Company: FGI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001628280-25-020349
Chunk: 27

Company: FGI Industries Ltd.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 27
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 engaging the independent registered public accounting firm.

All audit services and audit-related services incurred during 2024, as applicable, were pre-approved by our Audit Committee.

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#### Required Vote and Board Recommendation
The Board recommends that you vote “ FOR ” the ratification of the appointment of Marcum as the Company’s independent registered public accounting firm. Approval of the proposal requires the affirmative vote of a majority of the voting power of the shareholders present, whether in attendance at the virtual meeting or by proxy, and entitled to vote at the meeting, provided that a quorum is present.

### EXECUTIVE COMPENSATION
The following discussion focuses on compensation paid for 2024 to the following named executive officers, as defined under U.S. Securities and Exchange Commission rules (the “Named Executive Officers” or “NEOs”):

• David Bruce, Chief Executive Officer;

• John Chen, Executive Chairman;

• Bob Kermelewicz, Executive Vice President, FGI Industries

#### Executive Compensation Components for 2024
We provide a compensation package to our executive officers, including base salary, bonus incentive compensation, certain perquisites and participation in benefit arrangements that are generally available to all salaried employees, such as health and retirement plans, automobile allowance and life insurance premiums. We have also periodically awarded our executive officers with long-term equity incentive grants in the form of share options. Our executives are eligible to participate in any employee benefit plan that provides opportunities to earn equity incentive compensation. Accordingly, our executives are eligible to participate in our equity incentive plans or employee share purchase plans, and the Board may grant equity awards to the executives thereunder.

#### Base Salary
Salaries for our executive officers are determined and paid on an annual basis and, for 2024, were established by our Compensation Committee in accordance with the terms of any executive officer’s employment agreement with the Company.

Mr. Bruce had an annual base salary of $ 300,000 in 2024. His employment agreement also provides the chief executive officer with a monthly car allowance.

Mr. Chen had an annual base salary of $200,000 in 2024.

Mr. Kermelewicz had an annual base salary of $271,421 in 2024, pursuant to an employment agreement with Mr. Kermelewicz entered into on January 24, 2022 that provided for Mr. Kermelewicz’s continued service as the Company’s Executive Vice President, USA. On November 5, 2024, Mr. Ker