In accordance with rules adopted by the SEC, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”), who is our CEO, and Non-PEO NEOs and our performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
Year |
|
Summary Compensation Table Total for Mark P. Smith1 |
|
Compensation Actually Paid to Mark P. Smith1,2,3 |
|
Average Summary Compensation Table Total for Non-PEO NEOs1 |
|
Average Compensation Actually Paid to Non-PEO NEOs1,2,3 |
|
Value of Initial Fixed $100 Investment based on:4 |
|
Net Income |
|
Adjusted EBITDAS |
|
|||||||||||
TSR |
|
Peer Group TSR |
|
|||||||||||||||||||||||
(a) |
|
(b) |
|
(c) |
|
(d) |
|
(e) |
|
(f) |
|
(g) |
|
(h) |
|
(i) |
|
|||||||||
|
2026 |
|
$ |
4,671,940 |
|
$ |
8,918,426 |
|
$ |
1,202,345 |
|
$ |
1,902,042 |
|
$ |
107 |
|
$ |
81 |
|
$ |
18,481 |
|
$ |
75.0 |
|
|
2025 |
|
$ |
3,713,833 |
|
$ |
(1,264,673 |
) |
$ |
1,177,155 |
|
$ |
(129,789 |
) |
$ |
63 |
|
$ |
54 |
|
$ |
13,425 |
|
$ |
67.6 |
|
|
2024 |
|
$ |
3,646,527 |
|
$ |
5,891,418 |
|
$ |
1,226,372 |
|
$ |
1,779,928 |
|
$ |
107 |
|
$ |
69 |
|
$ |
41,363 |
|
$ |
101.3 |
|
|
2023 |
|
$ |
2,305,721 |
|
$ |
694,299 |
|
$ |
765,141 |
|
$ |
521,907 |
|
$ |
73 |
|
$ |
71 |
|
$ |
36,876 |
|
$ |
95.2 |
|
|
2022 |
|
$ |
2,821,898 |
|
$ |
1,725,797 |
|
$ |
836,695 |
|
$ |
344,465 |
|
$ |
80 |
|
$ |
82 |
|
$ |
194,494 |
|
$ |
300.9 |
|
1. Mark P. Smith served as our Chief Executive Officer for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2022 |
2023 |
2024 |
2025 |
2026 |
Deana L. McPherson |
Deana L. McPherson |
Deana L. McPherson |
Deana L. McPherson |
Deana L. McPherson |
Kevin A. Maxwell |
Kevin A. Maxwell |
Kevin A. Maxwell |
Kevin A. Maxwell |
Kevin A. Maxwell |
Susan J. Cupero |
Susan J. Cupero |
Susan J. Cupero |
Susan J. Cupero |
Susan J. Cupero |
Robert. J. Cicero |
|
|
|
Kyle O. Tengwall |
2. The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by our NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards columns set forth in the Summary Compensation Table.
Year |
|
Summary Compensation Table Total for Mark P. Smith |
|
Exclusion of Stock Awards for Mark P. Smith |
|
Inclusion of Equity Values for Mark P. Smith |
|
Compensation Actually Paid to Mark P. Smith |
|
|||||
|
2026 |
|
$ |
4,671,940 |
|
$ |
(2,574,305 |
) |
$ |
6,820,791 |
|
$ |
8,918,426 |
|
|
2025 |
|
$ |
3,713,833 |
|
$ |
(2,680,052 |
) |
$ |
(2,298,454 |
) |
$ |
(1,264,673 |
) |
|
2024 |
|
$ |
3,646,527 |
|
$ |
(2,072,864 |
) |
$ |
4,317,755 |
|
$ |
5,891,418 |
|
|
2023 |
|
$ |
2,305,721 |
|
$ |
(1,502,872 |
) |
$ |
(108,550 |
) |
$ |
694,299 |
|
|
2022 |
|
$ |
2,821,898 |
|
$ |
(1,371,850 |
) |
$ |
275,749 |
|
$ |
1,725,797 |
|
|
|
|
|
|
|
|
|
|
|
|||||
Year |
|
Average Summary Compensation Table Total for Non-PEO NEOs |
|
Average Exclusion of Stock Awards for Non-PEO NEOs |
|
Average Inclusion of Equity Values for Non-PEO NEOs |
|
Average Compensation Actually Paid to Non-PEO NEOs |
|
|||||
|
2026 |
|
$ |
1,202,345 |
|
$ |
(484,493 |
) |
$ |
1,184,190 |
|
$ |
1,902,042 |
|
|
2025 |
|
$ |
1,177,155 |
|
$ |
(654,041 |
) |
$ |
(652,903 |
) |
$ |
(129,789 |
) |
|
2024 |
|
$ |
1,226,372 |
|
$ |
(493,533 |
) |
$ |
1,047,089 |
|
$ |
1,779,928 |
|
|
2023 |
|
$ |
765,141 |
|
$ |
(367,134 |
) |
$ |
123,900 |
|
$ |
521,907 |
|
|
2022 |
