CIRRUS LOGIC, INC., DEF 14A filed on 6/1/2023
Proxy Statement (definitive)
v3.23.1
Cover
12 Months Ended
Mar. 25, 2023
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Cirrus Logic, Inc.
Entity Central Index Key 0000772406
v3.23.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Mar. 25, 2023
Mar. 26, 2022
Mar. 27, 2021
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Fiscal YearSCT Total to PEO (Forsyth)Compensation Actually Paid to PEO (Forsyth)SCT Total to PEO (Rhode)Compensation Actually Paid to PEO (Rhode)Average SCT Total for Non-PEO NEOsAverage Compensation Actually Paid to Non-PEO NEOsValue of Initial Fixed $100 Investment Based On:Net Income ($000s)Company Selected Measure:

Operating Profit Margin
Company TSRPeer Group TSR
(a)(b)(c)(b')(c')(d)(e)(f)(g)(h)(i)
2023$8,393,825 $11,345,556 N/AN/A$2,393,470 $2,704,444 $171 $219 $176,703 24.9 %
2022$6,624,468 $6,333,653 N/AN/A$1,737,270 $1,433,114 $142 $243 $326,355 26.5 %
2021$3,835,080 $4,824,068 $2,158,910 $2,782,421 $1,676,775 $1,925,001 $134 $212 $217,344 22.4 %
   
Company Selected Measure Name Operating Profit Margin    
Named Executive Officers, Footnote [Text Block] The principal executive officers (PEOs) reflected in columns (b), (c), (b’), and (c’) are John M. Forsyth, our current Chief Executive Officer, and Jason P. Rhode, our former Chief Executive Officer. Dr. Rhode was a PEO during fiscal year 2021 but not during fiscal year 2023 or 2022.The non-principal executive officer named executive officers (“NEOs”) reflected in columns (d) and (e) reflect the following individuals:
FY2023: Venk Nathamuni, Thurman K. Case, Denise Grodé, Gregory S. Thomas, and Jeffrey W. Baumgartner
FY2022: Thurman K. Case, Gregory S. Thomas, Jeffrey W. Baumgartner, and Andy Brannan
FY2021: Thurman K. Case, Gregory S. Thomas, Jeffrey W. Baumgartner, and Jo-Dee M. Benson
   
Peer Group Issuers, Footnote [Text Block] The Peer Group TSR of column (g) and within this Pay Versus Performance Disclosure corresponds to the Philadelphia Semiconductor Index (“PHLX Semiconductor”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the fiscal year ended March 25, 2023. The comparison assumes $100 was invested in the Company and in the PHLX Semiconductor, respectively, for the period beginning after markets closed on last trading day before the earliest fiscal year in the table through the end of the noted fiscal year in the table.    
PEO Actually Paid Compensation Amount $ 11,345,556 $ 6,333,653  
Adjustment To PEO Compensation, Footnote [Text Block]
Fiscal YearSalaryBonusNon-Equity Incentive Plan CompensationStock and Option Award CompensationOther CompensationSummary Compensation Table TotalDeductions from Summary Compensation Table TotalAdjustments to Summary Compensation Table TotalCompensation Actually Paid
(i)(ii)(iii)(iv)
2023$700,000 $— $1,182,058 $6,500,117 $11,650 $8,393,825 $(6,500,117)$9,451,848 $11,345,556 
2022$613,077 $— $1,497,350 $4,500,031 $14,010 $6,624,468 $(4,500,031)$4,209,216 $6,333,653 
2021 (Forsyth)$443,077 $— $868,132 $2,509,489 $14,382 $3,835,080 $(2,509,489)$3,498,477 $4,824,068 
2021 (Rhode)$692,308 $— $1,457,042 $— $9,560 $2,158,910 $— $623,511 $2,782,421 
FY2023
(Forsyth)
Fair Value of Current Year Equity Awards at 3/25/2023Change in Fair Value of Prior Year Unvested Equity Awards at 3/25/2023Change in Fair Value of Prior Year Equity Awards that Vested in FY2023Equity Adjustment Included in Compensation Actually Paid
Equity Type(a)(b)(c)(d) = (a) + (b) + (c)
RSUs$2,234,918 $523,074 $198,312 $2,956,304 
