Tom Wyatt's reported total compensation of $2,493,870 for fiscal 2025 reflects only about one month of service as CEO (he returned December 2, 2025) and is almost entirely composed of a cash long-term incentive payout earned under a 3-year plan tied to cumulative EBITDA targets — actual base salary paid was just $78,750 — making this a low and structurally reasonable pay outcome for the period. The company's annual cash bonus plan paid out at only 36.7% of target for participating executives, reflecting genuine performance discipline given that EBITDA came in just above threshold and revenue missed threshold entirely, which demonstrates that the incentive structure is working as intended. The prior say-on-pay vote received 99.7% support, the company has a required clawback policy in place, and the overall pay program appropriately shifted toward equity-based long-term incentives following the IPO; no policy triggers for a negative vote are met.

PwC has served as KLC's auditor since May 2024 (approximately 2 years), well below the 25-year tenure threshold; non-audit fees (tax fees of $30,000 plus other fees of $2,000 = $32,000) represent less than 1% of audit fees of $4,032,000, far below the 50% independence-concern threshold; PwC is a Big 4 firm appropriate for a company of KLC's size and complexity; no material restatements or audit failures were identified.