Company: CRAI
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039429
Chunk: 30

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 30
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 of our executive officers at its regularly scheduled meeting in the first fiscal quarter of each year. Each executive officer’s base salary reflects his position, experience, past contributions and potential. Annual changes to an executive officer’s base salary, if any, are based on the committee’s assessment of the individual performance of the executive officer, our overall performance and the performances of our business practices, any changes in the executive officer’s role, general economic conditions (such as inflation), and economic forecasts. In determining the base salaries of our executive officers, the committee is also generally mindful of our overall goal of remaining competitive with our peers and retaining our executive officers. On April 29, 2024, our compensation committee determined that annual base salary for our executive officers would be as follows: $900,000 for Mr. Maleh, our president and chief executive officer; $500,000 for Mr. Mahoney, our former executive vice president, chief financial officer and treasurer; $500,000 for Mr. Holmes, our executive vice president, chief corporate development officer and interim chief financial officer and treasurer; and $500,000 for Mr. Yellin, our executive vice president and general counsel. In determining each of our other executive officer’s annual rate of base salary from its fiscal 2023 level, the committee considered several factors, including input provided by Semler Brossy, performance of the Company and individual executive officer performance. Annual incentive cash bonuses In addition to base salary, the cash compensation of our executive officers for fiscal 2024 included annual incentive cash bonuses that our executive officers were eligible to receive under our cash incentive plan, based on the achievement of performance goals linked to certain performance metrics. The use of these annual incentive cash bonuses permits us to provide our executive officers with motivation to pursue particular objectives in any given year that are consistent with our growth and profitability, as well as the overall goals and strategic direction set by our board of directors. These annual incentive cash bonuses also tie compensation to performance, and thus play an important role in our pay-for-performance philosophy. The importance of this philosophy to us and our compensation committee is demonstrated by the fact that in fiscal 2024 the target payment amounts under these annual incentive cash bonuses constituted 55% of the target cash compensation of our president and chief executive officer, and over 45% of the target cash compensation of our other executive officers. (4) Performance criteria and targets of fiscal 2024 annual incentive cash bonuses On April 29, 2024, our compensation committee determined the performance criteria