Company: LEU
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039220
Chunk: 36

Company: CENTRUS ENERGY CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 36
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 employment within a specified period of the change in control to receive benefits. Although these agreements provide for automatic renewal to protect employees, the Company retains the ability to terminate the agreements prior to a change in control with sufficient notice. • We do not provide excise tax gross ups to our executives. • We have a strong risk management program with specific responsibilities assigned to the Board and its committees, with the goal of avoiding excessive risk in our compensation programs. In 2024, the Board formed the Cyber Risk Committee to oversee risks as they relate to cybersecurity policies, procedures and plans and their effectiveness. Overview of 2024 Performance In 2024, the Company continued to strengthen its balance sheet and improve its financial performance and made significant progress across all fronts and continued our efforts to restore America’s ability to enrich uranium to meet the nation’s energy and national security needs. 26 TABLE OF CONTENTS Highlights of our strong financial and commercial performance are set forth below. We believe our efforts have significantly benefited our stockholders. 2024 Financial Highlights: • Achieved $442 million in revenue in 2024 with net income of $73.2 million • Unrestricted cash balance of $671 million as of December 31, 2024 including the issuance of $402.5 million of convertible senior notes • Recognized gross profit of $111.5 million in 2024 2024 Commercial Highlights: • Won DOE contract awards for High Assay Low-Enriched Uranium (“HALEU”), Low-Enriched Uranium (“LEU”), and HALEU Deconversion • Continued to successfully enrich HALEU under our HALEU Operations Contract with the DOE and delivered 545 Kg of HALEU to DOE • Signed long-term contingent LEU sales commitments and grew our Company backlog to $3.7 billion through 2040 • De-levered our balance sheet through strategic initiatives associated with our pension plans • Continued strong share price performance in 2024 We are closely monitoring the impacts the war in Ukraine, and reactions the international community including the U.S., Russia and European countries, may have on the Company and the nuclear industry. Together with others in the nuclear industry, we are working to mitigate the potential impacts on the Company. Please see Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K and our other SEC filings for additional information. Effect of 2024 Performance on NEO Compensation Our executive compensation program consists of base salary as well as annual incentives with specific corporate goals and long