Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 48

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 48
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 as an AIP performance metric for calendar year 2024 because we continue to believe that it is an efficient short-term measure of operating performance, profitability and cash flow. We also retained Working Capital Turnover (defined below) as an AIP performance metric for calendar year 2024 because it is an important indicator of how efficiently we use our working capital to support our sales, which we believe is critical to our success. We included the non-financial metric — Strategy Execution — related to the successful on-time achievement of project milestones associated with our enterprise resource planning implementation project because this is a strategic initiative that is critical to the Company’s transformation.

| ​ 
 ​ | Company Performance Goals and 2024 Results 
 ​                                          | ​ | ​ | Weighting |   |     |   | ​ | ​ | Threshold 
     (50%) |   |        |   | ​ | ​ | Target 
 (100%) |   |      |   | ​ | ​ | Maximum 
  (200%) |   |        |   | ​ | ​ | Actual 2024 
     Results |   |        |   | ​ | ​ | Unweighted    
 Actual Payout 
 as a % of     
 Target        |   |       |   | ​ 
 ​ |
|:--|:-------------------------------------------|:--|:--|:----------|:--|:----|:--|:--|:--|----------:|:--|:-------|:--|:--|:--|-------:|:--|:-----|:--|:--|:--|--------:|:--|:-------|:--|:--|:--|------------:|:--|:-------|:--|:--|:--|:--------------|:--|:------|:--|:--|
| ​ | Adjusted EBITDA(1)                         | ​ | ​ | ​         | ​ | 50% | ​ | ​ | ​ |         ​ | $ | 110.4M | ​ | ​ | ​ |      ​ | $ | 138M | ​ | ​ | ​ |       ​ | $ | 165.6M | ​ | ​ | ​ |           ​ | $ | 111.8M | ​ | ​ | ​ | ​             | ​ | 52%   | ​ | ​ |
| ​ | Working Capital Turnover(2)                | ​ | ​ | ​         | ​ | 25% |