AMERICAN VANGUARD CORP
For the period ended Jun 3, 2026. Filed Apr 23, 2026.
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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.
Jun 3, 2026 · Filed Apr 23, 2026
Contents
Compensation Program Best Practices
The Compensation Committee continues to implement and maintain sound practices in our executive compensation program and related areas. Our current compensation program includes features that we believe drive performance and excludes features we do not believe serve our stockholders’ long-term interests. The table below highlights the “Sound Practices” features that our compensation program includes and “Poor Pay Practices,” which are excluded. Certain of these features are described in greater detail after the table.
| Included Features (“Sound Practices”) | Excluded Features (“Poor Practices”) |
|---|---|
| ➣ Performance-based Equity – Company periodically grants performance-based equity grants that vest either by performance against internal financial metrics and/or external stock price performance (absolute/relative TSR).➣ Caps on Individual Bonuses – Our executives’ incentive compensation is effectively capped at 1.8 times salary for the CEO and 108% of salary for other officers. ➣ Clawback Policy – Our executives are subject to having incentive compensation recouped by the Company in the event of an accounting restatement of the Company's financial statements due to its material noncompliance with any financial reporting requirement under the securities laws.➣ Stock Ownership Guidelines— We have adopted share ownership requirements for both our executive officers (4X base wage for CEO and 2X base wage for CEO reports) and our directors (four years’ worth of stock awards).➣ Consultant Independence – The Compensation Committee retains an independent compensation consultant. Our consultant is evaluated annually for independence to ensure objectivity.➣ Market Benchmarking – Compensation decisions are made in the context of relevant market comparators.➣ Risk Management – Our executive officers’ compensation program has been designed and is reviewed to ensure that it does not encourage inappropriate risk-taking. ➣ “Double Trigger” severance – Our change in control agreements require both a change in control and termination during a two year period for any severance or other benefits to be provided. | ➣ No income or excise tax gross-ups.➣ No “single trigger” severance payments in case of change of control. ➣ No guaranteed base salary increases, minimum bonuses or equity awards.➣ No resetting of strike price on underwater options.➣ No replacement or “make whole” awards of equity.➣ No Hedging–Our executive officers and directors are prohibited from all hedging activities (as, for example, with zero-cost collars and forward sales contracts) and holding Company securities in margin accounts. |
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