The company said its Compensation Committee adopted the 2025 Executive Officer Performance Excellence Program on February 18, 2025. Performance award opportunities are weighted 80% to EBITDA targets and 20% to quality metric targets.

1. 01

   The company said its Compensation Committee adopted the 2025 Executive Officer Performance Excellence Program on February 18, 2025. Performance award opportunities are weighted 80% to EBITDA targets and 20% to quality metric targets.

2. 02

   The company set target Executive Officer PEP award opportunities for 2025 at 175% of base salary for Samuel N. Hazen, Chief Executive Officer, and 125% each for Michael A. Marks, Executive Vice President and Chief Financial Officer, and Jon M. Foster, Executive Vice President and Chief Operating Officer.

3. 03

   The company said the EBITDA portion pays 100% of the target award at target performance, 25% at the minimum (threshold) level, and up to 200% at maximum performance. It said the quality portion receives no payment if actual EBITDA is below 90% of target EBITDA.

4. 04

   The company said Meg G. Crofton informed it on February 19, 2025 that she would not stand for re-election. She will retire from the Board of Directors effective at the annual meeting of stockholders on April 24, 2025.

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Original filing

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