v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 30, 2024
Jul. 02, 2023
Jul. 03, 2022
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay Versus Performance Disclosure

 

The following disclosure regarding executive “compensation actually paid” (“CAP”) and certain Company and peer group financial performance measures for the fiscal years listed below is provided in accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Please refer to the “Compensation Discussion and Analysis” section for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions.

 

The Company chose the S&P SmallCap 600 Index as the peer group for purposes of Item 201(e) of Regulation S-K in the Company’s Annual Report on Form 10-K for fiscal 2026. The S&P SmallCap 600 Index seeks to measure the small-cap segment of the U.S. equity market, which the Company believes includes companies with characteristics most similar to UNIFI.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100 Investment Based on:

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total
for PEO
($)
(1)

 

 

Compensation
Actually Paid
to PEO
($)
(1)(2)(3)

 

 

Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)
(4)

 

 

Average
Compensation
Actually Paid
to Non-PEO
NEOs
($)
(2)(3)(4)

 

 

Total Shareholder Return
($)
(5)

 

 

Peer Group Total Shareholder Return
($)
(6)

 

Net (Loss)
Income (in
thousands)
($)

 

 

Adjusted
EBITDA (in
thousands)
($)

 

2026

 

 

1,842,809

 

 

 

2,126,953

 

 

 

916,082

 

 

 

1,056,690

 

 

 

19.39

 

 

129.41

 

 

(24,562

)

 

 

8,867

 

2025

 

 

2,219,431

 

 

 

1,992,419

 

 

 

1,061,857

 

 

 

929,660

 

 

 

21.17

 

 

96.03

 

 

(20,348

)

 

 

(11,551

)

2024

 

 

1,248,267

 

 

 

1,069,437

 

 

 

634,597

 

 

 

462,645

 

 

 

23.80

 

 

93.39

 

 

(47,395

)

 

 

(5,197

)

2023

 

 

1,244,710

 

 

 

824,527

 

 

 

696,777

 

 

 

273,051

 

 

 

32.61

 

 

87.59

 

 

(46,344

)

 

 

(4,085

)

2022

 

 

1,617,866

 

 

 

613,314

 

 

 

869,763

 

 

 

90,814

 

 

 

56.65

 

 

81.98

 

 

15,171

 

 

 

55,190

 

 

 

(1)
The principal executive officer, or PEO, for each of the fiscal years listed is Edmund M. Ingle.

 

(2)
The dollar amounts shown in these columns have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the NEOs. These amounts reflect the amounts set forth in the “Total” column of the Summary Compensation Table for each fiscal year presented, with certain adjustments as described in the table below, in accordance with the requirements of Item 402(v) of Regulation S-K.

 

(3)
Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of the grant date; adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions as of the measurement date. Performance share unit grant date fair values are calculated based on the probable outcome of the performance condition and the fair value of the stock price on the grant date; adjustments have been made based on the probable outcome of the performance condition and the stock price as of the measurement date. Restricted stock unit grant date fair values are calculated using the stock price as of the grant date; adjustments have been made using the stock price as of the fiscal year end and as of each vesting date.

 

(4)
Information regarding non-PEO NEOs reflects the average Summary Compensation Table total compensation and average CAP for the following executives by fiscal year:

2026: Andrew J. Eaker, Albert P. Carey, Brian D. Moore, and Hongjun Ning.

2025: Andrew J. Eaker, Albert P. Carey, Brian D. Moore, and Hongjun Ning.

2024: Andrew J. Eaker, Albert P. Carey, Hongjun Ning, Meredith S. Boyd, and Craig A. Creaturo.

2023: Albert P. Carey, Hongjun Ning, Gregory K. Sigmon, Craig A. Creaturo, and Lucas de Carvalho Rocha.

2022: Albert P. Carey, Craig A. Creaturo, Hongjun Ning, and Lucas de Carvalho Rocha.

 

(5)
Total shareholder return (“TSR”) is calculated based on the value of an initial fixed investment of $100 in the Common Stock on June 25, 2021, assuming reinvestment of dividends.

 

(6)
Peer group TSR is calculated based on the value of an initial fixed investment of $100 in the S&P SmallCap 600 Index on June 25, 2021, assuming reinvestment of dividends.

