Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 17

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 17
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 shareholders, we engage weekly with other shareholders and prospective shareholders to explain our Company and to learn about issues which are important to them. In fiscal 2024, we estimate:

| ▪ | We conducted over 200 meetings in person, by phone or video conference with those holding a wide range of share positions |

| ▪ | We discuss issues which are important to shareholders, including |

| ▪ | Company performance |

| ▪ | Industry outlook |

| ▪ | Executive compensation |

| ▪ | Corporate governance |

| ▪ | The HEICO Culture and how we care for Team Members |

| ▪ | Climate change |

| ▪ | Shareholders expressed overwhelming satisfaction with the Company’s success, its management and Board |

| 11 |

TABLE OF CONTENTS

SHAREHOLDER ENGAGEMENT ON SAY-ON-PAY We conducted extensive shareholder outreach concerning executive compensation in connection with and following our 2024 Annual Meeting of Shareholders. Several of these discussions included the Compensation Committee's Chairman. Collectively, these shareholders represented ownership in excess of 50% of our outstanding shares. The feedback varied and some shareholders held views contrary to other shareholders, but the most commonly raised items were:

| ▪ | The desire that at least some stock options vest according to the Company’s performance and not just on time passage; |

| ▪ | The desire that supplemental contributions to the HEICO Leadership Compensation Plan be based on the Company’s performance and not just the actuarial analysis and recommendations of our compensation consultants; |

| ▪ | The number of stock options issued to certain Named Executive Officers in fiscal 2023; and |

| ▪ | The desire that additional information about bonus targets be provided. |

Based on these discussions, the Compensation Committee determined that both future stock option grants and HEICO Leadership Compensation Plan awards would be performance-based and not merely time-based. Further, the Compensation Committee refrained from issuing stock options in fiscal 2024. These items are discussed in more detail in the Compensation Discussion and Analysis starting on page 24. Finally, the Compensation Committee adopted the share ownership guidelines describe on page 31.

| SOME NEW COMPENSATION PRACTICES YOU’LL SEE IN FUTURE PROXY STATEMENTS |

The Compensation Committee has approved these practices going forward:

| ▪ | Stock options will be tied to company performance |

| ▪ | HEICO Leadership Compensation Plan awards will be tied to company performance |

| ▪ | Newly-enhanced bonus calculation disclosure to appear in proxy statements |

| ENVIRONMENTAL,