Company: KITTW
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001849820-25-000115
Chunk: 48

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 48
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 COMPENSATION

#### Base Salary
The Company reviews base salaries annually for the named executive officers. The Company includes several factors when reviewing base salaries, including base salaries paid for comparable positions in the Peer Group, published survey data, the relationship among base salaries paid within the Company, and individual experience and performance.

For 2024, Mr. Gibson’s base salary was $120,000 per year as of January 1, 2024, and was increased to $250,000 per year effective as of February 21, 2024. Mr. Radford’s base salary was $375,000 per year. Dr. Yamakoski’s base salary was $275,000 per year, Mr. Symington’s base salary was $300,000 per year, and Mr. Bigney’s base salary was $300,000 per year.

#### 2024 Short-Term and Long-Term Incentive Programs
Due to the transitional nature of the Company and the executive team at the Company during 2023 and 2024, the Company did not establish goals and parameters for short-term and long-term incentives during 2024. The Company expects to re-establish appropriate programs and incentives for the new executive team during the second quarter of 2025.

No long-term incentive awards were made during 2024 except for long-term incentive awards made to Mr. Gibson pursuant to his employment contract dated February 21, 2024, which are described in the Summary Compensation Table below.

The Compensation Committee considered the performance of the executives on a case-by-case basis in evaluating short-term incentive awards for 2024. In consideration of their service during 2024, Mr. Gibson received a short-term incentive award of $125,000, Mr. Yamakoski received a short-term incentive award of $22,000, and Mr. Symington received a short-term incentive award of $10,000. In addition to the foregoing, Mr. Gibson received a special one-time bonus payment of $375,000 for service in 2024.

#### EMPLOYMENT AGREEMENTS
A brief summary of the employment agreements of our 2024 named executive officers is as follows:

Mr. Gibson . Mr. Gibson is party to an Employment Agreement dated February 21, 2024. Pursuant to the Agreement, Mr. Gibson will receive a base salary of $250,000 per year and will be eligible for an annual bonus with a target of 100% of his base salary. Mr. Gibson