CEO Brett Larsen was paid $997,643 in fiscal year 2026, ↓ down 5.6% from fiscal year 2025 (SEC filing 0000719733-26-000034 ↗): 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.
$997,643 ↓ Brett Larsen total, FY2026 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | 70.73% Say-on-pay support, latest vote |
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KTCC's next annual pay disclosure, estimated September 24, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Brett Larsen | $733,846 | $0 | $249,997 | $0 | $0 | $0 | $13,800 | $997,643 |
| President & Chief Executive Officer | ||||||||
| Philip Hochberg | 397,765 | 2,736 | 125,000 | 0 | 0 | 0 | 13,800 | 539,301 |
| Executive Vice President of Customer Relations and Integration | ||||||||
| Anthony Voorhees | 353,162 | 1,612 | 125,000 | 0 | 0 | 0 | 13,674 | 493,448 |
| Executive Vice President of Administration, Chief Financial Officer and Treasurer | ||||||||
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.
| Named executive officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Brett Larsen | $997,643 | $1,056,612 | $612,886 | ↓ −58,969 |
| Philip Hochberg | 539,301 | 564,371 | 405,958 | ↓ −25,070 |
| Anthony Voorhees | 493,448 | 515,092 | — | ↓ −21,644 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2026 total |
|---|---|---|
| Cheryl Beranek | Independent Director | $112,900 |
| James R. Bean | Independent Director | $112,900 |
| Ronald F. Klawitter | Independent Director | $127,480 |
| Subodh K. Kulkarni | Independent Director | $112,900 |
| Yacov A. Shamash | Independent Director | $112,900 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Anthony Voorhees | RSU | — | — | — | 22,482 | — | $125,000 |
| Philip Hochberg | RSU | — | — | — | 22,482 | — | 125,000 |
| Brett Larsen | RSU | — | — | — | 35,971 | — | 249,997 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Anthony Voorhees | $125,000 | $0 | $0 | 0.0% |
| Philip Hochberg | 125,000 | 0 | 0 | 0.0% |
| Brett Larsen | 249,997 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Brett Larsen | PSU | 35,971 | — | $148,560 |
| Philip Hochberg | PSU | 14,988 | — | 61,900 |
| Brett Larsen | PSU | 11,087 | — | 45,789 |
| Philip Hochberg | RSU | 9,239 | — | 38,157 |
| Brett Larsen | RSU | 35,971 | — | 148,560 |
| Anthony Voorhees | PSU | 14,988 | — | 61,900 |
| Philip Hochberg | RSU | 22,482 | — | 92,851 |
| Philip Hochberg | PSU | 4,620 | — | 19,081 |
| Anthony Voorhees | RSU | 22,482 | — | 92,851 |
| Brett Larsen | RSU | 14,781 | — | 61,046 |
| Anthony Voorhees | RSU | 9,239 | — | 38,157 |
| Anthony Voorhees | PSU | 4,620 | — | 19,081 |
The Company's compensation program is designed to attract, retain, and motivate high-performing employees by aligning executive compensation with the Company's long-term performance and shareholder interests. The program consists of base salary, annual cash incentives, and long-term incentives (both cash and equity) that reward achievement of specific financial and operational goals.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-10-23 | 3,989,198 | 1,650,517 | 47,791 | 70.73% | Passed |
| 2024 | 2024-11-25 | 5,440,765 | 705,600 | 57,173 | 88.52% | Passed |
| 2023 | 2023-10-26 | 4,593,744 | 1,598,650 | 61,717 | 74.18% | Passed |
| 2022 | 2022-10-27 | 4,962,746 | 1,492,673 | 52,550 | 76.88% | Passed |
| 2021 | 2021-10-28 | 4,560,442 | 1,189,337 | 60,854 | 79.32% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2025 | 2025-10-23 | 70.73%a |
| 2024 | 2024-11-25 | 88.52%b |
| 2023 | 2023-10-26 | 74.18%c |
a. Approved under the standard stated in the filing — “An abstention from voting or a broker non-vote will have no effect on Proposal 2 and Proposal 3 since neither represents a vote cast.”.
b. Approved under the standard stated in the filing — “An abstention from voting or a broker non-vote will have no effect on Proposal 2, Proposal 3, or Proposal 4 since neither represents a vote cast.”.
c. Approved under the standard stated in the filing — “An abstention from voting or a broker non-vote will have no effect on Proposal 2 or Proposal 3 since neither represents a vote cast.”.
