Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 39

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 39
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 and Change Management from 2013 to 2015, Chief of Staff to the CEO from 2011 to 2013, and Commercial Controller Europe, Africa and the Middle East from 2010 to 2012 based out of Switzerland. Ms. Silcott earned her Master of Business Administration with a concentration in International Business from Georgia State University and a Bachelor of Science in Finance from Ithaca College. | ​ |   |                     |   |

TABLE OF CONTENTS 32 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 COMPENSATION DISCUSSION AND ANALYSIS Overview In the paragraphs that follow, we will give an overview and analysis of our compensation programs and policies, the material compensation decisions we have made under those programs and policies, and the material factors that we considered in making those decisions. This section includes, among other things, an explanation of the overall objectives of our compensation program, what it is designed to reward, and each element of the compensation that we provide. Later in this proxy statement under the heading “Executive Compensation,” you will find a series of tables containing specific information about the compensation earned or paid in calendar year 2024 to the following individuals, who we refer to as our named executive officers: ● Jaco G. van der Merwe, President and Chief Executive Officer (“CEO”); ● Brian J. Harris, Chief Financial Officer (“CFO”), who joined the Company as CFO effective October 7, 2024; ● Michael P. Norris, Group President — Materials Solutions; ● Barend Snyman, Group President — Infrastructure Solutions; ● E. Terrell Gilbert, Jr., General Counsel, Chief Compliance Officer and Corporate Secretary, who joined the Company effective March 25, 2024; ● Becky A. Weyenberg, former CFO, who resigned as CFO effective March 2, 2024 and whose employment with the Company terminated effective April 30, 2024; and ● Heinrich Jonker, former interim CFO, who served in such capacity from March 2, 2024 to October 6, 2024. The discussion below is intended to help you understand the detailed information provided in the various tables included herein, and to put that information into context within our overall compensation program. Objectives of Our Compensation Program Our objectives with respect to the Company’s executive compensation program are to: ● attract and retain qualified personnel who are critical to the Company’s long-term success and the creation of shareholder value; ● create a strong link