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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay Versus Performance

 

The following tables and related disclosures provide information about (i) the “total compensation” of our principal executive officer (“PEO”), and the average of the “total compensation” of our other Named Executive Officers as presented in the Summary Compensation Table for the applicable year, (ii) the “Compensation Actually Paid” to our PEO and the average “Compensation Actually Paid” to our other Named Executive Officers, as calculated pursuant to Item 402(v) of Regulation S-K under the Exchange Act, (iii) certain financial performance measures, and (iv) the relationship of the “compensation actually paid” of the PEO and, on average, our other Named Executive Officers, to those financial performance measures.

 

This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K and does not necessarily reflect value actually realized by the executives or how our Compensation Committee evaluates compensation decisions in light of company or individual performance.

 

 

Year

 

Summary

compensation table

total for PEO (1)

   

Compensation

actually paid to

PEO (2)(3)

   

Average summary

compensation table

total for non-PEO

Named Executive

Officers (1)

   

Average

compensation

actually paid to

non-PEO Named

Executive Officers

(1)(2)(3)

   

Value of Initial

Fixed $100

investment based

on Total

Shareholder Return

(4)

   

Net income (loss)

attributable to

common

stockholders

(in thousands)

 

2025

    $678,293       $933,926       $541,511       $739,500       $70.43       $17,603  

2024

    $298,434       $289,664       $267,234       $262,033       $28.04       ($3,514 )

2023

    $347,201       $303,703       $301,047       $228,144       $30.84       ($12,620 )

 

 

(1)

The Company’s principal executive officer (“PEO”) for fiscal 2025, 2024 and 2023 was Robert P. Capps. The non-PEO Named Executive Officer for fiscal 2025 and 2024 was Mark A. Cox. The non-PEO Named Executive Officers for fiscal 2023 were Mark A. Cox and Dennis P. Morris.

 

 

(2)

The amounts shown as Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually `realized or received by the Company’s Named Executive Officers. These amounts reflect total compensation as set forth in the Summary Compensation Table for each year, adjusted as described in footnote 3 below and averaged for the non-PEO Named Executive Officers.

 

 

(3)

Compensation Actually Paid reflects the exclusions and inclusions for the PEO and, on average, the non-PEO Named Executive Officers set forth below. Amounts excluded, which are set forth in the “Minus Stock Awards from Summary Compensation Table” columns below, represent the Stock Awards reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year. Amounts added back to determine Compensation Actually Paid are made up of the following components which are set forth in the table below, as applicable: (i) the fair value as of the end of the fiscal year of outstanding and unvested equity awards granted in that year; (ii) the change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year; (iii) the fair value as of the vesting date of equity awards that were granted and vested in that year; and (iv) the change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year. The fair value at the end of the prior year of awards granted in any prior year that failed to meet applicable vesting conditions during the covered year are subtracted. The dollar value of any dividends or other earnings paid on stock awards in a covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year are added. Equity values are calculated in accordance with ASC Topic 718.

   
PEO Total Compensation Amount $ 678,293 $ 298,434 $ 347,201
PEO Actually Paid Compensation Amount $ 933,926 289,664 303,703
Adjustment To PEO Compensation, Footnote

 

 

Year

 

Summary

compensation

table total for

PEO

   

Minus stock

awards from

summary

compensation

table

   

Plus year-end

equity value of

unvested awards

granted during

year

   

Plus change in

the value of

unvested awards

granted in prior

years

   

Plus value of

awards granted

and vested

during year

   

Plus change in

value of prior

year awards

vested during

year

   

Compensation

actually paid to

PEO

 

2025

    $678,293       $260,900       $501,350       $9,202       $0       $5,981       $933,926  

2024

    $298,434       $0       $0       ($5,577 )     $0       ($3,193 )     $289,664  

2023

    $347,201       $48,767       $38,933       ($21,375 )     $0       ($12,289 )     $303,703  

 

 

   
Non-PEO NEO Average Total Compensation Amount $ 541,511 267,234 301,047
Non-PEO NEO Average Compensation Actually Paid Amount $ 739,500 262,033 228,144
Adjustment to Non-PEO NEO Compensation Footnote

Year

 

Average

summary

compensation

table total for

non-PEO

named

executive

officers

   

Minus stock

awards from

summary

compensation

table

   

Plus year-end

equity value of

unvested awards

granted during

year

   

Plus change in

the value of

unvested awards

granted in prior

years

   

Plus value of

awards granted

and vested

during year

   

Plus change in

value of prior

year awards

vested during

year

   

Average

compensation

actually paid to

non-PEO

named

executive

officers

 

2025

    $541,511       $232,660       $421,450       $5,520       $0       $3,679       $739,500  

2024

    $267,234       $0       $0       ($3,314 )     $0       ($1,887 )     $262,033  

2023

    $301,047       $29,260       $23,360       ($12,215 )     $0       ($54,788 )     $228,144  

 

 

(4)

Total Shareholder Return illustrates the value, as of the last day of the indicated fiscal year, of an investment of $100 in Company common stock on January 31, 2022.

 

 

   
Total Shareholder Return Amount $ 70.43 28.04 30.84
Net Income (Loss) 17,603,000 3,514,000 12,620,000
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 260,900 0 48,767
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 501,350 0 38,933
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 9,202 5,577 21,375
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
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 5,981 3,193 12,289
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 232,660 0 29,260
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 421,450 0 23,360
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 5,520 3,314 12,215
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
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 $ 3,679 $ 1,887 $ 54,788