Company: KEQU
Filing Date: 2025-07-07
Form Type: DEF 14A
Source: 0001140361-25-025051
Chunk: 15

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-07
Form: DEF 14A
Chunk 15
---
 item of compensation, but rather the overall compensation of our named executive officers and the principles, policies, and practices described in this Proxy Statement. Accordingly, the following resolution is submitted for stockholder vote at the 2025 Annual Meeting: “RESOLVED, that the compensation paid to the Company’s named executive officers, as disclosed pursuant to the compensation disclosure rules of the SEC, including the Compensation Discussion and Analysis, compensation tables, and any related material disclosed in this Proxy Statement, is hereby APPROVED.” As this is an advisory vote, the result will not be binding on us, the Board of Directors, or the Compensation Committee, although the Board of Directors and the Compensation Committee will consider the outcome of the vote when evaluating our compensation principles, design, and practices. Proxies submitted without direction pursuant to this solicitation will be voted “FOR” the approval of the compensation of our named executive officers, as disclosed in this Proxy Statement. We recommend a vote FORthe approval, on an advisory basis, of the compensation of our named executive officers, as disclosed in this Proxy Statement. 10

COMPENSATION DISCUSSION AND ANALYSIS The following sections provide compensation information pursuant to the scaled disclosure rules applicable to “smaller reporting companies” under the rules of the SEC. Introduction This Compensation Discussion and Analysis describes and explains the compensation awarded in fiscal year 2025 to the named executive officers listed below (the “named executive officers”) under the executive compensation program in effect for fiscal year 2025. Background Management has successfully navigated several challenging years, executing multiple strategic initiatives to transform and reposition the Company. These initiatives include exiting direct sales markets, transitioning to two North American dealers, installing and commissioning critical equipment in our manufacturing plants, and investing in our international subsidiaries. Key to this strategy is the retention and recruitment of qualified directors and executives. Our executive compensation program for the named executive officers is designed to:

| • | Reflect modern compensation practices, in order to enhance our ability to attract and retain talented management; |

| • | Reward both short-term and long-term performance consistent with the Company’s strategy to drive both revenue growth and margin expansion; |

| • | Provide that a significant portion of each executive officer’s compensation is at risk, subject to the achievement of specifically identified short-term and long-term goals; and |

| • | Further align the interests of management with the interests of stockholders. |

Named Executive Officer Compensation The principal components of the Company’s compensation program for named executive officers are discussed below. Executive compensation is overseen by