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Pay vs Performance Disclosure - USD ($)
12 Months Ended
May 31, 2025
Jun. 01, 2024
May 27, 2023
May 28, 2022
May 29, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K (“PvP Rules”) we are providing information regarding the relationship between executive compensation and our financial performance. In determining the Compensation Actually Paid (“CAP”) to our named executive officers, we are required to make various adjustments to amounts that are reported in the Summary Compensation Table (“SCT”), as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table.

For additional information on how the Company aligns executive compensation with Company performance, see Elements of Executive Compensation ─ Annual Cash Incentive Compensation.

The table below summarizes compensation values both reported in our Summary Compensation Table, as well as the adjusted values as required by the PvP Rules for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021.

 

 

 

 

 

 

 

 

 

Average
 Summary

 

 

Average

 

 

Value of Initial Fixed $100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation

 

 

Compensation

 

 

Investment Based on:

 

 

 

 

 

 

 

 

 

Summary
Compensation

 

 

Compensation

 

 

Table
Total For

 

 

Actually
Paid to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Table
 Total

 

 

Actually
 Paid

 

 

Non-PEO
Named

 

 

Non-PEO
 Named

 

 

Total

 

 

Peer Group
Total

 

 

 

 

 

 

 

Fiscal Year

 

for
PEO

 

 

to
PEO

 

 

Executive
Officers

 

 

Executive
Officers

 

 

Shareholder
 Return

 

 

Shareholder
 Return

 

 

Net (Loss)
 Income

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

1,623,147

 

 

$

1,082,720

 

 

$

732,326

 

 

$

514,937

 

 

$

241

 

 

$

139

 

 

$

(1,143,000

)

 

$

208,909,000

 

2024

 

 

1,546,052

 

 

 

683,982

 

 

 

621,590

 

 

 

262,766

 

 

 

295

 

 

 

119

 

 

 

61,000

 

 

 

196,460,000

 

2023

 

 

1,725,932

 

 

 

2,394,545

 

 

 

734,117

 

 

 

1,045,432

 

 

 

449

 

 

 

119

 

 

 

22,333,000

 

 

 

262,658,000

 

2022

 

 

1,368,106

 

 

 

2,060,566

 

 

 

643,663

 

 

 

978,487

 

 

 

356

 

 

 

134

 

 

 

17,927,000

 

 

 

224,620,000

 

2021

 

 

1,230,517

 

 

 

1,655,892

 

 

 

553,821

 

 

 

755,588

 

 

 

213

 

 

 

178

 

 

 

1,655,000

 

 

 

176,937,000

 

Mr. Edward J. Richardson served as the Principal Executive Officer (“PEO”) for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021. The Other Non-PEO Named Executive Officers (“non-PEO - NEOs”) for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021 included: Ms. Wendy S. Diddell, Mr. Gregory J. Peloquin, Mr. Robert J. Ben and Mr. Jens F. Rupert.

A reconciliation of the total compensation reported in the Summary Compensation Table to the Compensation Actually Paid for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021 for the Company's Principal Executive Officer follows:

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Compensation,
   Summary Compensation Table

 

$

1,623,147

 

 

$

1,546,052

 

 

$

1,725,932

 

 

$

1,368,106

 

 

$

1,230,517

 

Deduction for amounts reported
   under the Stock Awards column
   in the SCT

 

 

(237,800

)

 

 

(310,200

)

 

 

(312,000

)

 

 

(153,200

)

 

 

(85,200

)

Deduction for Amounts Reported
  under the Option Awards column
  in the SCT

 

 

(99,000

)

 

 

(126,600

)

 

 

(108,800

)

 

 

(30,000

)

 

 

(9,800

)

Fair value of unvested Stock
   Options granted in fiscal year

 

 

99,000

 

 

 

126,600

 

 

 

108,800

 

 

 

30,000

 

 

 

9,800

 

Fair value of unvested Stock
   Award granted in fiscal year

 

 

179,000

 

