Balchem Corporation · NASDAQ:BCPC
Balchem — Shareholder Meeting (June 2023)
10 slides from Balchem's shareholder meeting presentation, Jun 12, 2023
Slide 1: Supplemental Information on Executive Compensation
Supplemental Informationon Executive Compensation
Slide 2: Rationale to vote FOR Proposal 3 (Say-on-Pay)
Rationale to vote FOR Proposal 3 (Say-on-Pay) The Board urges you to vote FOR the advisory vote on the approval of the compensation of our Named Executive Officers CEO pay has consistently emphasized performance The Compensation Committee recognizes that Mr. Harris, CEO, has exceptional leadership s
Slide 3: CEO Pay Has Always Emphasized Performance
CEO Pay Has Always Emphasized Performance Increases over time have emphasized variable compensation to align pay with performance One-time retention grant added $6.3 million to reported total compensation for 2022 When the retention grant is annualized over its 5-year vesting period, target total di
Slide 4: One-Time CEO Retention Grant Rationale
One-Time CEO Retention Grant Rationale 4 Maximize retention and align with shareholders’ interests 2022 2023 2024 2025 2026 2027 Grant on 9/15 25% vests on 9/15 25% vests on 9/15 50% vests on 9/15 Backloaded Vesting Maximizes Retention Prior to the special grant, CEO’s beneficial ownership was less
Slide 5: Retention Grant Design Aligns the CEO with Shareholders' Interests
Retention Grant Design Aligns the CEO with Shareholders’ Interests 5 CEO can only realize gains if shareholder value increases Increasing exercise prices for the four tranches mean there must be meaningful value creation for shareholders for the CEO to realize value Stock price at grant was $125.71
Slide 6: Balchem Has Outperformed the Market Under Ted Harris' Leadership
Balchem Has Outperformed the Market Under Ted Harris’ Leadership 6 One-time retention grant will reward the CEO only if Balchem continues to perform
Slide 7: Historical Financials - Revenue
Historical Financials - Revenue 7 Consistent Performance Due To Resilient Business Model and Strong Leadership SALES ($M)
Slide 8: Dividends
Dividends Annual double-digit dividend growth for the last decade Consistency in execution 8 Consistent Dividend Policy ($/share)
Slide 9: Please vote FOR Proposal 3 (Say-on-Pay)
Please vote FOR Proposal 3 (Say-on-Pay) The Board urges you to vote FOR the advisory vote on the approval of the compensation of our Named Executive Officers CEO pay has consistently emphasized performance The Compensation Committee recognizes that Mr. Harris, CEO, has exceptional leadership skills
Slide 10: ape Tomorrow.
s ape Tomorrow. “27 balchem