Company: HCKT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0000950170-25-043233
Chunk: 31

Company: HACKETT GROUP, INC.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 31
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, 2024, the Compensation Committee reviewed and approved the 2024 base salaries and cash and equity incentive plan targets for the Company’s named executive officers as well as the Company’s other senior leaders. The Compensation Committee specifically approved a program for its named executive officers that would pay annual cash and equity bonuses in connection with the achievement of 2024 adjusted diluted earnings per share performance targets. For 2024, the “Goal” and “Superior” targets established by

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the Compensation Committee were $1.71 and $1.78, respectively. These targets represented a 10% and 15% improvement over the Company’s prior year actual adjusted diluted net earnings per share results, respectively. The non-equity (cash) and equity bonus incentive opportunities for the Company's named executive officers at the Commence, Goal and Superior target levels for 2024, as a percentage of base salary, are seen below:

| Name              | Principal Position                                | Non-Equity (Cash) Incentives |      |          | Equity Incentives(1) |      |          |
|                   |                                                   | Commence                     | Goal | Superior | Commence             | Goal | Superior |
| Ted A. Fernandez  | Chairman, Chief Executive Officer                 | 0%                           | 120% | 210%     | 0%                   | 204% | 300%     |
| David N. Dungan   | Vice Chairman, Chief Operating Officer            | 0%                           | 96%  | 168%     | 0%                   | 153% | 225%     |
| Robert A. Ramirez | Executive Vice President, Chief Financial Officer | 0%                           | 60%  | 90%      | 0%                   | 60%  | 90%      |

(1) Does not include the equity incentive opportunity associated with the ACV compensation program discussed below or the Stock Price Awards program.

ACV growth is an important part of the Company’s overall strategy. The Company has and continues to make significant investments designed to grow ACV. Given Messrs. Fernandez and Dungan’s heavy personal involvement in the execution of the Company’s ACV growth strategy, the Compensation Committee decided to once again establish a component that would reward Messrs. Fernandez and Dungan for 2024 ACV growth to appropriately align their compensation opportunities with the Company’s ACV growth objectives. The award under this ACV growth program would