Company: HCKT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0000950170-25-043233
Chunk: 34

Company: HACKETT GROUP, INC.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 34
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 The Company consistently presents to its Compensation Committee for approval all year-end cash and equity bonus awards based on the previous year’s results at the first Compensation Committee meeting of the year. However, the timing of this approval may be changed in the event of extraordinary circumstances. Therefore, neither the Board nor the Compensation Committee take material non-public information into account when determining the timing of equity awards , nor do they time the disclosure of material non-public information for the purpose of impacting the value of executive or director compensation. The Company’s equity plan expressly prohibits the repricing of options and SARs.

Tax and Accounting Considerations and Compensation Deductibility Policy

In evaluating compensation program alternatives, the Compensation Committee considers, among other factors, the potential impact on the Company of Section 162 (m) of the Internal Revenue Code (“Section 162(m)”). Section 162(m) imposes a $1,000,000 per person limit on the annual tax deduction for compensation paid to the Company’s CEO, CFO, and certain other current and former executive officers.

The Compensation Committee, however, believes that it is important for it to retain maximum flexibility in designing compensation programs that are in the best interests of the Company and its stockholders, even if such approach results in certain amounts that may be payable in excess of $1,000,000 to not be deductible under Section 162(m). As a result, the Compensation Committee has approved and reserves the right to approve compensation that does not qualify for deductibility in circumstances it deems appropriate to promote varying corporate goals.

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Compensation Recovery

In 2024, the Company adopted a Compensation Recoupment Policy that complies with SEC and Nasdaq rules that require the recovery from its current or former covered officers of any erroneously awarded compensation in the three-year period prior to a restatement. A copy of the Company’s Incentive Compensation Recoupment Policy can be found on the Company’s website athttps://www.thehackettgroup.com/governance/.

InsiderTrading Policy

The Company hasadoptedan insider trading policy governing the trading in its securities by directors, executive officers and other employees that is designed to promote compliance with insider trading laws, rules and regulations and applicable Nasdaq standards, which is filed as an exhibit to its Annual Report on Form 10-K for the year ended December 27, 2024.

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SUMMARY COMPENSATION TABLE</div>

| Name and Principal Position |     | Year |