GRAHAM CORP 8-K

What Happened
Graham Corporation (GHM) filed an 8-K (Item 5.02) reporting that its Compensation Committee on March 24, 2026 approved increases to the annual base salaries and 2027 incentive targets for its top executives. President and CEO Matthew J. Malone’s base salary was raised to $600,000. Vice President – Finance, CFO and CAO Christopher J. Thome’s base salary was raised to $400,000. The Committee also increased Mr. Malone’s target equity long-term incentive plan (LTIP) award to 200% of his base salary for fiscal 2027, and increased Mr. Thome’s target Executive Cash Bonus Program award to 70% of his base salary for fiscal 2027.

Key Details

• Date of action: Compensation Committee approvals on March 24, 2026; 8-K filed March 30, 2026.
• CEO base salary: Matthew J. Malone — $600,000 annually.
• CFO base salary: Christopher J. Thome — $400,000 annually.
• 2027 incentive targets: Malone LTIP target = 200% of base salary; Thome cash bonus target = 70% of base salary.

Why It Matters
These changes increase Graham’s fixed payroll expense (base salaries) and potential variable compensation (equity and cash bonus) for fiscal 2027. For investors, higher incentive targets signal the company is adjusting pay to retain or motivate senior leaders and align compensation with performance, while also modestly raising executive-related costs that could affect reported compensation expense. Review of future proxy statements and quarterly/annual filings will show the realized cost and performance metrics tied to these awards.