Company: ONEW
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001772921-25-000007
Chunk: 47

Company: OneWater Marine Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 47
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 actual value that may be ultimately realized by the executive. See Note 13 to our consolidated financial statements in our Annual Report on Form 10-K for the year ended September 30, 2024, for a discussion of the assumptions used in determining the FASB ASC 718 grant date fair value of these awards.

For purposes of determining the grant date fair value of the PSUs granted during fiscal year 2024, in accordance with SEC rules and FASB ASC Topic 718, we have assumed settlement of the PSUs at the target level of performance. Based on the Company’s actual achievement of the applicable performance metrics during the performance period beginning on October 1, 2023 and ending on September 30, 2024, 74% of the PSUs were earned.

Narrative to the Summary Compensation Table and Grants of Plan Based Awards Table

#### Employment Agreements
Each of our Named Executive Officers was party to an employment agreement during the 2022, 2023 and 2024 fiscal years (each, including any applicable amendment, an “Employment Agreement,” and collectively, the “Employment Agreements”). The narrative below summarizes the payments and benefits that each Named Executive Officer is currently eligible to receive on an annual basis.

Base Salary . Each Named Executive Officer’s base salary is a fixed component of annual compensation for performing specific job duties and functions. The compensation committee engages the human resources consulting division of Aon as our compensation consultant who assisted in setting the initial base salaries for the Named Executive Officers. Base salary is reviewed by the Board or the compensation committee periodically according to our normal compensation review standards and we intend to continue to use Aon to determine appropriate adjustments to base salaries going forward. The Employment Agreements provide for annual salaries of at least $670,000, $670,000 and $400,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively. For fiscal year

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2021, the compensation committee approved cost of living adjustments, resulting in the following annual base salaries with certain adjustments for our Named Executive Officers: $725,000, $725,000 and $425,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively. For fiscal year 2022, the compensation committee did not adjust the annual base salaries for our Named Executive Officers. For fiscal year 2023, the compensation committee approved cost of living adjustments, resulting in an increase of the annual base salary to $475