Company: ACCO
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046374
Chunk: 21

Company: ACCO BRANDS Corp
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 21
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. Assessment of strategic measures was based on 1) our progress in growing the business, both organically and through acquisitions; delivering on cost savings targets; and the astute management of organizational and structural change, including people, facilities, systems and processes, 2) growth from new product development and 3) progress in meeting our ESG objectives. In February 2025, the Board and Compensation and Human Capital Committee reviewed management's performance relative to these strategic measures. Management successfully reorganized the company into two operating segments, reducing complexity within the business and exceeding cost savings targets for 2024. Progress was made refocusing new product development efforts, but meaningful revenue growth was not achieved in 2024. The company is on track to meet its ESG objectives. Based on the overall evaluation of the three strategic measures, and as a result of below target achievement of the new product development measure, the Compensation and Human Capital Committee, and the Board for Mr. Tedford, determined that each of the named executive officers earned 67 percent of the strategic measures component of their 2024 AIP award.

#### 32ACCO BRANDS| 2025 PROXY STATEMENT
2024 Performance Stock Unit ("PSUs") Results The 2022 - 2024 PSUs vested on December 31, 2024 and resulted in an 11.2 percent performance achievement for the cumulative three-year period. For additional information regarding the 2024 AIP and the 2022 - 2024 PSUs, see “Annual Incentive – 2024 Payouts” and “2022 - 2024 PSUs.” 2024 CEO Pay Decisions Each year, the Compensation and Human Capital Committee and the Board, with input from the Compensation and Human Capital Committee's independent compensation consultant, Meridian Compensation Partners, LLC (“Meridian”), reviews the CEO’s overall compensation package. This review considers, among other things, the CEO's individual's performance, the short-term and long-term financial and strategic performance of the Company, and the relative positioning of the CEO's total compensation to the median of the Company's Peer Group. Mr. Tedford's 2024 base salary and incentive targets as CEO were set on March 12, 2024. In setting Mr. Tedford's 2024 base salary and incentive targets, the Compensation and Human Capital Committee considered the factors noted above and Mr. Tedford's recent promotion to the CEO position in October 2023. The Compensation and Human Capital Committee recommended