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| THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE YOUR SHARES “FOR” THE ELECTION OF EACH OF THE DIRECTOR NOMINEES NAMED IN THE PROXY STATEMENT AND “FOR” EACH OF THE OTHER ABOVE PROPOSALS. | | |
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| L. Briley Brisendine Executive Vice President, General Counsel and Secretary Roswell, Georgia | |
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| AUDIT MATTERS | | | | | | | |
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| COMPENSATION | | | | | | | |
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| GENERAL INFORMATION | | | | | | | |
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| | | | | A-1 | | | |
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Board Independence | | | Board Diversity | | ||||||
86% | | | 6 of 7 continuing directors and nominees are independent | | | 57% | | | 4 of 7 continuing directors and nominees are women or from diverse backgrounds | |
| ![]() | | | We are proud of our efforts to engage with our stockholders to deepen the Board’s understanding of our stockholders’ interests and priorities. In addition to ordinary course investor conferences, earnings calls and one-on-one investor conference calls and meetings, in which we have been actively involved since our IPO, we conducted targeted outreach with stockholders representing a substantial portion of our stockholder base to discuss our corporate governance practices in each of the past two years. For our stockholder outreach program in 2019, we invited our top 20 stockholders to provide feedback on our governance practices. Of these top 20 stockholders, 13 (65%) accepted our invitation and provided feedback, representing approximately 53% of our shares outstanding. Our Board of Directors, including the Nominating and Corporate Governance Committee of the Board (the “Nominating and Corporate Governance Committee”) and the Board’s newly-renamed Human Resources and Compensation Committee (the “Human Resources and Compensation Committee”), reviewed feedback from our stockholders. | |
| ![]() | | | Eliminating supermajority voting requirements; | |
| ![]() | | | Appointing an additional female director; | |
| ![]() | | | Adding performance shares to executive officer compensation; | |
| ![]() | | | Amending our Executive Officer Ownership Policy to increase the CEO holding requirement and exclude the value of in-the-money options from ownership calculation; | |
| ![]() | | | Enhancing safety, environmental and social policies and practices and disclosure; | |
| ![]() | | | Enhancing disclosure in our proxy statement regarding director skills, background and qualifications; | |
| ![]() | | | Amending our anti-hedging policy to prohibit pledging of Company stock by executive officers; | |
| ![]() | | | Adopting a new Non-Employee Director Equity Ownership Policy; and | |
| ![]() | | | Significantly improving our social and environmental policies, including adopting a Human Rights Policy, Supplier Code of Conduct and Environmental Policy. | |
Board Independence | | | Board Diversity | | ||||||
86% | | | 6 of 7 directors are independent | | | 57% | | | 4 of 7 directors are women or from diverse backgrounds | |
Board Refreshment | | | Average Tenure | | ||||||
43% | | | 3 of 7directors have been added since 2017 | | | 3.4Yrs | | | Average director tenure | |
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| Independent Committees | | | • All of our committees are composed solely of independent directors | |
| Empowered Lead Director | | | • Our independent directors elect our independent Lead Director • Our Lead Director has meaningful responsibility including: — serving as liaison between independent directors and the Chairman; — chairing executive sessions of independent directors; and — consulting with the CEO on matters relating to management effectiveness and Board performance | |
| Board Leadership Evaluation and Succession Planning | | | • The Board annually evaluates the CEO’s performance • The Board annually conducts a rigorous review and assessment of the succession planning process for the CEO and other executive officers | |
