Company: CVGI
Filing Date: 2025-04-04
Form Type: PRE 14A
Source: 0001628280-25-016847
Chunk: 19

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-04-04
Form: PRE 14A
Chunk 19
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 market practices and trends, and the costs associated with the addition of [1,800,000] authorized shares to the plan.

YOU ARE URGED TO READ THIS ENTIRE PROPOSAL, WHICH EXPLAINS OUR REASONS FOR SUPPORTING THE AMENDMENT AND RESTATEMENT OF THE 2020 EQUITY INCENTIVE PLAN.

#### The Importance of Equity Compensation
Our Board believes that the Amended and Restated 2020 Equity Incentive Plan will provide it flexibility to continue to issue equity compensation in the future at the levels it deems appropriate to:

• Attract and retain the services of key employees, nonemployee directors and consultants who can contribute to our success;

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• Align the interests of our key employees and nonemployee directors with the interests of our shareholders through certain incentives whose value is based upon the performance of our common stock;

• Motivate key employees to achieve our strategic business objectives; and

• Provide a long-term equity incentive program that is competitive with our peer companies.

Our Board strongly believes that granting equity awards motivates employees to think and act like owners, rewarding them when value is created for our shareholders. It further believes that the approval of the Amended and Restated 2020 Equity Incentive Plan is important to our continued success.

Our named executive officers (including James R. Ray, our CEO and President) who are current employees of the Company and our non-employee directors will be eligible to receive awards under the Amended and Restated 2020 Equity Incentive Plan and therefore have an interest in this proposal.

#### Key Historical Equity Metrics
Our Board believes approval of the Amended and Restated 2020 Equity Incentive Plan will enable us to compete effectively in the competitive market for knowledgeable, and experienced employees, while maintaining reasonable burn rates and overhang.

Our three-year average burn rate of [ ] is above the estimated ISS global industry classification standard (GICS) burn rate benchmark for our industry of [1.78%].

Our current capital structure consists of 34,640,434 shares of outstanding common stock as of our record date. The following table shows how the key equity metrics have changed over the past three fiscal years under the 2020 Equity Incentive Plan:

| Key Equity Metrics                  |     |    2022 |     |      2023 |     |    2024 |     | 3-Year Average (2022-2024) |
| Shares subject to awards