Board Justification

Our executive compensation program reflects a strong tie of pay to performance in order to link the interests of executive officers to the interests of shareholders and promote the creation of long-term shareholder value. The goal of our executive compensation program is to attract, motivate, reward, and retain the management talent required to achieve our business objectives, at compensation levels that are fair, equitable and competitive with those of comparable companies.

Board Justification

Annual cash incentive payments under the Annual Incentive Plan are paid based on the Company’s achievements against pre-established performance metrics as set by the Committee. The annual cash incentive awards to our named executive officers (except for Mr. O’Keefe) in fiscal year 2025 were based 50% on the generation of adjusted economic profit, a metric very similar to economic value added, and 50% on the generation of adjusted earnings per share.

Board Justification

Includes change in pension value and non-qualified deferred compensation earnings of $219,667 and all other compensation of $26,306

Board Justification

Amounts represent the number of shares of Common Stock underlying stock awards that vested in fiscal year 2025. The amounts in Column (b) represent the vesting of restricted stock awards that were granted in fiscal years 2019 and 2021 and the vesting of performance share units that were granted in fiscal year 2022.