| Majority Vote Threshold | | | • Our Charter and By-laws may be amended by a majority vote of our stockholders | |
| Board & Committee Evaluations | | | • The Board and each of our committees conduct detailed annual self-evaluations | |
| Limits on Outside Board Service | | | • Outside directors are limited to service on four other public company boards • Currently, our CEO does not serve on any other public company boards | |
| Anti-Hedging/Pledging Policy | | | • Our insider trading policy bars our directors and executive officers from entering into pledging or hedging or monetization transactions designed to limit the financial risk of ownership of the Company’s securities • None of our directors or executive officers have any pledged SiteOne equity | |
| No “Poison Pill” | | | • We do not have a “poison pill” plan in place | |
| Executive Sessions | | | • The Board and Board committees meet regularly in executive session • In 2019, the independent directors met in executive session at each of the Board’s four quarterly meetings • At least once a year, the independent directors meet in an executive session with the CEO (without the other executive officers), with the Lead Director presiding at such sessions | |
| ✓ | | | Strong emphasis on performance-based compensation, with a significant portion of NEOs’ overall compensation tied to Company performance | | | ✓ | | | Human Resources and Compensation Committee, like all of the Board committees, comprised solely of independent directors | |
| ✓ | | | Aggressive annual Adjusted EBITDA targets | | | ✓ | | | Rigorous | |
| ✓ | | | Mix of short-term and long-term incentives, with performance awards representing a meaningful portion of long-term incentive pay | | | ✓ | | | | |
| ✓ | | | Annual cash incentives for NEOs limited to 250% and 150% of | | | ✓ | | | Meaningful | |
| ✓ | | | Double-trigger change-in-control cash severance benefits | | | ✓ | | | ||
Robust clawback policy for incentive compensation paid to our executive officers, | |
| ![]() ![]() | | | Discount or reprice stock options | | | ![]() ![]() | | | Allow hedging, pledging or short sales | |
| ![]() ![]() | | | Gross up excise taxes that may become due upon a change in control | | | ![]() ![]() | | | Guarantee incentive awards for executives | |
| ![]() ![]() | | | Provide incentives that encourage | | | ![]() | | | |
| ![]() ![]() | | | View our proxy materials on the | |
| ![]() ![]() | | | View your shares | |
| ![]() ![]() | | | Request printed copies of these materials, including the proxy card or voting instruction card | |
| Proposal 1: | | | Elect the | |
| Proposal 2: | | | | |
| Proposal 3: | | | Hold a non-binding advisory vote to approve executive compensation. | |
| Proposal 4: | | | | |
| Other Proposals: | | | Transact such other business as may properly come before the Annual Meeting or any reconvened meeting following any adjournment or postponement thereof. | |
| Proposal 1: | | | “FOR” each of the | |
| Proposal 2: | | | “FOR” | |
| Proposal 3: | | | “FOR” the non-binding advisory vote to approve executive compensation. | |
| Proposal 4: | | | “FOR” management’s proposal to approve the | |
| Other Proposals: | | | At the discretion of Doug Black and Briley Brisendine, the persons designated as proxies for the Annual Meeting, either “FOR”, “AGAINST” or “ABSTAIN” with regard to any other business that may properly come before the Annual Meeting. | |
| | | | Proposal(1) | | | Stockholder Vote Required for Approval | | | Effect of Abstentions | | | Effect of Broker Non-votes(2) | |
| ![]() ![]() | | | Election of Class | | | Plurality | | | No effect | | | No effect | |
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![]() ![]() | | | Ratification of the selection of Deloitte & Touche LLP as our independent public accounting Firm | | | Majority | | | Counts as vote against proposal | | | There will be no broker non-votes | | |
| ![]() | | | Advisory vote to approve executive compensation(3) | | | Majority | | | Counts as vote against proposal | | | No effect | |
| ![]() | | | Approve the 2020 Plan | | | Majority | | | Counts as vote against proposal | | | No effect | |
