Company: TTMI
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038317
Chunk: 44

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 44
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 year, short-term incentive compensation for that fiscal year, and PRUs vested for the performance period during the fiscal year.

This chart illustrates the average compensation received by the group of NEOs as reported in our proxy statements for the years. 2022, 2023, and 2024 even though the group of NEOs has changed each year.

2024 SAY ON PAY VOTE

At our 2024 annual meeting, our stockholders overwhelmingly approved, on an advisory basis, the compensation of our NEOs described in our 2024 proxy statement. Approximately 97.7% of the votes cast on the matter were voted “For” such advisory “Say-on-Pay” approval, thereby providing the human capital and compensation committee with verification that its compensation practices align the interests of the Company’s executives with those of the Company’s stockholders.

COMPENSATION PRACTICES

We continually review the Company’s executive compensation program to maintain compensation practices that are in the best interests of our stockholders. Some of our key policies are summarized below:

| WHAT WE DO:                                                                                                                                               |     | WHAT WE DON’T DO:                                                                                   |
| •We tie a significant portion of NEO pay to performance through our performance-based annual bonus plan and our multi-year performance share unit program 
 •We use double triggers in our severance agreements and our equity awards                                                                                 
 •We maintain significant stock ownership guidelines for our NEOs                                                                                          
 •We have a robust clawback policy                                                                                                                         
 •The human capital and compensation committee engages an independent compensation consultant                                                              |     | •We do not maintain pension plans or other executive retirement plans                               
 •We do not provide tax gross up payments for any amounts considered to be excess parachute payments 
 •We do not allow hedging or pledging of our stock                                                   
 •We do not permit the repricing of stock options without prior stockholder approval                 
 •We do not provide excessive perquisites                                                            |

| TTM TECHNOLOGIES, INC. | 29 |

| •We conduct annual compensation risk assessments |     | •We do not have executive employment agreements      
 •We do not have guaranteed bonus minimums or payouts |

Executive Compensation Philosophy and Objectives

The human capital and compensation committee of our Board of Directors, is intended to attract, motivate, and retain executives and reward the creation of stockholder value. We seek to provide executive compensation packages that are competitive with comparable companies and reward the achievement of short-term and long-term performance.

We use a combination of fixed and variable compensation programs to reward and incentivize