 

 

 

PEO

 

 

Average Non-PEO NEOs

 

 

 

2026
($)

 

 

2025
($)

 

 

2024
($)

 

 

2023
($)

 

 

2022
($)

 

 

2026
($)

 

 

2025
($)

 

 

2024
($)

 

 

2023
($)

 

 

2022
($)

 

Total Compensation from Summary Compensation Table

 

 

1,842,809

 

 

 

2,219,431

 

 

 

1,248,267

 

 

 

1,244,710

 

 

 

1,617,866

 

 

 

916,082

 

 

 

1,061,857

 

 

 

634,597

 

 

 

696,777

 

 

 

869,763

 

Adjustments for Equity Awards:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant date values in the Summary Compensation Table

 

 

(462,475

)

 

 

(775,283

)

 

 

(387,500

)

 

 

(387,500

)

 

 

(387,500

)

 

 

(220,612

)

 

 

(472,280

)

 

 

(157,318

)

 

 

(142,500

)

 

 

(162,500

)

Year-end fair values for unvested awards granted in the current year

 

 

890,693

 

 

 

575,908

 

 

 

342,582

 

 

 

376,477

 

 

 

229,604

 

 

 

415,852

 

 

 

352,051

 

 

 

141,650

 

 

 

138,451

 

 

 

100,463

 

Year-over-year difference of year-end fair values for unvested awards granted in prior years

 

 

(55,939

)

 

 

(36,335

)

 

 

(105,105

)

 

 

(72,240

)

 

 

(549,678

)

 

 

(20,984

)

 

 

(15,671

)

 

 

(32,743

)

 

 

(280,639

)

 

 

(687,937

)

Fair values at vest date for awards granted and vested in the current year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Difference in prior year-end fair values and vest date fair values for awards granted in prior years

 

 

(88,134

)

 

 

8,698

 

 

 

(28,807

)

 

 

(336,920

)

 

 

(296,978

)

 

 

(33,648

)

 

 

3,703

 

 

 

(16,080

)

 

 

(127,515

)

 

 

(28,975

)

Value at last day of prior year for awards forfeited during the current year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

(107,461

)

 

 

(11,523

)

 

 

 

Total Adjustments for Equity Awards

 

 

284,145

 

 

 

(227,012

)

 

 

(178,830

)

 

 

(420,183

)

 

 

(1,004,552

)

 

 

140,608

 

 

 

(132,197

)

 

 

(171,952

)

 

 

(423,726

)

 

 

(778,949

)

Compensation Actually Paid

 

 

2,126,953

 

 

 

1,992,419

 

 

 

1,069,437

 

 

 

824,527

 

 

 

613,314

 

 

 

1,056,690

 

 

 

929,660

 

 

 

462,645

 

 

 

273,051

 

 

 

90,814

 

 

 

       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
(4)
Information regarding non-PEO NEOs reflects the average Summary Compensation Table total compensation and average CAP for the following executives by fiscal year:

2026: Andrew J. Eaker, Albert P. Carey, Brian D. Moore, and Hongjun Ning.

2025: Andrew J. Eaker, Albert P. Carey, Brian D. Moore, and Hongjun Ning.

2024: Andrew J. Eaker, Albert P. Carey, Hongjun Ning, Meredith S. Boyd, and Craig A. Creaturo.

2023: Albert P. Carey, Hongjun Ning, Gregory K. Sigmon, Craig A. Creaturo, and Lucas de Carvalho Rocha.

2022: Albert P. Carey, Craig A. Creaturo, Hongjun Ning, and Lucas de Carvalho Rocha.

       
Peer Group Issuers, Footnote
(6)
Peer group TSR is calculated based on the value of an initial fixed investment of $100 in the S&P SmallCap 600 Index on June 25, 2021, assuming reinvestment of dividends.
       
PEO Total Compensation Amount $ 1,842,809 $ 2,219,431 $ 1,248,267 $ 1,244,710 $ 1,617,866
PEO Actually Paid Compensation Amount 2,126,953 1,992,419 1,069,437 824,527 613,314
Non-PEO NEO Average Total Compensation Amount 916,082 1,061,857 634,597 696,777 869,763
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,056,690 929,660 462,645 273,051 90,814
Adjustment to Non-PEO NEO Compensation Footnote

The following disclosure regarding executive “compensation actually paid” (“CAP”) and certain Company and peer group financial performance measures for the fiscal years listed below is provided in accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Please refer to the “Compensation Discussion and Analysis” section for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions.