|
$ |
836,695 |
|
$ |
(351,308 |
) |
$ |
(140,922 |
) |
$ |
344,465 |
|
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year |
|
Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Mark P. Smith |
|
Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Mark P. Smith |
|
Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Mark P. Smith |
|
Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Mark P. Smith |
|
Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Mark P. Smith |
|
Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Mark P. Smith |
|
Total - Inclusion of |
|
||||||||
|
2026 |
|
$ |
4,425,123 |
|
$ |
2,382,763 |
|
$ |
— |
|
$ |
12,905 |
|
$ |
— |
|
$ |
— |
|
$ |
6,820,791 |
|
|
2025 |
|
$ |
1,406,992 |
|
$ |
(3,710,269 |
) |
$ |
— |
|
$ |
4,823 |
|
$ |
— |
|
$ |
— |
|
$ |
(2,298,454 |
) |
|
2024 |
|
$ |
3,418,922 |
|
$ |
826,869 |
|
$ |
— |
|
$ |
71,964 |
|
$ |
— |
|
$ |
— |
|
$ |
4,317,755 |
|
|
2023 |
|
$ |
1,154,226 |
|
$ |
(1,258,255 |
) |
$ |
— |
|
$ |
(4,521 |
) |
$ |
— |
|
$ |
— |
|
$ |
(108,550 |
) |
|
2022 |
|
$ |
835,528 |
|
$ |
(562,497 |
) |
$ |
— |
|
$ |
2,718 |
|
$ |
— |
|
$ |
— |
|
$ |
275,749 |
|
Year |
|
Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs |
|
Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs |
|
Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs |
|
Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs |
|
Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs |
|
Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs |
|
Total - Average Inclusion of |
|
||||||||
|
2026 |
|
$ |
803,631 |
|
$ |
371,408 |
|
$ |
— |
|
$ |
9,151 |
|
$ |
— |
|
$ |
— |
|
$ |
1,184,190 |
|
|
2025 |
|
$ |
256,904 |
|
$ |
(761,574 |
) |
$ |
41,892 |
|
$ |
(16,089 |
) |
$ |
(174,036 |
) |
$ |
— |
|
$ |
(652,903 |
) |
|
2024 |
|
$ |
814,038 |
|
$ |
217,659 |
|
$ |
— |
|
$ |
15,392 |
|
$ |
— |
|
$ |
— |
|
$ |
1,047,089 |
|
|
2023 |
|
$ |
281,965 |
|
$ |
(154,040 |
) |
$ |
— |
|
$ |
(4,025 |
) |
$ |
— |
|
$ |
— |
|
$ |
123,900 |
|
|
2022 |
|
$ |
161,687 |
|
$ |
(54,762 |
) |
$ |
— |
|
$ |
29,853 |
|
$ |
(277,700 |
) |
$ |
— |
|
$ |
(140,922 |
) |
4. The Peer Group TSR set forth in this table utilizes the S&P Composite 1500 Leisure Products Index (the "S&P 1500 Leisure Products Index"), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in the Form 10-K. The comparison assumes $100 was invested for the period starting April 30, 2021 through the end of the listed year in the Company and in the S&P 1500 Leisure Products Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
5. We determined Adjusted EBITDAS ($ Millions), as calculated on an annual basis pursuant to instructions from the Compensation Committee, to be the most important financial performance measure used to link our performance to Compensation Actually Paid to
our PEO and Non-PEO NEOs in fiscal year 2026. More information on Adjusted EBITDAS for purposes of executive compensation for fiscal 2026, can be found in the Annual Performance-Based Cash Incentive Compensation section of the Compensation Discussion and Analysis of this Proxy Statement. At the discretion of the Compensation Committee, Adjusted EBITDAS for purposes of executive compensation may differ from Adjusted EBITDAS as reported for other purposes. This performance measure may not have been the most important financial performance measure for prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
