Company: OCC
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001437749-25-005577
Chunk: 41

Company: OPTICAL CABLE CORP
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 41
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 the shareholders. A copy of the Equity Ownership and Retention Policy for Non-Employee Directorscan be found on the Company’s website at www.occfiber.com/investor-relations/under“Corporate Governance”.

Compensation of Directors

Compensation for each non-employee director includes an annual cash retainer of $45,000 plus cash retainers of $6,250, $5,000 and $3,000 for Members of the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board of Directors of the Company, respectively. An additional cash retainer of $4,750, $4,500, and $4,250 is included for the Chairs of the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee, respectively, for their service as chairs. Cash retainers have been paid in quarterly installments during the 2024-2025 Board Year.

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Each director also received a stock award grant on May 17, 2024 for 9,990 Common Shares, subject to time vesting on May 18, 2025, as part of their compensation for services during the 2024-2025 Board Year.

The annual cash retainer includes compensation for attendance at Board meetings, Audit Committee meetings, Compensation Committee meetings, and Nominating and Corporate Governance Committee meetings. The Company does not provide pensions, medical benefits or other benefit programs to non-employee directors.

The Chairman, President and Chief Executive Officer did not receive any compensation for his services as Director, but does receive compensation as an employee of the Company. No other employees of the Company are members of the Board of Directors.

Non-Employee Director Compensation Table

The following table details the total compensation earned by the Company’s non-employee directors during the fiscal year ended October 31, 2024:

| Name               |     | Cash Retainers 
 Earned (1)     |        |     | Stock Awards 
 ($) (2)      |        |     | Total |        |
|:-------------------|:----|:---------------|-------:|:----|:-------------|-------:|:----|:------|-------:|
| Randall H. Frazier |     | $              | 63,500 |     | $            | 27,473 |     | $     | 90,973 |
| John M. Holland    |     |                | 48,000 |     |