Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 86

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 86
---
 ​ | ​ |
| ​ | Weighted-average basic common shares outstanding | ​ | ​ |    ​ | ​ | 22,790,717 | ​ | ​ | ​ |    ​ | ​ | 22,719,900 | ​ | ​ | ​ |    ​ | ​ | 22,799,071 | ​ | ​ |
| ​ | Gross burn rate(1)                               | ​ | ​ |    ​ | ​ |        .8% | ​ | ​ | ​ |    ​ | ​ |        .7% | ​ | ​ | ​ |    ​ | ​ |        .6% | ​ | ​ |

(1) Total number of Restricted Stock Units and Deferred Stock Units granted, and Performance-based awards vested in each year divided by weighted average common shares outstanding.

TABLE OF CONTENTS 65 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 Summary of the 2025 Equity Incentive Plan Purpose. The purpose of the 2025 Equity Incentive Plan is to promote the interests of the Company and its shareholders by strengthening the ability of the Company to attract, motivate, reward, and retain qualified individuals upon whose judgment, initiative, and efforts the financial success and growth of the business of the Company largely depend, and to provide an opportunity for such individuals to acquire stock ownership and other rights that promote and recognize the financial success and growth of the Company. Administration. The 2025 Equity Incentive Plan will be administered by a committee (the “Committee”) of the Board. The Committee will have the authority to designate participants; determine the type or types of awards to be granted to each participant and the number, terms and conditions thereof; establish, adopt or revise any rules and regulations as it may deem advisable to administer the 2025 Equity Incentive Plan; interpret the terms and intent of the 2025 Equity Incentive Plan and any award certificate; and make all other decisions and determinations that may be required under the 2025 Equity Incentive Plan. Unless and until changed by the Board, the Compensation Committee is designated as the Committee to administer the 2025 Equity Incentive Plan. Eligibility. The 2025 Equity Incentive Plan permits the grant of incentive awards to employees, officers, non-employee directors, and consultants of the Company and its affiliates as selected by the Committee. As of March 1, 2025, approximately 58 employees, nine non-employee directors, and no consultants