MOHAWK INDUSTRIES INC
For the period ended May 22, 2025. Filed Apr 4, 2025.
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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 22, 2025 · Filed Apr 4, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐
Preliminary Proxy Statement
☐
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒
Definitive Proxy Statement
☐
Definitive Additional Materials
☐
Soliciting Material under §240.14a-12
MOHAWK INDUSTRIES, INC.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
☒
No fee required.
☐
Fee paid previously with preliminary materials.
☐
Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11.
| | The Global Flooring Leader Mohawk Industries (NYSE: MHK) is the world’s largest flooring company, delivering style and performance for residential and commercial spaces around the globe. Mohawk offers a comprehensive array of hard and soft surface products for every application. | | | |
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| | | | Global Ceramic | | | | | | Flooring — North America | | | | | | Flooring — Rest of the World | | ||
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| | One of the largest manufacturers of ceramic tile and natural stone products in the world. • Primary Brands: Daltile®, American Olean®, Marazzi®, Ragno®, Kai®, Emilgroup®, Grupo Daltile®, Vitromex®, Arko®, Eliane®, DecorTiles®, Elizabeth® and Kerama Marazzi® | | | | One of the largest suppliers of premium carpet, carpet tile, rugs, laminate, luxury vinyl tile, sheet vinyl and wood flooring in North America. • Primary Brands: Mohawk®, Karastan®, Godfrey Hirst®, Quick-Step®, Pergo®, Mohawk Group®, Durkan®, Aladdin Commercial®, Mohawk Home®, and Foss® | | | | One of the largest suppliers outside of North America of premium laminate, sheet vinyl, carpet, wood and luxury vinyl tile flooring. European product line also includes roofing systems, insulation products, mezzanine flooring and panels for construction, cabinet and furniture markets. • Primary Brands: Quick-Step®, Pergo®, Moduleo®, Leoline®, Lentex®, Unilin Insulation®, Unilin Panels®, Godfrey Hirst®, GH Commercial®, Feltex® and Redbook® | | ||||||||
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| | $10.8B | | | | $1.4B | | | | $680M | | | | 1.1x | |
| | 2024 WORLDWIDE SALES | | | | 2024 ADJUSTED EBITDA(1) | | | | 2024 FREE CASH FLOW(1) | | | | NET DEBT TO ADJUSTED EBITDA RATIO(1)(2) | |
| · · · · · · · · · · | ||||||||||||||
| | ~180 | | | | 19 | | | | 32 | | | | ~41,900 | |
| | COUNTRIES — SALES(2) | | | | COUNTRIES — MANUFACTURING(2) | | | | ACQUISITIONS SINCE 2013(2) | | | | EMPLOYEES WORLDWIDE(2) | |
(1)
See Annex A for reconciliation of Non-GAAP financial measures
(2)
As of December 31, 2024
| | Our Vision | | | | At Mohawk, we translate superior design, innovation, customer support and sustainable solutions into superior performance. | |
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| | Newsweek America’s Greatest Workplaces for Diversity | | | Newsweek America’s Greatest Workplaces for Women | | | USA Today America’s Climate Leaders | | | Green Builder Media 2024 Eco-Leaders | | | City of Hope Spirit of Life Award | |
To the Stockholders of
Mohawk Industries, Inc.:
You are cordially invited to attend the annual meeting of stockholders to be held on Thursday, May 22, 2025, at 10:00 a.m. local time, at the Company’s offices at 160 South Industrial Boulevard, Calhoun, Georgia 30701.
The business of the meeting will be:
(i)
to elect a class of directors to serve a three-year term beginning in 2025,
(ii)
to vote upon a non-binding resolution to ratify the selection of KPMG LLP as the Company’s independent registered public accounting firm, and
(iii)
to vote upon a non-binding, advisory resolution to approve executive compensation.
There will not otherwise be a business review at the meeting.
