Company: ACCO
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046374
Chunk: 30

Company: ACCO BRANDS Corp
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 30
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 of the financial performance measures described below is measured at budgeted currency rates, which are different than actual rates, to remove the impact of year-to-year currency fluctuations that are outside of the control of management in the near term. The Executive Vice Presidents of our two operating segments are aligned to financial performance measures tied to their segment's performance. The other named executive officers' financial performance measures are tied to overall company performance.

#### ACCO BRANDS| 2025 PROXY STATEMENT43
| Financial Performance Measure                     | Definition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Rationale for Measure                                                                                      |
| ACCO Brands and/or Segment                        
 Adjusted Operating Income                         | Operating income as reported in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), adjusted to exclude certain one-time and non-comparable items primarily associated with restructuring charges, goodwill and other intangible asset impairment charges, transaction and integration related expenses, and incentive compensation expense.                                                                                                                                                                                                                                 | Focuses executive officers on growing Company profitability; aligned with stockholder returns.             |
| ACCO Brands or Segment                            
 Net Sales                                         | Gross sales, plus other items reported as revenue, less sales deductions (i.e., net trade sales as reported in the Company's financial statements in accordance with GAAP).                                                                                                                                                                                                                                                                                                                                                                                                                      | Focuses executive officers on revenue growth; aligned with stockholder interests.                          |
| ACCO Brands or Segment Working Capital Efficiency | Thirteen-month average net working capital (i.e., monthly net working capital for the current month and prior 12 months summed and divided by 13), divided by 2024 annual net sales, expressed as a percentage. Working capital is defined as net accounts receivable, plus net inventory, less trade accounts payable and less customer programs liability. Accounts used to measure working capital are translated to U.S. dollars using the foreign exchange rates used for purposes of establishing the 2024 business plan but are otherwise as externally reported in accordance with GAAP. | Focuses executive officers on reducing complexity, improving efficiencies, and ultimately generating cash. |
| ACCO Brands                                       
 Strategic Measures                                | Qualitative and quantitative measures that drive performance against strategic objectives, as described below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Focuses executive officers on critical strategic priorities aligned with stockholder interests.            |

In 2024, 20 percent of our named executive officers' 2024 target AIP opportunity was determined by performance relative to the strategic measures. Specific strategic measures evaluated as part of the 2024 AIP opportunity included: 1) our progress