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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Craig D. GatesNot independent | $72,900 | $40,000 | — | $0 | $120,000 | $232,900 |
| Ronald F. KlawitterIndependent · Board Chair · Audit · Governance and Nominating | 87,480 | 40,000 | — | 0 | 0 | 127,480 |
| Cheryl BeranekIndependent · Audit · Compensation and Administration · Governance and Nominating | 72,900 | 40,000 | — | 0 | 0 | 112,900 |
| Yacov A. ShamashIndependent · Audit · Compensation and Administration (Chair) · Governance and Nominating | 72,900 | 40,000 | — | 0 | 0 | 112,900 |
| Subodh K. KulkarniIndependent · Audit · Compensation and Administration · Governance and Nominating | 72,900 | 40,000 | — | 0 | 0 | 112,900 |
| James R. BeanIndependent · Audit (Chair) · Compensation and Administration · Governance and Nominating (Chair) | 72,900 | 40,000 | — | 0 | 0 | 112,900 |
| Annual cash retainer | $81,000 |
|---|---|
| Annual equity retainer | $40,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $451,980 |
| Equity awards (grant-date value) | $240,000 |
| All other compensation | $120,000 |
| Total cost of the board | $811,980 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Key Tronic | 2026 | Brett Larsen | $733,846 | $249,997 | $0 | $0 | $997,643 |
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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Brett Larsen | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Executive Compensation”. As printed: 997,643. Filing ↗machine: r2 · c42 · span 128353–128360 |
| 2 | Section 01, Philip Hochberg | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Executive Compensation”. As printed: 539,301. Filing ↗machine: r8 · c42 · span 140515–140522 |
| 3 | Section 01, Anthony Voorhees | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Executive Compensation”. As printed: 493,448. Filing ↗machine: r5 · c42 · span 135311–135318 |
| 4 | Section 03, Anthony Voorhees RSU | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 174243–174250 |
| 5 | Section 03, Philip Hochberg RSU | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 178299–178306 |
| 6 | Section 03, Brett Larsen RSU | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 170412–170419 |
| 7 | Section 07, pay ratio | 10-K | 2025-09-17 | 0000719733-25-000086 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 8 | Section 08, Craig D. Gates | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Director Compensation”. As printed: 232,900. Filing ↗machine: span 277467–277802 |
| 9 | Section 08, Ronald F. Klawitter | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Director Compensation”. As printed: 127,480. Filing ↗machine: span 281239–281545 |
| 10 | Section 08, Cheryl Beranek | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Director Compensation”. As printed: 112,900. Filing ↗machine: span 286741–286997 |
| 11 | Section 08, Yacov A. Shamash | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Director Compensation”. As printed: 112,900. Filing ↗machine: span 284984–285290 |
| 12 | Section 08, Subodh K. Kulkarni | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Director Compensation”. As printed: 112,900. Filing ↗machine: span 283000–283256 |
| 13 | Section 08, James R. Bean | DEF 14A | 2026-09-24 | 0000719733-26-000034 | Section “Director Compensation”. As printed: 112,900. Filing ↗machine: span 279252–279508 |
| 14 | Section 06, 2025 vote | Form 8-K | 2025-10-27 | 0000719733-25-000096 | Item 5.07 · say-on-pay result. As reported: 70.73% (votes for as printed: 3,989,198). Filing ↗ |
| 15 | Section 06, 2024 vote | Form 8-K | 2024-12-02 | 0000719733-24-000135 | Item 5.07 · say-on-pay result. As reported: 88.52% (votes for as printed: 5,440,765). Filing ↗ |
| 16 | Section 06, 2023 vote | Form 8-K | 2023-11-01 | 0000719733-23-000044 | Item 5.07 · say-on-pay result. As reported: 74.18% (votes for as printed: 4,593,744). Filing ↗ |
| 17 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 18 | Section 03b vehicle mix (computed) | Computed | — | — | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 19 | Section 09b board cost (computed) | Computed | — | — | Cash 451,980 + equity 240,000 + all other 120,000 = 811,980, summed across the director compensation table rows.machine: formula: Σ = 811,980 |
| 20 | Key Tronic (subject), Section 10b CEO total | DEF 14A | 2026-09-24 | 0000719733-26-000034 | CEO total compensation as printed in Key Tronic's own proxy. As printed: 997,643. Filing ↗machine: r2 · c42 · span 128353–128360 |
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