| | | | If you are a Stockholder of Record | | | If you are a Beneficial Owner of Shares Held in Street Name | |
| By Internet (24 hours a day)(1) | | | www.proxyvote.com | | | www.proxyvote.com | |
| By Telephone (24 hours a day)(1) | | | 1-800-690-6903 | | | 1-800-454-8683 | |
| By Mail | | | Return a properly executed and dated proxy card in the pre-paid envelope we have provided | | | Return a properly executed and dated voting instruction form by mail, depending upon the method(s) your bank, brokerage firm, broker-dealer or similar organization makes available | |
| At our Annual Meeting(1) | | | Stockholders who attend the virtual Annual Meeting should follow the instructions at www.virtualshareholdermeeting.com/SITE2020 | | | Stockholders who attend the virtual Annual Meeting should follow the instructions at www.virtualshareholdermeeting.com/SITE2020 | |
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Name | | | Position with SiteOne | |
| | Director | | |
| | Director | |
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| | | | | The Board unanimously recommends that you vote “FOR” each of the nominees named above for election as a Director. | | | | | | |||
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Name | | | Age | | | Principal Occupation and Other Information | |
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William (Bill) W. Douglas, III ![]() | | | | | William (Bill) W. Douglas, IIIserves as our Lead Director and has been one of our directors since April 2016. In June 2016, Mr. Douglas retired as Executive Vice President of Coca-Cola Enterprises, Inc. (“CCE”) | |
Name | | | Age | | | Principal Occupation and Other Information | |
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Jeri L. Isbell ![]() | | | | | Jeri L. Isbellhas served as one of our directors since October 2016. She was Vice President-Human Resources and Corporate Communications at Lexmark International, Inc., a leading developer, manufacturer, and supplier of printing, imaging, device management, managed print services, document workflow and business process, and content management solutions, a position she held from 2003 until her retirement in December 2016. During her 24-year tenure at Lexmark, she also held a number of leadership positions at Lexmark, including Vice President of Compensation and Benefits, Vice President of Finance and Division Chief Financial Officer, and U.S. Controller. Ms. Isbell began her career at IBM. She currently serves as a member of the Board of Directors of Atkore International Group Inc., where she chairs the Human Resources and | |
Name | | | Age | | | Principal Occupation and Other Information | |
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Doug Black ![]() | | | | | Doug Black has served as SiteOne’s Chief Executive Officer since April 2014, and as the Chairman of the Board since June 2017. Prior to joining SiteOne, Mr. Black was President and Chief Operating Officer of Oldcastle Inc., an integrated building materials manufacturer and distributor and a wholly owned subsidiary of Irish-based CRH plc. During his 18-year career with Oldcastle, Mr. Black led the company’s entry into building products distribution and then held several senior leadership roles, including Chief Operating Officer and Chief Executive Officer of Oldcastle Architectural Products and Chief Operating Officer and Chief Executive Officer of Oldcastle Materials. Prior to Oldcastle, Mr. Black’s business career began at McKinsey & Company in 1992 where he led strategy, sales force effectiveness and plant improvement projects in the telecommunications, airline, lumber, paper and packaging industries. While serving as a U.S. Army Engineer Officer from 1986 to 1990, he completed construction projects in the Southeastern U.S., Central America and South America. Mr. Black earned an M.B.A. from Duke University’s Fuqua School of Business as a Fuqua Scholar and a B.S. in Mathematical Science/Civil Engineering from the U.S. Military Academy, West Point, where he was an AP all-American fullback and NCAA Scholar Athlete. Mr. Black’s intimate knowledge of our day-to-day operations as Chief Executive Officer, his prior role as a management consultant and his extensive experience working in our industry qualify him to serve on the Board. | |
