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Richard L. Soloway

President and Chief Executive Officer (CEO) at NAPCO SECURITY TECHNOLOGIES
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

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Andrew J. Vuono
Chief Financial Officer and Chief Accounting Officer
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Kevin S. Buchel
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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 NameAmountPayment ScheduleAdditional 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

MetricOption Award 1Option Award 2
Shares Granted6,000 shares 40,000 shares
Exercise Price$26.94 $22.50
Vesting Schedule2,000 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 DateAugust 24, 2032 October 18, 2031
Performance Metrics/TargetsTime-based vesting; no performance conditions provided Time-based vesting; no performance conditions provided