Leadership & Pay ·
Twin Disc approved the Amended and Restated 2021 Omnibus Incentive Plan, increasing authorized shares from 1,636,550…
TWINTwin Disc Inc
Twin Disc approved the Amended and Restated 2021 Omnibus Incentive Plan, increasing authorized shares from 1,636,550 to 2,336,550. The Board set fiscal 2027 base salaries for CEO John H. Batten at $740,554 and CFO Jeffrey S. Knutson at $454,480, both a 4% increase effective October 1, 2026. Target bonuses are 100% of salary for the CEO and 60% for the CFO, based on net sales, EBITDA margins, operating cash flow, corporate growth, and individual performance. The Committee granted 18,756 restricted stock shares to Batten and 8,734 to Knutson, vesting in three years. Additionally, target performance stock awards of 28,135 shares for Batten and 13,100 for Knutson were established, tied to average return on invested capital and cumulative EBITDA over the fiscal period ending June 30, 2029. Twin Disc manufactures marine propulsion systems and industrial power transmission equipment.