We are pleased to take advantage of the Securities and Exchange Commission rules that allow the Company to furnish proxy materials to stockholders on the internet. These rules allow us to provide our stockholders with the information they need, while reducing the environmental impact of our Annual Meeting and lowering costs. Unless you previously requested a paper copy of our proxy materials, you will receive a Notice of Internet Availability of Proxy Materials, which tells you how to access the materials on the internet. If you have requested paper copies and no longer wish to receive them, contact Broadridge Financial Solutions, Inc. (“Broadridge”) to request that only the Notice of Internet Availability of Proxy Materials be mailed in the future. Contact Broadridge by phone at (800) 579-1639 or by mail at 51 Mercedes Way, Edgewood, New York 11717.
Whether or not you plan to attend the annual meeting, please vote by internet at your earliest convenience or complete and return your proxy card if you requested a paper copy of our materials. You may choose to attend the meeting and personally cast your votes even if you fill out and return a proxy card.
Sincerely yours,
JEFFREY S. LORBERBAUM
Chairman and Chief Executive Officer
Calhoun, Georgia
| | | | Mohawk Industries 160 South Industrial Boulevard Calhoun, Georgia 30701 (706) 629-7721 mohawkind.com | |
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Notice of Annual Meeting of Stockholders
to Be Held on May 22, 2025
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| | Date | | | Location | | | Record Date | |
| | Thursday, May 22, 2025 10:00 a.m., local time | | | Mohawk Industries Headquarters 160 South Industrial Boulevard Calhoun, Georgia 30701 | | | The Board of Directors has set March 27, 2025 as the record date for the determination of stockholders entitled to notice of and to vote at the meeting | |
| · Items of Business · | |||||
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| | 1 | | | To elect three persons who will serve as the Company’s Class III directors for a three-year term beginning in 2025; | |
| | 2 | | | To ratify the selection of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025; | |
| | 3 | | | To hold a non-binding, advisory vote to approve the compensation of the Company’s named executive officers,as disclosed and discussed in the compensation discussion and analysis, compensation tables and any related material disclosed in this proxy statement; and | |
| | 4 | | | To consider and act upon such other business as may properly come before the meeting or any adjournments or postponements thereof. | |
| | Please use Internet voting or complete and return a proxy card so that your shares will be represented. If you choose to attend the meeting, you may revoke your proxy and personally cast your votes. | | |||||||||||
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| | | | Internet | | | | | Mobile Device | | | | ||
| | Go to www.proxyvote.com 24/7 and follow the instructions | | | Scan the QR code to go to www.proxyvote.com | | ||||||||
| | | | Telephone | | | | | At the Meeting | | | | | |
| | Call toll-free 1 (800) 690-6903 or the telephone number on your voting instruction form | | | Attend the meeting and cast your ballot | | ||||||||
| | IMPORTANT NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDERS’ MEETING TO BE HELD ON MAY 22, 2025 The Proxy Statement and the 2024 Annual Report to Stockholders are available at the Company’s website, ir.mohawkind.com/ proxy-materials | | |||||||||||
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| | Sign, date and mail your proxy card in the postage-paid envelope provided | | |||||||||||
This Proxy Statement is furnished by and on behalf of the Board of Directors of Mohawk Industries, Inc. (“Mohawk” or the “Company”) in connection with the solicitation of proxies for use at the annual meeting of stockholders of the Company. We have elected to provide access to our proxy materials on the internet. Accordingly, we are sending a Notice of Internet Availability of Proxy Materials (the “Notice”) to our stockholders of record (“Stockholders”) and beneficial owners. All Stockholders and beneficial owners may access the proxy materials at the Company’s website, ir.mohawkind.com/proxy-materials. If you would like to receive a paper copy of our proxy materials, please contact Broadridge Financial Solutions, Inc. by phone at (800) 579-1639 or by mail at 51 Mercedes Way, Edgewood, New York 11717.
The Notice will be made available to Stockholders on or about April 4, 2025.
By Order of the Board of Directors,
R. DAVID PATTON
Vice President — Business Strategy, General Counsel and Secretary
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.