Company: TR
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001558370-25-003853
Chunk: 29

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 29
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 amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the cumulative TSR over the five years presented in the table. The Compensation Committee does not determine the amount of MIP and CAP awards based on stock price performance. TSR of the Company in relation to that of its peer group is not taken into consideration in determining compensation paid to NEOs because the Board believes that focusing on the factors enumerated above in the Compensation Discussion and Analysis will lead to increased shareholder value on a long term basis and serve to mitigate risk taking activities that are inconsistent with the Company’s long term shareholder interests. Compensation Actually Paid and Net Earnings The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s Net Earnings over the five years presented in the table. Net Earnings is the most important factor taken into consideration when determining the MIP and CAP awards for NEOs.

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Compensation Actually Paid and Net Earnings as a Percentage of Sales The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s Net Earnings as a percentage of sales over the five years presented in the table. Compensation Actually Paid and Sales The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s Net Earnings sales over the five years presented in the table.

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Company’s TSR versus TSR of Peer Group The following graph illustrates the TSR of the Company versus that of its peer group over the five years presented in the table. Pay vs. Performance: Most Important Measures The measures that were most important in determining pay during 2024 and were most heavily weighted in the Company’s MIP and CAP programs are as follows:

| ● | Net earnings and earnings per share; |

| ● | Increase in sales of core brands and total sales; |

| ● | Net earnings as a percentage of sales; |

Of these factors, net earnings is the most significant from a quantitative perspective. Potential Payments on Termination or Change in Control The section below describes the payments that may be made to the named executive officers upon employment