Business Context and Reporting Period
This Form 8-K filing by Graham Corporation (NYSE: GHM) reports on events occurring on March 24, 2026. The filing addresses Item 5.02 regarding the departure of directors or certain officers, specifically focusing on the approval of compensatory arrangements for key executives by the Compensation Committee.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is limited to executive compensation adjustments.
Material Changes
The Compensation Committee approved the following increases to executive compensation effective for fiscal 2027:
- Matthew J. Malone (President and CEO): Annual base salary increased to $600,000.
- Christopher J. Thome (VP-Finance, CFO, and CAO): Annual base salary increased to $400,000.
- Mr. Malone's LTIP: Target Long-Term Incentive Plan award increased to 200% of his base salary.
- Mr. Thome's Cash Bonus: Target Executive Cash Bonus Program award increased to 70% of his base salary.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on business outlook, or discussion of risks and contingencies. The document strictly details the approved compensation changes.
Investor Verification Checklist
- Verify the effective date of the salary and bonus increases (Fiscal 2027).
- Confirm the specific performance metrics tied to the new LTIP and Cash Bonus Program targets.
- Review the company's most recent 10-K or 10-Q for context on overall executive compensation trends and total compensation costs.