Company: NSSC
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001140361-25-039260
Chunk: 20

Company: NAPCO SECURITY TECHNOLOGIES, INC
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 20
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 $576,552 and $5,062,623 respectively. Had Mr. Soloway’s employment terminated on June 30, 2025 after a change of control, the Company would have been required to pay him $5,082,602 pursuant to his employment agreement. In addition, assuming a change of control on June 30, 2025, vesting of options to purchase 24,000 shares of Common Stock of the Company would have been accelerated. The value of such accelerated options would have been $154,900 based upon the closing price per share of $29.69 of the Company’s Common Stock on the NASDAQ Global Market on June 30, 2025. Mr. Carrieri’s agreement, as amended, terminates in August 2026 and provides for an annual salary of $390,497. Due to Mr. Carrieri’s promotion to Chief Technology Officer in May of 2024, his annual salary was increased to $440,000. Mr. Carrieri’s agreement, as amended, provides for payment equal to nine months of salary and six months of health insurance in the event of a non-voluntary termination of employment without cause or for any reason within three months of a change in control of the Company. Had either of such events occurred on June 30, 2025, the Company would have been required to pay him $343,588. Mr. Vuono’s agreement, provides for annual renewal and provides for an initial annual salary of $350,000. In May of 2025, Mr. Vuono was promoted to Chief Financial Officer and the Compensation Committee approved a salary increase to $400,000. On the first anniversary of employment, Mr. Vuono’s agreement, provides for payment equal to six months of salary and six months of health insurance in the event of a non-voluntary termination of employment without cause or for any reason or upon a change in corporate control of the Company employment ceases within three months thereof. Had either of such events occurred on June 30, 2025, the Company would have been required to pay him $254,042. In addition, the Company has a severance agreement with Kevin S. Buchel providing for payments equal to nine months of salary and six months of health insurance in the event of a non-voluntary termination of employment without cause or for any reason upon a change of control of the Company. Had Mr. Buchel’s employment been terminated on June 30, 2025 non-volunt