Atrion (ATRI) PRE 14A 20 Mar 24 Preliminary proxy Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2023
Document Information [Line Items]
Document Type	PRE 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	ATRION CORPORATION
Entity Central Index Key	0000701288

Pay vs Performance Disclosure

Pay vs Performance Disclosure pure in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Pay vs Performance Disclosure
Pay vs Performance Disclosure, Table	Year ​ ​ Summary (a) ​ ​ Compensation (a)(b) ​ ​ Average (a) ​ ​ Average (a)(b) ​ ​ Value of Initial $100 ​ ​ GAAP Net ​ ​ GAAP ​ ​ Company ​ ​ Peer Group (c) ​ 2023 ​ ​ ​ ​ 924,464 ​ ​ ​ ​ ​ 814,688 ​ ​ ​ ​ ​ 711,544 ​ ​ ​ ​ ​ 661,185 ​ ​ ​ ​ ​ 53.16 ​ ​ ​ ​ ​ 102.41 ​ ​ ​ ​ ​ 19.4 ​ ​ ​ ​ ​ 22.6 ​ ​ 2022 ​ ​ ​ ​ 1,541,376 ​ ​ ​ ​ ​ 1,201,240 ​ ​ ​ ​ ​ 638,344 ​ ​ ​ ​ ​ 413,722 ​ ​ ​ ​ ​ 77.01 ​ ​ ​ ​ ​ 98.36 ​ ​ ​ ​ ​ 35.0 ​ ​ ​ ​ ​ 39.7 ​ ​ 2021 ​ ​ ​ ​ 1,936,585 ​ ​ ​ ​ ​ 1,996,742 ​ ​ ​ ​ ​ 835,863 ​ ​ ​ ​ ​ 940,039 ​ ​ ​ ​ ​ 95.81 ​ ​ ​ ​ ​ 115.30 ​ ​ ​ ​ ​ 33.1 ​ ​ ​ ​ ​ 36.0 ​ ​ 2020 ​ ​ ​ ​ 2,065,635 ​ ​ ​ ​ ​ 1,405,164 ​ ​ ​ ​ ​ 1,396,176 ​ ​ ​ ​ ​ 1,011,839 ​ ​ ​ ​ ​ 86.36 ​ ​ ​ ​ ​ 109.66 ​ ​ ​ ​ ​ 32.1 ​ ​ ​ ​ ​ 35.7 ​ ​ ​ (a) NEOs included in these columns are the following: ​ Year ​ ​ CEO (or Principal Executive Officer) ​ ​ Non-CEO NEOs ​ 2023 ​ ​ David A. Battat ​ ​ Emile A. Battat, Jeffery Strickland and Cindy Ferguson ​ 2022 ​ ​ David A. Battat ​ ​ Emile A. Battat, Jeffery Strickland ​ 2021 ​ ​ David A. Battat ​ ​ Emile A. Battat, Jeffery Strickland ​ 2020 ​ ​ David A. Battat ​ ​ Emile A. Battat, Jeffery Strickland ​ ​ (b) The following table details the adjustment to the Summary Compensation Table Total Pay for our CEO, as well as the average for our other NEOs, to determine “compensation actually paid”, as computed in accordance with Item 402(v), with dividends already accounted for in the “All Other Compensation” component of the Summary Compensation Table. Amounts do not reflect actual compensation earned by or paid to our NEOs during the applicable year. ​ ​ ​ ​ CEO ​ ​ Non-CEO NEO Average ​ ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ Summary Compensation Table Total ($) ​ ​ ​ ​ 924,464 ​ ​ ​ ​ ​ 1,541,376 ​ ​ ​ ​ ​ 1,936,585 ​ ​ ​ ​ ​ 2,065,635 ​ ​ ​ ​ ​ 711,544 ​ ​ ​ ​ ​ 638,344 ​ ​ ​ ​ ​ 835,863 ​ ​ ​ ​ ​ 1,396,176 ​ ​ Less: Reported Fair Value of Equity (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 1,000,000 ​ ​ ​ ​ ​ 148,639 ​ ​ ​ — ​ ​ — ​ ​ ​ ​ 750,000 ​ ​ Add: Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) (2) ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 992,794 ​ ​ ​ ​ ​ 121,223 ​ ​ ​ — ​ ​ — ​ ​ ​ $ 744,597 ​ ​ Add: Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($) (2) ​ ​ ​ ​ 1,932 ​ ​ ​ ​ ​ (205,231 ) ​ ​ ​ ​ ​ (94,665 ) ​ ​ ​ ​ ​ (201,459 ) ​ ​ ​ ​ ​ 14,292 ​ ​ ​ ​ ​ (113,864 ) ​ ​ ​ ​ ​ (22,091 ) ​ ​ ​ ​ ​ (102,712 ) ​ ​ Add: Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) (2) ​ ​ ​ ​ (111,708 ) ​ ​ ​ ​ ​ (134,905 ) ​ ​ ​ ​ ​ 154,821 ​ ​ ​ ​ ​ (451,805 ) ​ ​ ​ ​ ​ (37,236 ) ​ ​ ​ ​ ​ (110,758 ) ​ ​ ​ ​ ​ 126,267 ​ ​ ​ ​ ​ (276,222 ) ​ ​ Compensation Actually Paid ($) ​ ​ ​ ​ 814,688 ​ ​ ​ ​ ​ 1,201,240 ​ ​ ​ ​ ​ 1,996,742 ​ ​ ​ ​ ​ 1,405,164 ​ ​ ​ ​ ​ 661,185 ​ ​ ​ ​ ​ 413,722 ​ ​ ​ ​ ​ 940,039 ​ ​ ​ ​ ​ 1,011,839 ​ ​ ​ (1) The amounts reflect the aggregate grant-date fair value reported in the “Stock Awards” columns in the Summary Compensation Table for the applicable year. ​ (2) In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards to our NEOs were measured as of the end of each fiscal year, and as of each vesting date, during the years displayed in the table above. ​ (c) Peer Group reflects the SIC Code 3841 Index — Surgical and Medical Instruments.
