, Inc. reciprocityDEF 14A0001043337-26-000038Stoneridge, Inc.'s most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗
31Section 10a, CECO Environmental Corp. reciprocityDEF 14A0001558370-25-004649CECO Environmental Corp.'s most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗
32Section 10a, Insteel Industries, Inc. reciprocityDEF 14A0001308179-26-000001Insteel Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗
33Section 10a, Columbus McKinnon Corporation reciprocityDEF 14A0001005229-26-000032Columbus McKinnon Corporation's most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗
34Section 10a, Skyline Champion Corporation reciprocityDEF 14A0001193125-26-275896Skyline Champion Corporation's most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗
35Section 10a, CIRCOR International, Inc. reciprocityDEF 14A0001091883-22-000067CIRCOR International, Inc.'s most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗
36Section 10a, Lindsay Corporation reciprocityDEF 14A0001193125-25-290521Lindsay Corporation's most recent proxy was read; its disclosed peer group does not include Haynes International. Filing ↗