Company: JOUT
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001140361-25-000715
Chunk: 34

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 34
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, market share growth, organizational development and innovation. For fiscal 2024, the individual objectives component constituted 15% of the NEO’s total bonus opportunity under the Cash Bonus Plan. As a condition of payment of any bonus under the individual objectives component, the Company must achieve a minimum level of pre-tax income for a given fiscal year as determined by the Compensation Committee. |

Target awards for each participant have historically ranged from 55% to 90% of the participant’s base salary. For fiscal 2024, the target was 90% of base salary for Ms. Johnson-Leipold and 55% of base salary for Mr. Johnson. The Compensation Committee believes these target award opportunities are competitive with industry practices as reflected by the Pearl Meyer comparative report described above. The maximum payout under the Cash Bonus Plan is set to 200% of the target bonus amount when both of the maximum financial performance levels are achieved or exceeded. In addition, the participant could receive a payout for the Company financial component at 25% of the target bonus amount when both of the threshold or minimum financial performance levels are achieved. The Compensation Committee retains the final authority to approve individual bonus payments under our Cash Bonus Plan after completion of the applicable fiscal year. The Compensation Committee may, in its sole discretion, increase, reduce or eliminate bonuses which are otherwise earned during the fiscal year using the foregoing components or formula, including with respect to approving certain adjustments to our financial results in connection with determining cash bonus amounts. In making such determinations, the Compensation Committee considers factors such as a minimum level of Company profitability and return of profits to shareholders. For the Company financial component of the fiscal 2024 bonus, payouts can range from 0 to 200% of the target. The actual payout is based on how well the Company performs compared to the goals for pre-tax income and working capital as a percentage of net sales. For fiscal 2024, the Company financial component was below target goals and no bonuses were earned or paid for this component. With respect to the individual objectives component of the annual bonus, payouts also range from 0% to 200% of target. The actual payout is based on how well the individual objectives are satisfied compared to applicable

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| EXECUTIVE COMPENSATION |

goals for the individual participant as determined by the Compensation Committee as well as minimum financial (profit) metrics being satisfied. For fiscal 2024, no bonuses were earned or paid for the individual objectives component of the bonus for Ms.