Company: EME
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015031
Chunk: 24

Company: EMCOR Group, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 24
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 our financial goals for that year, and the personal goals and objectives for each such executive for that year are recommended by our Chief Executive Officer and are reviewed by and ultimately established by the Compensation Committee, together with input from Mercer, at a meeting without any members of management present. In the case of our Chief Executive Officer, the Compensation Committee, including our Lead Director, establish the annual personal goals and objectives. The specific amounts of the annual base salaries, incentive awards and LTIP payments and grants to our named executive officers for 2024 are set forth in the Summary Compensation Table on page 30. Incentive awards based upon our financial results are made under our Annual Incentive Program and our LTIP, subject to the performance terms and other applicable provisions of our Key Executive Incentive Bonus Plan and our 2010 Incentive Plan. Because, as discussed herein, (a) our annual incentive awards to named executive officers are capped, (b) our equity awards provide for the award of restricted stock units that generally cliff vest after three years, and (c) the cash award under the LTIP is linked to our financial performance over a three-year period, the Compensation Committee does not believe our named executive officers are encouraged to take excessive or unnecessary risk. In addition, the Compensation Committee does not believe that our compensation policies and practices for employees generally are reasonably likely to have a material adverse effect on the Company. At our 2024 Annual Meeting of Stockholders, over 91% of the shares present at the meeting and voting “For” or “Against” were cast in favor of a resolution to approve, on an advisory basis, the compensation of our named executive officers as set out in our proxy statement for that meeting. Given this percentage of votes in favor of our named executive officer compensation, the Compensation Committee determined that our stockholders strongly support our current compensation policies and programs and decided generally to keep our compensation practices in place for 2024. Leadership Transition Effective as of April 1, 2024, as part of our planned realignment of responsibilities, Mr. Mark A. Pompa, our former Executive Vice President and Chief Financial Officer, stepped down as Chief Financial Officer of the Company and, as of such date, Mr. Jason R. Nalbandian succeeded Mr. Pompa as Chief Financial Officer. Mr. Pompa continued as a part-time employee of the Company from April 1, 2024 to June 28, 2024 to remain available for consultation on matters, working approximately 10