Company: TCMD
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001558370-25-003924
Chunk: 24

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 24
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 | Maximum |   |
| Results                       | ​ |     $31.1 | ​ |  $36.4 |   |   $41.7 | ​ |
| Percentage Payout Level       | ​ |       50% | ​ |   100% |   |    150% | ​ |

The Compensation and Organization Committee provided that payout levels would be interpolated for results between the threshold and maximum levels. In February 2024, the Compensation and Organization Committee also established the target amounts to which the resulting percentage payout level would be applied. The target dollar amount as a percentage of base salary for each participating named executive officer at the time was:

| ​                    | ​ | ​                                                   | ​ |
| Name                 |   | Target Dollar Amount as a Percentage of Base Salary | ​ |
| Elaine M. Birkemeyer | ​ | 60%                                                 | ​ |
| Kristie T. Burns     | ​ | 50%                                                 | ​ |
| Sherri L. Ferstler   |   | 50%                                                 | ​ |

With respect to Ms. Dodd, the Compensation and Organization Committee established the target amount of her 2024 bonus at 90% of her base salary prorated for the time she served in her role in 2024, which was from July 1, 2024 through December 31, 2024. With respect to Mr. Reuvers, in February 2024, his target dollar amount was set at 100% of his base salary, however, pursuant to his Transition Agreement, he is no longer eligible to earn or receive any amounts under the MIP for 2024.

| ​                    |  ​ |
| 2025 Proxy Statement | 37 |

Executive Compensation

The MIP for 2024 also provided that if the aggregate amount to be paid to all employees of the Company under the MIP for 2024 would cause the Company’s Adjusted EBITDA for 2024 to fall below $31.1 million, the Company would reduce the amounts paid to all employees on a pro rata basis based on each employee’s potential bonus award payout amount such that the aggregate amount to be paid to all employees of the Company under the MIP for 2024 would not cause the Company’s Adjusted EBITDA to fall below $31.1 million. In February 2025, our Compensation and Organization Committee determined the degree to which the 2024 revenue and Adjusted EBITDA goals were attained