Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-08-28

Intevac (IVAC)

CEO Nigel Hunton was paid $1,381,434 in fiscal year 2023, ↓ down 72.5% from fiscal year 2022, the 54th percentile of its disclosed peer group (SEC filing 0001193125-24-091334 ↗): 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.

$1,381,434 ↓
Nigel Hunton total, FY2023
54th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
98.34%
Say-on-pay support, latest vote

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01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Nigel Hunton$549,994$0$649,440$0$180,000$0$2,000$1,381,434
President and CEO
John Dickinson325,0000257,298025,00002,000609,298
VP of Operations
Kevin Soulsby184,1500103,500020,00002,000309,650
Interim CFO
James Moniz259,092000006,801265,893
Former CFO

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 FY2022→2023
Nigel Hunton$1,381,434$5,020,580—↓ −3,639,146
John Dickinson609,298710,737—↓ −101,439
Kevin Soulsby309,650———
James Moniz265,8931,409,258—↓ −1,143,365

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

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Companies that benchmark against IVAC
3 companies name IVAC as a compensation peer

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2023 total
David S. DuryChair of the Board$168,640
Dorothy D. HayesIndependent Director$124,040
Kevin D. BarberIndependent Director$121,540
Michele F. KleinIndependent Director$112,790
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Nigel HuntonDirector2025-01-07A160,000$0$0CommonForm 4 ↗
Cameron McAulayChief Financial Officer,2025-01-07A90,00000CommonForm 4 ↗
John DickinsonV.P. of Operations2025-01-07A50,00000CommonForm 4 ↗
Nigel HuntonDirector2025-01-19D30,4593106,302CommonForm 4 ↗
Nigel HuntonDirector2025-01-31A2,50037,475CommonForm 4 ↗
John DickinsonV.P. of Operations2025-02-15D76643,095CommonForm 4 ↗
Nigel HuntonDirector2025-02-15D3,147412,714CommonForm 4 ↗
Nigel HuntonDirector2025-03-31D284,702——CommonForm 4 ↗
John DickinsonChief Operating Officer2025-03-31D95,650——CommonForm 4 ↗
John DickinsonChief Operating Officer2025-03-31A95,65000CommonForm 4 ↗
David S. DuryDirector2025-03-31D212,000——CommonForm 4 ↗
Cameron McAulayChief Financial Officer2025-03-31D3,751——CommonForm 4 ↗
Nigel HuntonDirector2025-03-31D406,750——CommonForm 4 ↗
Nigel HuntonDirector2025-03-31A406,75000CommonForm 4 ↗
Nigel HuntonDirector2025-03-31D277,985——CommonForm 4 ↗
John DickinsonChief Operating Officer2025-03-31D113,581——CommonForm 4 ↗
David S. DuryDirector2025-03-31D12,000——CommonForm 4 ↗
Kevin D. BarberDirector2025-03-31D56,000——CommonForm 4 ↗
Dorothy D. HayesDirector2025-03-31D47,000——CommonForm 4 ↗
Michele F. KleinDirector2025-03-31D12,000——CommonForm 4 ↗
Michele F. KleinDirector2025-03-31D52,000——CommonForm 4 ↗
Ryan L. VardemanDirector2025-03-31D10,300——Derivative, Class A CommonForm 4 ↗
Ryan L. VardemanDirector2025-03-31D12,000——CommonForm 4 ↗
Eiji MiyanagaDirector2025-03-31D10,300——Derivative, Class A CommonForm 4 ↗
Eiji MiyanagaDirector2025-03-31D12,000——CommonForm 4 ↗
Cameron McAulayChief Financial Officer2025-03-31D135,000——CommonForm 4 ↗
Ryan L. VardemanDirector2025-03-31D1,053,924——Common, indirectForm 4 ↗
Cameron McAulayChief Financial Officer2025-03-31A135,00000CommonForm 4 ↗
Cameron McAulayChief Financial Officer2025-03-31D138,000——CommonForm 4 ↗
John DickinsonChief Operating Officer2025-03-31D50,101——CommonForm 4 ↗
Kevin D. BarberDirector2025-03-31D12,000——CommonForm 4 ↗
Dorothy D. HayesDirector2025-03-31D12,000——CommonForm 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.

