Company: BWNB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001104659-25-036850
Chunk: 23

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 23
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 authority to subcommittees consisting of one or more independent directors as the Compensation Committee deems appropriate. See the “Compensation Discussion and Analysis — Compensation Philosophy and Process” and “Compensation Discussion and Analysis — Key 2024 Compensation Decisions” sections of this proxy statement for information about our 2024 named executive officers (“NEOs”) compensation, including a discussion of the role of management and the compensation consultant. Compensation Committee Interlocks and Insider Participation No director who served as a member of the Compensation Committee during the year ended December 31, 2024 (Messrs. Howe, Moeller and Tato, and Ms. Stahl) (1) was during such year, or had previously been, an officer or employee of the Company or any of its subsidiaries, or (2) other than transactions in the ordinary course, had any material interest in a transaction of the Company or a business relationship with, or any indebtedness to, the Company. None of our executive officers have served as members of a compensation committee (or other board committee performing equivalent functions) or the board of directors of any other entity that has an executive officer serving as a member of the Board. *Pursuant to the five consecutive year term limit set forth in the charter of the Compensation Committee, Mr. Howe stepped down from his position on the Compensation Committee in May 2024. Mr. Tato was appointed to the Compensation Committee and assumed the Compensation Committee Chair position in May 2024 in connection with this transition. Also pursuant to the five consecutive-year term limit set forth in the charter of the Compensation Committee, Mr. Moeller and Ms. Stahl are expected to step down from their positions on the Compensation Committee in September 2025. Governance Committee: Mr. Howe (Chair)*, Mr. Moeller, and Mr. Tato The Governance Committee met four times during 2024. The primary responsibilities of the Governance Committee are to (1) identify individuals qualified to become Board members and recommend to the Board each year the director nominees for the next annual meeting of stockholders; (2) develop and recommend to the Board a set of corporate governance principles applicable to the Company; (3) oversee the annual evaluation of the Board and management, including the Chief Executive Officer in conjunction with our Compensation Committee; and (4) oversee the Company’s continuing education programs for the Board and the orientation program for new directors. The committee will consider individuals recommended by stockholders for nomination as directors in accordance with the procedures described under “Stockholders’ Prop