Tammy McComic
About Tammy McComic
Tammy L. McComic, age 56, is President, Chief Financial Officer, Treasurer, and Assistant Secretary of Mexco Energy Corporation. She joined Mexco in 2001 and has served as President & CFO since September 2011; she is a Certified Public Accountant . Company performance during FY 2025: net income of $1,712,368 (+27% YoY) and operating revenues of $7,358,066 (+11% YoY); diluted EPS was $0.81 . As of the FY 2025 proxy record date, Mexco had 2,046,000 shares outstanding .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Mexco Energy Corporation | President & Chief Financial Officer | Sep 2011–present | Not disclosed |
| Mexco Energy Corporation | Executive Vice President & Chief Financial Officer | 2009–2011 | Not disclosed |
| Mexco Energy Corporation | Vice President & Chief Financial Officer | 2003–2009 | Not disclosed |
| Mexco Energy Corporation | Controller, Treasurer & Assistant Secretary | 2001–2003 | Not disclosed |
External Roles
No external directorships or outside roles disclosed for Ms. McComic in the proxy statements .
Fixed Compensation
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Base Salary ($) | $224,445 | $235,997 | $235,442 |
| Cash Bonus ($) | $55,000 | $57,750 | $57,750 |
| Option Awards – Grant-date FV ($) | $311,000 | $218,250 | $0 |
Notes:
- No target bonus percentage disclosed; annual cash incentives are determined subjectively by the Compensation Committee (no formula) .
Performance Compensation
Option Grants (structure)
| Grant | Shares | Exercise Price ($/sh) | Grant Date | Vesting | Term |
|---|---|---|---|---|---|
| Employee Incentive Stock Plan award | 25,000 | $12.68 | 04/12/2023 | Vests equally over 4 years beginning 1st anniversary | 10 years |
Outstanding Equity Awards (as of 3/31/2025)
| Exercise Price ($/sh) | Expiration | Vested Options (#) | Unvested Options (#) |
|---|---|---|---|
| $4.84 | 09/11/2028 | 25,000 | 0 |
| $3.34 | 03/04/2030 | 23,528 | 0 |
| $8.51 | 07/25/2031 | 18,603 | 6,250 |
| $18.05 | 08/22/2032 | 12,500 | 12,500 |
| $12.68 | 04/12/2033 | 6,250 | 18,750 |
Option Exercises
| Fiscal Year | Options Exercised (#) | Value Realized ($) |
|---|---|---|
| FY 2025 | 10,619 | $76,310 |
Comp plan design:
- Annual incentive (cash bonus) and long-term equity incentives to align interests; the company does not disclose quantified performance metrics or weightings for executive bonuses .
Equity Ownership & Alignment
| Record Date | Beneficial Ownership (shares) | Percent of Class | Options Exercisable within 60 Days (shares) |
|---|---|---|---|
| 07/22/2024 | 88,568 | 4.08% | 85,881 |
| 07/23/2025 | 107,318 | 4.99% | 104,631 |
Additional alignment details:
- No stock ownership requirements policy; the company does not disclose hedging or pledging policies in the proxies reviewed .
- Director and officer security ownership table indicates individual beneficial ownership includes shares subject to options exercisable within 60 days .
Employment Terms
- No employment contracts or change-of-control (CoC) agreements for executives; equity awards under the Stock Plans accelerate upon change of control or certain terminations (awards become immediately vested and fully exercisable) .
- If a CoC or qualifying termination occurred as of 3/31/2025, 45,375 stock options held by Named Executive Officers (group) would have automatically vested .
- Benefits: major medical, dental, life insurance (max term payout $30,000), short-term disability ($200/week up to 13 weeks) .
- Equity programs capacity (as of 3/31/2025): 2019 Plan – 115,883 options outstanding (WAE $10.93), 68,500 shares available; 2009 Plan – 35,000 options outstanding (WAE $4.84) .
Company Performance (context for pay-for-performance)
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenues ($) | 9,380,623 | 6,462,647 | 7,116,485 |
| EBITDA ($) | 6,716,879* | 3,834,865* | 4,382,085* |
| Net Income ($) | 4,662,702 | 1,344,952 | 1,712,368 |
Values retrieved from S&P Global for cells marked with an asterisk.
Additional disclosed performance highlights:
- FY 2025 operating revenues were $7,358,066 (+11% YoY) and net income was $1,712,368 (+27% YoY); diluted EPS was $0.81 .
- CFO commentary on liquidity: approximately $2.2 million cash on hand and no outstanding indebtedness on bank line of credit as of FY 2025 filing .
Investment Implications
- Alignment: McComic’s beneficial ownership is material at ~5% with substantial options exercisable within 60 days (104,631 as of 7/23/2025), indicating meaningful personal exposure to MXC’s equity . The absence of stock ownership requirements and undisclosed hedging/pledging policies is a governance gap that could weaken alignment if hedging or pledging were permitted .
- Retention and selling pressure: Scheduled vesting from the April 2023 option grant (equal tranches over four years) creates recurring potential supply; her FY 2025 exercise (10,619 options; $76,310 value realized) evidences active monetization, which may contribute to episodic selling pressure around vest dates .
- Incentive design vs performance: Bonuses are discretionary/subjective with no disclosed quantitative performance metrics or weights, limiting pay-for-performance transparency. Equity options comprise the long-term incentive, and all awards accelerate upon CoC or certain terminations—this can reduce retention risk in a sale but may create “sale event” incentives typical of small-cap E&Ps .
- Execution context: FY 2025 profitability improved despite lower commodity prices; management plans continued participation in horizontal drilling programs with disciplined capital (e.g., ~$1.2 million expected for FY 2026), suggesting operational focus under McComic’s finance leadership .