PSUs$2,412,067 $1,380,056 $(36,068)$3,756,055 
Options$2,287,051 $566,644 $(114,206)$2,739,489 
Total$6,934,036 $2,469,774 $48,038 $9,451,848 
FY2022
(Forsyth)
Fair Value of Current Year Equity Awards at 3/26/2022Change in Fair Value of Prior Year Unvested Equity Awards at 3/26/2022Change in Fair Value of Prior Year Equity Awards that Vested in FY2022Equity Adjustment Included in Compensation Actually Paid
Equity Type(a)(b)(c)(d) = (a) + (b) + (c)
RSUs$1,494,764 $163,758 $(119,378)$1,539,144 
PSUs$1,519,058 $(146,903)$(244,199)$1,127,956 
Options$1,482,061 $104,691 $(44,636)$1,542,116 
Total$4,495,883 $121,546 $(408,213)$4,209,216 
FY2021
(Forsyth)
Fair Value of Current Year Equity Awards at 3/27/2021Change in Fair Value of Prior Year Unvested Equity Awards at 3/27/2021Change in Fair Value of Prior Year Equity Awards that Vested in FY2021Equity Adjustment Included in Compensation Actually Paid
Equity Type(a)(b)(c)(d) = (a) + (b) + (c)
RSUs$1,010,730 $742,157 $55,600 $1,808,487 
PSUs$742,965 $(344,986)$— $397,979 
Options$938,430 $293,886 $59,695 $1,292,011 
Total$2,692,125 $691,057 $115,295 $3,498,477 
FY2021
(Rhode)
Fair Value of Current Year Equity Awards at 3/27/2021Change in Fair Value of Prior Year Unvested Equity Awards at 3/27/2021Change in Fair Value of Prior Year Equity Awards that Vested in FY2021Equity Adjustment Included in Compensation Actually Paid
Equity Type(a)(b)(c)(d) = (a) + (b) + (c)
RSUs$— $891,053 $173,750 $1,064,803 
PSUs$— $(1,103,182)$(625,600)$(1,728,782)
Options$— $1,064,049 $223,441 $1,287,490 
Total$— $851,920 $(228,409)$623,511 
   
Non-PEO NEO Average Total Compensation Amount $ 2,393,470 1,737,270 $ 1,676,775
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,704,444 1,433,114 1,925,001
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Fiscal YearSalaryBonusNon-Equity Incentive Plan CompensationStock and Option Award CompensationOther CompensationSummary Compensation Table TotalDeductions from Summary Compensation Table TotalAdjustments to Summary Compensation Table TotalCompensation Actually Paid
(i)(ii)(iii)(iv)
2023$400,929 $42,000 $422,520 $1,465,118 $62,902 $2,393,470 $(1,465,118)$1,776,092 $2,704,444 
2022$408,257 $— $712,785 $600,074 $16,155 $1,737,270 $(600,074)$295,918 $1,433,114 
2021$380,249 $— $500,338 $783,353 $12,836 $1,676,775 $(783,353)$1,031,579 $1,925,001 
i.Reflects average of one-time cash signing bonuses reported in the SCT for our NEOs for each fiscal year shown.
ii.Reflects “all other compensation” reported in the SCT for each fiscal year shown.
iii.Represents the grant date fair value of equity-based awards granted each year as determined in accordance with FASB ASC Topic 718.
iv.Reflects the value of equity awards calculated in accordance with the SEC methodology for determining CAP (as set forth in Item 402(v) of Regulation S-K) for each fiscal year shown. The equity component of CAP for each covered fiscal year is further detailed in the supplemental tables immediately below, where column (a) represents the fair value of equity awards granted during the covered fiscal year that are outstanding and unvested as the end of the covered fiscal year, column (b) reflects the change in fair value of any outstanding and unvested equity awards granted in any prior fiscal year from the end of such prior fiscal year to the end of the covered fiscal year, and column (c) reflects the change in fair value of any equity awards granted in any prior fiscal year from the end of the prior fiscal year to the vesting date at the end of or during the covered fiscal year.
