Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 57

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 57
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 defense, and other industrial companies ("peers") with whom Mercury competes for business, executive talent or investor capital.

On an annual basis, the Company selects a group of peer companies for use in benchmarking target pay levels and practices towards the end of each fiscal year and in making pay decisions for the following fiscal year. For fiscal 2025, peer companies were selected using a scorecard approach that took relevant factors into account for each potential peer

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considered, including comparable industry and financial demographics; representation in defense and aerospace stock indices; use as a Mercury comparator by one of Mercury's stock analysts or by nationally-recognized proxy advisors; use of Mercury by the potential peer as one of its own peers for executive pay benchmarking; and prior inclusion by Mercury as a component in its compensation peer group used for making pay decisions for fiscal 2024.

The table below shows the composition of our peer group that was established by the Committee in January 2024 for use in benchmarking target pay levels and practices to support pay decisions for fiscal 2025.

| Compensation Peer Group for Fiscal 2025 |     |                                           |     |                           |
| 3D Systems Corporation                  |     | FormFactor, Inc.                          |     | Novanta Inc.              |
| AeroVironment, Inc.                     |     | Infinera Corporation                      |     | Onto Innovation Inc.      |
| Axcelis Technologies, Inc.              |     | iRobot Corporation                        |     | OSI Systems, Inc.         |
| Belden Inc.                             |     | Kaman Corporation                         |     | RBC Bearings Incorporated |
| BWX Technologies, Inc.                  |     | Kratos Defense & Security Solutions, Inc. |     | Rogers Corporation        |
| Curtiss-Wright Corporation              |     | Leonardo DRS, Inc.                        |     | Viasat, Inc.              |
| Diodes Incorporated                     |     | MACOM Technology Solutions Holdings, Inc. |     |                           |

The Committee subsequently met in January 2025 to consider whether, referencing relevant factors and changes in financial demographics for both Mercury and its current or potential peers since January 2024, any changes should be made to the peer group to support its suitability for use in connection with target pay decisions for fiscal 2026. As compared to the peer group used to set target pay for fiscal 2025, the Committee determined to remove Kaman (no longer a standalone publicly traded company following its