Company: TTMI
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038317
Chunk: 82

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 82
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 the percentage of base salary payable as a bonus upon achievement of 100% of the performance target levels associated with such annual target bonus, as set forth in the Severance Agreements.

CEO Pay Ratio

In determining the CEO pay ratio for the Company, it is important to note that the Company has approximately 16,400 total employees around the world, and approximately 10,000 of such employees reside in Asia with pay that is generally lower than the pay of our North American based employees.

| TTM TECHNOLOGIES, INC. | 52 |

<div align='center'>Asia v. Worldwide Employees</div>

As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(u) of Regulation S-K, we are providing the following information about the relationship of the total annual compensation of our median employee and the total annual compensation of our President and CEO for 2024:

The total annual compensation of the employee identified at median of our company (other than our CEO), was $17,973 using the definition of total annual compensation in accordance with Item 402(c)(2)(x) of Regulation S-K.

The total annual compensation of our CEO was calculated to be $4,012,941 using the same definition of total annual compensation described above, as disclosed in the Summary Compensation Table on page 47 .

The ratio of the annual total compensation of our President and CEO to the total annual compensation of our median employee was estimated to be 223 to 1.

We used the following methodology and material assumptions, adjustments, and estimates to identify the median employee and determine our median employee’s total annual compensation:

We included all of our full-time, part-time, seasonal and temporary workers employed on December 31, 2024 to determine our employee population.

To identify the median employee, we used a consistently applied compensation measure consisting of base salary and other guaranteed pay, including overtime, allowances and bonus payments that are expected to occur in the first fiscal quarter of 2025 (for 2024 performance). We believe these pay components reasonably reflect the annual compensation of our employees.

The pay ratio is a reasonable estimate calculated in a manner consistent with SEC rules. The SEC rules for identifying the median employee, and calculating the pay ratio based on that employee’s annual total compensation, allow companies to adopt a variety of methodologies, to apply certain exclusions, and to make reasonable estimates and assumptions that reflect their compensation practices. As such, the pay ratio reported by other companies may not be comparable, as other companies may have