FY2023Average Fair Value of Current Year Equity Awards at 3/25/2023Average Change in Fair Value of Prior Year Unvested Equity Awards at 3/25/2023Average Change in Fair Value of Prior Year Equity Awards that Vested in FY2023Equity Adjustment Included in Compensation Actually Paid
Equity Type(a)(b)(c)(d) = (a) + (b) + (c)
RSUs$656,263 $51,670 $(106,862)$601,071 
PSUs$459,696 $134,568 $(60,710)$533,554 
Options$687,446 $60,702 $(106,681)$641,467 
Total$1,803,405 $246,940 $(274,253)$1,776,092 
FY2022Average Fair Value of Current Year Equity Awards at 3/26/2022Average Change in Fair Value of Prior Year Unvested Equity Awards at 3/26/2022Average Change in Fair Value of Prior Year Equity Awards that Vested in FY2022Equity Adjustment Included in Compensation Actually Paid
Equity Type(a)(b)(c)(d) = (a) + (b) + (c)
RSUs$199,319 $35,456 $(92,461)$142,314 
PSUs$202,583 $(105,146)$(148,911)$(51,474)
Options$195,545 $50,133 $(40,600)$205,078 
Total$597,447 $(19,557)$(281,972)$295,918 
FY2021Average Fair Value of Current Year Equity Awards at 3/27/2021Average Change in Fair Value of Prior Year Unvested Equity Awards at 3/27/2021Average Change in Fair Value of Prior Year Equity Awards that Vested in FY2021Equity Adjustment Included in Compensation Actually Paid
Equity Type(a)(b)(c)(d) = (a) + (b) + (c)
RSUs$315,521 $257,430 $38,399 $611,350 
PSUs$231,896 $(327,246)$(78,200)$(173,550)
Options$288,566 $249,545 $55,668 $593,779 
Total$835,983 $179,729 $15,867 $1,031,579 
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block] 549755847081    
Compensation Actually Paid vs. Net Income [Text Block] 549755847090    
Compensation Actually Paid vs. Company Selected Measure [Text Block] 549755847093    
Tabular List [Table Text Block] Cirrus Logic considers the following, listed in no particular order, to be the most important financial performance measures it uses to link compensation actually paid to its NEOs, for fiscal year 2023, to Company performance.
- Operating Profit Margin
- Revenue Growth
- Relative TSR
   
Total Shareholder Return Amount $ 171 142 134
Peer Group Total Shareholder Return Amount 219 243 212
Net Income (Loss) $ 176,703,000 $ 326,355,000 $ 217,344,000
Company Selected Measure Amount 0.249 0.265 0.224
PEO Name John M. Forsyth John M. Forsyth Jason P. Rhode
Additional 402(v) Disclosure [Text Block] The Net Income of column (h) is GAAP net income as reported under the Company’s Consolidated Statements of Income on Form 10-K for the applicable fiscal year.    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name - Operating Profit Margin    
Non-GAAP Measure Description [Text Block] The Operating Profit Margin of column (i) corresponds to the metric defined in our 2007 Management and Key Individual Contributor Incentive Plan (“Incentive Plan”), which is used (along with revenue growth) in the calculation of cash bonuses. This Operating Profit Margin metric is discussed in the CD&A subsection entitled, “Incentive Plan Pay-Out Percentage” of the Company’s proxy statements. Effective fiscal year 2023 (and as disclosed herein and in our fiscal year 2022 proxy statement), the definition of Operating Profit Margin was changed with the intention that Operating Profit Margin would be equivalent to our publicly-reported non-GAAP operating profit. The figures presented in column (i) for fiscal years 2022 and 2021 are calculated under this current definition of Operating Profit Margin, aligning with our non-GAAP operating profit figures for those fiscal years.    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name - Revenue Growth    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name - Relative TSR    
Forsyth [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount $ 8,393,825 $ 6,624,468 $ 3,835,080
PEO Actually Paid Compensation Amount 11,345,556 6,333,653 4,824,068
Rhode [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount     2,158,910
PEO Actually Paid Compensation Amount     2,782,421
PEO [Member] | Forsyth [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 9,451,848 4,209,216 3,498,477
PEO Compensation Amount, Salary 700,000 613,077 443,077
PEO Compensation Amount, Bonus 0 0 0
PEO Compensation Amount, Non-Equity Incentive Plan Compensation 1,182,058 1,497,350 868,132
PEO Compensation Amount, Stock and Option Award Compensation 6,500,117 4,500,031 2,509,489
PEO Compensation Amount, Other Compensation 11,650 14,010 14,382
PEO Compensation Amount, Summary Compensation Table Total 8,393,825 6,624,468 3,835,080
PEO Compensation Amount, Deductions from Summary Compensation Table Total (6,500,117) (4,500,031) (2,509,489)
PEO [Member] | Forsyth [Member] | Equity Awards Granted During the Year, Vested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,234,918 1,494,764 1,010,730
PEO [Member] | Forsyth [Member] | Equity Awards Granted in Prior Years, Unvested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 523,074 163,758 742,157
PEO [Member] | Forsyth [Member] | Equity Awards Granted in Prior Years, Vested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 198,312 (119,378) 55,600
PEO [Member] | Forsyth [Member] | Equity Award Adjustments, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,956,304 1,539,144 1,808,487
PEO [Member] | Forsyth [Member] | Equity Awards Granted During the Year, Vested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,412,067 1,519,058 742,965
PEO [Member] | Forsyth [Member] | Equity Awards Granted in Prior Years, Unvested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,380,056 (146,903) (344,986)
PEO [Member] | Forsyth [Member] | Equity Awards Granted in Prior Years, Vested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (36,068) (244,199) 0
PEO [Member] | Forsyth [Member] | Equity Award Adjustments, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,756,055 1,127,956 397,979
PEO [Member] | Forsyth [Member] | Equity Awards Granted During the Year, Vested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,287,051 1,482,061 938,430
