Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 55

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 55
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ISORY VOTE ON EXECUTIVE COMPENSATION (Proposal No. 2)

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, HEICO’s shareholders may cast an advisory and non-binding vote at the Annual Meeting in relation to the compensation of our Named Executive Officers as disclosed in this proxy statement in accordance with Section 14A of the Exchange Act. As approved by our shareholders at the 2024 Annual Meeting, we conduct this non-binding vote on an annual basis. This proposal is set forth in the following resolution: RESOLVED, that HEICO Corporation’s shareholders approve, on an advisory basis, the Company’s named executive officers’ compensation, as disclosed in this proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables, and any related material disclosed in this proxy statement. As described more fully in the Compensation Discussion and Analysis, the Compensation Committee believes that our compensation policies, which provide clear and simple objectives, will yield the best results. Our objectives are:

| 1. | Compensate our executives fairly; |

| 2. | Motivate our executives to honestly and ethically grow our Company’s profits, cash generation, revenues, and market capitalization over time, not just in the short term; and |

| 3. | Retain our executives and have the ability to attract new ones as needed. |

Our executive compensation program’s success is evidenced by the Company’s strong growth and financial performance for over 34 years, commencing in 1990 when the current management team took over the Company’s operations. Our sales from continuing operations have grown from just over $26 million in fiscal 1990 to approximately $3.9 billion in fiscal 2024, representing a compound annual growth rate of approximately 16%. During the same period, we improved our net income from just below $2 million to approximately $514 million, representing a compound annual growth rate of approximately 18%. We also note that, during this time, our shareholders have benefited significantly, with a $100,000 investment in HEICO at the time current management took over operation of the business becoming worth approximately $99.2 million as of October 31, 2024, which is an approximately 22% compound annual growth rate. Our executive compensation program is structured to align the interests of our executive officers (some of whom are significant Company shareholders) with those of our other shareholders and to fairly reward them for creating shareholder value and for achieving our business