Name | | | Age | | | Principal Occupation and Other Information | |
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Jack L. Wyszomierski ![]() | | | | | Jack L. Wyszomierski has served as one of our directors since April 2016. From June 2004 to June 2009, Mr. Wyszomierski served as the Executive Vice President and Chief Financial Officer of VWR International, LLC, a supplier of laboratory supplies, equipment and supply chain solutions to the global research laboratory industry. From 1982 to 2003, Mr. Wyszomierski held positions of increasing responsibility within the finance group at Schering-Plough Corporation, a health care company, culminating with his appointment as Executive Vice President and Chief Financial Officer in 1996. Prior to joining Schering-Plough, he was responsible for capitalization planning at Joy Manufacturing Company, a producer of mining equipment, and was a management consultant at Data Resources, Inc. Mr. Wyszomierski currently serves on the board of directors of Athersys, Inc., Exelixis, Inc., Solenis, Inc. and Xoma, Ltd. He previously served on the board of directors of Unigene Laboratories, Inc. He holds an M.S. in Industrial Administration and a B.S. in Administration, Management Science and Economics from Carnegie Mellon University. Mr. Wyszomierski’s extensive executive, financial reporting and accounting experience, and his service as a director and audit committee member of other public companies, qualify him to serve on the Board. | |
Name | | | Age | | | Principal Occupation and Other Information | |
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Fred M. Diaz ![]() | | | 54 | | | Fred M. Diaz has served as one of our directors since August 2017. From April 2018 to March 2020, Mr. Diaz served as President and Chief Executive Officer of Mitsubishi Motors North America, Inc. He previously served in management roles at Nissan, most recently as Division Vice President and General Manager, North America, Trucks and Commercial Vehicles, of Nissan North America, Inc. Prior to that, Mr. Diaz served as Senior Vice President, Sales, Marketing and Operations, of Nissan USA. Before joining Nissan in 2013, Mr. Diaz spent 24 years at Chrysler Corporation, where he held a number of management roles, including President and Chief Executive Officer of Chrysler’s Ram Truck brand and President and Chief Executive Officer, Chrysler de Mexico and Latin America. Mr. Diaz is a graduate of Texas Lutheran University and holds an M.B.A. from Central Michigan University. Mr. Diaz’s extensive experience in sales, operations, marketing and management qualify him to serve on the Board. | |
Name | | | Age | | | Principal Occupation and Other Information | |
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W. Roy Dunbar ![]() | | | 58 | | | W. Roy Dunbar has served as one of our directors since March 2017. He was Chairman of the Board of Network Solutions, a technology company and web service provider, and was the Chief Executive Officer from January 2008 until October 2009. Mr. Dunbar also served as the President of Global Technology and Operations for MasterCard Incorporated from September 2004 until January 2008. Prior to MasterCard, Mr. Dunbar worked at Eli Lilly and Company for 14 years, serving as President of Intercontinental Operations, and earlier as Chief Information Officer. He currently serves on the boards of Humana and Johnson Controls International, PLC and previously served on the boards of Lexmark International and iGate. Mr. Dunbar was named to NACD Directorship 100 in 2015 and is a NACD Board Leadership Fellow. He is a graduate of Manchester University in the United Kingdom and holds an M.B.A. from Manchester Business School. Mr. Dunbar’s strong leadership skills, service as a director and Human Resources and Compensation Committee member of other public companies and deep experience across a number of functional disciplines, including the application of information technology across different business sectors, qualify him to serve on the Board. | |
