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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure    
Pay vs Performance Disclosure, Table

Pay Versus Performance

 

The following Pay Versus Performance table sets forth information for the Company’s Principle Executive Officer (“PEO”), Ronald E. Klingle for the years ended December 31, 2024 and 2023 as required by Item 402 of SEC Regulation S-K.

 

PAY VERSUS PERFORMANCE TABLE

 
                       

Average

           

Value of

         
                       

Summary

           

Initial Fixed

         
                       

Compensation

   

Average

   

$100

         
                       

Table Total for

   

Compensation

   

Investment

         
       

Summary

           

Non-PEO

   

Actually Paid to

   

Based on

         
       

Compensation

   

Compensation

   

Named

   

Non-PEO Named

   

Total

         
       

Table for

   

Actually Paid

   

Executive

   

Executive

   

Shareholder

   

Net Income

 

Name

 

Year

 

PEO

   

to PEO

   

Officers

   

Officers

   

Return

   

(Loss)

 
                                                     

Ronald E. Klingle

 

2024

  $ 268,500     $ 268,500     $ 241,958     $ 241,958     $ 159     $ 1,318,000  
   

2023

  $ 230,000     $ 230,000     $ 208,616     $ 208,616     $ 90     $ (1,775,000 )

 

 

For the year ended December 31, 2024 and 2023, Ronald E. Klingle was our Chief Executive Officer and our remaining Non-PEO Named Executive Officers (“NEOs”) consisted of Michael J. Havalo, Chief Financial Officer, Treasurer and Secretary, Kenneth J. McMahon, Chief Executive Officer of American Waste Management Services, Inc., Christine M. Bell, President of Avalon Golf and Country Club, Frances R. Klingle, Chief Administrative Officer and Marjorie J. Patterson, Corporate Controller.

 

The Compensation Committee believes that the PEO’s base salary reflects the value of the executive position and attributes the PEO brings to the Company, including tenure, experience, skill level, and performance. No specific weights have been assigned to those factors. The Compensation Committee periodically reviews salaries of the Executive Leadership Team, including all NEOs, and adjusts them as needed to maintain market positioning and consistency with other similarly-situated executive officers and their positions evolving responsibilities.

 

With the exception of Mr. Kenneth McMahon’s discretionary bonus, which is based upon eight percent of the income before taxes of the waste management and brokerage company, bonuses payments are not tied to any financial performance measure and are discretionary based on the evaluation of each individual’s performance, change in responsibilities and their potential to contribute to the success of the Company.

 

During 2024 and 2023, the PEO was not awarded any equity awards. Additionally, the PEO did not have any outstanding equity awards. The Summary Compensation for the PEO represents the Compensation actually paid to the PEO. In addition, during 2024 and 2023, the Non-PEO NEO’s were not awarded, nor did they exercise, any equity awards.

 

 

 
PEO Total Compensation Amount $ 268,500 $ 230,000
PEO Actually Paid Compensation Amount 268,500 230,000
Non-PEO NEO Average Total Compensation Amount 241,958 208,616
Non-PEO NEO Average Compensation Actually Paid Amount 241,958 208,616
Total Shareholder Return Amount 159 90
Net Income (Loss) $ 1,318,000 $ (1,775,000)