Sector: Industrials
PARK AEROSPACE CORP · Meeting: July 21, 2026
Directors FOR
6
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Election of Directors
PKE's 3-year price return of 162.7% vastly outpaces the XLI benchmark (82.2%), a gap of +80.5 percentage points which does not exceed the 65pp trigger threshold for strong-positive TSR, so no TSR concern fires; Groehl has extensive relevant industry experience and meets all other policy screens.
No TSR trigger fires given PKE's strong outperformance of XLI; Julian joined in May 2021 and brings relevant aerospace materials and chemicals industry experience, meeting all policy screens.
As CEO and Chairman, Shore is subject to the same TSR trigger as other directors, but no trigger fires given PKE's strong 3-year outperformance of XLI; his total reported compensation of $331,592 is well below benchmark for a CEO at this market cap, and he voluntarily reduced his own salary, making overboarding and pay concerns inapplicable.
No TSR trigger fires; Smith brings deep aerospace composite materials manufacturing expertise directly relevant to PKE's business and meets all other policy screens.
No TSR trigger fires; Thress joined in February 2021 and brings extensive aerospace industry leadership experience including CEO roles at major aviation companies, meeting all policy screens.
No TSR trigger fires; Warshaw has been designated an audit committee financial expert, brings relevant aerospace and industrial materials experience, and meets all policy screens including attendance.
All six directors receive a FOR vote. PKE's 3-year price return of 162.7% outperforms the XLI industrials ETF (the fallback benchmark, as no named compensation peer group is disclosed) by +80.5 percentage points, which does not exceed the 65pp trigger threshold applicable when absolute 3-year TSR is above +20%. No director triggers the overboarding, attendance, independence, or qualifications screens. The board has relevant industry expertise across aerospace, materials, and finance.
CEO
Brian E. Shore
Total Comp
$303,255
Prior Support
high (proxy states 'high level of support' at July 22, 2025 meeting, exact percentage not disclosed)%
CEO Brian Shore's total reported compensation of $331,592 (salary $220,575, no bonus, stock options valued at $104,400, and modest perquisites) is exceptionally low for a CEO of a $683M market cap industrial company — he has voluntarily held his salary at $220,000 since 2021 and has declined bonuses since 2001, representing a clear shareholder-aligned posture. The pay-for-performance alignment check is also satisfied: PKE's stock returned 162.7% over three years versus 82.2% for the XLI industrials ETF, meaning shareholders have been rewarded handsomely while executive pay levels have remained conservative. The prior Say on Pay vote received high shareholder support per the proxy, and the compensation structure — which combines modest base salary, discretionary bonuses for other NEOs, and stock options that only have value if the stock price rises — is straightforwardly aligned with long-term shareholder interests.
Auditor
CohnReznick LLP
Tenure
N/A
Audit Fees
$322,320
Non-Audit Fees
$66,810
Non-audit fees of $66,810 represent approximately 20.7% of audit fees of $322,320, well below the 50% threshold that would raise independence concerns; the non-audit fees relate to one-time registration statement consents and a comfort letter, which is a reasonable explanation; auditor tenure is not disclosed so the tenure trigger cannot fire per policy; CohnReznick is a large national firm appropriate for a company of PKE's size (~$683M market cap); no material restatements are indicated.
This is a clean, straightforward annual meeting ballot for Park Aerospace Corp. with three standard proposals — director elections, Say on Pay, and auditor ratification — all warranting a FOR vote. PKE's exceptional stock performance (162.7% over three years vs. 82.2% for XLI), the CEO's voluntarily suppressed compensation, and clean auditor fee ratios leave no policy triggers fired across any proposal.
