Company: ONEW
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001772921-25-000007
Chunk: 48

Company: OneWater Marine Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 48
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,000 for Mr. Ezzell. The compensation committee did not adjust the annual base salaries for Mr. Aisquith and Mr. Singleton in fiscal year 2023. For fiscal year 2024, the compensation committee approved increases due to results of the peer group study with Aon, resulting in the following annual base salaries for our Named Executive Officers: $800,000, $800,000 and $600,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively.

Annual Bonus . In fiscal year 2020, the Company adopted a robust annual incentive program in which all of our Named Executive Officers participated in the 2022, 2023 and 2024 fiscal years. The amount of the annual bonus earned by each Named Executive Officer is contingent upon the achievement of performance metrics and targets set annually by the compensation committee, and may range from 0% to 200% of each Named Executive Officer’s target annual bonus, based on the achievement of such metrics and targets. Adjusted EBITDA and aged inventory were utilized as metrics in fiscal years 2022, 2023 and 2024. We intend to continue to use these metrics going forward. The Employment Agreements provide for a target annual bonus of at least $520,000, $520,000 and $100,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively. For fiscal year 2021, the compensation committee approved increases to the target annual bonus for each Named Executive Officer, resulting in the following target amounts: $750,000, $750,000 and $250,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively. For fiscal year 2022, the compensation committee did not adjust the target annual bonus for each Named Executive Officer. For fiscal year 2023, the compensation committee approved an increase of the target annual bonus to $350,000 for Mr. Ezzell due to the results of the peer group study with Aon. The compensation committee did not adjust the target annual bonus for Mr. Aisquith and Mr. Singleton in fiscal year 2023. For fiscal year 2024, the compensation committee approved increases to the target annual bonus for each Named Executive Officer as a result of the peer group study with Aon, resulting in the following target amounts: $960,000, $960,000 and $465,000 for Mr. Singleton