Company Selected Measure Name	GAAP Operating Income
Named Executive Officers, Footnote	(a) NEOs included in these columns are the following: ​ Year ​ ​ CEO (or Principal Executive Officer) ​ ​ Non-CEO NEOs ​ 2023 ​ ​ David A. Battat ​ ​ Emile A. Battat, Jeffery Strickland and Cindy Ferguson ​ 2022 ​ ​ David A. Battat ​ ​ Emile A. Battat, Jeffery Strickland ​ 2021 ​ ​ David A. Battat ​ ​ Emile A. Battat, Jeffery Strickland ​ 2020 ​ ​ David A. Battat ​ ​ Emile A. Battat, Jeffery Strickland ​
Peer Group Issuers, Footnote	(c) Peer Group reflects the SIC Code 3841 Index — Surgical and Medical Instruments.
PEO Total Compensation Amount	$ 924,464	$ 1,541,376	$ 1,936,585	$ 2,065,635
PEO Actually Paid Compensation Amount	$ 814,688	1,201,240	1,996,742	1,405,164
Adjustment To PEO Compensation, Footnote	(b) The following table details the adjustment to the Summary Compensation Table Total Pay for our CEO, as well as the average for our other NEOs, to determine “compensation actually paid”, as computed in accordance with Item 402(v), with dividends already accounted for in the “All Other Compensation” component of the Summary Compensation Table. Amounts do not reflect actual compensation earned by or paid to our NEOs during the applicable year. ​ ​ ​ ​ CEO ​ ​ Non-CEO NEO Average ​ ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ Summary Compensation Table Total ($) ​ ​ ​ ​ 924,464 ​ ​ ​ ​ ​ 1,541,376 ​ ​ ​ ​ ​ 1,936,585 ​ ​ ​ ​ ​ 2,065,635 ​ ​ ​ ​ ​ 711,544 ​ ​ ​ ​ ​ 638,344 ​ ​ ​ ​ ​ 835,863 ​ ​ ​ ​ ​ 1,396,176 ​ ​ Less: Reported Fair Value of Equity (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 1,000,000 ​ ​ ​ ​ ​ 148,639 ​ ​ ​ — ​ ​ — ​ ​ ​ ​ 750,000 ​ ​ Add: Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) (2) ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 992,794 ​ ​ ​ ​ ​ 121,223 ​ ​ ​ — ​ ​ — ​ ​ ​ $ 744,597 ​ ​ Add: Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($) (2) ​ ​ ​ ​ 1,932 ​ ​ ​ ​ ​ (205,231 ) ​ ​ ​ ​ ​ (94,665 ) ​ ​ ​ ​ ​ (201,459 ) ​ ​ ​ ​ ​ 14,292 ​ ​ ​ ​ ​ (113,864 ) ​ ​ ​ ​ ​ (22,091 ) ​ ​ ​ ​ ​ (102,712 ) ​ ​ Add: Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) (2) ​ ​ ​ ​ (111,708 ) ​ ​ ​ ​ ​ (134,905 ) ​ ​ ​ ​ ​ 154,821 ​ ​ ​ ​ ​ (451,805 ) ​ ​ ​ ​ ​ (37,236 ) ​ ​ ​ ​ ​ (110,758 ) ​ ​ ​ ​ ​ 126,267 ​ ​ ​ ​ ​ (276,222 ) ​ ​ Compensation Actually Paid ($) ​ ​ ​ ​ 814,688 ​ ​ ​ ​ ​ 1,201,240 ​ ​ ​ ​ ​ 1,996,742 ​ ​ ​ ​ ​ 1,405,164 ​ ​ ​ ​ ​ 661,185 ​ ​ ​ ​ ​ 413,722 ​ ​ ​ ​ ​ 940,039 ​ ​ ​ ​ ​ 1,011,839 ​ ​ ​ (1) The amounts reflect the aggregate grant-date fair value reported in the “Stock Awards” columns in the Summary Compensation Table for the applicable year. ​ (2) In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards to our NEOs were measured as of the end of each fiscal year, and as of each vesting date, during the years displayed in the table above.
