Company: FCAP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033880
Chunk: 22

Company: FIRST CAPITAL INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 22
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 period which results in overlapping expenses paid to both groups. From fiscal year 2023 to fiscal year 2024, the compensation actually paid to the PEO decreased by 3.4% while the average of the compensation actually paid to the other Non-PEO NEOs increased by 3.1%. The Company’s TSR increased by 19.6% over the same period. Relationship Between Compensation Actually Paid to PEO and the Average of the Compensation Actually Paid to Other Non-PEO NEOs and the Company's Net Income.From fiscal year 2022 to fiscal year 2023, the compensation actually paid to the PEO and the average of the compensation actually paid to the other Non-PEO NEOs increased by 20.0% and 34.8%, respectively. The Company’s net income increased by 7.5% over the same period. The Company attributes this difference between performance and pay at least partially to the transitions of our PEO and Non-PEO NEOs during this period which results in overlapping expenses paid to both groups. From fiscal year 2023 to fiscal year 2024, the compensation actually paid to the PEO decreased by 3.4% while the average of the compensation actually paid to the other Non-PEO NEOs increased by 3.1%. The Company’s net income decreased by 6.6% over the same period. OTHER INFORMATION RELATING TO DIRECTORS AND EXECUTIVE OFFICERS Section 16(a) Beneficial Ownership Reporting Compliance Section 16(a) of the 1934 Act, requires the Company’s executive officers and directors, and persons who own more than 10% of any registered class of the Company’s equity securities, to file reports of ownership and changes in ownership with the Securities Exchange Commission. Executive officers, directors and greater than 10% shareholders are required by regulation to furnish the Company with copies of all Section 16(a) reports they file. Based solely on its review of the copies of the reports it has received and written representations provided to the Company from the individuals required to file the reports, the Company believes that each of its executive officers, directors and greater than 10% beneficial owners has complied with applicable reporting requirements for transactions in First Capital common stock during the fiscal year ended December 31, 2024. Transactions with Related Persons The Sarbanes-Oxley Act generally prohibits First Capital from extending loans to its executive officers and directors. However, the Sarbanes-Oxley Act contains a