Company: BRID
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001493152-25-008406
Chunk: 34

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 34
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 Non-PEO NEOs for each year reported were as follows: |

| ● | 2024:                                                                                    
 Baron R. Bridgford II and Cindy Matthews-Morales.                                        |
| ● | 2023:                                                                                    
 William L. Bridgford, John V. Simmons, Baron R. Bridgford II and Cindy Matthews-Morales. |
| ● | 2022:                                                                                    
 William L. Bridgford, John V. Simmons, Baron R. Bridgford II and Raymond F. Lancy.       |

| (4) | The                                                                                                                                
 total shareholder return, or TSR, is determined based on the value of an initial fixed investment of $100 on October 29, 2021, the 
 last day of fiscal year 2021, through the last day of each fiscal year in the table.                                               |

Relationship Between Compensation Actually Paid and Cumulative Total Shareholder Return

As shown in the graph below, the compensation actually paid to our PEO, Michael W. Bridgford, and the average compensation actually paid to our Non-PEO NEOs during the covered fiscal years are directly correlated with each other since the PEO and each of the four Non-PEO NEOs for fiscal years 2022 and 2023 were members of the Executive Committee, which Committee acts in the capacity of the Chief Executive Officer of the Company. For fiscal year 2024, the PEO and the two Non-PEO NEOs comprised the Executive Committee. Each member of the Executive Committee receives the same base salary and discretionary cash bonus (if any), reduced on a pro-rata basis for any member working less than a full-time schedule (as was the case for Raymond F. Lancy during fiscal year 2022). While we utilize several performance measures to align executive compensation with the Company’s performance, they tend not to be directly tied to TSR. For example, part of the compensation our PEO and Non-PEO NEOs are eligible to receive consists of annual discretionary performance-based cash bonuses, which are designed to incentivize our executives to achieve positive Company financial results among other things and reward them for achievement of these results.

The graph below compares the compensation actually paid to our PEO, the average compensation actually paid to our Non-PEO NEOs, and the cumulative TSR. The TSR amounts in the graph assume that $100 was invested on October 29, 2021, and that all distributions or dividends, if any, were reinvested