 

 

223,800

 

 

 

347,800

 

 

 

279,800

 

 

 

171,000

 

Change in Fair Value of
    outstanding Options and
    Stock Awards granted
    in prior fiscal years

 

 

(409,227

)

 

 

(665,910

)

 

 

517,530

 

 

 

418,897

 

 

 

227,235

 

Change in Fair Value of
    outstanding Options and
    Stock Awards granted
    in prior fiscal year that
    vest during the fiscal years

 

 

(72,400

)

 

 

(109,760

)

 

 

115,283

 

 

 

146,963

 

 

 

112,340

 

Compensation Actually Paid

 

$

1,082,720

 

 

$

683,982

 

 

$

2,394,545

 

 

$

2,060,566

 

 

$

1,655,892

 

 

A reconciliation of the total compensation reported in the Summary Compensation Table to the Compensation Actually Paid for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021 for the Company's Non-PEO Named Executive Officers follows:

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Compensation,
   Summary Compensation Table

 

$

732,326

 

 

$

621,590

 

 

$

734,117

 

 

$

643,663

 

 

$

553,821

 

Deduction for amounts reported
   under the Stock Awards column
   in the SCT

 

 

(81,744

)

 

 

(77,550

)

 

 

(107,250

)

 

 

(90,963

)

 

 

(50,588

)

Deduction for amounts reported
  under the Option Awards Column
  in the SCT

 

 

(61,875

)

 

 

(79,125

)

 

 

(68,000

)

 

 

(15,563

)

 

 

(5,084

)

Fair value of unvested Stock
    Options granted in fiscal year

 

 

61,875

 

 

 

79,125

 

 

 

68,000

 

 

 

15,563

 

 

 

5,084

 

Fair value of unvested Stock
    Award granted in fiscal year

 

 

61,531

 

 

 

55,950

 

 

 

119,556

 

 

 

166,131

 

 

 

101,531

 

Change in Fair Value of
   outstanding Options and
   Stock Awards granted
   in prior fiscal years

 

 

(163,951

)

 

 

(282,364

)

 

 

231,152

 

 

 

195,838

 

 

 

104,659

 

Change in Fair Value of
    outstanding Options Stock
    Awards granted in
    prior fiscal years that vest
    during the fiscal year

 

 

(33,225

)

 

 

(54,860

)

 

 

67,857

 

 

 

63,817

 

 

 

46,165

 

Average of Compensation Actually Paid

 

$

514,937

 

 

$

262,766

 

 

$

1,045,432

 

 

$

978,487

 

 

$

755,588

 

 

       
Named Executive Officers, Footnote

Mr. Edward J. Richardson served as the Principal Executive Officer (“PEO”) for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021. The Other Non-PEO Named Executive Officers (“non-PEO - NEOs”) for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021 included: Ms. Wendy S. Diddell, Mr. Gregory J. Peloquin, Mr. Robert J. Ben and Mr. Jens F. Rupert.

       
PEO Total Compensation Amount $ 1,623,147 $ 1,546,052 $ 1,725,932 $ 1,368,106 $ 1,230,517
PEO Actually Paid Compensation Amount $ 1,082,720 683,982 2,394,545 2,060,566 1,655,892
Adjustment To PEO Compensation, Footnote

A reconciliation of the total compensation reported in the Summary Compensation Table to the Compensation Actually Paid for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021 for the Company's Principal Executive Officer follows:

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Compensation,
   Summary Compensation Table

 

$

1,623,147

 

 

$

1,546,052

 

 

$

1,725,932

 

 

$

1,368,106

 

 

$

1,230,517

 

Deduction for amounts reported
   under the Stock Awards column
   in the SCT

 

 

(237,800

)

 

 

(310,200

)

 

 

(312,000

)

 

 

(153,200

)

 

 

(85,200

)

Deduction for Amounts Reported
  under the Option Awards column
  in the SCT

 

 

(99,000

)

 

 

(126,600

)

 

