Jennifer Yoss
About Jennifer Yoss
Jennifer L. Yoss, age 47, is Vice President, Accounting and CorVel’s Principal Accounting Officer. She joined CorVel in 2003, was Director of Accounting from 2014–2017, and was promoted to Vice President of Accounting in October 2018; previously, she was an auditor at Grant Thornton LLP and holds a BBA in Accounting from Oregon State University . Company performance context during her tenure includes FY2025 net income of $95.2M and diluted EPS of $1.83, with management highlighting FY2025 revenue growth of 13% and net income growth of 27%; CorVel’s TSR metric shows an initial $100 investment valued at $200 for FY2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| CorVel Corporation | Manager, Accounting | 2003–2014 | Operational finance execution; internal controls support |
| CorVel Corporation | Director of Accounting | 2014–2017 | Led accounting processes and reporting; team leadership |
| CorVel Corporation | Vice President, Accounting (Principal Accounting Officer) | Oct 2018–present | Enterprise financial reporting; accounting systems/process improvements; talent development |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Grant Thornton LLP | Auditor | Not disclosed | Prior public-accounting experience before joining CorVel |
Fixed Compensation
Multi-year compensation for Ms. Yoss (fiscal years ended March 31):
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Base Salary ($) | $196,020 | $201,736 | $212,864 |
| Non-Equity Incentive Plan Compensation ($) | $48,071 | $43,897 | $48,573 |
| Option Awards ($) (ASC 718 FV) | $43,698 | $121,232 | $64,001 |
| All Other Compensation ($) | $2,142 | $2,364 | $2,439 |
| Total ($) | $289,932 | $369,229 | $327,877 |
Performance Compensation
Annual cash incentive framework and realized outcomes (calendar-year basis; paid following fiscal year):
| Item | CY 2022 | CY 2023 | CY 2024 |
|---|---|---|---|
| Target Bonus (% of Salary) | 30% | 30% | 30% |
| Actual Bonus (% of Salary) | 25.9% | 22.1% | 23.1% |
| Weighting (Corporate vs. MBO) | 50% corporate / 50% MBO | 50% corporate / 50% MBO | 50% corporate / 50% MBO |
| MBO Themes | Enterprise systems; invoicing; HR alignment | Revenue leakage; accounting optimization; talent development | Financial reporting; accounting/HR systems; personnel development |
Equity performance awards:
- Metric: earnings growth; targets are board-approved and not publicly disclosed; performance options vest upon achievement of earnings growth criteria .
- Vesting description: performance options vest on achievement; time-based options vest 25% after one year, then monthly over three years; standard five-year expiration .
Equity Ownership & Alignment
| Ownership Element | Detail |
|---|---|
| Total beneficial ownership | 8,603 shares (2,088 owned directly; 6,515 options exercisable within 60 days) |
| Ownership as % of shares outstanding | <1% (based on 51,359,544 shares outstanding) |
| Stock ownership guidelines | No minimum stock ownership guidelines for executive officers |
| Hedging/Pledging | Hedging prohibited by insider trading policy; no pledging disclosed |
| Insider selling/option activity | 9,795 shares acquired on option exercise in FY2025; $648,550 value realized (per SEC methodology) |
| Clawback policy | Incentive-based compensation subject to recoupment on material restatements per Section 10D/Rule 10D-1; applies to prior three fiscal years |
Outstanding equity awards as of March 31, 2025 (selected detail):
| Type | Shares | Exercise Price ($) | Expiration | Vesting |
|---|---|---|---|---|
| Performance options (unearned) | 1,500 | 110.18 | 1/14/2030 | Earnings growth target; undisclosed |
| Time-based options (unexercisable) | 600 | 90.08 | 5/16/2029 | 25% one-year; monthly thereafter |
| Time-based options (exercisable) | 1,177 | 66.85 | 11/2/2028 | Standard schedule |
| Performance options (unearned) | 3,150 | 66.85 | 11/2/2028 | Earnings growth |
| Time-based options (exercisable/unexercisable) | 237 / 363 | 74.09 | 8/10/2028 | Standard schedule |
| Time-based options (exercisable) | 1,099 | 52.00 | 11/3/2027 | Standard schedule |
| Performance options (unearned) | 2,100 | 52.00 | 11/3/2027 | Earnings growth |
| Time-based options (exercisable/unexercisable) | 639 / 261 | 49.63 | 5/12/2027 | Standard schedule |
| Time-based options (exercisable) | 2,100 | 65.72 | 12/8/2026 | Standard schedule |
| Time-based options (exercisable/unexercisable) | 1,005 / 45 | 39.83 | 5/6/2026 | Standard schedule |
Note: In-the-money values are not disclosed in the proxy; accelerated vesting scenario values are provided only for change-in-control hypotheticals and are company-wide approximations .
Employment Terms
| Term | Disclosure |
|---|---|
| Employment agreement | None; executives serve at-will |
| Severance (non-CIC) | None disclosed; no severance upon resignation/termination/death/disability |
| Change-in-control (CIC) | Option acceleration immediately prior to effective date unless assumed/replaced; committee discretion; non-employee director awards accelerate in CIC |
| Clawback | Applies to incentive-based compensation tied to financial reporting measures; three-year lookback on restatements |
| Non-compete / non-solicit | Not disclosed for Ms. Yoss |
| Hedging policy | Hedging prohibited; insider trading policy applies |
| Ownership guidelines | None for executive officers |
| Section 16(a) compliance | One late Form 4 filing on May 16, 2024 (administrative timing) |
Investment Implications
- Pay-for-performance alignment: Ms. Yoss’s bonus targets are modest (30% of salary) with equal weighting between corporate financials and function-specific MBOs, while equity is primarily stock options that only deliver value on share price appreciation—supporting alignment and disciplined risk-taking .
- Retention and selling pressure: Material outstanding unearned performance options and staged time-based vesting create ongoing retention hooks; notable FY2025 option exercises (9,795 shares, $648,550 value realized) suggest some liquidity needs but do not indicate pledging or hedging risk; no executive stock ownership guideline increases short-term selling flexibility .
- Governance and red flags: No legal proceedings and minimal Section 16(a) timing issues; compensation clawback policy and prohibition on hedging reduce downside governance risk. Lack of severance and formal ownership guidelines implies lower guaranteed pay but potentially weaker forced alignment via required holdings .
- Performance backdrop: CorVel delivered strong FY2025 results (13% revenue growth, 27% net income growth) with TSR indicative of shareholder value creation; Ms. Yoss’s MBOs emphasize reporting and systems rigor—key levers for sustaining margin and control quality amid growth .
- Peer benchmarking and say-on-pay: Committee references market data (Alera Group) around the 50th percentile without a rigid peer set; 92% say-on-pay approval suggests investor acceptance of the program design and outcomes .