0001013880 2025-01-01 2025-12-31 0001013880 2024-01-01 2024-12-31 0001013880 2023-01-01 2023-12-31 0001013880 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001013880 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001013880 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001013880 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001013880 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001013880 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001013880 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001013880 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001013880 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001013880 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001013880 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001013880 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001013880 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001013880 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001013880 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001013880 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001013880 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001013880 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001013880 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001013880 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001013880 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 iso4217:USD TTEC Holdings, Inc. <table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: rgb(63,86,101); white-space: nowrap; text-align: center">Year</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; background-color: rgb(63,86,101); white-space: nowrap; text-align: center">Summary Compensation Table Total for PEO 1,2</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; background-color: rgb(63,86,101); white-space: nowrap; text-align: center">Compensation Actually Paid to PEO 1</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; background-color: rgb(63,86,101); white-space: nowrap; text-align: center">Average Summary Compensation Table Total for Non-PEO NEOs 1,4</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; background-color: rgb(63,86,101); white-space: nowrap; text-align: center">Average Compensation Actually Paid to Non-PEO NEOs 1,5</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; background-color: rgb(63,86,101); white-space: nowrap; text-align: center">Value of Initial Fixed $100 Investment Based on Total Shareholder Return 6 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; background-color: rgb(63,86,101); white-space: nowrap; text-align: center">Net Income (millions) 7</td> </tr> <tr style="font: 7pt Arial, Helvetica, Sans-Serif"> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; text-align: center; width: 13%">2025</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center; width: 15%">$71,217 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center; width: 14%">$71,217 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center; width: 14%">$1,316,861 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center; width: 15%">$989,127 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center; width: 14%">$8</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center; width: 15%">($185.1)</td> </tr> <tr style="font: 7pt Arial, Helvetica, Sans-Serif"> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; text-align: center">2024</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$63,536 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$63,536 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$2,399,937 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$760,350 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$12</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">($310.6) </td> </tr> <tr style="font: 7pt Arial, Helvetica, Sans-Serif"> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; text-align: center">2023</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$100,151 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$100,151 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$1,782,960 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$138,937 </td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$50</td> <td style="border-right: Black 1pt solid; padding: 2pt 5.4pt; font: 7pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">$18.3</td> </tr> </table> <table cellpadding="0" style="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;" width="100%"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">1.</td><td>The PEO and NEOs included in these columns reflect the following individuals:</td></tr></table> <table cellpadding="0" style="font: 7pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="font-size: 7pt; background-color: #3F5665"> <td style="border-top: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">Year</td> <td style="border-top: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">PEO</td> <td style="border-bottom: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; width: 63%; text-align: center">Non-PEO NEOs</td></tr> <tr style="font-size: 7pt"> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2025</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Kenneth D. Tuchman</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; white-space: nowrap; border-bottom: Black 1pt solid">Kenneth "Kenny" R. Wagers, John P. Abou</td></tr> <tr style="font-size: 7pt"> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2024</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Kenneth D. Tuchman</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Kenneth "Kenny" R. Wagers, Francois Bourret, Michelle "Shelly" R. Swanback, David J. Seybold, Margaret B. McLean</td></tr> <tr style="font-size: 7pt"> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2023</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Kenneth D. Tuchman</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Michelle "Shelly" R. Swanback, Francois Bourret, Dustin J. Semach, David J. Seybold, Margaret B. McLean </td></tr> </table> <table cellpadding="0" style="font: 7pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;" width="100%"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">2.</td><td>Amounts reflect the average of Summary Compensation Table Total Pay for our PEO for each corresponding year.</td></tr> <tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">3.</td><td>Compensation Actually Paid (CAP) has been calculated based on the requirements and methodology set forth in the applicable SEC rules (Item 402(v) of Regulation S-K). Since Mr. Tuchman does not currently receive equity grants, there are no equity adjustments recorded, and the dollar amounts reflect the actual amount of compensation earned during the applicable year.</td></tr> <tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">4.</td><td>The amounts reported under "Average Summary Compensation Table Total" for non-PEO NEOs represent the average of the amounts reported for the Company's Non-PEO NEOs as a group in the 'Total' column of the Summary Compensation Table in each applicable year.</td></tr> <tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">5.</td><td>The amounts in column "Average Compensation Actually Paid" for non-PEO NEOs represent the average amount of compensation paid to the non-PEO NEOs as a group, in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the non-PEO NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the "Reconciliation of Summary Compensation Table to Compensation Actually Paid for non-PEO NEOs" table below were made to the non-PEO NEOs’ total compensation for each year to determine the compensation actually paid.</td></tr> <tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">6.</td><td>Total Stockholder Return (TSR) represents the cumulative return on a fixed investment of $100 in the Company’s common stock, for the period beginning on the last trading day of fiscal year 2022 through the end of the applicable fiscal year, assuming reinvestment of dividends. </td></tr> <tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">7.</td><td>The dollar amounts reported represent the net income reflected in the Company’s audited financial statements for the applicable year.</td></tr></table> Leadership Transition and Pay for Performance Compensation Context The increase in average non-PEO NEO compensation during the 2023–2025 period reflects the recruitment of new senior leadership — not discretionary increases tied to company performance outcomes. TTEC's Chief Financial Officer, Kenny Wagers, joined the Company in March 2024, and John Abou, President for the TTEC Engage business segment, joined mid-year 2024. Both were recruited specifically to lead the Company's operational and financial transformation during a period of significant headwinds affecting the CX outsourcing industry. Their compensation packages reflect competitive market rates necessary to attract executives of their caliber from large multinational organizations, and a meaningful portion of their pay is structured at risk, tied to multi-year revenue and adjusted EBITDA performance targets. The Company believes that investing in experienced operational leadership during this transitional period is essential to TTEC's long-term value creation, and that the structure of executive compensation, with a significant performance-contingent component at risk reflects that conviction.Reconciliation of Summary Compensation Table Total to Compensation Actually Paid for Non-PEO NEOs The following table details all adjustments made to non-PEO NEO compensation to determine 2025 Compensation Actually Paid. <table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr> <td colspan="10" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"></td> </tr> <tr style="font-size: 6pt"> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; width: 10%">Fiscal Year </td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Summary Compensation Table Total</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">(Minus): Grant Date Value of Equity Awards Granted in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus/(Minus): Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus/(Minus): Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">(Minus): Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Comp- ensation</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Compensation Actually Paid</td> </tr> <tr style="font-size: 7pt"> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2025</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,316,861</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($68,948)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$43,430</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($249,731)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$29,620</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($82,106)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$989,127</td> </tr> <tr style="font-size: 7pt"> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2024</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$2,399,937</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($1,707,996)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$686,372</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($441,083)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($176,879)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$760,350</td> </tr> <tr style="font-size: 7pt"> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2023</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,782,960</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($1,260,497)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$300,520</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($546,207)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($38,247)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($99,593)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$138,937</td> </tr> </table> For purposes of the above adjustments, the fair value of equity awards on the applicable date was determined in accordance with FASB’s ASC Topic 718, using valuation methodologies that are generally consistent with those used to determine the grant-date fair value for accounting purposes. The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date value of the awards as reported in the Summary Compensation Table. 71217 71217 1316861 989127 8

