Cadre Holdings Corrects CEO's 'Unallocated Expense Reimbursement' from $34.5M to $194K in Proxy Supplement
summarizeSummary
Cadre Holdings filed a proxy supplement to correct a significant typographical error in its definitive proxy statement, reducing the CEO's reported 'unallocated expense reimbursement' from $34.5 million to $194,518.
check_boxKey Events
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Correction of CEO Expense Reimbursement
The company corrected a typographical error in its Summary Compensation Table, amending the 'All Other Compensation' for CEO Warren B. Kanders for fiscal year 2025. The 'unallocated expense reimbursement' component was revised from the previously reported $34.5 million to $194,518.
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Impact on Executive Compensation Perception
This correction significantly reduces the previously alarming figure for CEO compensation, addressing a major concern raised by the initial proxy statement. The revised amount is substantially lower and more in line with typical executive expenses.
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Supplement to Definitive Proxy Statement
This filing serves as a supplement to the Definitive Proxy Statement (DEF 14A) filed on April 24, 2026, for the upcoming Annual Meeting of Stockholders on May 29, 2026. Proxies previously submitted remain valid.
auto_awesomeAnalysis
This DEFA14A filing significantly corrects a previously reported executive compensation figure that had raised concerns. The prior DEF 14A on April 24, 2026, highlighted over $34.5 million in 'unallocated expense reimbursement' for the CEO. This supplement clarifies that the actual amount for 2025 was $194,518, attributing the discrepancy to a typographical error. This correction removes a major negative overhang and fundamentally alters the perception of executive compensation, making it appear far more reasonable than initially reported.
At the time of this filing, CDRE was trading at $30.49 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $25.73 to $48.76. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.