Company: FGI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001628280-25-020349
Chunk: 35

Company: FGI Industries Ltd.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 35
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 10-K for the year ended December 31, 2023 did not contain any material, non-public information as the material information about the fiscal year was reported when we released earnings on March 20, 2024.

### DIRECTOR COMPENSATION
We pay our non-employee directors $40,000 in cash annually, along with an annual share option award in an amount to be determined by the compensation committee from time to time. In 2024, each director was given performance-based restricted stock units with a grant date fair value of $12,000. The chairs of the nominating and corporate governance and compensation committees will receive an additional $10,000 in cash annually, and the audit committee chair will receive an additional $15,000 in cash annually. Members of each committee other than the chair will receive an additional $3,000 in cash annually.

The following table provides information regarding compensation paid to and earned by non-employee directors during 2024:

|                       |     | Fees Earned or 
 Paid in Cash   |     |        |     | Stock Awards |     |        |     | Total |     |        |
| Non-Employee Director |     | -$             |     |        |     | -$)(1        |     |        |     | -$    |     |        |
| Jae Chung(2)          |     |                |     | 16,154 |     |              |     | 12,000 |     |       |     | 28,154 |
| Todd Heysse           |     |                |     | 58,000 |     |              |     | 12,000 |     |       |     | 70,000 |
| Kellie Zesch Weir     |     |                |     | 55,212 |     |              |     | 12,000 |     |       |     | 67,212 |
| Anagha Apte(3)        |     |                |     | 37,712 |     |              |     |      — |     |       |     | 37,712 |

_________________________________________________

(1) This column lists the aggregate grant date fair value of performance-based restricted stock awards awarded to directors pursuant to the 2021 Plan, computed in accordance with FASB Accounting Standards Codification (ASC) Topic 718. The assumptions used to determine the valuation of the awards are discussed in Note 10 to our audited financial statements, included in our Annual Report