NATIONAL PRESTO INDUSTRIES INC (NPK)

Sector: Industrials

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2026 Annual Meeting Analysis

NATIONAL PRESTO INDUSTRIES INC · Meeting: May 19, 2026

Policy v1.2high confidenceView Filing ↗
For informational purposes only. This AI-generated analysis applies a published voting policy to publicly available proxy filings. It does not constitute investment advice, proxy voting advice, or a solicitation of any kind. AI analysis may be incomplete or inaccurate — always review the actual filing and make your own independent decision.

Directors FOR

2

Directors AGAINST

0

Say on Pay

FOR

Auditor

FOR

Director Elections

Election of Directors

2 FOR
✓ FOR
Randy F. Lieble

Lieble has served since 2008 and has deep financial expertise as a former CFO; NPK's 3-year price return of +119.7% outperforms the sector ETF benchmark (XLI — fallback; no named peer group) by +39.5pp, well below the 65pp threshold needed to trigger an against vote, and no other policy flags apply.

✓ FOR
Joseph G. Stienessen

Stienessen has served since 2005 and brings extensive CPA and accounting expertise; NPK's 3-year outperformance of +39.5pp versus XLI (fallback; no named peer group) does not meet the 65pp threshold to trigger a negative vote, and no other policy flags apply.

Both nominees are independent directors with relevant financial expertise; NPK's strong 3-year total shareholder return of +119.7% outperforms the XLI sector ETF fallback benchmark by +39.5pp, comfortably below the 65pp trigger threshold, so the TSR test supports FOR votes on the full slate.

Say on Pay

✓ FOR

CEO

Maryjo Cohen

Total Comp

$754,299

Prior Support

98.3%%

CEO Maryjo Cohen's total compensation of $754,299 is modest for a $1B industrial company and well within reasonable benchmarks for her title and sector. The prior say-on-pay vote received 98.3% support, reflecting broad shareholder satisfaction. While the pay mix is heavily weighted toward fixed salary — which is a yellow flag under policy — the overall compensation levels are low enough that this structural concern does not override a FOR vote; the company does have a clawback policy in place and restricted stock awards align executive interests with shareholders over a 5-year vesting horizon.

Auditor Ratification

✓ FOR

Auditor

RSM US LLP

Tenure

N/A

Audit Fees

$788,400

Non-Audit Fees

$23,200

Non-audit fees (tax services of $23,200) represent only about 2.9% of audit fees ($788,400), far below the 50% threshold that would raise independence concerns; auditor tenure is not disclosed so the tenure trigger cannot fire per policy; no restatements are noted; RSM US LLP is a large national firm appropriate for a $1B company.

Overall Assessment

This is a straightforward annual meeting ballot with three standard proposals: two director elections, auditor ratification, and an advisory say-on-pay vote. NPK's exceptional stock performance, low executive pay levels, clean auditor fee structure, and near-unanimous prior say-on-pay support all point to FOR votes across the entire ballot.

Filing date: April 14, 2026·Policy v1.2·high confidence

Compensation Peer Group

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