Company: HCKT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0000950170-25-043233
Chunk: 68

Company: HACKETT GROUP, INC.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 68
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ed (Non-GAAP) Results” for a reconciliation of adjusted results, including adjusted diluted earnings per share, to reported GAAP results for 2024. The non-equity (cash) and equity bonus incentive opportunities for the Company's named executive officers at the Commence, Goal and Superior target levels for 2024, as a percentage of base salary, are seen below:

| Name              | Principal Position                                | Non-Equity (Cash) Incentives |      |          | Equity Incentives(1) |      |          |
|                   |                                                   | Commence                     | Goal | Superior | Commence             | Goal | Superior |
| Ted A. Fernandez  | Chairman, Chief Executive Officer                 | 0%                           | 120% | 210%     | 0%                   | 204% | 300%     |
| David N. Dungan   | Vice Chairman, Chief Operating Officer            | 0%                           | 96%  | 168%     | 0%                   | 153% | 225%     |
| Robert A. Ramirez | Executive Vice President, Chief Financial Officer | 0%                           | 60%  | 90%      | 0%                   | 60%  | 90%      |

(1) Does not include the equity incentive opportunity associated with the annual contract value (“ACV”) compensation program discussed below or the Stock Price Awards program.

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ACV growth is an important part of the Company’s overall strategy. The Company has and continues to make significant investments designed to grow ACV. Given Messrs. Fernandez and Dungan’s heavy personal involvement in the execution of the Company’s ACV growth strategy, the Compensation Committee decided to once again include a component that would reward Messrs. Fernandez and Dungan for 2024 ACV growth based on an established performance target to appropriately align their compensation opportunities with the Company’s current ACV growth objectives. The award under this new ACV growth program would start to be earned if the Company achieved a minimum “Commence” target of 5% ACV growth and would be fully earned if the Company met or exceeded a 15% ACV “Goal” growth rate. There were no targets or incentive opportunities above “Goal” for this program. For 2024, the Company ACV growth rate was between the Commence and Goal targets contained in the ACV program resulting in RSU grants to Mr. Fernandez and Mr