05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation structure is designed to attract, retain, motivate, and reward high-performing executives. Provide a total compensation opportunity that is competitive with our peer group, but that also considers the need to compete for talent with much larger equipment and imaging companies.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)—
Independent consultantAon Human Capital Solutions
Clawback policytrue
Anti-hedging—
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-1520,915,733286,19567,39198.34%Passed
20232023-05-1710,767,9024,338,7993,351,43158.34%Passed
20222022-05-1815,271,2532,631,683115,42084.75%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
20242024-05-1598.34%a
20232023-05-1758.34%b
20222022-05-1884.75%c

a. Approved under the standard stated in the filing — “For each of the other proposals, abstentions have the same effect as “AGAINST” votes.”.

b. Approved under the standard stated in the filing — “For each of the other proposals, abstentions have the same effect as “AGAINST” votes.”.

c. Approved under the standard stated in the filing — “For each of the other proposals, abstentions have the same effect as “AGAINST” votes.”.

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
David S. DuryIndependent · Board Chair · Human Capital (Chair) · Audit$85,000$83,640$0$0$0$168,640
Dorothy D. HayesIndependent · Audit (Chair)65,00059,040000124,040
Kevin D. BarberIndependent · Audit62,50059,040000121,540
Michele F. KleinIndependent · Human Capital · Nominating and Governance53,75059,040000112,790
Nigel D. HuntonEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 7,500
Stock ownership guideline$135,000
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$266,250
Equity awards (grant-date value)$260,760
All other compensation$0
Total cost of the board$527,010

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.

10a

Peer reciprocity

Of the companies Intevac 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.

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 Intevac.

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
1Immersion Corporation2026Eric Singer$1,137,880$1,923,000$0$395,000$5,066,691
2Everspin Technologies Inc.2025Sanjeev Aggarwal450,0001,584,0000551,4542,586,384
3Kopin Corporation2025Michael Murray506,191600,692575,990463,3742,257,423
4GSI Technology2026Lee-Lean Shu302,33901,639,50047,9311,989,770
5AXT Inc.2025Morris Young479,000983,4820172,9001,673,404
6CyberOptics Corporation2021Subodh Kulkarni424,500193,050208,513587,0001,422,279
7Intevac2023Nigel Hunton549,994649,4400180,0001,381,434
8AstroNova, Inc.2024Gregory Woods472,563688,871098,0961,286,106
9EMCORE Corporation2023Jeffrey Rittichier500,000686,190001,210,046
10QuickLogic Corporation2025Brian Faith468,000377,495001,196,495
11In TEST Corporation2025Richard Grant428,915400,003210,65554,6871,099,010
12Pixelworks Inc.2025Todd DeBonis473,025436,56200909,587
13Amtech Systems, Inc.2025Robert C. Daigle450,0000259,4100723,580
14Sono-Tek2026R. Stephen Harshbarger274,000060,0000408,100
15Park Aerospace Corp.2026Brian Shore220,5750104,4000331,592
—eMagin——————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
Intevac32.7%PSU 60 · RSU 40NoAon Human Capital Solutions
Amtech Systems, Inc.not disclosednot disclosednot disclosednot disclosed
AstroNova, Inc.0%RSU 100Nonot disclosed
AXT Inc.not disclosedRSU 100not disclosedCompensia
CyberOptics Corporationnot disclosednot disclosednot disclosedNone
eMaginnot disclosednot disclosednot disclosednot disclosed
EMCORE Corporationnot disclosedRSU 71 · PSU 29NoCompensia
Everspin Technologies Inc.122.5%RSU 100not disclosednot disclosed
GSI Technology17.4%Options 100not disclosedCompensia, Inc.
Immersion Corporationnot disclosedRSU 100not disclosednot disclosed
In TEST Corporation15%not disclosedNoRadford
Kopin Corporationnot disclosednot disclosedNoAon plc (Human Capital Solutions practice)
Park Aerospace Corp.not disclosedOptions 100not disclosednot disclosed
Pixelworks Inc.not disclosednot disclosedYes — TSR relative to Peer Groupnot disclosed
QuickLogic Corporation75%RSU 100not disclosedCompensia
Sono-Teknot disclosedOptions 100not disclosedNone

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.

10d

Frequently asked questions

Who was the highest-paid executive at Intevac in fiscal 2023?
As disclosed, Nigel Hunton (President and CEO) was the highest-paid executive at Intevac in fiscal 2023, with total compensation of $1,381,434.
How does Intevac's chief executive pay compare to its disclosed peer group?
As disclosed, Nigel Hunton's total compensation ranked at the 54th percentile of Intevac's disclosed peer group.
How did shareholders vote on Intevac's executive compensation?
As disclosed, 98.34% of shareholders supported Intevac's executive compensation in the latest say-on-pay vote.
How much does Intevac spend in total on board compensation for fiscal 2023?
As disclosed, Intevac reported total board compensation of $527,010 for fiscal 2023.

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.

