Company: HCKT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0000950170-25-043233
Chunk: 30

Company: HACKETT GROUP, INC.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 30
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 Dungan and Ramirez also received Stock Price Awards. (See “The Elements of Executive Compensation at the Company” above on page 15 of this proxy statement and “Incentive Compensation” below on page 19 of this proxy statement).

Employee Benefits

The named executive officers, like the rest of the Company’s employees, receive certain customary employee benefits. For 2024, these benefits included health, dental and vision coverage, prescription drug plans, life insurance, flexible spending accounts, short-term and long-term disability insurance and a 401(k) plan. The Company covers approximately 60% of the total cost of the health benefits for its U.S.-based employees, including its named executive officers. In other geographies, the Company’s compensation and benefits packages vary by country and are based on market standards, local custom and legal requirements in the jurisdiction. The Company does not provide for any special retirement-related benefits, such as pensions or 401(k) contribution matches, for its senior executives.

Limited Perquisites

The Company provides limited perquisites to its executive officers in amounts which do not exceed $10,000 for any executive officer.

Shareholder “Say on Pay” Vote

In the “Say on Pay” vote provided by the Company at its 2024 annual meeting of shareholders, the Company's shareholders approved the compensation of the Company’s executives as disclosed in the Company’s proxy statement for the meeting, with approximately 99% of the votes cast in favor. The Compensation Committee considered the results of this vote in setting the compensation of the Company’s named executive officers and decided to maintain the structure of the Company’s current executive compensation programs for fiscal year 2025.

Executive Compensation Decisions for 2024

Base Salary

The Compensation Committee believes that the base salaries of the Company’s CEO, COO and CFO remained at market competitive levels for companies of similar size within the Company’s industry. The CEO’s, COO’s and CFO’s base salaries were last increased in 2024, 2024 and 2020, respectively.

Incentive Compensation

Each participant in the Company’s executive compensation program has cash and equity incentive opportunities expressed as a percentage of salary that are tied to specified performance targets. For 2024, incentive compensation awarded to Messrs. Fernandez, Dungan and Ramirez in the form of cash and restricted stock units represented 76%, 71%, and 53%, respectively, of their total compensation as reported in the Summary Compensation Table, excluding Stock Price Awards.

At its meeting held on February 15