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Company Executives

Management Team

From the 10-K annual report
Officer Age In this role Joined 2024 pay Source
Steven A. Hale II Also a director
Chairman, Chief Executive Officer and Director
41 Not stated Not stated $125,000
Anna A. Lieb
Principal Financial and Accounting Officer; Secretary
41 Since 2024
2 years
2023 $336,000

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Directors
3
serving now
Independent
0 of 1
stated in the proxy; 2 not stated
Average tenure
7.7 years
from year joined
CEO also chairs the board
Yes
Steven A. Hale II
Director Age On board Independent Committees Other public boards 2024 pay Source
Steven A. Hale II
41 2017
8 years
Not independent None stated None stated Paid as CEO
Jeffrey S. Gilliam
67 2015
10 years
Not stated None stated None stated $35,000
Peter M. Sherman
63 2020
5 years
Not stated None stated None stated $35,000

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

5 disclosed in the proxy filed May 13, 2025
HP LPT Holding Company LLC
controlled by Mr. Hale through his ownership of Hale Partnership Fund, L.P. and related entities
$500,000
October 2024

Company investment in HP LPT Holding Company LLC.

With the Company Open in proxy
HP Managing Agency, LLC
controlled by Mr. Hale
Monthly fee of $250,000
2024

Management advisory services engagement provided by the Company's subsidiary HGMA to HPMA and its affiliates for a monthly fee.

With HG Managing Agency, LLC Open in proxy
HP Holding Company, LLC
controlled by Mr. Hale through his ownership of Hale Partnership Fund, L.P. and related entities
$465,000
2024

Company received distributions from its equity investment in HP Holding Company, LLC.

With the Company Open in proxy
Assignors listed on Schedule A to the Contribution Agreement
HPCM, wholly owned by Mr. Hale, is investment manager for each Assignor; Mr. Hale is sole principal owner of the general partner of all but one Assignor
2,899,876 shares of Company common stock
April 21, 2025

Assignment and contribution of ACMAT Corporation shares to the Company in exchange for issuance of Company common stock to the Assignors.

With the Company Open in proxy
HP Risk Solutions, LLC
wholly-owned subsidiary of HP Holding Company, LLC, which is wholly owned by certain affiliates of Mr. Hale
$6 million per year over the course of three years
effective June 1, 2025

Master Services Agreement under which the Company provides managerial and operational services to HP Risk Solutions, LLC for annual consideration.

With the Company Open in proxy

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