1. Mark P. Smith served as our Chief Executive Officer for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2022 |
2023 |
2024 |
2025 |
2026 |
Deana L. McPherson |
Deana L. McPherson |
Deana L. McPherson |
Deana L. McPherson |
Deana L. McPherson |
Kevin A. Maxwell |
Kevin A. Maxwell |
Kevin A. Maxwell |
Kevin A. Maxwell |
Kevin A. Maxwell |
Susan J. Cupero |
Susan J. Cupero |
Susan J. Cupero |
Susan J. Cupero |
Susan J. Cupero |
Robert. J. Cicero |
|
|
|
Kyle O. Tengwall |
4. The Peer Group TSR set forth in this table utilizes the S&P Composite 1500 Leisure Products Index (the "S&P 1500 Leisure Products Index"), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in the Form 10-K. The comparison assumes $100 was invested for the period starting April 30, 2021 through the end of the listed year in the Company and in the S&P 1500 Leisure Products Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards columns set forth in the Summary Compensation Table.
Year |
|
Summary Compensation Table Total for Mark P. Smith |
|
Exclusion of Stock Awards for Mark P. Smith |
|
Inclusion of Equity Values for Mark P. Smith |
|
Compensation Actually Paid to Mark P. Smith |
|
|||||
|
2026 |
|
$ |
4,671,940 |
|
$ |
(2,574,305 |
) |
$ |
6,820,791 |
|
$ |
8,918,426 |
|
|
2025 |
|
$ |
3,713,833 |
|
$ |
(2,680,052 |
) |
$ |
(2,298,454 |
) |
$ |
(1,264,673 |
) |
|
2024 |
|
$ |
3,646,527 |
|
$ |
(2,072,864 |
) |
$ |
4,317,755 |
|
$ |
5,891,418 |
|
|
2023 |
|
$ |
2,305,721 |
|
$ |
(1,502,872 |
) |
$ |
(108,550 |
) |
$ |
694,299 |
|
|
2022 |
|
$ |
2,821,898 |
|
$ |
(1,371,850 |
) |
$ |
275,749 |
|
$ |
1,725,797 |
|
|
|
|
|
|
|
|
|
|
|
|||||
Year |
|
Average Summary Compensation Table Total for Non-PEO NEOs |
|
Average Exclusion of Stock Awards for Non-PEO NEOs |
|
Average Inclusion of Equity Values for Non-PEO NEOs |
|
Average Compensation Actually Paid to Non-PEO NEOs |
|
|||||
|
2026 |
|
$ |
1,202,345 |
|
$ |
(484,493 |
) |
$ |
1,184,190 |
|
$ |
1,902,042 |
|
|
2025 |
|
$ |
1,177,155 |
|
$ |
(654,041 |
) |
$ |
(652,903 |
) |
$ |
(129,789 |
) |
|
2024 |
|
$ |
1,226,372 |
|
$ |
(493,533 |
) |
$ |
1,047,089 |
|
$ |
1,779,928 |
|
|
2023 |
|
$ |
765,141 |
|
$ |
(367,134 |
) |
$ |
123,900 |
|
$ |
521,907 |
|
|
2022 |
|
$ |
836,695 |
|
$ |
(351,308 |
) |
$ |
(140,922 |
) |
$ |
344,465 |
|
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year |
|
Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Mark P. Smith |
|
Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Mark P. Smith |
|
Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Mark P. Smith |
|
Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Mark P. Smith |
|
Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Mark P. Smith |
|
Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Mark P. Smith |
|
Total - Inclusion of |
|
||||||||
|
2026 |
|
$ |
4,425,123 |
|
$ |
2,382,763 |
|
$ |
— |
|
$ |
12,905 |
|
$ |
— |
|
$ |
— |
|
$ |
6,820,791 |
|
|
2025 |
|
$ |
1,406,992 |
|
$ |
(3,710,269 |
) |
$ |
— |
|
$ |
4,823 |
|
$ |
— |
|
$ |
— |
|
$ |
(2,298,454 |
) |
|
2024 |
|
$ |
3,418,922 |
|
$ |
826,869 |
|
$ |
