ICF International, Inc.
For the period ended Jun 4, 2025. Filed Apr 25, 2025.
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.
Jun 4, 2025 · Filed Apr 25, 2025
Contents
Implementing Our Objectives
The Committee uses competitive compensation data from the study of peer companies to inform its decisions about overall compensation opportunities and specific compensation elements. Additionally, the Committee uses multiple reference points when establishing targeted compensation levels. The Committee does not benchmark specific compensation elements or total compensation to any specific percentile relative to the peer companies or the broader United States market. Instead, the Committee applies judgment and discretion in establishing targeted pay levels, taking into account not only competitive market data, but also factors such as Company performance, individual performance, scope of responsibility, critical needs and skill sets, leadership potential and succession planning.
Use of Market Data
ICF uses regressed survey data from several globally recognized compensation surveys to supplement peer group data. This is especially helpful in addressing NEO roles other than the CEO and CFO roles. The other executive roles are not always consistent with the third (3 rd), fourth (4 th) and fifth (5 th) paid NEOs in proxy filings of our peers in the peer group. Therefore, market data is reviewed to support the peer group data.
Use of Peer Company Data
The Committee annually reviews our peer group and the methodology for choosing participating companies. The five (5) guiding principles used for the selection of peer companies are:
| • | Size: We aim to position ourselves near the peer group’s median revenues, and we generally select peers between 0.5x to 2.5x of our revenue. In some instances, a peer may fall outside this range if it is otherwise deemed a strong business and talent comparator. |
|---|
| • | Similar business characteristics: Selected peer companies either compete with us or have similar market demands. |
|---|
| • | Talent pool: Selected peer companies compete with us for talent. |
|---|
| • | External constituents: Some selected peer companies were named by our equity research analysts as peers or are other companies that identify ICF as a peer. |
|---|
| • | Sectors: In addition to focusing on Professional Services (our designated Global Industry Classification Standard), other relevant sectors, including IT Services, Health Care Technology and Commercial Services were also reviewed. |
|---|
We believe the companies selected for our 2024 peer group, as listed below (the “2024 Peer Group”), continue to reflect our current mix of services.
| 44 | 2025 Proxy Statement |
EXECUTIVE COMPENSATION
The following companies were identified in Fall 2023 to assist with fiscal year 2024 pay decisions as our 2024 Peer Group.
| Number | Company Name | 2024 Revenue (millions) |
|---|---|---|
| 1 | Booz Allen Hamilton Holding Corporation | $10,662 |
| 2 | CACI International Inc. | 7,660 |
| 3 | Science Applications International Corporation | 7,479 |
| 4 | Maximus, Inc. | 5,306 |
| 5 | Tetra Tech, Inc. | 5,199 |
| 6 | FTI Consulting Inc. | 3,699 |
| ICF International, Inc. | 2,020 | |
| 7 | Unisys Corporation | 2,008 |
| 8 | CBIZ, Inc. | 1,813 |
| 9 | Huron Consulting Group Inc. | 1,486 |
| 10 | VSE Corporation | 1,080 |
| 11 | CRA International Inc. | 687 |
| 12 | Resources Connection, Inc. | 633 |
| 13 | Exponent Inc. | 559 |
Revenue data based on each company’s respective most recently completed fiscal year-end.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.