 

The Company chose the S&P SmallCap 600 Index as the peer group for purposes of Item 201(e) of Regulation S-K in the Company’s Annual Report on Form 10-K for fiscal 2026. The S&P SmallCap 600 Index seeks to measure the small-cap segment of the U.S. equity market, which the Company believes includes companies with characteristics most similar to UNIFI.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100 Investment Based on:

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total
for PEO
($)
(1)

 

 

Compensation
Actually Paid
to PEO
($)
(1)(2)(3)

 

 

Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)
(4)

 

 

Average
Compensation
Actually Paid
to Non-PEO
NEOs
($)
(2)(3)(4)

 

 

Total Shareholder Return
($)
(5)

 

 

Peer Group Total Shareholder Return
($)
(6)

 

Net (Loss)
Income (in
thousands)
($)

 

 

Adjusted
EBITDA (in
thousands)
($)

 

2026

 

 

1,842,809

 

 

 

2,126,953

 

 

 

916,082

 

 

 

1,056,690

 

 

 

19.39

 

 

129.41

 

 

(24,562

)

 

 

8,867

 

2025

 

 

2,219,431

 

 

 

1,992,419

 

 

 

1,061,857

 

 

 

929,660

 

 

 

21.17

 

 

96.03

 

 

(20,348

)

 

 

(11,551

)

2024

 

 

1,248,267

 

 

 

1,069,437

 

 

 

634,597

 

 

 

462,645

 

 

 

23.80

 

 

93.39

 

 

(47,395

)

 

 

(5,197

)

2023

 

 

1,244,710

 

 

 

824,527

 

 

 

696,777

 

 

 

273,051

 

 

 

32.61

 

 

87.59

 

 

(46,344

)

 

 

(4,085

)

2022

 

 

1,617,866

 

 

 

613,314

 

 

 

869,763

 

 

 

90,814

 

 

 

56.65

 

 

81.98

 

 

15,171

 

 

 

55,190

 

 

 

(1)
The principal executive officer, or PEO, for each of the fiscal years listed is Edmund M. Ingle.

 

(2)
The dollar amounts shown in these columns have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the NEOs. These amounts reflect the amounts set forth in the “Total” column of the Summary Compensation Table for each fiscal year presented, with certain adjustments as described in the table below, in accordance with the requirements of Item 402(v) of Regulation S-K.

 

(3)
Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of the grant date; adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions as of the measurement date. Performance share unit grant date fair values are calculated based on the probable outcome of the performance condition and the fair value of the stock price on the grant date; adjustments have been made based on the probable outcome of the performance condition and the stock price as of the measurement date. Restricted stock unit grant date fair values are calculated using the stock price as of the grant date; adjustments have been made using the stock price as of the fiscal year end and as of each vesting date.

 

(4)
Information regarding non-PEO NEOs reflects the average Summary Compensation Table total compensation and average CAP for the following executives by fiscal year:

2026: Andrew J. Eaker, Albert P. Carey, Brian D. Moore, and Hongjun Ning.

2025: Andrew J. Eaker, Albert P. Carey, Brian D. Moore, and Hongjun Ning.

2024: Andrew J. Eaker, Albert P. Carey, Hongjun Ning, Meredith S. Boyd, and Craig A. Creaturo.

2023: Albert P. Carey, Hongjun Ning, Gregory K. Sigmon, Craig A. Creaturo, and Lucas de Carvalho Rocha.

2022: Albert P. Carey, Craig A. Creaturo, Hongjun Ning, and Lucas de Carvalho Rocha.

 

(5)
Total shareholder return (“TSR”) is calculated based on the value of an initial fixed investment of $100 in the Common Stock on June 25, 2021, assuming reinvestment of dividends.

 

(6)
Peer group TSR is calculated based on the value of an initial fixed investment of $100 in the S&P SmallCap 600 Index on June 25, 2021, assuming reinvestment of dividends.

 

 

 

PEO

 

 

Average Non-PEO NEOs

 

 

 

2026
($)

 

 

2025
($)

 

 

2024
($)

 

 

2023
($)

 

 

2022
($)

 

 

2026
($)

 

 

2025
($)

 

 

2024
($)

 

 

2023
($)

 

 

2022
($)

 

Total Compensation from Summary Compensation Table

 

 

1,842,809

 

 

 

2,219,431

 

 

 

1,248,267

 

 

 

1,244,710

 

 

 

1,617,866

 

 

 

916,082

 

 

 

1,061,857

 

 

 

634,597

 

 

 

696,777

 

 

 

869,763

 

Adjustments for Equity Awards:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant date values in the Summary Compensation Table

 

 

(462,475

)

 

 

(775,283

)

 

 

(387,500

)

 

 

(387,500

)

 

 

(387,500

)

 

 

(220,612

)

 

 

(472,280

)

 

 

(157,318

)

 

 

(142,500

)

 

 

