Company: JOUT
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001140361-25-000715
Chunk: 35

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 35
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 Johnson-Leipold and for Mr. Johnson due to the minimum financial metrics not being satisfied. Accordingly, for fiscal 2024, the Compensation Committee did not pay any annual incentive bonuses to the NEOs under the Cash Bonus Plan:

|                          |     |   2024 Target Bonus 
 - Company Financial 
           Component |     |        |     |       2024 Target Bonus 
 - Individual Objectives 
               Component |     |        |
| Name                     |     |              Target |     | Payout |     |                  Target |     | Payout |
| Helen P. Johnson-Leipold |     |            $683,847 |     |     $0 |     |                $120,679 |     |     $0 |
| David W. Johnson         |     |            $231,034 |     |     $0 |     |                 $40,771 |     |     $0 |

Based upon Pearl Meyer’s report prepared during fiscal 2024 as described above, the Compensation Committee approved certain changes to the plan design and metrics for the Cash Bonus Plan to be applied beginning with fiscal 2025. The Compensation Committee determined to continue to have target awards split between an individual objectives component and a Company financial component but approved increasing the portion of such target award to the individual objectives component from 15% of total bonus opportunity to 25% of the total bonus opportunity. Accordingly the Compensation Committee approved reducing the portion of the total bonus opportunity for the Company financial objectives component from 85% of the total to 75% of the total bonus opportunity for fiscal 2025. Additionally, with respect to the Company financial component for fiscal 2025, the Compensation Committee determined to:

| (1) | continue to use both a target level of pre-tax income and a specified level of working capital as a percentage of net sales; |

| (2) | set the payment or funding amount at 25% of the target bonus amount for financial performance at the minimum performance level; |

| (3) | set the payment or funding amount at 200% of the target bonus amount at the maximum financial performance level; |

| (4) | waive application of achieving the minimal financial metrics during fiscal 2025 for threshold to at target payouts, while reinstituting such minimal financial metrics for payouts above target; |

| (5) | exclude e-commerce/digital investments from the pre-tax income calculation for fiscal 2025; and |

| (6) | include a minimum level of pre-tax income as