v3.26.1
Pay vs Performance Disclosure
Pure in Millions
12 Months Ended 16 Months Ended 44 Months Ended
Dec. 28, 2025
USD ($)
Dec. 29, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jan. 01, 2023
USD ($)
Jan. 02, 2022
USD ($)
Apr. 30, 2022
Dec. 31, 2025
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

 

Pursuant to a mandate of the Dodd-Frank Act commonly referred to as "Pay versus Performance," the SEC has adopted a rule requiring registrants to provide a clear description of (1) the relationship between executive compensation actually paid ("CAP") to the Company's NEOs (including the principal executive officer or person acting in a similar capacity during the last completed fiscal year ("CEO")) and the Company’s cumulative total shareholder return (“TSR”), net income and a third Company-selected financial measure, and (2) the relationship between the Company's TSR and the TSR of a peer group chosen by the Company.

 

The following table provides information regarding CAP to our CEO and non-CEO NEOs during each of the past five fiscal years, as well as TSR, net income, and our Company-selected measure, adjusted EBITDA. See the “Compensation Discussion and Analysis" section above for a comprehensive discussion of our executive compensation program and philosophy.

 

 

                                                   

Value of Initial Fixed $100

Investment Based on:

                 

Year

(a)

 

Summary

Compensation

Table Total for

Current

CEO(1)

 

($)

(b)

   

Compensation

Actually Paid

to Current

CEO

 

($)

(c)

   

Summary Compensation Table Total for

Former

CEO(1)

 

($)

(d)

   

Compensation

Actually Paid

to Former

CEO

 

($)

(e)

   

Average

Summary

Compensation

Table Total for

Non-CEO

NEOs(1)

 

($)

(f)

   

Average

Compensation

Actually Paid

to Non-CEO

NEOs

 

($)

(g)

   

Interface

Total

Shareholder

Return(2)

 

($)

(h)

   

Peer Group

Total

Shareholder

Return(2)(3)

 

($)

(i)

   

Net

Income

(in

Millions)

 

($)

(j)

   

Interface

Adjusted

EBITDA(4)

(in

Millions)

 

($)

(k)

 
                                                             

2025

    5,651,488       10,461,049       N/A       N/A       2,004,495       2,858,947       274.81       136.30       116.1       217.9  

2024

    5,590,848       14,534,973       N/A       N/A       1,916,984       4,521,182       154.07       112.05       86.9       189.0  

2023

    4,526,511       4,807,487       N/A       N/A       1,797,544       2,146,971       77.74       99.79       44.5       162.0  

2022

    5,091,309       4,511,701       3,658,931       1,914,885       1,362,460       645,183       60.70       99.94       19.6       176.1  

2021

    N/A       N/A       6,250,848       7,083,641       1,889,694       2,188,909       97.22       132.16       55.2       169.4  

 

 

(1)

These columns reflect the amounts reported in the “Summary Compensation Table” for Ms. Hurd, our current CEO, Mr. Hendrix, our former CEO, and the average for our non-CEO NEOs, for each of the years listed. The non-CEO NEOs for whom the average compensation is presented in this table are Messrs. Foshee, Hausmann, Poppens and Stansfield, for each of the years presented.

 

 

(2)

TSR is calculated based on an initial fixed investment of $100 on December 31, 2020 (the final trading day before our 2021 fiscal year), assuming reinvestment of dividends, through the end of the covered fiscal year presented.

 

 

(3)

The peer group used for the TSR calculation are the same companies comprising the “self-determined peer group” index used for compensation decision making (as described in the Compensation Discussion and Analysis in the proxy statement for each applicable fiscal year) and used to create the stock performance graph included in the Company’s Annual Report on Form 10-K for each applicable fiscal year.

 

 

(4)

Adjusted EBITDA is a non-GAAP financial measure. Please see Appendix A for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure.

 

 

pagenumlogo.jpg
           
Adjustment To PEO Compensation, Footnote

Adjustments to the Summary Compensation Table Totals to arrive at CAP for our CEOs and Non-CEO NEOs are shown below.