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, Nigel HuntonDEF 14A2024-04-100001193125-24-091334Section “2023 Summary Compensation Table” · page 51. As printed: 1,381,434. Filing ↗
2Section 01, John DickinsonDEF 14A2024-04-100001193125-24-091334Section “2023 Summary Compensation Table” · page 51. As printed: 609,298. Filing ↗
3Section 01, Kevin SoulsbyDEF 14A2024-04-100001193125-24-091334Section “2023 Summary Compensation Table” · page 51. As printed: 309,650. Filing ↗machine: t203 · r5 · c23 · span 530523–530530
4Section 01, James MonizDEF 14A2024-04-100001193125-24-091334Section “2023 Summary Compensation Table” · page 51. As printed: 265,893. Filing ↗
5Section 08, David S. DuryDEF 14A2024-04-100001193125-24-091334Section “Director Compensation”. As printed: 168,640. Filing ↗machine: span 681082–681089
6Section 08, Dorothy D. HayesDEF 14A2024-04-100001193125-24-091334Section “Director Compensation”. As printed: 124,040. Filing ↗machine: span 681831–681838
7Section 08, Kevin D. BarberDEF 14A2024-04-100001193125-24-091334Section “Director Compensation”. As printed: 121,540. Filing ↗machine: span 680354–680361
8Section 08, Michele F. KleinDEF 14A2024-04-100001193125-24-091334Section “Director Compensation”. As printed: 112,790. Filing ↗machine: span 682562–682569
9Section 08, Nigel D. HuntonDEF 14A2024-04-100001193125-24-091334Section “Director Compensation”. As printed: 0. Filing ↗
10Section 02, Nigel Hunton 2025-01-07Form 42025-01-100001806637-25-000001Insider equity transaction reported since the proxy statement. Filing ↗
11Section 02, Cameron McAulay 2025-01-07Form 42025-01-100001806637-25-000002Insider equity transaction reported since the proxy statement. Filing ↗
12Section 02, John Dickinson 2025-01-07Form 42025-01-100001806637-25-000003Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Nigel Hunton 2025-01-19Form 42025-01-210001806637-25-000004Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Nigel Hunton 2025-01-31Form 42025-02-030001806637-25-000005Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, John Dickinson 2025-02-15Form 42025-02-180001806637-25-000007Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Nigel Hunton 2025-02-15Form 42025-02-180001806637-25-000006Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Nigel Hunton 2025-03-31Form 42025-04-010000950170-25-048600Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, John Dickinson 2025-03-31Form 42025-04-010000950170-25-048612Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, John Dickinson 2025-03-31Form 42025-04-010000950170-25-048612Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, David S. Dury 2025-03-31Form 42025-04-010000950170-25-048621Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Cameron McAulay 2025-03-31Form 42025-04-010000950170-25-048578Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Nigel Hunton 2025-03-31Form 42025-04-010000950170-25-048600Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Nigel Hunton 2025-03-31Form 42025-04-010000950170-25-048600Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Nigel Hunton 2025-03-31Form 42025-04-010000950170-25-048600Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, John Dickinson 2025-03-31Form 42025-04-010000950170-25-048612Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, David S. Dury 2025-03-31Form 42025-04-010000950170-25-048621Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Kevin D. Barber 2025-03-31Form 42025-04-010000950170-25-048633Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Dorothy D. Hayes 2025-03-31Form 42025-04-010000950170-25-048648Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Michele F. Klein 2025-03-31Form 42025-04-010000950170-25-048658Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Michele F. Klein 2025-03-31Form 42025-04-010000950170-25-048658Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Ryan L. Vardeman 2025-03-31Form 42025-04-010000950170-25-048690Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Ryan L. Vardeman 2025-03-31Form 42025-04-010000950170-25-048690Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Eiji Miyanaga 2025-03-31Form 42025-04-010000950170-25-048701Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Eiji Miyanaga 2025-03-31Form 42025-04-010000950170-25-048701Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Cameron McAulay 2025-03-31Form 42025-04-010000950170-25-048578Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Ryan L. Vardeman 2025-03-31Form 42025-04-010000950170-25-048690Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Cameron McAulay 2025-03-31Form 42025-04-010000950170-25-048578Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Cameron McAulay 2025-03-31Form 42025-04-010000950170-25-048578Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, John Dickinson 2025-03-31Form 42025-04-010000950170-25-048612Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Kevin D. Barber 2025-03-31Form 42025-04-010000950170-25-048633Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Dorothy D. Hayes 2025-03-31Form 42025-04-010000950170-25-048648Insider equity transaction reported since the proxy statement. Filing ↗
