CBIZ Inc
For the period ended May 9, 2024. Filed Mar 25, 2024.
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May 9, 2024 · Filed Mar 25, 2024
Contents
Overview of Compensation Program
The Compensation and Human Capital Committee of the Board (the “Compensation Committee” or the “Committee” throughout this Compensation Discussion and Analysis) is responsible for establishing, implementing, and monitoring the application of its compensation philosophy to the senior management and directors of the Company. At CBIZ, the Senior Management Group (“SMG”) consists of the Company’s executive officers and certain Senior Vice Presidents. The Committee’s goal is to ensure that the total compensation paid to the SMG is fair and reasonable. Generally, the types of compensation and benefits provided to members of this group are similar to those provided to executive officers at other comparable companies.
Mr. Grisko (“CEO”), Ware Grove (“CFO”), Michael Kouzelos (“President, Benefits & Insurance Services”), and Chris Spurio (“President, Financial Services”) are referred to as the “Named Executive Officers” or “NEOs,” all of whom are members of the SMG. The Board has specifically designated the executive officers of the Company as the foregoing NEOs and limited the exercise of the Company’s policy making functions to the NEOs. The Board has determined that no other officer of the Company has been given, or has exercised, any similar policy making authority in 2023. Therefore, only the NEOs designated above have served as executive officers of the Company in 2023 as that role is defined by the Rule 3b-7 of the Exchange Act.
This Compensation Discussion and Analysis, or CD&A, provides information regarding compensation awarded to, earned by or paid to the Named Executive Officers in 2023.
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