Company: BHE
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0000950170-25-051057
Chunk: 30

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 30
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4 compensation decisions consisted of the following companies:

| • Belden, Inc.• Celestica Inc.•       Coherent Corporation (COHR)(f/k/a"II-VI Incorporated")• Curtiss-Wright Corporation•       Fabrinet | • Littlefuse, Inc.•       Methode Electronics, Inc.• OSI Systems, Inc.• Plexus Corp.• Sanmina Corporation |
| • Insight Enterprises, Inc.                                                                                                              | • ScanSource, Inc.                                                                                        |
| • Itron, Inc                                                                                                                             | • TTM Technologies, Inc.                                                                                  |
| • Kimball Electronics, Inc.                                                                                                              |                                                                                                           |

Timing of Compensation Decisions

To reinforce performance feedback through compensation and to comply with certain regulations impacting performance-based awards, the Human Capital and Compensation Committee makes executive compensation decisions in the first quarter of each year. This allows for an assessment based on the prior year’s performance among other strategic goals and affords the opportunity to consider the relative contribution of each of the executives. The committee reviews and approves the available equity award pool for eligible employees, and individual awards for executive officers, once a year, on the date of the committee’s regularly scheduled first quarter meeting. The Company believes that the practice of granting stock-based awards in the first quarter of each year is reasonable when followed on a consistent basis each year and reduces the risk of inadvertently timing the grant of such awards with the release of material nonpublic information.

2024 Executive CompensationProgram in Detail

Base Salary

The Human Capital and Compensation Committee reviews base salaries of the Named Executive Officers annually. In making salary determinations, the committee considers salary median range for persons in comparable positions in the Peer Group, the executive’s experience and scope of responsibility, the committee’s assessment of the executive’s individual past and potential future contribution to the Company’s results (without assigning a specific weight to each factor) as well as the recommendations of the CEO (as to executive officers other than the CEO). During its review of 2024 executive base salaries, the committee primarily considered market data provided by the Consultant, the results of a review of each executive’s compensation relative to the Company’s other executive officers, and each executive’s individual performance. In February 2024, the Human Capital and Compensation Committee approved 2% base salary increases for our Named Executive Officers, with the exception of Mr. Kamal. These increases took effect October 2024 reflecting merit and competitive conditions.

| Named Executive       |     | 2023 Base Salary 
 $                |           |     | 2024 Base Salary