HEICO CORP
For the period ended Mar 15, 2024. Filed Feb 2, 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.
Mar 15, 2024 · Filed Feb 2, 2024
Contents
Compensation Background Data
Substantial Growth
For over three decades, the Committee has applied the same deliberate and consistent principles which have succeeded in retaining and incentivizing our management over a long period of time. Accordingly, when setting compensation, the Committee considers the following key facts:
| ▪ | HEICO achieved 22% compound annual growth in Total Shareholder Return(1) from 1990 through October 31, 2023 |
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| ▪ | HEICO achieved 18% compound annual net income growth from fiscal 1990 through fiscal 2023 |
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| ▪ | HEICO achieved 15% compound annual sales growth from fiscal 1990 through fiscal 2023 |
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| ▪ | HEICO achieved 19% compound annual cash flow from operations growth from fiscal 1990 through fiscal 2023 |
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Page 4 helps frame the Committee’s decisions by displaying the net sales and net income growth for the past thirty-three years and the Total Shareholder Return which investors who held HEICO shares would have experienced over the past three years and the past thirty-three years (which includes the time since current management took office). This strong performance is a factor in the Committee’s decisions.
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