 

(108,800

)

 

 

(30,000

)

 

 

(9,800

)

Fair value of unvested Stock
   Options granted in fiscal year

 

 

99,000

 

 

 

126,600

 

 

 

108,800

 

 

 

30,000

 

 

 

9,800

 

Fair value of unvested Stock
   Award granted in fiscal year

 

 

179,000

 

 

 

223,800

 

 

 

347,800

 

 

 

279,800

 

 

 

171,000

 

Change in Fair Value of
    outstanding Options and
    Stock Awards granted
    in prior fiscal years

 

 

(409,227

)

 

 

(665,910

)

 

 

517,530

 

 

 

418,897

 

 

 

227,235

 

Change in Fair Value of
    outstanding Options and
    Stock Awards granted
    in prior fiscal year that
    vest during the fiscal years

 

 

(72,400

)

 

 

(109,760

)

 

 

115,283

 

 

 

146,963

 

 

 

112,340

 

Compensation Actually Paid

 

$

1,082,720

 

 

$

683,982

 

 

$

2,394,545

 

 

$

2,060,566

 

 

$

1,655,892

 

 

       
Non-PEO NEO Average Total Compensation Amount $ 732,326 621,590 734,117 643,663 553,821
Non-PEO NEO Average Compensation Actually Paid Amount $ 514,937 262,766 1,045,432 978,487 755,588
Adjustment to Non-PEO NEO Compensation Footnote

A reconciliation of the total compensation reported in the Summary Compensation Table to the Compensation Actually Paid for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021 for the Company's Non-PEO Named Executive Officers follows:

 

 

 

Fiscal Year

 

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Compensation,
   Summary Compensation Table

 

$

732,326

 

 

$

621,590

 

 

$

734,117

 

 

$

643,663

 

 

$

553,821

 

Deduction for amounts reported
   under the Stock Awards column
   in the SCT

 

 

(81,744

)

 

 

(77,550

)

 

 

(107,250

)

 

 

(90,963

)

 

 

(50,588

)

Deduction for amounts reported
  under the Option Awards Column
  in the SCT

 

 

(61,875

)

 

 

(79,125

)

 

 

(68,000

)

 

 

(15,563

)

 

 

(5,084

)

Fair value of unvested Stock
    Options granted in fiscal year

 

 

61,875

 

 

 

79,125

 

 

 

68,000

 

 

 

15,563

 

 

 

5,084

 

Fair value of unvested Stock
    Award granted in fiscal year

 

 

61,531

 

 

 

55,950

 

 

 

119,556

 

 

 

166,131

 

 

 

101,531

 

Change in Fair Value of
   outstanding Options and
   Stock Awards granted
   in prior fiscal years

 

 

(163,951

)

 

 

(282,364

)

 

 

231,152

 

 

 

195,838

 

 

 

104,659

 

Change in Fair Value of
    outstanding Options Stock
    Awards granted in
    prior fiscal years that vest
    during the fiscal year

 

 

(33,225

)

 

 

(54,860

)

 

 

67,857

 

 

 

63,817

 

 

 

46,165

 

Average of Compensation Actually Paid

 

$

514,937

 

 

$

262,766

 

 

$

1,045,432

 

 

$

978,487

 

 

$

755,588

 

 

       
Compensation Actually Paid vs. Total Shareholder Return

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR and the Russell Microcap Technology’s (peer group) TSR for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021.

CAP vs. TSR Compensation Actually Paid Total Shareholder Return $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 2021 2022 2023 PEO CAP NEO CAP Company TSR Peer Group TSR

 

img208109670_5.jpg

       
Compensation Actually Paid vs. Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021.

 

img208109670_3.jpg

CAP vs. Net Income Compensation Actually Paid $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Net Income (dollars in millions) $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 2021 2022 2023 PEO CAP NEO CAP Net Income

       
Compensation Actually Paid vs. Company Selected Measure

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Revenue for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021.

