Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 20

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 20
---
 balance of views and insights. To this end, the Board has added two new independent directors in 2024. We are also committed to providing transparency about our Board and committee evaluation process. The chair of the Nominating and Corporate Governance Committee leads the Board’s self-evaluation process. Each director is asked to complete a comprehensive questionnaire evaluating the performance of the Board as a whole and the committees on which the director serves. The questions also address the director’s own performance, and the performance of each of the director’s peers on the Board. The directors’ responses are aggregated and can be anonymized to encourage the directors to respond candidly and to maintain the confidentiality of their responses, if they so choose. The chair summarizes the directors’ responses about the performance of the Board as a whole and the committees and shares her findings with the Board. The annual evaluation process provides the Board with valuable insight regarding areas where the Board believes it functions effectively and, more importantly, areas where the Board believes it can improve. For example, input generated by Board members in recent years has focused, among other things, on the composition of our Board, which has encouraged and informed our recent Board refreshment efforts. Since 2018, we have added nine highly qualified independent directors, including three women and one ethnically and racially diverse director, to the Board. In addition, the Board has a mandatory retirement age of seventy-five (75) years of age. However, a director elected to the Board prior to age seventy-five (75) may continue to serve on the Board for such director’s remaining term, but shall not be re-nominated for election at the end of such Director’s term, unless waived by the Board.

TABLE OF CONTENTS 17 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

TABLE OF CONTENTS 18 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

Nominees for Election of Class III Directors The Board has nominated the following directors for re-election as Class III directors for three-year terms expiring at the Annual Meeting of Shareholders in 2028:

| ​ | ​                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | ​ | ​ | Tracey H. Cook | ​ |
| ​ |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | ​ | ​ | Age: 57        | ​ |
| ​ | Tracey H. Cook is a Senior Vice President of Fluor Corporation leading strategic talent planning across all Business Segments. Prior to this role in Human Resources, she served