Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 5

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 5
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 materials, the Proxy Statement and Annual Report for calendar year 2024 are available to you at https://ir.astecindustries.com/overview/default.aspx. MATTERS TO BE CONSIDERED AT THE ANNUAL MEETING At the Annual Meeting, you will consider and vote upon: ● Proposal 1: The re-election of the three director nominees identified in this Proxy Statement; ● Proposal 2: The approval, on a non-binding, advisory basis, of the compensation of our named executive officers; ● Proposal 3: The ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the calendar year 2025; ● Proposal 4: The approval of the Astec Industries, Inc. 2025 Equity Incentive Plan; and ● The transaction of any other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. TABLE OF CONTENTS 4 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 QUESTIONS AND ANSWERS
ABOUT THE PROXY
MATERIALS AND THE
ANNUAL MEETING What is a proxy? The Board is asking for your proxy. This means you authorize persons selected by the Company to vote your shares at the Annual Meeting in the way that you instruct. All shares represented by valid proxies received and not revoked before the Annual Meeting will be voted at the Annual Meeting in accordance with the shareholder’s specific voting instructions. Why am I receiving these materials? You are receiving these materials because at the close of business on February 27, 2025, you owned shares of the Company’s common stock, $0.20 par value per share (“Common Stock”). Who is entitled to vote at the Annual Meeting? All shareholders of record on February 27, 2025 are entitled to attend and vote at the Annual Meeting. Each share of our Common Stock is entitled to one vote on each matter presented for a vote at the Annual Meeting. As of February 27, 2025, we had 22,803,976 shares of Common Stock outstanding. What if I receive more than one Notice of Internet Availability or proxy card? You will receive multiple Notices or proxy cards if you hold shares in different ways (e.g., joint tenancy, trusts, custodial accounts, etc.) or in multiple accounts. Street name holders will receive the Notice or proxy card or other voting information, along with voting instructions, from their brokers. Please vote the shares represented by each