MERCER INTERNATIONAL INC
For the period ended May 31, 2024. Filed Apr 19, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 31, 2024 · Filed Apr 19, 2024
Contents
Summary
We believe that our executive compensation program has been appropriately designed to achieve our compensation objectives and does not create risks that are reasonably likely to have a material adverse effect on us.
Our executive compensation program is competitive, performance driven, consistent with Shareholder interests and fair and reasonable overall. We believe that our compensation levels fairly reflect our operating and financial performance and are appropriate relative to peer companies.
Some of the compensation practices we employ to achieve our objectives include:
| What We Do | What We Don't Do |
|---|---|
| •Pay for performance philosophy with a large majority of pay at risk•Utilize performance-based equity awards with vesting requirements determined and judged by our Human Resources Committee•Manage Share usage conservatively•Conduct annual "say-on-pay" advisory votes•Maintain a clawback policy that covers cash and equity and that is beyond what is required by the Sarbanes-Oxley Act of 2002•Assess risks to our compensation policies and practices•Maintain a stock ownership policy for our directors and NEOs•Independent Executive Compensation Consultant•Annually review the Human Resources Committee's charter | •Do not have single-trigger change-in-control executive contracts•Do not provide significant perquisites •Do not provide "defined benefit" retirement plans for our executives•Do not provide supplemental executive retirement plans for our executives •Do not provide excise tax gross-ups of perquisites, other than with respect to certain housing allowances•Do not re-price stock options without Shareholder approval; no grants below fair market value•Do not pay dividends on unvested long-term equity incentives to our executives•Do not allow executives to engage in hedging, short sales or derivative transactions with respect to our stock |
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