Company: STGW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039437
Chunk: 42

Company: Stagwell Inc
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 42
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 our competitors. The annual base salaries as of December 31, 2024, for our named executive officers are set forth in the following table.

| Name                                        | ​ | ​ | Base Salary |   |           |   | ​ |
|:--------------------------------------------|:--|:--|:------------|:--|----------:|:--|:--|
| Mark Penn, Chief Executive Officer          | ​ | ​ | ​           | $ | 1,260,000 | ​ | ​ |
| Jay Leveton, President                      | ​ | ​ | ​           | $ |   800,000 | ​ | ​ |
| Frank Lanuto, Chief Financial Officer       | ​ | ​ | ​           | $ |   625,000 | ​ | ​ |
| Ryan Greene, Chief Operating Officer        | ​ | ​ | ​           | $ |   600,000 | ​ | ​ |
| Vincenzo DiMaggio, Chief Accounting Officer | ​ | ​ | ​           | $ |   475,000 | ​ | ​ |

The Human Resources and Compensation Committee reviewed the base salaries of our NEOs and approved an increase in Mr. DiMaggio’s base salary from $$450,000 to $$475,000 effective April 1, 2024 and Mr. Greene’s base salary from $575,000 to $600,000 effective October 1, 2024. The Human Resources and Compensation Committee determined not to adjust the base salaries of the other NEOs for 2024. Annual Incentive Awards The Company’s compensation program is designed to reward performance relative to corporate performance criteria and individual performance. In 2024, each NEO was eligible to earn an annual bonus in an amount equal to a percentage of his base salary plus a potential discretionary adjustment for exceptional performance. The Human Resources and Compensation Committee does not apply a formula or use a pre-determined weighting when comparing overall performance against the various individual objectives, and no single objective is material in determining individual awards. With respect to 2024 annual incentive awards, the Human Resources and Compensation Committee considered the Company’s 2024 Adjusted EBITDA and also considered the achievement of other strategic and operational goals. Based primarily on the Company’s 2024 Adjusted EBITDA level, the Human Resources and Compensation Committee determined not to pay annual cash incentives for 2024. However, the Human Resources and Compensation Committee determined that it was in the best interests of the Company to compensate the NEOs with additional