Company: AVD
Filing Date: 2025-05-29
Form Type: DEF 14A
Source: 0000950170-25-079166
Chunk: 37

Company: AMERICAN VANGUARD CORP
Filing Date: 2025-05-29
Form: DEF 14A
Chunk 37
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 Compensation Committee.➣ Any stock of the Company owned by consultant.➣ Any business or personal relationship with an executive officer of the Company. | ➣ Consultant does not provide other services to the Company.➣ Fees received by consultant during FY 2023 are less than 1% of the consulting firm’s revenues for that year.➣ Consultant has implemented principles to ensure independence:➣ Does not provide unrelated services.➣ Does not trade in the stock of its clients.➣ There is no relationship with a member of the Compensation Committee.➣ Consultant owns no shares of the Company.➣ There is no relationship with an executive officer. |

We believe that, by ensuring the independence and objectivity of our compensation consultant, we provide an additional assurance that the consultant will not be influenced by improper motives, such as personal gain, that could compromise its ability to recommend a fair and transparent plan of compensation for Company executives. Consideration of “Say on Pay” Advisory Vote and Shareholder Input for Past Three Years At each of the last three Annual Meetings of Stockholders, we have held an advisory stockholder vote on executive compensation. At the meetings held in 2024, 2023, and 2022, approximately 93%, 91% and 83% (in a contested proxy), respectively, of the shares that voted approved our executive compensation described in the subject proxy statement. During that period, the Company’s compensation policies and practices have not changed markedly. Thus, both the Compensation Committee and the Company viewed these voting results as a strong indication that the Company’s stockholders support our compensation policies and practices. Further, the Company maintains a plan of regular outreach to, and interaction with, investors, potential investors and analysts through personal meetings, telephone conversations and attendance at investment conferences. In 2024, the Company had direct contact with over half of the active institutional investors in its common stock. Through these efforts, the Company continually elicited issues of concern from these stakeholders. Stockholders did not

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express concern with compensation but, rather, with strategic direction, nonrecurring charges, the benefit of transformation initiatives, capital allocation, working capital supply chain, market conditions, and operating expenses. Elements of 2024 and 2025 Compensation Salaries — With a decline in financial performance during 2023, salaries for the Company’s NEOs were not increased at the start of 2024. When the financial performance for the immediately preceding year is strong, the salaries