(162,500

)

Year-end fair values for unvested awards granted in the current year

 

 

890,693

 

 

 

575,908

 

 

 

342,582

 

 

 

376,477

 

 

 

229,604

 

 

 

415,852

 

 

 

352,051

 

 

 

141,650

 

 

 

138,451

 

 

 

100,463

 

Year-over-year difference of year-end fair values for unvested awards granted in prior years

 

 

(55,939

)

 

 

(36,335

)

 

 

(105,105

)

 

 

(72,240

)

 

 

(549,678

)

 

 

(20,984

)

 

 

(15,671

)

 

 

(32,743

)

 

 

(280,639

)

 

 

(687,937

)

Fair values at vest date for awards granted and vested in the current year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Difference in prior year-end fair values and vest date fair values for awards granted in prior years

 

 

(88,134

)

 

 

8,698

 

 

 

(28,807

)

 

 

(336,920

)

 

 

(296,978

)

 

 

(33,648

)

 

 

3,703

 

 

 

(16,080

)

 

 

(127,515

)

 

 

(28,975

)

Value at last day of prior year for awards forfeited during the current year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

(107,461

)

 

 

(11,523

)

 

 

 

Total Adjustments for Equity Awards

 

 

284,145

 

 

 

(227,012

)

 

 

(178,830

)

 

 

(420,183

)

 

 

(1,004,552

)

 

 

140,608

 

 

 

(132,197

)

 

 

(171,952

)

 

 

(423,726

)

 

 

(778,949

)

Compensation Actually Paid

 

 

2,126,953

 

 

 

1,992,419

 

 

 

1,069,437

 

 

 

824,527

 

 

 

613,314

 

 

 

1,056,690

 

 

 

929,660

 

 

 

462,645

 

 

 

273,051

 

 

 

90,814

 

       
Equity Valuation Assumption Difference, Footnote
(3)
Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of the grant date; adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions as of the measurement date. Performance share unit grant date fair values are calculated based on the probable outcome of the performance condition and the fair value of the stock price on the grant date; adjustments have been made based on the probable outcome of the performance condition and the stock price as of the measurement date. Restricted stock unit grant date fair values are calculated using the stock price as of the grant date; adjustments have been made using the stock price as of the fiscal year end and as of each vesting date.
       
Compensation Actually Paid vs. Total Shareholder Return

img84001275_5.jpg

* Value of initial fixed investment of $100

       
Compensation Actually Paid vs. Net Income

img84001275_6.jpg

       
Compensation Actually Paid vs. Company Selected Measure

img84001275_7.jpg

       
Total Shareholder Return Vs Peer Group

img84001275_5.jpg

* Value of initial fixed investment of $100

       
Tabular List, Table

Financial Performance Measures

The Compensation Committee has determined that the most important Company financial performance measures used to link CAP of the Company’s NEOs in fiscal 2026 to the Company’s performance were:

Adjusted EBITDA;
Asia Adjusted EBITDA; and
Adjusted Free Cash Flow.
       
Total Shareholder Return Amount $ 19.39 21.17 23.8 32.61 56.65
Peer Group Total Shareholder Return Amount 129.41 96.03 93.39 87.59 81.98
Net Income (Loss) $ (24,562,000) $ (20,348,000) $ (47,395,000) $ (46,344,000) $ 15,171,000
Company Selected Measure Amount 8,867,000 (11,551,000) (5,197,000) (4,085,000) 55,190,000
PEO Name Edmund M. Ingle        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Measure:: 2          
Pay vs Performance Disclosure          
Name Asia Adjusted EBITDA        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Free Cash Flow        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 284,145 $ (227,012) $ (178,830) $ (420,183) $ (1,004,552)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (462,475) (775,283) (387,500) (387,500) (387,500)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 890,693 575,908 342,582 376,477 229,604
PEO | 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 (55,939) (36,335) (105,105) (72,240) (549,678)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | 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 (88,134) 8,698 (28,807) (336,920) (296,978)
PEO | Equity Awards Forfeited Value at Last Day of Prior Year For Awards During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 140,608 (132,197) (171,952) (423,726) (778,949)
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 (220,612) (472,280) (157,318) (142,500) (162,500)
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 415,852 352,051 141,650 138,451 100,463
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 (20,984) (15,671) (32,743) (280,639) (687,937)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
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 (33,648) 3,703 (16,080) (127,515) (28,975)
Non-PEO NEO | Equity Awards Forfeited Value at Last Day of Prior Year For Awards During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ (107,461) $ (11,523) $ 0