Company: CRAI
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039429
Chunk: 34

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 34
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 or approximately 2.0% above the adjusted performance target for fiscal 2024 of $675.9 million. The compensation committee adjusted the consolidated non-GAAP net revenue target to take into account the $0.6 million impact of foreign currency adjustments during the period. Accordingly, the amount payable under the payment formula for the net revenue component of our executive officers’ fiscal 2024 annual incentive cash bonuses was the target payment increased by approximately 2.0% of the target payment. • Component linked to Performance Compensation EBITDA. Our fiscal 2024 Performance Compensation EBITDA (7) was approximately $131.9 million, or approximately 5.2% above the adjusted performance target for fiscal 2024 of $125.4 million. The compensation committee adjusted the Performance Compensation EBIDA target to take into account the $0.3 million impact of foreign currency adjustments during the period. Accordingly, the amount payable under the payment formula for the earnings component of our executive officers’ fiscal 2024 annual incentive cash bonuses was the target payment increased by approximately 5.2% of the target payment. • Component linked to individual subjective performance goals. Based on the subjective individual performance goal weighted-average scores for each of our executive officers, the amounts payable under the payment formula for the subjective individual performance goal component of our executive officers’ fiscal 2024 annual incentive cash bonuses were equal to the following percentages of their respective target amounts: for Mr. Maleh, 108%; for Mr. Mahoney, 108%; for Mr. Holmes, 107.5%; and for Mr. Yellin, 110%. (6) See footnote 5 for the determination of non-GAAP net revenue. (7) See footnote 5 for the determination of Performance Compensation EBITDA. 26 TABLE OF CONTENTS • Determination of amount paid. After calculating the total amount payable to each of our executive officers under the payment formulas for their fiscal 2024 annual incentive cash bonuses, our chief executive officer recommended that these amounts be paid. Long-term incentive program As noted above, we believe that the equity and cash awards granted under our long-term incentive program, or “LTIP,” are the foundation of our overall pay-for-performance compensation program for our senior corporate leaders, practice leaders and other key revenue generators. The LTIP generally serves as a framework for equity awards granted under our amended and restated 2006 equity incentive plan and cash awards, other than the annual incentive cash bonuses granted to our executive officers, granted under