Pay Versus Performance

The following table sets forth the compensation information of our principal executive officer (the “PEO”) and the average compensation information of our other named executive officers (“non-PEO NEOs”), both as reported in the Summary Compensation Table in this proxy statement and with certain adjustments to reflect the “compensation actually paid” to such individuals, as defined under the SEC’s pay versus performance disclosure rules, for each of fiscal year 2026, fiscal year 2025, fiscal year 2024, fiscal year 2023 and fiscal year 2022. For further information concerning our pay-for-performance philosophy and how we align executive compensation with Company financial performance, refer to the CD&A in this proxy statement.


Year	Summary Compensation Table Total for First PEO(1)		Summary Compensation Table Total for Second PEO(2)		Summary Compensation Table Total for Third PEO(3)		Compensation “Actually Paid” to First PEO(4)		Compensation “Actually Paid” to Second PEO(4)		Compensation “Actually Paid” to Third PEO(4)			Average Summary Compensation Table Total for non-PEO NEOs(5)		Average Compensation “Actually Paid” to non- PEO NEOs(6)		Value of Initial Fixed $100 Investment Based On Total Shareholder Return(7)		Value of Initial Fixed $100 Investment Based On Peer Group Total Shareholder Return(8)		Net Income(9)			Adjusted EBITDA(10)
2026	$	1,809,120	$	679,842		—	$	4,239,571	$	4,979,430		—		$	786,430	$	2,150,498	$	567.83	$	207.51	$	12,500		$	25,995
2025		—	$	1,853,374		—		—	$	2,695,627		—		$	827,687	$	1,044,729	$	207.36	$	130.79	$	12,230		$	22,429
2024		—	$	2,251,043		—		—	$	4,758,685		—		$	876,231	$	1,780,074	$	196.28	$	113.56	$	4,556		$	13,282
2023		—	$	1,074,557		—		—	$	1,849,004		—		$	597,638	$	832,497	$	94.11	$	93.92	$	367		$	8,541
2022		—	$	950,904	$	1,064,678		—	$	815,028	$	(212,834	)	$	565,042	$	836,226	$	55.47	$	99.65	$	(8,773	)	$	(4,191	)

(1)

Reflects total compensation reported for Matthew J. Malone (our first PEO) as reported in the Summary Compensation Table for the corresponding fiscal year. Mr. Malone has served as our Chief Executive Officer since June 2025.

(2)

Reflects total compensation reported for Daniel J. Thoren (our second PEO) as reported in the Summary Compensation Table for the corresponding fiscal year. Mr. Thoren served as our Chief Executive Officer from September 2021 to June 2025.

(3)

Reflects total compensation reported for James R. Lines (our third PEO) as reported in the Summary Compensation Table for the corresponding fiscal year. Mr. Lines retired from the Company effective as of August 31, 2021.

(4)

The dollar amounts reported represent the amount of compensation “actually paid” to each of our PEOs in the applicable fiscal year, as computed in accordance with the SEC’s pay versus performance disclosure rules. The dollar amounts do not necessarily reflect the actual amount of compensation earned by or paid to our PEOs during the applicable fiscal year. The following table provides additional information as to the amounts deducted from and added to the Summary Compensation Table Total for fiscal year 2026 for our first and second PEO pursuant to the SEC’s rules to determine Compensation “Actually Paid” to PEO:


	First PEO		Second PEO
	2026
Summary Compensation Table Total for PEO	$	1,809,120	$	679,842
Adjustments for defined benefit pension plan
(Deduct): Aggregate change in actuarial present value included in Summary Compensation Table Total for the covered fiscal year	$	—	$	—
Add: Service cost for the covered fiscal year	$	—	$	—
Add: Prior service cost for the covered fiscal year	$	—	$	—
Adjustments for stock awards and option awards
(Deduct): Aggregate value for stock awards and option awards included in Summary Compensation Table Total for the covered fiscal year	$	600,004	$	125,008
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end	$	1,804,585	$	375,975
Add: Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end	$	1,350,145	$	4,356,746
Add: Vesting date fair value of awards granted and vested during the covered fiscal year	$	—	$	—
Add: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year	$	181,880	$	508,259
(Deduct): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year	$	306,155	$	816,384
Add: Change in incremental fair value of awards modified during the covered fiscal year	$	—	$	—
Add: Dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year	$	—	$	—
Compensation “Actually Paid” to PEO	$	4,239,571	$	4,979,430

(5)

Reflects the average compensation information for the non-PEO NEOs as a group based on total compensation reported in the Summary Compensation Table for the corresponding year. The non-PEO NEOs for fiscal year 2026 were Christopher J. Thome, Alan E. Smith and Michael Dixon, the non-PEO NEOs for fiscal year 2025 and 2024 were Christopher J. Thome, Alan E. Smith and Matthew J. Malone, the non-PEO NEOs for fiscal year 2023 were Christopher J. Thome and Matthew J. Malone, and the non-PEO NEOs for fiscal year 2022 were Matthew J. Malone and Jeffrey F. Glajch.

