Richard L. Soloway

President and Chief Executive Officer (CEO) at NAPCO Security Technologies Inc

Board

Since 1998

Age

78 years

Tenure

Joined NSSC in 1975 as Secretary, became Chairman of the Board in October 1981, and took on the role of President and CEO in 1998.

Also at NAPCO Security Technologies Inc

AJV

Andrew J. Vuono

Chief Financial Officer and Chief Accounting Officer

KSB

Kevin S. Buchel

President and Chief Operating Officer

Michael Carrieri

Executive Vice President of Engineering and Chief Technology Officer

About

Richard L. Soloway is a seasoned executive currently serving as the President, CEO, and Chairman of NSSC, and is 78 years old. His long-standing involvement with the company began in 1975 when he joined as Secretary, and his leadership evolved with his appointment as Chairman in October 1981, followed by his role as President and CEO in 1998.

Over more than 30 years in the security and electronics industry, he has played a crucial role in shaping NSSC’s strategic direction. With a strong entrepreneurial background, he founded NSSC and has also been involved in pioneering ventures in electric garage door openers and musical equipment manufacturing, which underscores his diverse expertise and innovative spirit.

In addition to his operational roles, he holds patents related to security products and has received awards such as Ernst & Young’s Entrepreneur of the Year, highlighting his contributions and leadership in the industry. His significant equity stake in NSSC further reflects his deep commitment and influence in steering the company towards continued success.

$NSSC Performance Under Richard L. Soloway

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$923,543	FY2024	Annual base salary for FY2024
All Other Compensation	$64,465	FY2024	Includes health and life insurance premiums: $40,710 ; automobile expenses: $19,180 ; and company discretionary matching contributions: $4,575

Performance Compensation

Data from FY 2024

Bonus

Amount: $834,237
Performance Metrics/Targets: No specific performance metrics, targets, thresholds, vesting schedule, or conditions provided

Option Awards

Metric	Option Award 1	Option Award 2
Shares Granted	6,000 shares	40,000 shares
Exercise Price	$26.94	$22.50
Vesting Schedule	2,000 shares vest on August 25 in each of 2024, 2025, and 2026	20,000 shares vest on October 19 in each of 2024 and 2025
Expiration Date	August 24, 2032	October 18, 2031
Performance Metrics/Targets	Time-based vesting; no performance conditions provided	Time-based vesting; no performance conditions provided