Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 52

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 52
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  3,691 | ​ | ​ |
| ​ | Mr. Harris        | ​ | ​ | ​               | ​ |   400,000 | ​ | ​ | ​ | ​       | ​ |  4,145 | ​ | ​ | ​ | ​                    | ​ | 200,000 | ​ | ​ | ​ | ​           | ​ |  2,073 | ​ | ​ | ​ | ​          | ​ | 200,000 | ​ | ​ | ​ | ​           | ​ |  2,072 | ​ | ​ |
| ​ | Mr. Gilbert       | ​ | ​ | ​               | ​ |   180,000 | ​ | ​ | ​ | ​       | ​ |  4,747 | ​ | ​ | ​ | ​                    | ​ |  90,000 | ​ | ​ | ​ | ​           | ​ |  2,374 | ​ | ​ | ​ | ​          | ​ |  90,000 | ​ | ​ | ​ | ​           | ​ |  2,373 | ​ | ​ |

Deferred Compensation Plan The Deferred Compensation Plan is a nonqualified deferred compensation plan that the Company adopted effective January 1, 2021, to provide select employees, including its executive officers, with an opportunity to voluntarily defer the receipt of a portion of their base salary and/or annual cash incentive awards. The Compensation Committee believes that providing opportunities to defer taxable income is an important part of an attractive rewards program necessary to recruit and retain qualified executive officers. Perquisites and other Executive Benefits Executive officers are eligible for certain perquisites and additional benefits that are not available to all employees (but are available to many management level employees), such as our SERP (the SERP is

TABLE OF CONTENTS 38 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 closed to new participants). The SERP provides additional benefits to individuals whose retirement benefits are affected by the limit on the maximum amount of compensation under the Company’s 401(k) plan and provides additional benefits on annual profit-sharing distributions not recognized under the 401(k) plan. Additional details regarding perquisites and other benefits provided to our named executive officers are disclosed in the Summary Compensation Table and described in the accompanying narrative. We believe the perquisites and additional benefits provided to our named executive officers are reasonable in light of industry practices and competitive with the perquisites provided to executive officers within our peer group. We review the perquisites