Company: CVGI
Filing Date: 2025-04-04
Form Type: PRE 14A
Source: 0001628280-25-016847
Chunk: 51

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-04-04
Form: PRE 14A
Chunk 51
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aries are reviewed annually by the Committee and periodic adjustments are made based on the factors noted above, as well as input from the President & CEO with respect to his direct reports, and comparator data from comparator organizations and compensation surveys. However, there is no specific formula applied to the factors noted above and annual increases are not guaranteed. The Committee believes the current NEO salaries are consistent with the salaries paid to similarly situated executive officers of companies in the compensation peer group and published survey data.

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The 2024 base salary of our NEOs was as follows:

| NEO            |     | Base Salary |
| Mr. Ray        |     |    $900,000 |
| Mr. Cheung     |     |    $480,000 |
| Mr. Mohamed(1) |     |    $385,000 |
| Ms. Mathers    |     |    $380,000 |
| Mr. Tajer(2)   |     |    $388,000 |

(1) Mr. Mohamed's base salary was $371,753 from January 1, 2024 to March 31, 2024.

(2) Mr. Tajer's base salary was $375,000 from January 1, 2024 to March 31, 2024.

Ms. Mathers and Messrs. Ray, Cheung, and Mohamed are entitled to participate in any employee benefit plan the Company has adopted or may adopt for the benefit of its employees generally, including the Commercial Vehicle Group, Inc. Deferred Compensation Plan, subject to satisfying applicable eligibility requirements. Additionally, each of them may receive certain payments and benefits upon termination, which are detailed in the "Post-Termination Payments" section below.

With the Company effecting a not for cause involuntary termination of Mr. Tajer from being President of Electrical Systems, effective October 31, 2024, and as an employee effective December 31, 2024, the Company agreed to pay Mr. Tajer less than contractual amounts. The Company will not pay Mr. Tajer twenty-four months of severance base pay; instead, the Company will pay Mr. Tajer twelve-months of severance base pay from January 1, 2025 to December 31, 2025, and all unvested equity grants, as of December 31, 2024, were forfeited by Mr. Tajer. Additionally, Mr. Tajer was not paid a bonus for the year ended December 31