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H. O. Woltz III

Chief Executive Officer at INSTEEL INDUSTRIES
Board
Since 1991
Age
68 years
Tenure
Joined in 1978 and advanced through multiple leadership roles including Vice President, President, Chief Operating Officer, and has served as Chief Executive Officer since 1991 and Chairman of the Board since 2009.

Also at INSTEEL INDUSTRIES

ECS
Elizabeth C. Southern
Vice President Administration, Secretary, and Chief Legal Officer
JRY
James R. York
Senior Vice President, Sourcing and Logistics
RTW
Richard T. Wagner
Senior Vice President and Chief Operating Officer

About

H. O. Woltz III is 68 years old as of October 2024. No educational background details are provided in the available information.

He began his career at Insteel Industries, Inc. (IIIN) in 1978 and has progressed steadily through various leadership roles, including serving as Vice President, President, and Chief Operating Officer before assuming the role of Chief Executive Officer in 1991.

In addition to his CEO responsibilities, he has been serving as Chairman of the Board since 2009, reflecting his long-term commitment and significant contributions to the organization over several decades.

$IIIN Performance Under H. O. Woltz III

Past Roles

OrganizationRoleDate RangeDetails
Florida Wire and Cable, Inc. President Until merger in 2002 Former subsidiary of Insteel Industries
Insteel Industries, Inc. President and Chief Operating Officer 1989 - ? Role ended upon promotion to CEO
Insteel Industries, Inc. Vice President 1988 - 1989 -
Rappahannock Wire Company President 1981 - 1989 Former subsidiary of Insteel Industries

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary $705,769 Annual 2024 Annual base salary for fiscal 2024
Change in Pension Value and Nonqualified Deferred Compensation Earnings $177,548 Fiscal 2024 Increase in actuarial present value under the SRP calculated at 5.0%
All Other Compensation $103,510 Fiscal 2024 Comprises Dividend Equivalents on RSUs ($67,233 ), Death Benefit Value ($6,858 ), and 401(k) Matching ($17,920 )

Performance Compensation

Data from  FY 2024

Stock Awards

Grant Date Number of RSUs Grant Date Fair Value ($) Grant Date Stock Price ($) Vesting Date
February 13, 20245,036 $175,001 $34.75 February 13, 2027
August 13, 20248,806 $281,264 $31.94 August 13, 2027

Option Awards

Grant Date Number of Options Exercise Price ($) Grant Date Fair Value ($) Vesting Schedule
February 13, 202413,369 $34.75 $175,000 One-third vest each year
August 13, 202421,735 $31.94 $281,251 One-third vest each year

Non-Equity Incentive Plan Compensation (ROCICP)

Metric ValueDetails
Target$1,411,538 100% of base salary
Maximum$2,104,016 200% of base salary
ThresholdNot applicable No threshold amount payable
WACC10.0% Set for fiscal 2024 based on estimated cost of debt and equity
CalculationReturn on Capital = Net Operating Profit After Tax / Invested Capital Formula-based with no subjective adjustments

*Note: The aggregate grant date fair value for stock and option awards is $912,516. *