Company: JOUT
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001140361-25-000715
Chunk: 33

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 33
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 focus, the manufacturing of engineered products, and global operations. Components of Executive Compensation Set forth below is a detailed discussion of the compensation elements impacting fiscal 2024. Base Salary . Base salary is a key component of executive compensation. In determining base salaries, the Compensation Committee considers the NEOs qualifications and experience, responsibilities, past performance and goals and objectives, together with salary levels for comparable positions at peer group companies and other similarly sized companies nationally, as covered in the above-referenced Pearl Meyer comparative report. Base salaries of the NEOs are reviewed annually by the Compensation Committee to determine whether any adjustments are necessary. Base salary levels for our NEOs are generally positioned to be competitive with market, as described above.

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TABLE OF CONTENTS

| EXECUTIVE COMPENSATION |

Annual Cash Incentives . The NEOs and other officers and senior managers determined by the Compensation Committee are eligible to receive annual cash incentives under the Cash Bonus Plan. While the Company principally relies on this Cash Bonus Plan for annual cash incentives, the Compensation Committee, on rare occasions, may decide to grant discretionary cash bonuses outside of this Plan based on special circumstances. The purpose of the Cash Bonus Plan is to drive continuous improvement year over year, enhance shareholder value and provide a framework for determining cash incentive compensation for our NEOs that financially rewards them for achieving various short-term Company and individual performance objectives. As such, the Cash Bonus Plan is generally comprised of the following two components:

| • | Pre-determined Company financial performance goals (“Company financial component”).The Company financial component promotes achieving Company-wide financial goals. For fiscal 2024, we used a target level of pre-tax income and achieving a specified level of working capital as a percentage of net sales as the Company-wide financial component. The Compensation Committee’s purpose in using performance measures for the Cash Bonus Plan is to support the attainment of increased shareholder returns while being able to respond to changes both in our business and the overall economic environment each fiscal year. For fiscal 2024, the Company financial component constituted 85% of the NEO’s total bonus opportunity under the Cash Bonus Plan. As a condition of payment of any bonus under the Company financial component, the Company must achieve a minimum level of pre-tax income for a given fiscal year as determined by the Compensation Committee. |

| • | Individual pre-established objectives for a participant (the “individual objectives component”).The individual objectives component is typically tied to financial performance measures that the participant can best impact, including profitability, working capital levels, sales growth, operational efficiency