Non-PEO NEO Average Total Compensation Amount	$ 711,544	638,344	835,863	1,396,176
Non-PEO NEO Average Compensation Actually Paid Amount	$ 661,185	413,722	940,039	1,011,839
Adjustment to Non-PEO NEO Compensation Footnote	(b) The following table details the adjustment to the Summary Compensation Table Total Pay for our CEO, as well as the average for our other NEOs, to determine “compensation actually paid”, as computed in accordance with Item 402(v), with dividends already accounted for in the “All Other Compensation” component of the Summary Compensation Table. Amounts do not reflect actual compensation earned by or paid to our NEOs during the applicable year. ​ ​ ​ ​ CEO ​ ​ Non-CEO NEO Average ​ ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ Summary Compensation Table Total ($) ​ ​ ​ ​ 924,464 ​ ​ ​ ​ ​ 1,541,376 ​ ​ ​ ​ ​ 1,936,585 ​ ​ ​ ​ ​ 2,065,635 ​ ​ ​ ​ ​ 711,544 ​ ​ ​ ​ ​ 638,344 ​ ​ ​ ​ ​ 835,863 ​ ​ ​ ​ ​ 1,396,176 ​ ​ Less: Reported Fair Value of Equity (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 1,000,000 ​ ​ ​ ​ ​ 148,639 ​ ​ ​ — ​ ​ — ​ ​ ​ ​ 750,000 ​ ​ Add: Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) (2) ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 992,794 ​ ​ ​ ​ ​ 121,223 ​ ​ ​ — ​ ​ — ​ ​ ​ $ 744,597 ​ ​ Add: Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($) (2) ​ ​ ​ ​ 1,932 ​ ​ ​ ​ ​ (205,231 ) ​ ​ ​ ​ ​ (94,665 ) ​ ​ ​ ​ ​ (201,459 ) ​ ​ ​ ​ ​ 14,292 ​ ​ ​ ​ ​ (113,864 ) ​ ​ ​ ​ ​ (22,091 ) ​ ​ ​ ​ ​ (102,712 ) ​ ​ Add: Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) (2) ​ ​ ​ ​ (111,708 ) ​ ​ ​ ​ ​ (134,905 ) ​ ​ ​ ​ ​ 154,821 ​ ​ ​ ​ ​ (451,805 ) ​ ​ ​ ​ ​ (37,236 ) ​ ​ ​ ​ ​ (110,758 ) ​ ​ ​ ​ ​ 126,267 ​ ​ ​ ​ ​ (276,222 ) ​ ​ Compensation Actually Paid ($) ​ ​ ​ ​ 814,688 ​ ​ ​ ​ ​ 1,201,240 ​ ​ ​ ​ ​ 1,996,742 ​ ​ ​ ​ ​ 1,405,164 ​ ​ ​ ​ ​ 661,185 ​ ​ ​ ​ ​ 413,722 ​ ​ ​ ​ ​ 940,039 ​ ​ ​ ​ ​ 1,011,839 ​ ​ ​ (1) The amounts reflect the aggregate grant-date fair value reported in the “Stock Awards” columns in the Summary Compensation Table for the applicable year. ​ (2) In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards to our NEOs were measured as of the end of each fiscal year, and as of each vesting date, during the years displayed in the table above.
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Company Selected Measure	OTHER BUSINESS
Total Shareholder Return Vs Peer Group
Tabular List, Table	Most Important Performance Measures
Total Shareholder Return Amount	$ 53.16	77.01	95.81	86.36
Peer Group Total Shareholder Return Amount	102.41	98.36	115.3	109.66
Net Income (Loss)	$ 19,400,000	$ 35,000,000	$ 33,100,000	$ 32,100,000
Company Selected Measure Amount	22.6	39.7	36	35.7
Measure:: 1
Pay vs Performance Disclosure
Name	Operating Income
Measure:: 2
Pay vs Performance Disclosure
Name	Revenue
Measure:: 3
Pay vs Performance Disclosure
Name	Total Stockholder Return
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value)
Pay vs Performance Disclosure
Adjustment to Compensation, Amount				$ (1,000,000)
PEO | Year-End Fair Value Of Outstanding And Unvested Equity Awards Granted In The Year [Member]
Pay vs Performance Disclosure
Adjustment to Compensation, Amount				992,794
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	1,932	(205,231)	(94,665)	(201,459)
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	(111,708)	(134,905)	154,821	(451,805)
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value)
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	(148,639)			(750,000)
Non-PEO NEO | Year-End Fair Value Of Outstanding And Unvested Equity Awards Granted In The Year [Member]
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	121,223			744,597
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	14,292	(113,864)	(22,091)	(102,712)
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	$ (37,236)	$ (110,758)	$ 126,267	$ (276,222)