pke-20260303

DEF 14A false 0000076267 For 2026, the Company determined that Adjusted EBITDA continues to be viewed as a core driver of the Company’s performance and shareholder value creation.

Brian E. Shore
Year	Summary Compensation Table Total(a)		Less: Stock Award Values reported in SCT for the applicable year(b)			Plus: Year-end Fair Value of Stock Awards granted in applicable year(c)		Change in Fair Value of outstanding unvested stock awards(d)			Change in Fair value of stock awards granted in prior years vested in applicable year(e)			Less: Fair value of Stock Awards forfeited during the applicable year(f)			Compensation Actually Paid(g)
2026	$	331,592	$	(104,400	)	$	395,400	$	430,675		$	(19,613	)	$	—		$	1,033,654
2025	$	303,255	$	(97,800	)	$	106,200	$	(19,613	)	$	(82,588	)	$	(42,900	)	$	166,554
2024	$	295,723	$	(76,250	)	$	97,750	$	(64,950	)	$	(192,450	)	$	(98,700	)	$	(38,877	)

Other NEOs (Average)(h)
Year	Summary Compensation Table Total(a)		Less: Stock Award Values reported in SCT for the applicable year(b)			Plus: Year-end Fair Value of Stock Awards granted in applicable year(c)		Change in Fair Value of outstanding unvested stock rewards(d)			Change in Fair value from the prior year-end to the vesting date for stock awards granted in prior years and vested in applicable year(e)			Less: Fair value of Stock Awards forfeited during the applicable year(f)			Compensation Actually Paid(g)
2026	$	333,257	$	(50,025	)	$	189,463	$	202,010		$	(8,352	)	$	—		$	666,353
2025	$	240,841	$	(35,860	)	$	39,160	$	(6,162	)	$	(17,944	)	$	(256	)	$	219,779
2024	$	307,182	$	(53,375	)	$	68,425	$	(18,591	)	$	(47,496	)	$	(11,045	)	$	245,100

____________

(a) Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the non-PEO NEOs, amounts represent the average Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. For all fiscal years, there was no pension value attributable to “service cost” or “prior service cost,” so no adjustments are reflected for these values required to be added as part of the CAP pension adjustment under the PVP disclosure rule.

(b) Represents the grant date fair value of the stock options granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.

(c) Represents the fair value as of the indicated fiscal year end of the unvested stock options granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.

(d) Represents the change in fair value during the indicated fiscal year of the outstanding, unvested stock options held by the applicable NEO as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes as of the last day of the fiscal year.

(e) Represents the change in fair value from the prior year-end to the vesting date of the stock options that were granted in prior years and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.

(g) Represents the fair value as of the last day of the prior fiscal year of the stock options that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.

(h) See footnote 1 above for the NEOs included in the average for each year.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

__________________________________________

SCHEDULE 14A

__________________________________________

Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )

Filed by the Registrant		☒
Filed by a party other than the Registrant		☐

Check the appropriate box:

☐		Preliminary Proxy Statement
☐		Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒		Definitive Proxy Statement
☐		Definitive Additional Materials
☐		Soliciting Material under § 240.14a-12

Park Aerospace Corp.
(Name of Registrant as Specified In Its Charter)

_______________________________________________________________
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

☒		No fee required
☐		Fee paid previously with preliminary materials
☐		Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

		By Order of the Board of Directors,
		Christopher Goldner
		Vice President — Finance

		Page
VOTING SECURITIES		1
STOCK OWNERSHIP		2
PROPOSAL NO. 1 — ELECTION OF DIRECTORS		4
NAMED EXECUTIVE OFFICER COMPENSATION		10
Summary Compensation Table for 2026, 2025 and 2024 Fiscal Years		14
PROPOSAL NO. 2 — ADVISORY (NON-BINDING) RESOLUTION RELATING TO COMPENSATION OF THE NAMED EXECUTIVE OFFICERS		19
PROPOSAL NO. 3 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2027 FISCAL YEAR		20
SHAREHOLDER PROPOSALS		21
OTHER MATTERS		21

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership		Percent of Class
Brandes Investment Partners, L.P. 4275 Executive Square, 5th Floor La Jolla, CA 92037	2,783,646	(a)	13.3	%
Black Rock, Inc. 55 East 52nd Street New York, NY 10055	1,368,506	(b)	6.6	%
Brian E. Shore c/o Park Aerospace Corp. 1400 Old Country Road Westbury, NY 11590	1,202,515	(c)	5.7	%

Name of Beneficial Owner	Amount and Nature of Beneficial Ownership		Percent of Class
Emily J. Groehl	20,250	(a)	*
Yvonne Julian	17,750	(b)	*
Brian E. Shore	1,202,515	(c)	5.7	%
Carl W. Smith	24,250	(d)	*
D. Bradley Thress	18,750	(e)	*
Steven T. Warshaw	33,000	(f)	*
Mark A. Esquivel	134,375	(g)	*
Christopher J. Goldner	3,250	(h)	*
Cory Nickel	49,548	(i)	*
Constantine Petropoulos	2,500	(j)	*
John Jamieson	2,500	(k)	*
All directors and executive officers as a group (11 persons)	1,508,688	(l)	7.1	%

Name	Positions with the Company	Age	Director Since
Emily J. Groehl	Director	79	2010
Yvonne Julian	Director	73	2021
Brian E. Shore	Director, Chairman of the Board and Chief Executive Officer	74	1983
Carl W. Smith	Director	78	2015
D. Bradley Thress	Director	64	2021
Steven T. Warshaw	Director	77	2004

Name	Fees Earned or Paid in Cash ($)		Option Awards ($)(a)		Total
Emily J. Groehl	$	32,000	$	12,180	$	44,180
Yvonne Julian	$	29,225	$	12,180	$	41,405
Carl W. Smith	$	34,500	$	12,180	$	46,680
D. Bradley Thress	$	33,346	$	12,180	$	45,526
Steven T. Warshaw	$	35,063	$	12,180	$	47,243
Dale Blanchfield(b)	$	21,000	$	—	$	21,000
Shane Connor(c)	$	14,000	$	—	$	14,000

		Compensation Committee
		Emily J. Groehl, Chair Carl W. Smith D. Bradley Thress Steven T. Warshaw

Name and Principal Position	Year(a)	Salary		Bonus(b)		Option Awards(c)		All Other Compensation(d),		Total
Brian E. Shore	2026	$	220,575	$	—	$	104,400	$	6,617	$	331,592
Chairman of the Board and	2025	$	200,650	$	—	$	97,800	$	4,805	$	303,255
Chief Executive Officer	2024	$	213,556	$	—	$	76,250	$	5,917	$	295,723
Mark Esquivel	2026	$	260,575	$	40,000	$	95,700	$	8,867	$	405,142
President and	2025	$	250,150	$	35,000	$	81,500	$	6,213	$	372,863
Chief Operating Officer	2024	$	244,756	$	30,000	$	61,000	$	7,266	$	343,022
Constantine Petropoulos(e)	2026	$	350,575	$	18,000	$	34,800	$	10,517	$	413,892
Chief Legal and Capital	2025	$	20,192	$	—	$	—	$	—	$	20,192
Markets Officer
Cory Nickel	2026	$	183,850	$	12,500	$	52,200	$	6,197	$	254,747
Senior Vice President and	2025	$	178,650

SEC Form DEF 14A filed by Park Aerospace Corp.