 

img208109670_4.jpg

CAP vs. Revenue Compensation Actually Paid $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Revenue (dollars in millions) $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 2021 2022 2023 PEO CAP NEO CAP Revenue

       
Total Shareholder Return Vs Peer Group

The following chart compares the Company’s cumulative TSR and the Russell Microcap Technology’s (peer group) TSR for fiscal 2025, fiscal 2024, fiscal 2023, fiscal 2022 and fiscal 2021.

 

Company vs. Peer Group $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 2021 2022 2023 Company TSR Peer Group TSR

img208109670_6.jpg

       
Tabular List, Table

The most important metrics we use to determine compensation which is discussed in the Compensation Discussion and Analysis within the section of Elements of Executive Compensation are as follows:

Operating income
Revenue
Cash and investing activity targets
       
Total Shareholder Return Amount $ 241 295 449 356 213
Peer Group Total Shareholder Return Amount 139 119 119 134 178
Net Income (Loss) $ (1,143,000) $ 61,000 $ 22,333,000 $ 17,927,000 $ 1,655,000
Company Selected Measure Amount 208,909,000 196,460,000 262,658,000 224,620,000 176,937,000
PEO Name Mr. Edward J. Richardson Mr. Edward J. Richardson Mr. Edward J. Richardson Mr. Edward J. Richardson Mr. Edward J. Richardson
Non Peo Name Ms. Wendy S. Diddell, Mr. Gregory J. Peloquin, Mr. Robert J. Ben and Mr. Jens F. Rupert Ms. Wendy S. Diddell, Mr. Gregory J. Peloquin, Mr. Robert J. Ben and Mr. Jens F. Rupert Ms. Wendy S. Diddell, Mr. Gregory J. Peloquin, Mr. Robert J. Ben and Mr. Jens F. Rupert Ms. Wendy S. Diddell, Mr. Gregory J. Peloquin, Mr. Robert J. Ben and Mr. Jens F. Rupert Ms. Wendy S. Diddell, Mr. Gregory J. Peloquin, Mr. Robert J. Ben and Mr. Jens F. Rupert
Measure:: 1          
Pay vs Performance Disclosure          
Name Operating income        
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name Cash and investing activity targets        
PEO | Deduction for Amounts Reported Under the Stock Awards Column in the SCT [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (237,800) $ (310,200) $ (312,000) $ (153,200) $ (85,200)
PEO | Deduction for Amounts Reported Under the Option Awards Column in the Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (99,000) (126,600) (108,800) (30,000) (9,800)
PEO | Fair Value of Unvested Stock Options Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 99,000 126,600 108,800 30,000 9,800
PEO | Fair Value of Unvested Stock Award Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 179,000 223,800 347,800 279,800 171,000
PEO | Change in Fair Value of Outstanding Options and Stock Awards Granted in Prior Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (409,227) (665,910) 517,530 418,897 227,235
PEO | Change in Fair Value of Outstanding Options and Stock Awards Granted in Prior Fiscal Year that Vest During the Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (72,400) (109,760) 115,283 146,963 112,340
Non-PEO NEO | Deduction for Amounts Reported Under the Stock Awards Column in the SCT [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (81,744) (77,550) (107,250) (90,963) (50,588)
Non-PEO NEO | Deduction for Amounts Reported Under the Option Awards Column in the Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (61,875) (79,125) (68,000) (15,563) (5,084)
Non-PEO NEO | Fair Value of Unvested Stock Options Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 61,875 79,125 68,000 15,563 5,084
Non-PEO NEO | Fair Value of Unvested Stock Award Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 61,531 55,950 119,556 166,131 101,531
Non-PEO NEO | Change in Fair Value of Outstanding Options and Stock Awards Granted in Prior Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (163,951) (282,364) 231,152 195,838 104,659
Non-PEO NEO | Change in Fair Value of Outstanding Options and Stock Awards Granted in Prior Fiscal Year that Vest During the Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (33,225) $ (54,860) $ 67,857 $ 63,817 $ 46,165