PEO [Member] | Forsyth [Member] | Equity Awards Granted in Prior Years, Unvested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 566,644 104,691 293,886
PEO [Member] | Forsyth [Member] | Equity Awards Granted in Prior Years, Vested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (114,206) (44,636) 59,695
PEO [Member] | Forsyth [Member] | Equity Award Adjustments, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,739,489 1,542,116 1,292,011
PEO [Member] | Forsyth [Member] | Equity Awards Granted During the Year, Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 6,934,036 4,495,883 2,692,125
PEO [Member] | Forsyth [Member] | Equity Awards Granted in Prior Years, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,469,774 121,546 691,057
PEO [Member] | Forsyth [Member] | Equity Awards Granted in Prior Years, Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 48,038 (408,213) 115,295
PEO [Member] | Rhode [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     623,511
PEO Compensation Amount, Salary     692,308
PEO Compensation Amount, Bonus     0
PEO Compensation Amount, Non-Equity Incentive Plan Compensation     1,457,042
PEO Compensation Amount, Stock and Option Award Compensation     0
PEO Compensation Amount, Other Compensation     9,560
PEO Compensation Amount, Summary Compensation Table Total     2,158,910
PEO Compensation Amount, Deductions from Summary Compensation Table Total     0
PEO [Member] | Rhode [Member] | Equity Awards Granted During the Year, Vested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     0
PEO [Member] | Rhode [Member] | Equity Awards Granted in Prior Years, Unvested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     891,053
PEO [Member] | Rhode [Member] | Equity Awards Granted in Prior Years, Vested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     173,750
PEO [Member] | Rhode [Member] | Equity Award Adjustments, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     1,064,803
PEO [Member] | Rhode [Member] | Equity Awards Granted During the Year, Vested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     0
PEO [Member] | Rhode [Member] | Equity Awards Granted in Prior Years, Unvested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (1,103,182)
PEO [Member] | Rhode [Member] | Equity Awards Granted in Prior Years, Vested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (625,600)
PEO [Member] | Rhode [Member] | Equity Award Adjustments, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (1,728,782)
PEO [Member] | Rhode [Member] | Equity Awards Granted During the Year, Vested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     0
PEO [Member] | Rhode [Member] | Equity Awards Granted in Prior Years, Unvested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     1,064,049
PEO [Member] | Rhode [Member] | Equity Awards Granted in Prior Years, Vested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     223,441
PEO [Member] | Rhode [Member] | Equity Award Adjustments, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     1,287,490
PEO [Member] | Rhode [Member] | Equity Awards Granted During the Year, Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     0
PEO [Member] | Rhode [Member] | Equity Awards Granted in Prior Years, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     851,920
PEO [Member] | Rhode [Member] | Equity Awards Granted in Prior Years, Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (228,409)
Non-PEO NEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,776,092 295,918 1,031,579
Non-PEO NEO Average Compensation, Salary 400,929 408,257 380,249
Non-PEO NEO Average Compensation, Bonus 42,000 0 0
Non-PEO NEO Average Compensation, Non-Equity Incentive Plan Compensation 422,520 712,785 500,338
Non-PEO NEO Average Compensation, Stock and Option Award Compensation 1,465,118 600,074 783,353
Non-PEO NEO Average Compensation, Other Compensation 62,902 16,155 12,836
Non-PEO NEO Average Compensation, Summary Compensation Table Total 2,393,470 1,737,270 1,676,775
Non-PEO NEO Average Compensation, Deductions from Summary Compensation Table Total (1,465,118) (600,074) (783,353)
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Vested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 656,263 199,319 315,521
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Unvested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 51,670 35,456 257,430
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Vested, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (106,862) (92,461) 38,399
Non-PEO NEO [Member] | Equity Award Adjustments, Restricted Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 601,071 142,314 611,350
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Vested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 459,696 202,583 231,896
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Unvested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 134,568 (105,146) (327,246)
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Vested, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (60,710) (148,911) (78,200)
Non-PEO NEO [Member] | Equity Award Adjustments, Performance Stock Units [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 533,554 (51,474) (173,550)
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Vested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 687,446 195,545 288,566
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Unvested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 60,702 50,133 249,545
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Vested, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (106,681) (40,600) 55,668
Non-PEO NEO [Member] | Equity Award Adjustments, Options [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 641,467 205,078 593,779
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,803,405 597,447 835,983
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 246,940 (19,557) 179,729
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (274,253) $ (281,972) $ 15,867