Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 40

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 40
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| Funding Level Safety Objectives(3)(10% weighting)                                |           | --       |          | --       | --               | 118.0%  |

28ABM Industries Incorporated 2025 Proxy Statement

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Adjusted Net Income is a non-GAAP measure. A reconciliation to the nearest GAAP measure, Net Income, is set forth in Appendix C.

Organic Revenue is a non-GAAP number adjusted for the impact of the Quality Uptime acquisition. A reconciliation of Organic Revenue to Revenue (as adjusted for the impact of the Quality Uptime acquisition) to GAAP Revenue is set forth in Appendix C.

Comprised of metrics pertaining to the improvement of workers’ compensation and safe work observation program participation, the safety objective achievement resulted in a funding level of 118%.

2024 Personal Objectives Achievements and CIP Award Payment for Scott Salmirs, President and CEO

For fiscal 2024, the Committee considered Mr. Salmirs’ performance against his Personal Objectives in a process that involved discussions with all of the independent Board members. After considering the perspectives of the independent members of the Board, the Committee concluded that Mr. Salmirs’ delivered on his Personal Objectives, including:

Elevate the Client Experience – Achieved record new sales and business expansions through ABM Performance Solutions and ABM Clean; acquired Quality Uptime Services and drove growth in priority sectors; expanded services with the ABM Electrification Center and ABM Electrical Vehicle Operating System application; enhanced client experience with an upgraded Client Facing Dashboard and new satisfaction surveys

Elevate the Team Member Experience – Launched ABM Plus to drive cross-selling; reduced employee turnover through the Team Member Retention program; improved hiring efficiency and reduced candidate drop-off; expanded Leadership Academy and introduced new leadership training and mentoring programs; boosted engagement via the ABM Voice survey and inclusion programs (Women at ABM, Veterans at ABM)

Elevate our use of Tech & Data – Advanced digital transformation with the enterprise resource planning system launch in Business and Industry and Manufacturing and Distribution groups; completed major information technology upgrades including Citrix, hardware refresh, security enhancements on time and on budget; expanded Workforce Productivity tools and progressed internal artificial intelligence strategy and digital innovations; prepared the ABMConnect application for the upcoming company-wide launch

The Committee recommended, and the Board (with Mr. Salmirs recusing himself) approved, payout at 160.0% of target for Mr. Salmirs for