Company: ONEW
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001772921-25-000007
Chunk: 50

Company: OneWater Marine Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 50
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 Executive Officer is granted a target award equal to $50,000 for the Company’s small acquisitions and equal to $100,000 for the Company’s large acquisitions. The amount of each AIP award actually earned by the Named Executive Officers is contingent upon the achievement of certain performance measures by the acquired business over the two-year period following its acquisition by the Company. The performance measures include measuring the Adjusted EBITDA of acquisitions two years after closing of the acquisition compared to the acquired company's preacquisition performance. Depending on the Adjusted EBITDA comparison, a percentage of the AIP award is earned in amounts ranging from 0% to 300% of the target amount. Any amounts earned under the AIP will be paid to the Named Executive Officers as soon as practicable following the two year anniversary of the applicable acquisition, provided that the Named Executive Officers remain continuously employed by the Company through the date on which such amount is paid by the Company. During fiscal year 2022, the Company completed eight acquisitions, two of which qualified as small acquisitions under the AIP and four of which qualified as large acquisitions under the AIP. As such, each Named Executive Officer received awards with an aggregate target value of $500,000 under the AIP with respect to acquisitions completed by the Company in 2022. During fiscal year 2023, the Company completed three acquisitions, two of which qualified for an award under the AIP, with one qualifying as a small acquisition and one qualifying as a large acquisition. No qualifying acquisitions were made

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during fiscal year 2024. As described above, the Company determined that a payout of $50,000 was earned under the AIP awards granted to the Named Executive Officers on October 1, 2021. Amounts paid under the AIP awards are reflected in the Summary Compensation Table with respect to the AIP awards granted. For more information, see the section entitled “Compensation Discussion and Analysis ― Acquisition Incentive Program” above.

Other Compensation Elements . We offer participation in broad-based retirement, health and welfare plans to all of our employees. We currently maintain a retirement plan intended to provide benefits under section 401(k) of the Internal Revenue Code, under which employees, including our Named Executive Officers, are allowed to contribute portions of their base compensation to a tax-qualified retirement account and receive discretionary matching contributions. In fiscal year 2024, matching contributions were made to participating employees equal to 50% of the employee’s deferral up to 4% of