Company: AMTX
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010522
Chunk: 26

Company: AEMETIS, INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 26
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 compensation amounts are determined.

Base Salary-Our Named Executive Officers’ annual base salaries are described below for each officer. Salaries are based on several factors, including qualifications, experience, role within the Company, Company financial condition, and prior salary level, as well as input from third-party compensation consultants related to executives at similar public companies. The GCN Committee periodically reviews and sets executive officer base salaries. Our Named Executive Officers had the same salaries in 2024 as in 2023 and received salary increases at the beginning of 2025 to the levels shown in the following table:

| Name               |     | Position                                                           |     | Salary |         |
|:-------------------|:----|:-------------------------------------------------------------------|:----|:-------|--------:|
| Eric A. McAfee     |     | Chair of the Board and Chief Executive Officer                     |     | $      | 500,000 |
| Todd A. Waltz      |     | Executive Vice President and Chief Financial Officer               |     | $      | 430,000 |
| Andrew B. Foster   |     | Executive Vice President and Chief Operating Officer               |     | $      | 400,000 |
| Sanjeev Gupta      |     | Executive Vice President, Aemetis International                    |     | $      | 400,000 |
| J. Michael Rockett |     | Executive Vice President, General Counsel, and Corporate Secretary |     | $      | 400,000 |

Annual Cash Bonuses-Historically, we have used annual cash bonuses to motivate our Named Executive Officers to achieve our annual objectives while making progress towards our longer-term growth and other goals. Each of our Named Executive Officers is entitled to be considered for an annual cash bonus under their employment contract with the amount determined by the Governance, Compensation and Nominating Committee. Given Company performance, the Committee exercised its discretion to provide larger annual cash bonuses in October 2023 compared to the amounts paid in prior years, but then did not award cash bonuses to our Named Executive Officers again until January 2025 (see the Summary Compensation Table below and associated footnotes for details).

Long-Term Equity Incentive Compensation-In 2019, we adopted the Aemetis, Inc. 2019 Stock Plan, which was subsequently amended most recently in 2021 (collectively, the "2019 Stock Plan"). The adoption of the plan and each amendment were approved by our stockholders. The 2019 Stock Plan facilitates the grant of equity incentives to our directors,