Company: HCKT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0000950170-25-043233
Chunk: 29

Company: HACKETT GROUP, INC.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 29
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. Fernandez, Dungan and Ramirez base salaries in 2024 were $900,000, $630,000 and $400,000, respectively. The CEO’s, COO’s and CFO’s base salaries were last increased in 2024, 2024 and 2020, respectively.

The Company believes the base salaries it currently pays to its named executive officers are at market competitive levels for companies of similar size within its industry. (See the “Summary Compensation Table” on page 23 of this proxy statement and the related footnotes for additional information about base salaries).

Incentive Compensation

The Company’s annual incentive program reflects the Compensation Committee’s belief that a significant portion of the named executive officers’ compensation should be tied to Company performance. For 2024, variable, non-guaranteed performance-based compensation paid to Messrs. Fernandez, Dungan and Ramirez represented 76%, 71%, and 53%, respectively, of their total compensation, excluding Stock Price Awards. The annual incentive component of the Company’s executive compensation program consists of annual performance-based cash incentive awards and performance-based equity incentive grants in the form of restricted stock units of which, if earned based on performance, vests one third annually over a three-year period commencing on the first anniversary of the grant date. These performance-based cash and equity opportunities are tied to the achievement of adjusted diluted net earnings per share targets based on a Board-approved operating plan. Each participant in the Company’s executive compensation program has target cash and equity incentive opportunities expressed as a percentage of salary. Cash and equity payouts are based on the dollar amount of the opportunity earned based on target levels achieved. For the

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Company's CEO and COO, the equity opportunities have historically been more heavily weighted than the cash opportunities, including in 2024 and for 2025. Performance-based equity incentive awards earned are expressed in a dollar amount and divided by the Company’s share price on the date of grant to calculate the equity incentive grant in the form of restricted stock units, the value of which is ultimately determined by the Company’s stock price on the date of vesting. Messrs. Fernandez and Dungan also had an incentive tied to an ACV-based revenue growth target. If the target is achieved, the payout for this incentive would be in restricted stock units that vest over a three-year period. (See “Executive Compensation Decisions for 2024” on page 19 of this proxy statement). In 2024, Messrs. Fernandez,