 

   

Calculation for Current CEO Hurd

_________________________________________________________

   

Calculation for Avg of Non-CEO NEOs

____________________________________________________

 
   

Year 2021

($)

   

Year 2022

($)

   

Year 2023

($)

   

Year 2024

($)

   

Year 2025

($)

   

Year 2021

($)

   

Year 2022

($)

   

Year 2023

($)

   

Year 2024

($)

   

Year 2025

($)

 

Summary Compensation Table Total

    N/A       5,091,309       4,526,511       5,590,848       5,651,488       1,889,694       1,362,460       1,797,544       1,916,984       2,004,495  

Less Stock Award Value Reported in Summary Compensation Table for the Covered Year

    N/A       (3,543,485 )     (2,614,777 )     (2,740,892 )     (2,821,999 )     (934,024 )     (550,168 )     (914,060 )     (699,128 )     (665,391 )

Plus Fair Value for Awards Granted in the Covered Year

    N/A       2,963,877       2,931,519       6,246,104       4,322,888       1,113,482       444,128       1,083,559       1,593,213       816,253  

Change in Fair Value of Awards from Prior Years that Vested in Covered Year

    N/A       -       (134,309 )     133,867       (717,469 )     2,040       (20,731 )     (18,153 )     96,842       (149,801 )

Change in Fair Value of Outstanding Unvested Awards from Prior Years

    N/A       -       98,543       5,305,045       4,151,639       136,553       (573,021 )     229,720       1,653,356       964,022  

Less Fair Value of Awards Forfeited during the Covered Year

    N/A       -       -       -       (125,497 )     (18,837 )     (17,485 )     (18,104 )     (36,754 )     (18,800 )

Plus Fair Value of Incremental Dividends of Earnings Paid on Stock Awards

    N/A       -       -       -       -       -       -       -       -       -  

Less Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans

    N/A       -       -       -       -       -       -       (13,534 )     (3,330 )     (91,831 )

Plus Aggregate Service Cost and Prior Service Cost for Pension Plans

    N/A       -       -       -       -       -       -       -       -       -  

“Compensation Actually Paid”

    N/A       4,511,701       4,807,487       14,534,973       10,461,049       2,188,909       645,183       2,146,971       4,521,182       2,858,947  
                                                                                 
    Calculation for Former CEO Hendrix                                          

Calculation of

“Compensation Actually Paid

 

Year 2021

($)

   

Year 2022

($)

   

Year 2023

($)

   

Year 2024

($)

   

Year 2025

($)

                                         

Summary Compensation Table Total

    6,250,848       3,658,931       N/A       N/A       N/A                                          

Less Stock Award Value Reported in Summary Compensation Table for the Covered Year

    (2,150,267 )     (991,768 )     N/A       N/A       N/A                                          

Plus Fair Value for Awards Granted in the Covered Year

    2,656,714       738,217       N/A       N/A       N/A                                          

Change in Fair Value of Awards from Prior Years that Vested in Covered Year

    -       -       N/A       N/A       N/A                                          

Change in Fair Value of Outstanding Unvested Awards from Prior Years

    326,346       (1,490,495 )     N/A       N/A       N/A                                          

Less Fair Value of Awards Forfeited during the Covered Year

    -       -       N/A       N/A       N/A                                          

Plus Fair Value of Incremental Dividends of Earnings Paid on Stock Awards

    -       -       N/A       N/A       N/A                                          

Less Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans

    -       -       N/A       N/A       N/A                                          

Plus Aggregate Service Cost and Prior Service Cost for Pension Plans

    -       -       N/A       N/A       N/A                                          

“Compensation Actually Paid”

    7,083,641       1,914,885       N/A       N/A       N/A                                          

 

 

pagenumlogo.jpg
           
Non-PEO NEO Average Total Compensation Amount $ 2,004,495 $ 1,916,984 $ 1,797,544 $ 1,362,460 $ 1,889,694    
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,858,947 4,521,182 2,146,971 645,183 2,188,909    
Adjustment to Non-PEO NEO Compensation Footnote

Adjustments to the Summary Compensation Table Totals to arrive at CAP for our CEOs and Non-CEO NEOs are shown below.

