Company: BHE
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0000950170-25-051057
Chunk: 24

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 24
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ledging Policies           |    | 29 |
| Senior Vice President, General Counsel and Chief Legal                                                                                                                                                                                                                                                                       |                                                  | Deferred Compensation Benefits                       |    | 29 |
| Officer, Corporate Secretary                                                                                                                                                                                                                                                                                                 |                                                  | Retirement Benefits                                  |    | 30 |
| Roop K. Lakkaraju(3)                                                                                                                                                                                                                                                                                                         |                                                  | Perquisites and Personal Benefits                    |    | 30 |
| Former Executive Vice President, CFO                                                                                                                                                                                                                                                                                         |                                                  | Analysis of Compensation Risk                        |    | 30 |
|                                                                                                                                                                                                                                                                                                                              |                                                  | Certain Tax Considerations                           |    | 31 |

(1)Effective October 8, 2024, Bryan Schumaker joined the Company as Executive Vice President and CFO.

(2)Effective April 1, 2024 through October 7, 2024, Arvind Kamal served as Interim CFO of the Company.

(3)Effective April 1, 2024, Roop K. Lakkaraju resigned from his position to pursue another opportunity and is no longer with the Company.

| 21  Benchmark. Benchmark Electronics, Inc.     •    2025 Proxy Statement |

#### COMPENSATION DISCUSSION AND ANALYSIS
Executive Summary

2024 Business Overview

The Company successfully navigated a challenging business environment in 2024. We enhanced our margins, maintained steady earnings and cash flow and significantly reduced inventory. These achievements enabled us to reinvest in growth across our sites and deliver increased value to our shareholders.

2024 Compensation Highlights

We believe our pay is well aligned with performance and that our structure maintains an appropriate balance between our long-term and short-term performance, creating a corollary between our operational performance and shareholder return. In accordance with our compensation philosophy and based on our performance, the Human Capital and Compensation Committee took the following actions in 2024:

Base Salaries: The Human Capital and Compensation Committee approved base salary increases for our Named Executive Officers of 2% based on market data, performance, and internal reviews. Please see the "2024 Executive Compensation Program in Detail - Base Salary" section in the Compensation Discussion and Analysis for more information.

Annual Performance-Based Incentive Awards: Our Named Executive Officers earned annual incentives below target consistent with our financial results based on the achievement of performance related to revenue, Adjusted Operating Income (as defined below) and Adjusted Inventory levels (as defined below).

Long-Term Equity-Based Incentives: We maintained our practice of targeting median level grants to