(6)

The dollar amounts reported represent the average amount of compensation “actually paid” to the non-PEO NEOs in the applicable year, as computed in accordance with the SEC’s pay versus performance disclosure rules. The dollar amounts do not necessarily reflect the actual average amount of compensation earned by or paid to the non-PEO NEOs during the applicable fiscal year. The following table provides additional information as to the amounts deducted from and added to the Average Summary Compensation Table Total for fiscal year 2026 for non-PEO NEOs pursuant to the SEC’s rules to determine Average Compensation “Actually Paid” to non-PEO NEOs:


	Other Non-PEO NEOs (Average)
		2026
Summary Compensation Table Total for Non-PEO NEOs	$	786,430
Adjustments for stock awards and option awards
Deduct: Aggregate value for stock awards and option awards included in Summary Compensation Table Total for the covered fiscal year	$	214,565
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end	$	645,329
Add: Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end	$	959,048
Add: Vesting date fair value of awards granted and vested during the covered fiscal year	$	—
Add: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year	$	174,949
Deduct: Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year	$	200,693
Add: Change in incremental fair value of awards modified during the covered fiscal year	$	—
Add: Dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year	$	—
Compensation “Actually Paid” to Non-PEO NEOs	$	2,150,498

(7)

Total Stockholder Return (“TSR”) is cumulative for the measurement periods calculated in accordance with Item 201(e) of Regulation S-K. Cumulative Company TSR is calculated by dividing the difference between the Company’s stock price at the end and the beginning of the measurement period by the Company’s stock price at the beginning of the measurement period. The value assumes $100 invested on March 31, 2021.

(8)

The Peer Group is the State Street SPDR S&P Aerospace & Defense ETF disclosed in the Performance Graph of SEC Form 10-K, filed June 8, 2026. The value assumes $100 invested on March 31, 2021.

(9)

The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable fiscal year, in thousands.

(10) Adjusted EBITDA is defined as consolidated net income (loss) before net interest expense, income taxes, depreciation, amortization, other acquisition related expenses, equity-based compensation, ERP implementation costs, and other unusual/nonrecurring expense. Adjusted EBITDA is a non-GAAP measure, which management believes is important in evaluating the operating performance of the Company. The reconciliation of such is available in the Management's Discussion & Analysis section of SEC Form 10-K, filed June 8, 2026. The dollar amounts reported represent the amount of Adjusted EBITDA for the applicable fiscal year, in thousands.

Named Executive Officers, Footnote

(1)

Reflects total compensation reported for Matthew J. Malone (our first PEO) as reported in the Summary Compensation Table for the corresponding fiscal year. Mr. Malone has served as our Chief Executive Officer since June 2025.

(2)

Reflects total compensation reported for Daniel J. Thoren (our second PEO) as reported in the Summary Compensation Table for the corresponding fiscal year. Mr. Thoren served as our Chief Executive Officer from September 2021 to June 2025.

(3)

Reflects total compensation reported for James R. Lines (our third PEO) as reported in the Summary Compensation Table for the corresponding fiscal year. Mr. Lines retired from the Company effective as of August 31, 2021.

(5)

Reflects the average compensation information for the non-PEO NEOs as a group based on total compensation reported in the Summary Compensation Table for the corresponding year. The non-PEO NEOs for fiscal year 2026 were Christopher J. Thome, Alan E. Smith and Michael Dixon, the non-PEO NEOs for fiscal year 2025 and 2024 were Christopher J. Thome, Alan E. Smith and Matthew J. Malone, the non-PEO NEOs for fiscal year 2023 were Christopher J. Thome and Matthew J. Malone, and the non-PEO NEOs for fiscal year 2022 were Matthew J. Malone and Jeffrey F. Glajch.

Adjustment To PEO Compensation, Footnote


	First PEO		Second PEO
	2026
Summary Compensation Table Total for PEO	$	1,809,120	$	679,842
Adjustments for defined benefit pension plan
(Deduct): Aggregate change in actuarial present value included in Summary Compensation Table Total for the covered fiscal year	$	—	$	—
Add: Service cost for the covered fiscal year	$	—	$	—
Add: Prior service cost for the covered fiscal year	$	—	$	—
Adjustments for stock awards and option awards
(Deduct): Aggregate value for stock awards and option awards included in Summary Compensation Table Total for the covered fiscal year	$	600,004	$	125,008
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end	$	1,804,585	$	375,975
Add: Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end	$	1,350,145	$	4,356,746
Add: Vesting date fair value of awards granted and vested during the covered fiscal year	$	—	$	—
Add: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year	$	181,880	$	508,259
(Deduct): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year	$	306,155	$	816,384
Add: Change in incremental fair value of awards modified during the covered fiscal year	$	—	$	—
Add: Dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year	$	—	$	—
Compensation “Actually Paid” to PEO	$	4,239,571	$	4,979,430

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,150,498

1,044,729

1,780,074

832,497

836,226

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Company Selected Measure

Tabular List, Table

Tabular List

The following list presents the financial performance measures that the Company considers to have been the most important in linking compensation “actually paid” to our PEOs and Non-PEO NEOs for fiscal year 2026 to Company performance. The measures listed below are not ranked.

•

Adjusted EBITDA

•

ROIC

•

Net sales

Bookings

Peer Group Total Shareholder Return Amount

207.51

130.79

113.56

93.92

99.65

Company Selected Measure Amount

25,995

22,429

13,282

8,541

(4,191)