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Larisa J. Drake has served as one of our directors since May 2019. Ms. Drake is currently Executive Vice President and Chief Marketing Officer at Equity Lifestyle Properties, a publicly traded real estate investment trust that | |||||||||||||
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| Director/Nominee | | | Retail | | | Finance/ Former CFO | | | Marketing & Branding | | | Manufacturing | | | Wholesale Distribution | | | CEO/ Former CEO | | | eCommerce/ Technology | | | Construction/ Building Products | | | Human Resources | | |||||||||||||||||||||||||||||||||
| Doug Black, Chairman | | | | | | | | | | | | | | | | | | | | | | | ✔ | | | | | | ✔ | | | | | | ✔ | | | | | | | | | | | | ✔ | | | | | | | | | ||||||
| Bill Douglas, Lead Director | | | | | | | | | | | ✔ | | | | | | ✔ | | | | | | ✔ | | | | | | ✔ | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
| Fred Diaz | | | | | ✔ | | | | | | | | | | | | ✔ | | | | | | ✔ | | | | | | | | | | | | ✔ | | | | | | | | | | | | | | | | | | | | | ||||||
| Larisa Drake | | | | | | | | | | | | | | | | | ✔ | | | | | | | | | | | | | | | | | | | | | | | | ✔ | | | | | | | | | | | | | | | ||||||
| Roy Dunbar | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✔ | | | | | | ✔ | | | | | | ✔ | | | | | | | | | ||||||
| Jeri Isbell | | | | | | | | | | | ✔ | | | | | | | | | | | | ✔ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✔ | | | ||||||
| Jack Wyszomierski | | | | | | | | | | | ✔ | | | | | | | | | | | | ✔ | | | | | | ✔ | | | | | | | | | | | | | | | | | | | | | | | | | | |
Director | | Audit | | Compensation | | Nominating and Corporate Governance | | | Audit | | Human Resources and Compensation | | Nominating and Corporate Governance | | ||||||||||||||||||||||||
William (Bill) W. Douglas, III | | | | ���* | | | | | | | | | | ✔ | | | | | | ✔* | | | | | | | | | | ✔ | | | ||||||
Fred M. Diaz | | | | ✔ | | | | | ✔ | | | | | | | | | | | ✔ | | | | | ✔ | | | | | | | | ||||||
W. Roy Dunbar | | | | | | | | | ✔ | | | | | | | | | | | | | | | | ✔ | | | | | | | | ||||||
Jeri L. Isbell | | | | | | | | | ✔* | | | | | ✔ | | | | | | | | | | | ✔* | | | | | ✔ | | | ||||||
Jack L. Wyszomierski | | | | ✔ | | | | | | | | | | ✔* | | | | | | ✔ | | | | | | | | | | ✔* | | | ||||||
Number of Meetings | | | | 8 | | | | | 5 | | | | | 4 | | | | | | 8 | | | | | 5 | | | | | 4 | | |
Name | | | Age | | | Present Positions | | | First Became an Officer | |
Doug Black | | | 54 | | | Chief Executive Officer, Director | | | 2014 | |
John Guthrie | | | 53 | | | Executive Vice President, Chief Financial Officer and Assistant Secretary | | | 2001 | |
Pascal Convers(1) | | | 54 | | | Executive Vice President, Strategy, Development and Investor Relations | | | 2014 | |
Ross Anker | | | 55 | | | Executive Vice President, Category Management, Marketing and IT | | | 2014 | |
Briley Brisendine | | | 48 | | | Executive Vice President, General Counsel and Secretary | | | 2015 | |
Joseph Ketter | | | 50 | | | Senior Vice President, Human Resources | | | 2015 | |
Scott Salmon | | | 51 | | | Executive Vice President of Strategy and Development | | | 2019 | |
Name | | | Age | | | Present Positions | | | First Became an Executive Officer | |
Doug Black | | | 55 | | | Chief Executive Officer, Director | | | 2014 | |
John Guthrie | | | 54 | | | Executive Vice President, Chief Financial Officer and Assistant Secretary | | | 2001 | |
Briley Brisendine | | | 49 | | | Executive Vice President, General Counsel and Secretary | | | 2015 | |
Scott Salmon | | | 52 | | | Executive Vice President of Strategy and Development | | | 2019 | |
Greg Weller | | | 37 | | | Executive Vice President of Operations | | | 2019 | |
Joseph Ketter | | | 51 | | | Executive Vice President of Human Resources | | | 2015 | |
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| | | | | ![]() | | | Recommendation of the Board | | | | | |
| | | | | The Board unanimously recommends that you vote “FOR” the ratification of the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2020. | | | | | | |||
| | | | | | | | | | | | | |
| | | 2019 | | | 2018 | | ||||||
Audit fees(1) | | | | $ | 1,410,000 | | | | | $ | 1,485,000 | | |
Audit-related fees(2) | | | | | 57,500 | | | | | | 33,952 | | |