— |
|
$ |
71,964 |
|
$ |
— |
|
$ |
— |
|
$ |
4,317,755 |
|
|
2023 |
|
$ |
1,154,226 |
|
$ |
(1,258,255 |
) |
$ |
— |
|
$ |
(4,521 |
) |
$ |
— |
|
$ |
— |
|
$ |
(108,550 |
) |
|
2022 |
|
$ |
835,528 |
|
$ |
(562,497 |
) |
$ |
— |
|
$ |
2,718 |
|
$ |
— |
|
$ |
— |
|
$ |
275,749 |
|
Year |
|
Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs |
|
Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs |
|
Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs |
|
Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs |
|
Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs |
|
Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs |
|
Total - Average Inclusion of |
|
||||||||
|
2026 |
|
$ |
803,631 |
|
$ |
371,408 |
|
$ |
— |
|
$ |
9,151 |
|
$ |
— |
|
$ |
— |
|
$ |
1,184,190 |
|
|
2025 |
|
$ |
256,904 |
|
$ |
(761,574 |
) |
$ |
41,892 |
|
$ |
(16,089 |
) |
$ |
(174,036 |
) |
$ |
— |
|
$ |
(652,903 |
) |
|
2024 |
|
$ |
814,038 |
|
$ |
217,659 |
|
$ |
— |
|
$ |
15,392 |
|
$ |
— |
|
$ |
— |
|
$ |
1,047,089 |
|
|
2023 |
|
$ |
281,965 |
|
$ |
(154,040 |
) |
$ |
— |
|
$ |
(4,025 |
) |
$ |
— |
|
$ |
— |
|
$ |
123,900 |
|
|
2022 |
|
$ |
161,687 |
|
$ |
(54,762 |
) |
$ |
— |
|
$ |
29,853 |
|
$ |
(277,700 |
) |
$ |
— |
|
$ |
(140,922 |
) |
3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards columns set forth in the Summary Compensation Table.
Year |
|
Summary Compensation Table Total for Mark P. Smith |
|
Exclusion of Stock Awards for Mark P. Smith |
|
Inclusion of Equity Values for Mark P. Smith |
|
Compensation Actually Paid to Mark P. Smith |
|
|||||
|
2026 |
|
$ |
4,671,940 |
|
$ |
(2,574,305 |
) |
$ |
6,820,791 |
|
$ |
8,918,426 |
|
|
2025 |
|
$ |
3,713,833 |
|
$ |
(2,680,052 |
) |
$ |
(2,298,454 |
) |
$ |
(1,264,673 |
) |
|
2024 |
|
$ |
3,646,527 |
|
$ |
(2,072,864 |
) |
$ |
4,317,755 |
|
$ |
5,891,418 |
|
|
2023 |
|
$ |
2,305,721 |
|
$ |
(1,502,872 |
) |
$ |
(108,550 |
) |
$ |
694,299 |
|
|
2022 |
|
$ |
2,821,898 |
|
$ |
(1,371,850 |
) |
$ |
275,749 |
|
$ |
1,725,797 |
|
|
|
|
|
|
|
|
|
|
|
|||||
Year |
|
Average Summary Compensation Table Total for Non-PEO NEOs |
|
Average Exclusion of Stock Awards for Non-PEO NEOs |
|
Average Inclusion of Equity Values for Non-PEO NEOs |
|
Average Compensation Actually Paid to Non-PEO NEOs |
|
|||||
|
2026 |
|
$ |
1,202,345 |
|
$ |
(484,493 |
) |
$ |
1,184,190 |
|
$ |
1,902,042 |
|
|
2025 |
|
$ |
1,177,155 |
|
$ |
(654,041 |
) |
$ |
(652,903 |
) |
$ |
(129,789 |
) |
|
2024 |
|
$ |
1,226,372 |
|
$ |
(493,533 |
) |
$ |
1,047,089 |
|
$ |
1,779,928 |
|
|
2023 |
|
$ |
765,141 |
|
$ |
(367,134 |
) |
$ |
123,900 |
|
$ |
521,907 |
|
|
2022 |
|
$ |
836,695 |
|
$ |
(351,308 |
) |
$ |
(140,922 |
) |
$ |
344,465 |
|
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year |
|
Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Mark P. Smith |
|
Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Mark P. Smith |
|
Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Mark P. Smith |
|
Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Mark P. Smith |
|
Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Mark P. Smith |
|
Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Mark P. Smith |
|
Total - Inclusion of |
|
||||||||
|
2026 |
|
$ |
4,425,123 |
|
$ |
2,382,763 |