 

   

Calculation for Current CEO Hurd

_________________________________________________________

   

Calculation for Avg of Non-CEO NEOs

____________________________________________________

 
   

Year 2021

($)

   

Year 2022

($)

   

Year 2023

($)

   

Year 2024

($)

   

Year 2025

($)

   

Year 2021

($)

   

Year 2022

($)

   

Year 2023

($)

   

Year 2024

($)

   

Year 2025

($)

 

Summary Compensation Table Total

    N/A       5,091,309       4,526,511       5,590,848       5,651,488       1,889,694       1,362,460       1,797,544       1,916,984       2,004,495  

Less Stock Award Value Reported in Summary Compensation Table for the Covered Year

    N/A       (3,543,485 )     (2,614,777 )     (2,740,892 )     (2,821,999 )     (934,024 )     (550,168 )     (914,060 )     (699,128 )     (665,391 )

Plus Fair Value for Awards Granted in the Covered Year

    N/A       2,963,877       2,931,519       6,246,104       4,322,888       1,113,482       444,128       1,083,559       1,593,213       816,253  

Change in Fair Value of Awards from Prior Years that Vested in Covered Year

    N/A       -       (134,309 )     133,867       (717,469 )     2,040       (20,731 )     (18,153 )     96,842       (149,801 )

Change in Fair Value of Outstanding Unvested Awards from Prior Years

    N/A       -       98,543       5,305,045       4,151,639       136,553       (573,021 )     229,720       1,653,356       964,022  

Less Fair Value of Awards Forfeited during the Covered Year

    N/A       -       -       -       (125,497 )     (18,837 )     (17,485 )     (18,104 )     (36,754 )     (18,800 )

Plus Fair Value of Incremental Dividends of Earnings Paid on Stock Awards

    N/A       -       -       -       -       -       -       -       -       -  

Less Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans

    N/A       -       -       -       -       -       -       (13,534 )     (3,330 )     (91,831 )

Plus Aggregate Service Cost and Prior Service Cost for Pension Plans

    N/A       -       -       -       -       -       -       -       -       -  

“Compensation Actually Paid”

    N/A       4,511,701       4,807,487       14,534,973       10,461,049       2,188,909       645,183       2,146,971       4,521,182       2,858,947  
                                                                                 
    Calculation for Former CEO Hendrix                                          

Calculation of

“Compensation Actually Paid

 

Year 2021

($)

   

Year 2022

($)

   

Year 2023

($)

   

Year 2024

($)

   

Year 2025

($)

                                         

Summary Compensation Table Total

    6,250,848       3,658,931       N/A       N/A       N/A                                          

Less Stock Award Value Reported in Summary Compensation Table for the Covered Year

    (2,150,267 )     (991,768 )     N/A       N/A       N/A                                          

Plus Fair Value for Awards Granted in the Covered Year

    2,656,714       738,217       N/A       N/A       N/A                                          

Change in Fair Value of Awards from Prior Years that Vested in Covered Year

    -       -       N/A       N/A       N/A                                          

Change in Fair Value of Outstanding Unvested Awards from Prior Years

    326,346       (1,490,495 )     N/A       N/A       N/A                                          

Less Fair Value of Awards Forfeited during the Covered Year

    -       -       N/A       N/A       N/A                                          

Plus Fair Value of Incremental Dividends of Earnings Paid on Stock Awards

    -       -       N/A       N/A       N/A                                          

Less Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans

    -       -       N/A       N/A       N/A                                          

Plus Aggregate Service Cost and Prior Service Cost for Pension Plans

    -       -       N/A       N/A       N/A                                          

“Compensation Actually Paid”

    7,083,641       1,914,885       N/A       N/A       N/A                                          

 

 

pagenumlogo.jpg
           
Compensation Actually Paid vs. Total Shareholder Return

CEO PAY-FOR-PERFORMANCE ALIGNMENT

 

The following chart sets forth the relationship between CAP to our current and former CEO, the average of CAP to our other NEOs, the Company’s cumulative TSR, and the peer group’s cumulative TSR, over the four-year period from 2021 through 2025.

