Company: INTG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001641172-25-003168
Chunk: 10

Company: INTERGROUP CORP
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 10
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 2023 |     | $      |  39,000 |    |     | $     |       - |     | $            |      - |    |     | $     |    39,000 | -3 |
| (Principal Financial Officer, Resigned August 
 2022)                                         |     |        |     |        |         |    |     |       |         |     |              |        |    |     |       |           |    |

(1)Mr. Winfield also serves as Chairman of the Board and Chief Executive Officer of the Company’s subsidiary Portsmouth. Mr. Winfield received a salary from Portsmouth in the amont of $433,000 in for the 2024 fiscal year. Mr. Winfield received a salary from Portsmouth in the aggregate amount of $433,000 for the 2023 fiscal year. The amounts include director’s fees totaling $6,000 for each fiscal year.

(2)Compensation for a portion of the salary of an assistant to Mr. Winfield.

(3)Salary was allocated approximately 50% to the Company and 50% to Portsmouth.

(4)Salary is allocated approximately 67% to the Company and 33% to Portsmouth.

| 8 |

Performance-Based Compensation

For the fiscal year ended June 30, 2024, the independent members of the respective Boards of Directors of the Company and the Company’s subsidiaries established a performance-based compensation program for the Company’s CEO, John V. Winfield, to keep and retain his services as a direct and active manager of the securities portfolios of those companies. According to the criteria established by the Board of Directors, Mr. Winfield is entitled to performance compensation for his management of the securities portfolios of the Company and its subsidiaries equal to 20% of all net investment gains generated over an annual return equal to the Prime Rate of Interest (as published by the Wall Street Journal) plus 2%. Compensation amounts are earned, calculated, and paid quarterly based on the results of the Company’s investment portfolio for that quarter. Should the companies have a net investment loss during any quarter, Mr. Winfield would not be entitled to any further performance-based compensation until the Company recoups any such investment losses. This performance-based compensation program may be modified or terminated at the discretion of the respective Boards of Directors. No performance-based compensation was earned or paid for the fiscal years ended June 30, 2024 or 2023.

<div align='center'>Pay Versus Performance