Company: BHE
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0000950170-25-051057
Chunk: 40

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 40
---
 this, the Human Capital and Compensation Committee has determined that our compensation program is unlikely to motivate inappropriate risk-taking.

Certain Tax Considerations

Beginning with our 2018 tax year, Section 162(m) of the Code (“Section 162(m)”) generally prohibits a public company from taking an income tax deduction for compensation over $1 million paid to the principal executive officer, the principal financial officer and any one of the three highest paid executive officers as of the close of the applicable taxable year. Although the tax benefits associated with performance-based compensation programs previously allowed under 162(m) generally have been eliminated, the Human Capital and Compensation Committee believes that a pay-for-performance model incentivizes our executive officers to achieve objectives that are aligned to the creation of shareholder value, irrespective of tax deductibility.

| 31  Benchmark. Benchmark Electronics, Inc.     •    2025 Proxy Statement |

<div align='center'>HUMAN CAPITAL AND COMPENSATION COMMITTEE REPORT</div>

The Human Capitaland Compensation Committee operates under a written charter approved by the Board of Directors. As required by the charter, each member of the committee is independent, and no member of the committee has any interlocking or other relationships with the Company.

The committee administers the Company’s executive compensation program. Among other things, the committee is responsible for:

establishing the compensation of our CEO, which is then ratified by the full Board;

reviewing and approving the compensation of the Named Executive Officers other than the CEO as proposed by the CEO;

administering the Company’s employee benefit plans; and

overseeing Company’s human capital programs including talent management, organizational health, culture and inclusion .

The committee has reviewed and discussed the Compensation Discussion and Analysis for the year ended December 31, 2024 and other compensation disclosures in this Proxy Statement with management. Based on such reviews and discussions, the committee recommended to the Board that the compensation-related disclosures made in this Proxy Statement, including the Compensation Discussion and Analysis, be included herein and incorporated by reference into the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

Respectfully submitted,

Human Capital and Compensation Committee

Robert K. Gifford, Chair

Anne De Greef-Safft

Jeffrey S. McCreary

David W. Scheible

| 32  Benchmark. Benchmark Electronics, Inc.     •    2025 Proxy Statement |

<div align='center'>COMPENSATION TABLES AND NARRATIVES</div>

The following tables,