42Section 06, 2024 voteForm 8-K2024-05-170001193125-24-141718Item 5.07 · say-on-pay result. As reported: 98.34% (votes for as printed: 20,915,733). Filing ↗
43Section 06, 2023 voteForm 8-K2023-05-190001193125-23-149290Item 5.07 · say-on-pay result. As reported: 58.34% (votes for as printed: 10,767,902). Filing ↗
44Section 06, 2022 voteForm 8-K2022-05-190001193125-22-155011Item 5.07 · say-on-pay result. As reported: 84.75% (votes for as printed: 15,271,253). Filing ↗machine: span 46305–48656
45Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
46Section 09b board cost (computed)Computed——Cash 266,250 + equity 260,760 + all other 0 = 527,010, summed across the director compensation table rows.machine: formula: Σ = 527,010
47Immersion Corporation, Section 10b CEO totalDEF 14A2026-08-280001193125-26-374299CEO total compensation as printed in Immersion Corporation's own proxy. As printed: 5,066,691. Filing ↗
48Everspin Technologies Inc., Section 10b CEO totalDEF 14A2026-04-070001628280-26-024076CEO total compensation as printed in Everspin Technologies Inc.'s own proxy. As printed: 2,586,384. Filing ↗machine: span 337469–337478
49Kopin Corporation, Section 10b CEO totalDEF 14A2026-04-220001493152-26-018400CEO total compensation as printed in Kopin Corporation's own proxy. As printed: 2,257,423. Filing ↗machine: span 438656–438665
50GSI Technology, Section 10b CEO totalDEF 14A2026-07-160001104659-26-084241CEO total compensation as printed in GSI Technology's own proxy. As printed: 1,989,770. Filing ↗machine: r1 · c35 · span 406094–406103
51AXT Inc., Section 10b CEO totalDEF 14A2026-03-310001437749-26-010661CEO total compensation as printed in AXT Inc.'s own proxy. As printed: 1,673,404. Filing ↗machine: r6 · c28 · span 442207–442216
52CyberOptics Corporation, Section 10b CEO totalDEF 14A2022-03-280000897101-22-000324CEO total compensation as printed in CyberOptics Corporation's own proxy. As printed: 1,422,279. Filing ↗
53Intevac (subject), Section 10b CEO totalDEF 14A2024-04-100001193125-24-091334CEO total compensation as printed in Intevac's own proxy. As printed: 1,381,434. Filing ↗
54AstroNova, Inc., Section 10b CEO totalDEF 14A2025-05-190001193125-25-122471CEO total compensation as printed in AstroNova, Inc.'s own proxy. As printed: 1,286,106. Filing ↗machine: r4 · c28 · span 431456–431463
55EMCORE Corporation, Section 10b CEO totalDEF 14A2024-01-260001193125-24-016707CEO total compensation as printed in EMCORE Corporation's own proxy. As printed: 1,210,046. Filing ↗machine: span 341672–341681
56QuickLogic Corporation, Section 10b CEO totalDEF 14A2026-03-270001437749-26-010092CEO total compensation as printed in QuickLogic Corporation's own proxy. As printed: 1,196,495. Filing ↗machine: span 283569–283578
57In TEST Corporation, Section 10b CEO totalDEF 14A2026-04-280001036262-26-000024CEO total compensation as printed in In TEST Corporation's own proxy. As printed: 1,099,010. Filing ↗machine: t46 · r2 · c22 · span 384281–384290
58Pixelworks Inc., Section 10b CEO totalDEF 14A2026-04-170001040161-26-000024CEO total compensation as printed in Pixelworks Inc.'s own proxy. As printed: 909,587. Filing ↗machine: span 418195–418202
59Amtech Systems, Inc., Section 10b CEO totalDEF 14A2026-01-230001193125-26-020762CEO total compensation as printed in Amtech Systems, Inc.'s own proxy. As printed: 723,580. Filing ↗machine: t7 · r3 · c26 · span 258228–258235
60Sono-Tek, Section 10b CEO totalDEF 14A2026-07-220001171520-26-000185CEO total compensation as printed in Sono-Tek's own proxy. As printed: 408,100. Filing ↗machine: span 135308–135315
61Park Aerospace Corp., Section 10b CEO totalDEF 14A2026-06-220002077096-26-000207CEO total compensation as printed in Park Aerospace Corp.'s own proxy. As printed: 331,592. Filing ↗machine: r1 · c17 · span 501047–501054
62Section 10a, AXT Inc. reciprocityDEF 14A—0001437749-26-010661AXT Inc.'s most recent proxy was read; its disclosed peer group does not include Intevac. Filing ↗
63Section 10a, GSI Technology reciprocityDEF 14A—0001104659-26-084241GSI Technology's most recent proxy was read; its disclosed peer group does not include Intevac. Filing ↗
64Section 10a, QuickLogic Corporation reciprocityDEF 14A—0001437749-26-010092QuickLogic Corporation's most recent proxy was read; its disclosed peer group does not include Intevac. Filing ↗

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