 

neocomp01.jpg

 

 

           
Compensation Actually Paid vs. Net Income

The following chart sets forth the relationship between CAP to our current and former CEO, the average of CAP to our other NEOs, and our net income during fiscal years 2021 through 2025.

 

neocomp02.jpg

 

 

pagenumlogo.jpg
           
Compensation Actually Paid vs. Company Selected Measure

The following chart sets forth the relationship between CAP to our current and former CEO, the average of CAP to our other NEOs, and the Company’s Adjusted EBITDA during fiscal years 2021 through 2025.

 

neocomp03.jpg

 

 

           
Tabular List, Table

TABULAR LIST OF MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES FOR 2025

 

While Interface Adjusted EBITDA is shown in the pay-versus-performance table above, the following three performance measures are all important and key to the Company’s success. These measures are included in the short and long-term incentive plans to ensure alignment between the goals of the NEOs to the business strategies. The measures in this table are not ranked.

 

Most Important Performance Measures

 
   

Adjusted EBITDA*

 
   

Adjusted Operating Income*

 
   

Currency Neutral Sales*

 
   

 

*

Denotes a non-GAAP financial measure.

 

 

pagenumlogo.jpg 
           
Total Shareholder Return Amount $ 274.81 154.07 77.74 60.7 97.22    
Peer Group Total Shareholder Return Amount 136.3 112.05 99.79 99.94 132.16    
Net Income (Loss) $ 116,100,000 $ 86,900,000 $ 44,500,000 $ 19,600,000 $ 55,200,000    
Company Selected Measure Amount 217.9 189.0 162.0 176.1 169.4    
PEO Name           Mr. Hendrix Ms. Hurd
Measure:: 1              
Pay vs Performance Disclosure              
Name Adjusted EBITDA            
Measure:: 2              
Pay vs Performance Disclosure              
Name Adjusted Operating Income            
Measure:: 3              
Pay vs Performance Disclosure              
Name Currency Neutral Sales            
Ms. Hurd [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount $ 5,651,488 $ 5,590,848 $ 4,526,511 $ 5,091,309      
PEO Actually Paid Compensation Amount 10,461,049 14,534,973 4,807,487 4,511,701      
Mr. Hendrix [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount       3,658,931 $ 6,250,848    
PEO Actually Paid Compensation Amount       1,914,885 7,083,641    
PEO | Ms. Hurd [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0 0 0 0      
PEO | Ms. Hurd [Member] | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0 0 0 0      
PEO | Ms. Hurd [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (2,821,999) (2,740,892) (2,614,777) (3,543,485)      
PEO | Ms. Hurd [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 4,322,888 6,246,104 2,931,519 2,963,877      
PEO | Ms. Hurd [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 4,151,639 5,305,045 98,543 0      
PEO | Ms. Hurd [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (717,469) 133,867 (134,309) 0      
PEO | Ms. Hurd [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (125,497) 0 0 0      
PEO | Ms. Hurd [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0 0 0 0      
PEO | Mr. Hendrix [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0    
PEO | Mr. Hendrix [Member] | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0    
PEO | Mr. Hendrix [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (991,768) (2,150,267)    
PEO | Mr. Hendrix [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (1,490,495) 326,346    
PEO | Mr. Hendrix [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       738,217 2,656,714    
PEO | Mr. Hendrix [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0    
PEO | Mr. Hendrix [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0    
PEO | Mr. Hendrix [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0    
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (91,831) (3,330) (13,534) 0 0    
Non-PEO NEO | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0 0 0 0 0    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (665,391) (699,128) (914,060) (550,168) (934,024)    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 816,253 1,593,213 1,083,559 444,128 1,113,482    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 964,022 1,653,356 229,720 (573,021) 136,553    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (149,801) 96,842 (18,153) (20,731) 2,040    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (18,800) (36,754) (18,104) (17,485) (18,837)    
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0