Company: NGVT
Filing Date: 2025-03-10
Form Type: PREC14A
Source: 0001308179-25-000061
Chunk: 82

Company: Ingevity Corp
Filing Date: 2025-03-10
Form: PREC14A
Chunk 82
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; losses due to lawsuits arising out of environmental damage or personal injuries associated with chemical or other manufacturing processes; and the other factors detailed from time to time in the reports we file with the Securities and Exchange Commission (the “SEC”), including those described in Part I, Item 1A. Risk Factors in our most recent Annual Report on Form 10-K as well as in our other filings with the SEC. These forward looking statements speak only to management’s beliefs as of the date of this Proxy Statement. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward looking statements contained in this Proxy Statement.

| INGEVITY  |  2025 
 Proxy Statement   | 109 |

Appendix A: Non-GAAP Financial Measures and Reconciliation Tables Non-GAAP financial measures used in this proxy statement Ingevity has presented certain financial measures in this Proxy Statement, defined below, which have not been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) These financial measures are not meant to be considered in isolation or as a substitute for the most directly comparable financial measure calculated in accordance with GAAP. Metrics used in “2024 Business Highlights,” “Fiscal Year 2024 Compensation Highlights,” and “NEO Performance and Compensation Decisions”

| Adjusted                          
 EBITDA and Adjusted EBITDA Margin |     | Definitions.                                                                                                                         
 “Adjusted EBITDA” is defined as net income (loss) plus interest expense,                                                             
 net, provision (benefit) for income taxes, depreciation, amortization, restructuring                                                 
 and other (income) charges, net, goodwill impairment charge, acquisition and other-related                                           
 (income) costs, litigation verdict charges, (gain) loss on strategic investments, loss                                               
 on CTO resales, CTO supply contract termination charges, and pension and postretirement                                              
 settlement and curtailment (income) charges, net. “Adjusted EBITDA Margin”                                                           
 is defined as Adjusted EBITDA divided by Net sales.                                                                                  
 Reason Used. We believe these non-GAAP financial measures                                                                            
 provide management as well as investors, potential investors, securities analysts and others with useful information to evaluate     
 the performance of the business, because such measures, when viewed together with our financial results computed in accordance       
 with GAAP, provide a more complete understanding of the factors and trends affecting our historical financial performance and        
 projected future results. We believe Adjusted EBITDA and Adjusted E