Company: CRAI
Filing Date: 2025-07-22
Form Type: 8-K
Source: 0001104659-25-069644
Chunk: 2

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-07-22
Form: 8-K
Item: Item 5.02
Chunk 2
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 base salary of $400,000 effective as of August 4, 2025. He
will also be eligible for a target cash bonus for fiscal 2025 of $250,000 with a maximum payout of $425,000 allocated between 50% corporate
performance related to the Company and 50% based on individual performance objectives. Mr. Langan is also eligible for an award under
the Company’s long-term incentive plan with a target value of $325,000. In connection with his promotion, the Compensation Committee
of the Board has granted Mr. Langan an equity award of restricted stock units under the Company’s Amended and Restated 2006
Equity Incentive Plan in the amount of $130,000, subject to vesting in four equal annual installments as follows: 25% on the first anniversary
of the grant date; 25% on the second anniversary of the grant date; 25% on the third anniversary of the grant date; and 25% on the fourth
anniversary of the grant date, provided that he remains employed by the Company on each such vesting date. In addition, the Compensation
Committee of the Board has granted Mr. Langan performance-based restricted stock units under the Company’s Amended and Restated
2006 Equity Incentive Plan with a target value of $195,000 (and a maximum value of $292,500), with the number of units determined based
on performance goals during the period from December 29, 2024 through January 2, 2027, and 50% of the determined award amount
vesting immediately upon the Compensation Committee of the Board’s determination of performance achievement, 25% vesting on the
third anniversary of the grant date and 25% vesting on the fourth anniversary of the grant date, provided that he remains employed by
the Company on each such vesting date.

Ms. David,
age 58, has served as the Company’s Vice President, Chief Accounting Officer and Controller since March 2023. She joined the
Company in 2016 as part of the GL Accounting & SEC Reporting team. She has more than 25 years of public accounting and public
company experience. Throughout her career at the Company, Ms. David has played important roles in integrating team hires, improving
processes, and implementing new software. She has a BA in Psychology from the University of Rochester and an MS in Accounting from Bentley
University. No material plans,