Company: ACEL
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001628280-25-018604
Chunk: 43

Company: Accel Entertainment, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 43
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DA to net income for fiscal year 2024, refer to pages 39-40 of “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 3, 2025 .

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(3) The Compensation Committee exercised its discretion to decrease the final STI payout to account for material acquisitions during the period and certain actions taken that will have an immaterial, but negative in year impact on other expenses.

Individual Component (20%)

Individual performance goals are focused on a combination of corporate and/or role-specific accomplishments or behaviors that focus executives on accomplishing our long-term strategic business plan. Individual goals relate to the Company’s overall financial and strategic goals, with no specific weighting attributed to any one goal. The maximum payout on this component is 200% of target.

Each NEO was assigned individual goals, including, but not limited to, the following factors to support our longer-term financial and strategic success:

• Financial strength: Deliver revenue and AEBITDA growth through enhanced partnership platforms, efficient operations, and implementation of strategic growth initiatives.

• Operational efficiency: Create an organizational structure that supports an efficient scaling of our business through organic growth and acquisitions.

• Financial efficiency: Remediate material weaknesses and optimize the Company’s financial close processes.

• Robust compliance: Implement comprehensive compliance plans and instill a culture of compliance throughout the organization.

• Succession planning: Ensure we have an appropriate depth of management talent to succeed our senior leaders.

The individual performance of each executive for 2024 was reviewed by the Compensation Committee. The following performance results were approved:

| Name              |     | 2024 Target |     | 2024 Actual Performance |     | 2024 Individual Component Approved |
| Andrew Rubenstein |     | 20%         |     | 75%                     |     | 15%                                |
| Mathew Ellis      |     | 20%         |     | 70%                     |     | 14%                                |
| Derek Harmer      |     | 20%         |     | 85%                     |     | 17%                                |
| Mark Phelan       |     | 20%         |     | 100%                    |     | 20%                                |

2024 Approved STI Payouts

The Compensation Committee approved the following STI payouts for 2024 performance:

The table below summarizes the target