Company: FGI
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001628280-25-018388
Chunk: 27

Company: FGI Industries Ltd.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 27
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 Officers” or “NEOs”):

• David Bruce, Chief Executive Officer;

• John Chen, Executive Chairman;

• Bob Kermelewicz, Executive Vice President, FGI Industries

#### Executive Compensation Components for 2024
We provide a compensation package to our executive officers, including base salary, bonus incentive compensation, certain perquisites and participation in benefit arrangements that are generally available to all salaried employees, such as health and retirement plans, automobile allowance and life insurance premiums. We have also periodically awarded our executive officers with long-term equity incentive grants in the form of share options. Our executives are eligible to participate in any employee benefit plan that provides opportunities to earn equity incentive compensation. Accordingly, our executives are eligible to participate in our equity incentive plans or employee share purchase plans, and the Board may grant equity awards to the executives thereunder.

#### Base Salary
Salaries for our executive officers are determined and paid on an annual basis and, for 2024, were established by our Compensation Committee in accordance with the terms of any executive officer’s employment agreement with the Company.

Mr. Bruce had an annual base salary of $ 300,000 in 2024. His employment agreement also provides the chief executive officer with a monthly car allowance.

Mr. Chen had an annual base salary of $200,000 in 2024.

Mr. Kermelewicz had an annual base salary of $271,421 in 2024, pursuant to an employment agreement with Mr. Kermelewicz entered into on January 24, 2022 that provided for Mr. Kermelewicz’s continued service as the Company’s Executive Vice President, USA. On November 5, 2024, Mr. Kermelewicz reached mutual agreement regarding his transition from Executive Vice President, FGI Industries to Sales Director, effective at the close of December 31, 2024.

The Compensation Committee references publicly available data in establishing base salaries of executive officers following our initial public offering. The Compensation Committee also considers the Chief Executive Officer’s recommendations as to compensation for the Company’s other executive officers. The Compensation Committee uses a subjective process to set base salaries and does not specifically weight any factors. Based upon the information reviewed, the Compensation Committee sets the compensation for each executive officer. The Chief Executive Officer is not present during the committee’s deliberations or voting on his compensation.

### Management Incentive Plan
The Company maintains an annual bonus plan under which our Named Executive Officers, together with other executives and key employees of the Company, are eligible