Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 45

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 45
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 the Committee’s independent consultant. In recommending changes to the CEO’s base salary to the full Board for approval, the Compensation Committee considers its own observations and assessments with respect to individual performance, feedback from the full Board, the CEO’s leadership of the Company and market data provided by its consultant.

After considering these factors, and discussing proposed salaries for the other named executive officers with the CEO, the Compensation Committee approved annual salaries for the named executive officers (with the indicated percentage increases), effective April 1, 2024 (or as of a later date in 2024, as indicated):

| ​ | Executive Officer | ​ | ​ | Base Salary    
 as of 12/31/23 |   |         |   | ​ | ​ | Percentage 
 Change     |   |       |   | ​ | ​ | Base Salary       
 as of 12/31/24(1) |   |         |   | ​ |
|:--|:------------------|:--|:--|:---------------|:--|--------:|:--|:--|:--|:-----------|:--|:------|:--|:--|:--|:------------------|:--|--------:|:--|:--|
| ​ | Mr. van der Merwe | ​ | ​ | ​              | $ | 725,000 | ​ | ​ | ​ | ​          | ​ | 10.3% | ​ | ​ | ​ | ​                 | $ | 800,000 | ​ | ​ |
| ​ | Ms. Weyenberg(5)  | ​ | ​ | ​              | $ | 492,800 | ​ | ​ | ​ | ​          | ​ | —     | ​ | ​ | ​ | ​                 | ​ |       — | ​ | ​ |
| ​ | Mr. Jonker(2)     | ​ | ​ | ​              | $ | 250,000 | ​ | ​ | ​ | ​          | ​ | 10.0% | ​ | ​ | ​ | ​                 | $ | 275,000 | ​ | ​ |
| ​ | Mr. Norris        | ​ | ​ | ​              | $ | 415,000 | ​ | ​ | ​ | ​          | ​ | 2.9%  | ​ | ​ | ​ | ​                 | $ | 427,000 | ​ | ​ |
| ​ | Mr. Snyman        | ​ | ​ | ​