Does passing all profits from an S-Corporation to myself as ordinary income (on a K-1) count as "claiming officer compensation" in this return?

I am only taking a small profit from the corporation and passing it to myself on a K-1 as ordinary income. I know I am supposed to pay myself a wage on a W-2 but the business is not that large. I would appreciate clarification on whether K-1 income counts as "claiming officer compensation" in a return.