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BK Technologies Corp (NYSE:BKTI) announced Monday that its board’s compensation committee approved performance-based stock option awards for Chief Executive Officer John M. Suzuki and Chief Financial Officer Scott A. Malmanger. The grants were made under the company’s 2025 Incentive Compensation Plan and are intended to cover all long-term incentive award opportunities for both executives from fiscal years 2025 through 2029.
According to a press release statement, Suzuki received options valued at $2,800,000, representing 112,391 performance stock options. Malmanger received options valued at $1,250,000, representing 50,175 performance stock options. The options have an exercise price of $42.81 per share, matching the company’s closing stock price on the grant date, and a 10-year term.
The options will vest and become exercisable, if at all, on July 10, 2030, contingent upon the achievement of specified share price targets and the executives’ continued employment through the fifth anniversary of the grant date. The vesting schedule is based on the company’s stock reaching average volume weighted prices for 20 consecutive trading days at or above certain thresholds during the five-year performance period. The targets are $70.00, $100.00, $130.00, $160.00, and $190.00 per share, with corresponding portions of the awards earned at each level.
If an executive’s employment is terminated due to death, disability, or retirement (defined as voluntary termination at least three years after the grant date and after age 72), previously earned options will become immediately vested. In the event of a change in control, the options will vest on a double-trigger basis if share price targets have been achieved, as governed by the terms of the stock option agreements.
The company also amended the employment agreements with both executives to clarify that the treatment of the new performance stock options in a change in control scenario will be governed by the stock option agreements rather than prior employment agreement terms. With analysts forecasting EPS of $3.06 for fiscal year 2025 and the next earnings report due on August 7, 2025, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including BKTI.
All information is based on a press release statement contained in the company’s SEC filing.
In other recent news, BK Technologies reported a 4.5% year-over-year increase in revenue for the first quarter of 2025, reaching $19.1 million. The company achieved a net income of $2.1 million, or $0.55 per diluted share, marking its seventh consecutive quarter of profitability. BK Technologies also reported a significant improvement in its gross profit margin, which rose to 47% from 34.5% in the same period last year. The company continues to benefit from strong demand for its BKR 5000 and BKR 9000 radios, which are key drivers of its financial performance. Additionally, the company has set ambitious targets for 2025, aiming for single-digit full-year revenue growth and maintaining a gross margin of at least 42%. BK Technologies is preparing for potential tariff impacts on products manufactured in Mexico, Vietnam, and China, which could affect its earnings per share targets. The company has no debt and holds $8.9 million in cash and cash equivalents, with a working capital of $24.6 million. CEO John Suzuki expressed confidence in the company’s growth trajectory, emphasizing the strategic opportunities presented by the BKR 9000 radio.
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