Company: CRAI
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039429
Chunk: 31

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 31
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, performance targets and payment formulas of the annual incentive cash bonuses that our executive officers were eligible to receive for fiscal 2024 performance under our cash incentive plan. (4) See footnote 1 for the determination of “target cash compensation.” 24 TABLE OF CONTENTS The performance criteria underlying these annual incentive cash bonuses were based on our fiscal 2024 consolidated non-GAAP net revenue, our fiscal 2024 “Performance Compensation EBITDA,” and subjective individual performance goals for fiscal 2024. (5) The net revenue and earnings performance criteria were weighted equally, with each tied to 35% of the target payment amount of the annual incentive cash bonus, in the case of our president and chief executive officer, Mr. Maleh, and to 25% of the target payment amount of the annual incentive cash bonus, in the case of each of our other executive officers. This equal weighting of objective financial performance criteria is designed to motivate our executive officers to consider and improve both our growth and our profitability, thereby aligning their interests with the interests of our shareholders. Semler Brossy advised our compensation committee in recent fiscal years that this weighting was in line with the practices of our peer group. The performance targets established by our compensation committee in April 2024 for these objective financial performance criteria were $675.3 million for our fiscal 2024 consolidated non-GAAP net revenue and $125.1 million for our fiscal 2024 Performance Compensation EBITDA. The subjective individual goals were tied to 30%, in the case of our president and chief executive officer, Mr. Maleh, and 50%, in the case of each of our other executive officers, of the target payment amount of the annual incentive cash bonus. The individual component of these bonuses is designed to motivate our executive officers to pursue individual, qualitative and strategic goals consistent with their particular roles. These subjective individual goals were set for our executive officers (other than Mr. Maleh, our president and chief executive officer) by our compensation committee in consultation with our chief executive officer and, for Mr. Maleh, by our compensation committee. Payment formulas of annual incentive cash bonuses for fiscal 2024 performance The overall target payments for the annual incentive cash bonuses that our executive officers were eligible to receive for fiscal 2024 performance were as follows: for Mr. Maleh, $1,100,000 (or approximately 122% of annual base salary); for Mr. Mahoney and Mr. Yellin, $400,000 (or approximately 80