Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 33

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 33
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 have tax gross-ups.

• No Grant Timing . The Compensation Committee did not take material nonpublic information into account when determining the timing and terms of equity awards in 2024, and ABM does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.

ABM Industries Incorporated 2025 Proxy Statement21

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No Hedging or Pledging. We prohibit hedging and pledging of Company stock.

Stock Ownership Guidelines and Retention Requirements. We require significant stock ownership and retention by our executive officers.

Limited Perquisites. Our executive officers receive limited perquisites.

No Unearned Dividends or Dividend Equivalents. Our executive officers receive dividend equivalents on equity awards only to the extent that the awards are earned.

Fiscal 2024 Overview Impact on Executive Compensation

In fiscal year 2024, the Board and management team focused on ensuring the Company was well-positioned and appropriately resourced to build on its strengths and capture growth opportunities across our business segments.

| 2024 Company Performance      | •Grew total revenue 3.2% to $8.4 billion, comprised of organic growth of 2.9% and the remainder from acquisitions. Organic growth was led by Technical Solutions and Aviation, both of which grew double-digits. Education and  Manufacturing & Distribution also grew solidly. Business & Industry’s revenue declined slightly, largely reflecting soft commercial real estate markets. 
 •Posted net income of $81.4 million, adjusted EBITDA of $498.1 million(1)and a full-year adjusted EBITDA margin of 6.2%(1). These solid results were aided by price increases and cost controls, which helped to mitigate the impact of inflationary pressures.                                                                                                                          
 •Returned $56.5 million in dividends to stockholders, marking 57 consecutive years of raising our annual dividend.                                                                                                                                                                                                                                                                       |
| Pay Governance and Philosophy | •Provide compensation plans with a significant portion of the total pay at-risk in short- and long-term incentives and a greater emphasis on the long-term plans, and payouts based on achievements of financial and non-financial objectives.                                                                                                                                           
 •Maintain policies that promote good governance and serve the interests of our stockholders, including policies on anti-pledging, anti-hedging, insider trading, stock ownership guidelines for executives and clawbacks.                                                                                                                                                                
 •Follow best practices such as maximum caps on our short- and long-term incentive plans, a combination of relative and