AI English summary of an SEC filing — figures as filed

The company said it set target annual incentive bonuses for 2024 at 150% of base salary for Marc D. Miller and 100% each for Steve G. Filton, Edward H. Sim and Matthew J. Peterson.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Mar 25, 2024Period of report Mar 21, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

The company said it set target annual incentive bonuses for 2024 at 150% of base salary for Marc D. Miller and 100% each for Steve G. Filton, Edward H. Sim and Matthew J. Peterson.
The company said Marc D. Miller and Steve G. Filton will receive 0% to 200% of their target bonus entirely based on adjusted diluted earnings per share and return on capital targets, while Edward H. Sim and Matthew J. Peterson will receive 25% of theirs on that basis.
The company said its Compensation Committee approved a discretionary cash bonus of $1.04 million for Alan B. Miller, Executive Chairman of the Board, for the year ended December 31, 2023, and that it will be paid.
The company said on March 21, 2024 the Compensation Committee granted Marc D. Miller 22,755 time-based RSUs and 28,446 performance-based RSUs, and that the grant-date closing price of the time-based RSUs was $180.77 per share.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2024 Annual Incentive Target Percentages

The company said it set target annual incentive bonuses for 2024 at 150% of base salary for Marc D. Miller and 100% each for Steve G. Filton, Edward H. Sim and Matthew J. Peterson.

Source · Based on the filing body and exhibits

Bonus Payout Range and Calculation Basis

The company said Marc D. Miller and Steve G. Filton will receive 0% to 200% of their target bonus entirely based on adjusted diluted earnings per share and return on capital targets, while Edward H. Sim and Matthew J. Peterson will receive 25% of theirs on that basis.

Source · Based on the filing body and exhibits

Alan B. Miller Discretionary Cash Bonus

The company said its Compensation Committee approved a discretionary cash bonus of $1.04 million for Alan B. Miller, Executive Chairman of the Board, for the year ended December 31, 2023, and that it will be paid.

Source · Based on the filing body and exhibits

2024 RSU Grant Details

The company said on March 21, 2024 the Compensation Committee granted Marc D. Miller 22,755 time-based RSUs and 28,446 performance-based RSUs, and that the grant-date closing price of the time-based RSUs was $180.77 per share.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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