-185100000

63536 63536 2399937 760350 12

-310600000

100151 100151 1782960 138937 50

18300000

<table cellpadding="0" style="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;" width="100%"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">1.</td><td>The PEO and NEOs included in these columns reflect the following individuals:</td></tr></table><table cellpadding="0" style="font: 7pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="font-size: 7pt; background-color: #3F5665"> <td style="border-top: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">Year</td> <td style="border-top: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">PEO</td> <td style="border-bottom: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; width: 63%; text-align: center">Non-PEO NEOs</td></tr> <tr style="font-size: 7pt"> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2025</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Kenneth D. Tuchman</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; white-space: nowrap; border-bottom: Black 1pt solid">Kenneth "Kenny" R. Wagers, John P. Abou</td></tr> <tr style="font-size: 7pt"> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2024</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Kenneth D. Tuchman</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Kenneth "Kenny" R. Wagers, Francois Bourret, Michelle "Shelly" R. Swanback, David J. Seybold, Margaret B. McLean</td></tr> <tr style="font-size: 7pt"> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2023</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Kenneth D. Tuchman</td> <td style="border-right: Black 1pt solid; font-size: 7pt; padding: 2pt 5.4pt; border-bottom: Black 1pt solid">Michelle "Shelly" R. Swanback, Francois Bourret, Dustin J. Semach, David J. Seybold, Margaret B. McLean </td></tr> </table> Kenneth D. Tuchman The following table details all adjustments made to non-PEO NEO compensation to determine 2025 Compensation Actually Paid.<table cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr> <td colspan="10" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"></td> </tr> <tr style="font-size: 6pt"> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; width: 10%">Fiscal Year </td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Summary Compensation Table Total</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">(Minus): Grant Date Value of Equity Awards Granted in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus/(Minus): Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus/(Minus): Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">(Minus): Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Comp- ensation</td> <td style="border-right: Black 1pt solid; font-size: 6pt; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #3F5765; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 10%">Compensation Actually Paid</td> </tr> <tr style="font-size: 7pt"> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2025</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,316,861</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($68,948)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$43,430</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($249,731)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$29,620</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($82,106)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$989,127</td> </tr> <tr style="font-size: 7pt"> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2024</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$2,399,937</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($1,707,996)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$686,372</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($441,083)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($176,879)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$760,350</td> </tr> <tr style="font-size: 7pt"> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2023</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,782,960</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($1,260,497)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$300,520</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($546,207)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($38,247)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">($99,593)</td> <td style="font-size: 7pt; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$0</td> <td style="font-size: 7pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$138,937</td> </tr> </table> 1316861 -68948 43430 -249731 29620 -82106 0 0 989127 2399937 -1707996 686372 -441083 0 -176879 0 0 760350 1782960 -1260497 300520 -546207 0 -38247 -99593 0 138937 <img alt="" src="tm269728d5_sp6img01img01.jpg"/> <img alt="" src="tm269728d5_sp6img01img02.jpg"/> true While we do not have a formal policy with respect to the timing of awards of stock options, stock appreciation rights, or similar option-like instruments to our NEOs, in recent years, including during 2025, our Compensation Committee has not granted such awards. The Compensation Committee generally approves the grant of equity compensation awards, if any, at approximately the same time every year, although off-cycle grants can be made at different times in certain circumstances, including for new hires, promotions, retention or other purposes. We have not timed the disclosure of material non-public information for the purpose of affecting the value of executive compensation. While we do not have a formal policy with respect to the timing of awards of stock options, stock appreciation rights, or similar option-like instruments to our NEOs, in recent years, including during 2025, our Compensation Committee has not granted such awards. The Compensation Committee generally approves the grant of equity compensation awards, if any, at approximately the same time every year, although off-cycle grants can be made at different times in certain circumstances, including for new hires, promotions, retention or other purposes. true false We have not timed the disclosure of material non-public information for the purpose of affecting the value of executive compensation. false PRE 14A 0001013880 false