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CHEMED CORP

For the period ended May 19, 2025. Filed Apr 7, 2025.

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About 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.

May 19, 2025 · Filed Apr 7, 2025

CHE$528.05-1.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(RULE 14a-101)

SCHEDULE 14A INFORMATION

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 Pursuant to 240.14a-12

Chemed Corporation

(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 computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

(a)Title of each class of securities to which transaction applies:

(b)Aggregate number of securities to which transaction applies:

(c)Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

(d)Proposed maximum aggregate value of transaction:

(e)Total fee paid:

☐Fee paid previously with preliminary materials.

☐Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

(1)Amount Previously Paid:

(2)Form, Schedule or Registration Statement No.:

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‎

Notice of Annual Meeting of Stockholders

‎May 19, 2025

The Annual Meeting of Stockholders of Chemed Corporation will be held at the Queen City Club, 331 East Fourth Street, Cincinnati, Ohio on May 19, 2025, at 11:00 a.m. Eastern Time for the following purposes:

(1)To elect directors;

(2)To approve and adopt the Company’s 2025 Stock Incentive Plan;

(3)To ratify the selection of independent accountants by the Audit Committee of the Board of Directors;

(4) To hold an advisory vote to approve executive compensation;

(5)To consider a stockholder proposal to reduce stockholder threshold for calling a special meeting to 10%; and

(6)To transact any other business properly brought before the meeting.

The above matters are described in the Proxy Statement accompanying this Notice. You are urged, after reading the Proxy Statement, to vote your shares by proxy by either: (a) completing, signing, dating and returning your proxy card in the postage-paid envelope provided, or (b) voting by telephone, or (c) voting via the Internet using the instructions on your proxy card. Voting instructions are described in more detail in the Proxy Statement.

Your vote is extremely important. If you have any questions or require any assistance with voting your shares, please contact the Board of Directors’ proxy solicitor:

Innisfree M&A Incorporated

Stockholders Toll-Free: (877) 800-5194

Banks and Brokers: (212) 750-5833

Stockholders of record at the close of business on March 24, 2025 are entitled to notice of, and to vote at, the Annual Meeting.

Brian C. JudkinsSecretary

April 7, 2025

‎

Table of ContentsPAGE
2024 PERFORMANCE1
PROXY STATEMENT3
Stockholders Entitled to Vote3
Quorum3
Vote Requirements4
How to Vote4
PROPOSAL 1 – ELECTION OF DIRECTORS6
General6
Nominees6
Recommendation8
CORPORATE GOVERNANCE9
Narrative Disclosure to Director Compensation Table9
Majority Voting in Director Elections10
Committees and Meetings of the Board10
Procedures Regarding Director Candidates Recommended by Stockholders11
Director Independence12
Risk Oversight12
Compensation Risk13
Compensation Committee Interlocks and Insider Participation13
Board Leadership Structure; Related Person Transactions13
Code of Ethics13
Other Corporate Policies and Reports14
Stockholder Communications14
COMPENSATION DISCUSSION AND ANALYSIS14
Consideration of the 2024 Say On Pay Vote14
Overview of Compensation Program14
How Compensation Decisions are Made14
Role of Executive Officers15
Objectives of Compensation Program15
Elements of Executive Compensation16
Executive Compensation Consultant, Independence16
Peer Group16
Base Salaries17
Annual Non Equity Incentive Compensation17
Long-Term Incentives19
Retirement Benefits22
Tax Considerations22
Employment Agreements22
Stock Ownership Guidelines24
REPORT OF THE COMPENSATION COMMITTEE24
EXECUTIVE COMPENSATION25
Summary Compensation25
All Other Compensation Table26
Grants of Plan-Based Awards27
Narrative to Summary Compensation Table and Grants of Plan-Based Awards Table27
Employment Agreements28
Annual Cash Incentives28
Stock Incentive Plans28
Outstanding Equity Awards at Fiscal Year End30
Option Exercises and Stock Vested32
Nonqualified Deferred Compensation32
Excess Benefit Plan and Deferred Compensation Plan33
Potential Payments Upon Termination or Change in Control34
Executive Pay Ratio39
PAY VERSUS PERFORMANCE TABLE40
TRANSACTIONS WITH RELATED PERSONS44
SECURITY OWNERSHIP44
Security Ownership of Certain Beneficial Owners44
Security Ownership of Executive Officers and Directors45
DELINQUENT SECTION 16(A) REPORTS46
CLAWBACK POLICY46
ANTI-HEDGING POLICY46
PROPOSAL 2 – APPROVAL AND ADOPTION OF 2025 STOCK INCENTIVE PLAN47
Recommendation51
PROPOSAL 3 – RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM52
Recommendation52
REPORT OF THE AUDIT COMMITTEE52
PRINCIPAL ACCOUNTANT FEES AND SERVICES53
PROPOSAL 4 – ADVISORY VOTE ON EXECUTIVE COMPENSATION54
Recommendation54
PROPOSAL 5 – STOCKHOLDER PROPOSAL TO REDUCE STOCKHOLDER THRESHHOLD FOR CALLING A SPECIAL MEETING TO 10%55
Recommendation57
PROPOSALS FOR THE NEXT ANNUAL MEETING58
Proposals to be Included in Our 2026 Proxy Statement58
Stockholder Proposals Regarding Nominations or Other Business at the 2025 Annual Meeting58
IMPORTANT NOTICE REGARDING AVAILABILITY OF PROXY MATERIALS FOR ANNUAL MEETING59
OTHER INFORMATION59
EXHIBIT A: 2025 STOCK INCENTIVE PLAN61

2024 Perform

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