Company: BWXT
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0001486957-25-000016
Chunk: 3

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 3
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 Directors and Executives 
 •Limits on Director Overboarding                                
 •New Director Orientation and Ongoing Director Education        
 •Oversight of Strategy and Risk by Board and Committees         
 •No CIC Tax Gross Ups or Single Trigger Equity Vesting          
 •No Hedging or Pledging Policy                                  
 •No Employment Agreements with Executive Officers               |

12-Year Director Tenure Limit. Our Board has a 12-year director tenure policy that provides that (1) no person may be nominated to serve on the Board if they have more than 12 years of service prior to the date of such election (as measured from July 1, 2015, the effective date of the Spin-off) and (2) a director is expected to resign at the next annual meeting of stockholders following the term in which 12 years of service is attained. See "12-Year Director Tenure Limit" under Corporate Governance — Board Function, Leadership and Executive Sessions below. Majority Voting with Director Resignation Policy. Our Bylaws provide that, in an election of directors where the number of director nominees does not exceed the number of directors to be elected (an "Uncontested Election"), each director nominee must receive the majority of the votes cast with respect to that director. Each director nominee has submitted an irrevocable resignation contingent on (i) the receipt of a majority of the votes cast in an Uncontested Election and (ii) acceptance of such resignation by the Board. If a director nominee were not to receive a majority vote, the Governance Committee would make a recommendation to the Board on whether to accept or reject the resignation or take other action. Any action taken by the Board would be publicly disclosed within 90 days of certification of the election results.

(ii) 2025 PROXY STATEMENT

| 2025 PROXY STATEMENT SUMMARY |

Board Leadership. Our Board leadership is as follows:

• Jan A. Bertsch is our Independent Board Chair;

• Barbara A. Niland is Chair of the Audit and Finance Committee;

• Gerhard F. Burbach is Chair of the Compensation Committee; and

• Nicole W. Piasecki is Chair of the Governance Committee.

Board Composition. Our Board regularly evaluates its composition to ensure directors have an appropriate and combination of perspectives, skills, professional experience and background (see "Board Expertise Summary" on next page). Our director criteria and recruitment process seek to align the Board's capabilities with the Company's business strategy, as well as provide for periodic director refreshment and overall Board