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Hurco Companies Executive Compensation (FY25)

HURC · Indianapolis, IN · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): March 16, 2026
15 filings cited on this page
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Hurco Companies brief$1,500Get the executive brief
293 figures on this page: 282 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Gregory Volovic
Latest say-on-pay support
=
March 12, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2023 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Gregory Volovic: $2,318,419 → $2,023,603 (12.7% lower)
CEO pay ratio: 34:1 → 42:1 (23.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Hurco Companies' chief executive and what were they paid?
Total compensation for Gregory Volovic, President and Chief Executive Officer, came to $2,023,603 in fiscal 2025. Volovic's total moved 12.7% lower from the $2,318,419 reported for fiscal 2023.
What was Hurco Companies' say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.2% of votes cast for or against in favor at the meeting held March 12, 2026 for fiscal 2025.
Which companies are in Hurco Companies' peer group?
The disclosed peer group names Ampco-Pittsburgh Corporation, Broadwind, Inc., Core Molding Technologies, Inc., Douglas Dynamics, Inc. and Energy Recovery, Inc., among others.
What is Hurco Companies' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 42:1, against median employee compensation of $47,819.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Volovic
President and Chief Executive Officer
◇—◇◇◇——◇
Michael Doar
Executive Chairman
◇—◇—◇—◇◇
Sonja McClelland
Executive Vice President, Treasurer and Chief Financial Officer
◇—◇◇◇——◇
Jonathon Wright
General Counsel and Corporate Secretary
◇—◇◇◇——◇
HaiQuynh Jamison
Corporate Controller and Principal Accounting Officer
◇—◇◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Volovic
President and Chief Executive Officer
◇◇◇—◇—◇◇
Michael Doar
Executive Chairman
◇◇◇—◇—◇◇
Sonja McClelland
Executive Vice President, Treasurer and Chief Financial Officer
◇◇◇—◇—◇◇
Jonathon Wright
General Counsel and Corporate Secretary
◇◇◇—◇—◇◇
HaiQuynh Jamison
Corporate Controller and Principal Accounting Officer
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Volovic
President and Chief Executive Officer
◇—◇———◇◇
Michael Doar
Executive Chairman
◇—◇———◇◇
Sonja McClelland
Executive Vice President, Treasurer and Chief Financial Officer
◇—◇———◇◇
Jonathon Wright
General Counsel and Corporate Secretary
◇—◇———◇◇
HaiQuynh Jamison
Corporate Controller and Principal Accounting Officer
◇—◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Gregory S. VolovicRSA◇——◇——◇
Gregory S. VolovicPSU◇◇◇—◇—◇
Gregory S. VolovicPSU◇◇◇—◇—◇
HaiQuynh JamisonPSU◇◇◇—◇—◇
HaiQuynh JamisonPSU◇◇◇—◇—◇
HaiQuynh JamisonRSA◇——◇——◇
Jonathon D. WrightPSU◇◇◇—◇—◇
Jonathon D. WrightPSU◇◇◇—◇—◇
Jonathon D. WrightRSA◇——◇——◇
Michael DoarRSA◇——◇——◇
Michael DoarPSU◇◇◇—◇—◇
Michael DoarPSU◇◇◇—◇—◇
S-T CompensationRSA◇——◇——◇
S-T CompensationPSU◇◇◇—◇—◇
Sonja K. McClellandPSU◇◇◇—◇—◇
Sonja K. McClellandRSA◇——◇——◇
Sonja K. McClellandPSU◇◇◇—◇—◇
Fiscal 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
HaiQuynh JamisonPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Gregory VolovicPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Sonja McClellandRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Michael DoarPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jonathon WrightRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Gregory Volovic
President and Chief Executive Officer · Employment agreement · citing a 2012 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
HaiQuynh Jamison
Corporate Controller and Principal Accounting Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Michael Doar
Executive Chairman · Employment agreement · citing a 2012 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Sonja McClelland
Executive Vice President, Treasurer and Chief Financial Officer · Employment agreement · citing a 2012 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Porter
◇◇————◇
Janaki Sivanesan
◇◇————◇
Timothy J. Gardner
◇◇————◇
Cynthia Dubin
◇◇————◇
Jay C. Longbottom
◇◇————◇
Benjamin Rashleger
◇◇————◇
Thomas A. Aaro
◇—————◇
Gregory S. Volovic, Michael Doar and Lawrence G. Keyler served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Equity is delivered as Restricted Shares.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ampco-Pittsburgh Corporation AP
  • Broadwind, Inc. BWEN
  • Core Molding Technologies, Inc. CMT
  • Douglas Dynamics, Inc. PLOW
  • Energy Recovery, Inc. ERII
  • FARO Technologies, Inc. FARO
  • Graham Corporation GHM
  • Key Tronic Corporation KTCC
  • nLIGHT, Inc. LASR
  • Omega Flex, Inc. OFLX
  • Perma-Pipe Int’l Holdings, Inc. symbol not shown
  • Proto Labs, Inc. PRLB
  • The Eastern Company EML
  • Transcat, Inc. TRNS
  • Twin Disc, Incorporated TWIN
  • Velo3D, Inc. VELO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025March 12, 2026=◇◇◇
2024March 13, 2025=◇◇◇
2023March 14, 2024=◇◇◇
2022March 9, 2023=◇◇◇
2021March 10, 2022=◇◇◇
2020March 11, 2021=◇◇◇
2019March 12, 2020=◇◇◇
2018March 14, 2019=◇◇◇
2017March 15, 2018=◇◇◇
2016March 9, 2017=◇◇◇
2015March 10, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Hurco Companies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Hurco Companies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
293 figures on this page: 282 cited to the filing that reported them, 11 calculated from figures it prints.
282 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-028523
  2. 0001104659-26-007238
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Director Compensation Table · and 3 more sections
  3. 0001558370-25-003075
  4. 0001558370-24-003387
  5. 0001104659-24-007544
    SUMMARY COMPENSATION TABLE
  6. 0001558370-23-003399
  7. 0001104659-23-005763
    Summary Compensation Table
  8. 0001558370-22-003380
  9. 0001558370-21-002920
  10. 0001104659-20-032792
  11. 0001144204-19-014138
  12. 0001144204-18-015126
  13. 0001144204-17-013904
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001144204-16-087278
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001144204-12-015629
    EX-10.11 · EX-10.7 · EX-10.9
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Hurco Companies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/HURC (accessed 2026).
Short form: data: Velarion

The Hurco Companies brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Hurco Companies discloses

The companies named in HURC's own disclosed peer group.

Ampco-Pittsburgh CorporationCore Molding Technologies, Inc.Douglas Dynamics, Inc.Energy Recovery, Inc.FARO Technologies, Inc.Graham CorporationKey Tronic CorporationnLIGHT, Inc.Omega Flex, Inc.Proto Labs, Inc.Transcat, Inc.Twin Disc, IncorporatedVelo3D, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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