Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 49

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 49
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 ​ | ​ | ​ |       3.2 |   |        |   | ​ | ​ |    4.0 |   |      |   | ​ | ​ |     4.8 |   |        |   | ​ | ​ |         3.6 |   |        |   | ​ | ​ | ​             | ​ | 77%   | ​ | ​ |
| ​ | Strategy Execution(3)                      | ​ | ​ | ​         | ​ | 25% | ​ | ​ | ​ |       50% |   |        |   | ​ | ​ |   100% |   |      |   | ​ | ​ |    200% |   |        |   | ​ | ​ |         50% |   |        |   | ​ | ​ | ​             | ​ | 50%   | ​ | ​ |
| ​ | Weighted Overall Payout % (% of Target)    | ​ | ​ | ​         | ​ | ​   | ​ | ​ | ​ |       50% |   |        |   | ​ | ​ |   100% |   |      |   | ​ | ​ |    200% |   |        |   | ​ | ​ |           ​ | ​ | ​      | ​ | ​ | ​ | ​             | ​ | 58.1% | ​ | ​ |

(1) Adjusted EBITDA is a non-GAAP financial measure that is defined as net income before interest, income taxes, depreciation and amortization each excluding the effect of acquisitions completed during the year, further adjusted for gains or losses outside the normal scope of our ordinary activities including but not limited to transformation program costs, restructuring and other related charges, asset impairments, gains or losses on the sale of assets,

TABLE OF CONTENTS 37 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 transaction costs representing acquisition and integration related costs and other items of income expense, gain or loss, that, in the case of each of the foregoing are identified in the publicly filed reports. (2) Working capital turnover ratio is a formula that calculates how efficiently the company utilizes working capital to support sales and growth. Working capital is current assets minus current liabilities. The working capital turnover ratio is calculated as follows: annual net sales divided by the average amount of working capital during the same year. (3) Strategy Execution is a non-financial metric related to the