|
$ |
— |
|
$ |
12,905 |
|
$ |
— |
|
$ |
— |
|
$ |
6,820,791 |
|
|
2025 |
|
$ |
1,406,992 |
|
$ |
(3,710,269 |
) |
$ |
— |
|
$ |
4,823 |
|
$ |
— |
|
$ |
— |
|
$ |
(2,298,454 |
) |
|
2024 |
|
$ |
3,418,922 |
|
$ |
826,869 |
|
$ |
— |
|
$ |
71,964 |
|
$ |
— |
|
$ |
— |
|
$ |
4,317,755 |
|
|
2023 |
|
$ |
1,154,226 |
|
$ |
(1,258,255 |
) |
$ |
— |
|
$ |
(4,521 |
) |
$ |
— |
|
$ |
— |
|
$ |
(108,550 |
) |
|
2022 |
|
$ |
835,528 |
|
$ |
(562,497 |
) |
$ |
— |
|
$ |
2,718 |
|
$ |
— |
|
$ |
— |
|
$ |
275,749 |
|
Year |
|
Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs |
|
Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs |
|
Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs |
|
Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs |
|
Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs |
|
Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs |
|
Total - Average Inclusion of |
|
||||||||
|
2026 |
|
$ |
803,631 |
|
$ |
371,408 |
|
$ |
— |
|
$ |
9,151 |
|
$ |
— |
|
$ |
— |
|
$ |
1,184,190 |
|
|
2025 |
|
$ |
256,904 |
|
$ |
(761,574 |
) |
$ |
41,892 |
|
$ |
(16,089 |
) |
$ |
(174,036 |
) |
$ |
— |
|
$ |
(652,903 |
) |
|
2024 |
|
$ |
814,038 |
|
$ |
217,659 |
|
$ |
— |
|
$ |
15,392 |
|
$ |
— |
|
$ |
— |
|
$ |
1,047,089 |
|
|
2023 |
|
$ |
281,965 |
|
$ |
(154,040 |
) |
$ |
— |
|
$ |
(4,025 |
) |
$ |
— |
|
$ |
— |
|
$ |
123,900 |
|
|
2022 |
|
$ |
161,687 |
|
$ |
(54,762 |
) |
$ |
— |
|
$ |
29,853 |
|
$ |
(277,700 |
) |
$ |
— |
|
$ |
(140,922 |
) |
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the four most recently completed fiscal years.
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the four most recently completed fiscal years.
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted EBITDAS during the four most recently completed fiscal years.
The following chart compares our cumulative TSR over the four most recently completed fiscal years to that of the Russell 1500 Leisure Products Index over the same period.
The following table presents the financial performance measures that we consider to have been the most important in linking Compensation Actually Paid to our PEOs and Non-PEO NEOs for fiscal 2026 to our performance. The measures in this table are not ranked.
|
Adjusted EBITDAS Net Sales TSR |
|
|
2. The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by our NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
5. We determined Adjusted EBITDAS ($ Millions), as calculated on an annual basis pursuant to instructions from the Compensation Committee, to be the most important financial performance measure used to link our performance to Compensation Actually Paid to
our PEO and Non-PEO NEOs in fiscal year 2026. More information on Adjusted EBITDAS for purposes of executive compensation for fiscal 2026, can be found in the Annual Performance-Based Cash Incentive Compensation section of the Compensation Discussion and Analysis of this Proxy Statement. At the discretion of the Compensation Committee, Adjusted EBITDAS for purposes of executive compensation may differ from Adjusted EBITDAS as reported for other purposes. This performance measure may not have been the most important financial performance measure for prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.