Company: CRAI
Filing Date: 2025-07-22
Form Type: 8-K
Source: 0001104659-25-069644
Chunk: 1

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-07-22
Form: 8-K
Item: Item 5.02
Chunk 1
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, 2025.
He will also be eligible for a target cash bonus for the Company’s fiscal year ended January 3, 2026 (“fiscal 2025”)
of $250,000 with a maximum payout of $425,000 allocated between 50% corporate performance related to the Company and 50% based on individual
performance objectives. Dr. Nierenberg is also eligible for an award under the Company’s long-term incentive plan with a target
value of $325,000. In connection with his promotion, the Compensation Committee of the Board has granted Dr. Nierenberg an equity
award of restricted stock units under the Company’s Amended and Restated 2006 Equity Incentive Plan in the amount of $130,000, subject
to vesting in four equal annual installments as follows: 25% on the first anniversary of the grant date; 25% on the second anniversary
of the grant date; 25% on the third anniversary of the grant date; and 25% on the fourth anniversary of the grant date, provided that
he remains employed by the Company on each such vesting date. In addition, the Compensation Committee of the Board has granted Dr. Nierenberg
performance-based restricted stock units under the Company’s Amended and Restated 2006 Equity Incentive Plan with a target value
of $195,000 (and a maximum value of $292,500), with the number of units determined based on performance goals during the period from December 29,
2024 through January 2, 2027, and 50% of the determined award amount vesting immediately upon the Compensation Committee of the Board’s
determination of performance achievement, 25% vesting on the third anniversary of the grant date and 25% vesting on the fourth anniversary
of the grant date, provided that he remains employed by the Company on each such vesting date.

Mr. Langan,
age 45, has served as Vice President in the Company’s Competition and Labor & Employment group since March 2019. He
previously served as a Manager in the Company’s Financial Planning & Analysis group, and in a number of roles supporting
the Company’s senior management team. Mr. Langan joined the Company in 2002 as a consultant in the Antitrust & Competition
Economics Practice. He has a BA in Economics and an MBA from Boston College.

In
connection with his promotion, Mr. Langan will receive an annual