Company: NSSC
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001140361-25-039260
Chunk: 15

Company: NAPCO SECURITY TECHNOLOGIES, INC
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 15
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 with Mr. Carrieri 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 of the officer without cause. 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. We believe these changes in control and severance arrangements help to retain these executive talents by providing them with a sense of commitment by the Company to them. Compensation Committee Interlocks and Insider Participation During fiscal 2025, Messrs. Paterson, Wilder and Lazio served as members of our Compensation Committee. No member of the Compensation Committee was an employee or officer of the Company during 2025, a former officer of the Company, or had any other relationship with us requiring disclosure herein. During the last fiscal year, none of our executive officers served as a member of the Board of Directors or committee thereof of any other entity. COMPENSATION COMMITTEE REPORT The Compensation Committee of the Board of Directors hereby reports as follows:

| 1. | The Compensation Committee has reviewed, and discussed with management, the Company’s Compensation Discussion & Analysis (“CD&A”) appearing on pages11-13of this proxy statement. |

| The Compensation Committee: |
| Rick Lazio (Chairman)       |
| Andrew J. Wilder            |
| David A. Paterson           |

The foregoing report of the Compensation Committee shall not be deemed to be soliciting material, to be filed with the SEC or to be incorporated by reference into any of our previous or future filings with the SEC, except as otherwise explicitly specified by us in any such filing. INCENTIVE COMPENSATION CLAWBACK POLICY The Company has adopted an Incentive Compensation Clawback Policy that complies with Section 10D of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the NASDAQ listing standards. The Incentive Compensation Clawback Policy applies to the Company’s current and former executive officers subject to Section 16 of the Exchange Act (“Section 16 Officers”). Under this policy, the Company must recover erroneously awarded incentive-based compensation on a pre-tax basis, subject to limited exceptions, in the event the Company is required to prepare an accounting restatement. This policy requires recovery of erroneously awarded incentive compensation received after October 2, 2023 (the “Effective Date of the Rule) regardless of