All other fees(3) | | | | | 3,408 | | | | | | 2,695 | | |
Total Fees | | | | $ | 1,470,908 | | | | | $ | 1,521,647 | | |
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| | | | | ![]() ![]() | | | | | | | | |
| | | | | The Board unanimously recommends that you vote “FOR” the approval of the compensation of our named executive officers as presented in this Proxy Statement. | | | | | | |||
| | | | | | | | | | | | | |
| ![]() ![]() | | | Strong emphasis on performance-based compensation, with a significant portion of NEOs’ overall compensation tied to Company performance | | | ![]() ![]() | | | Human Resources and Compensation Committee, like all of the Board committees, comprised solely of independent directors | |
| ![]() ![]() | | | Aggressive annual Adjusted EBITDA targets | | | ![]() ![]() | | | Rigorous | |
| ![]() ![]() | | | Mix of short-term and long-term incentives, with performance awards representing a portion of long-term incentive pay beginning in 2019 | | | ![]() ![]() | | | | |
| ![]() ![]() | | | Annual cash incentives for NEOs limited to 250% and 150% of | | | ![]() ![]() | | | Meaningful | |
| ![]() ![]() | | | Double-trigger change-in-control cash severance benefits | | | ![]() | ||||
![]() ![]() | | | Robust clawback policy for incentive compensation paid to our executive officers | |
| ![]() ![]() | | | Discount or reprice stock options | | | ![]() ![]() | | | Allow hedging, pledging or short sales | |
| ![]() ![]() | | | Gross up excise taxes that may become due upon a change in control | | | ![]() ![]() | | | Guarantee incentive awards for executives | |
| ![]() ![]() | | | Provide incentives that encourage | | | ![]() | | | |
| Advanced Drainage Systems, Inc. | | |||
| | ||||
| Applied Industrial Technologies, Inc. | | | | |
| Beacon Roofing Supply, Inc. | | | MSC Industrial Direct Co., Inc. | |
| BMC Stock Holdings, Inc. | | | Pool Corporation | |
| Central Garden & Pet Company | | | Summit Materials, Inc. | |
| DXP Enterprises, Inc. | | | The Scotts Miracle-Gro Company | |
| Eagle Materials Inc. | | | TopBuild Corp. | |
| GMS Inc. | | | Watsco Inc. | |
| H&E Equipment Services, Inc. | | | | |
Pay Component | | | Objective of Pay Component | |
Base Salary | | | • To attract and retain a high-performing leadership team | |
Short-Term Annual Cash Incentives | | | • To reward achievement of short-term business objectives and results, such as Adjusted EBITDA, Company NPS, | |
Long-Term Equity Awards | | | • To align executive and stockholder interests, create “ownership | |
Other Benefits | | | • To provide a safety net of protection in the case of illness, disability, death or retirement, through health, disability and life insurance, 401(k) retirement plan and other employee benefits | |
| | Threshold(1) | | Target(1) | | Stretch(1) | | Actual Percentage of Target(2) | | | Threshold(1) | | Target(1) | | Maximum(1) | | Actual Percentage of Target(2) | | ||||||||||||||||||||||||||||||||
Doug Black | | | | 62.5% | | | | | 125% | | | | | 187.5% | | | | | 59% | | | | | | 62.5% | | | | | 125% | | | | | 220% | | | | | 84% | | | ||||||||
John Guthrie | | | | 30% | | | | | 60% | | | | | 90% | | | | | 67% | | | | | | 30% | | | | | 60% | | | | | 220% | | | | | 81% | | | ||||||||
Pascal Convers | | | | 30% | | | | | 60% | | | | | 90% | | | | | 74% | | | |||||||||||||||||||||||||||||
Briley Brisendine | | | | 30% | | | | | 60% | | | | | 90% | | | | | 79% | | | | | | 30% | | | | | 60% | | | | | 220% | | | | | 82% | | | ||||||||
Ross Anker | | | | 30% | | | | | 60% | | | | | 90% | | | | | 62% | | | |||||||||||||||||||||||||||||
Scott Salmon | | | | 30% | | | | | 60% | | | | | 220% | | | | | 83% | | | |||||||||||||||||||||||||||||
Greg Weller | | | | 30% | | | | | 60% | | | | | 220% | | | | | 82% | | | |||||||||||||||||||||||||||||
Ross Anker(3) | | | | 30% | | | | | 60% | | | | | 220% | | | | | 81% | | |
| | Adjusted EBITDA(1) | | Company NPS(2) | | Company Safety and Individual Performance(3) | | | Adjusted EBITDA(1) | | Company NPS(2) | | Organic Sales Growth(2) | | Strategic Performance(2) | | Safety(2) | | ||||||||||||||||||||||||||||||||
Doug Black | | | | 70% | | | | | 10% | | | | | 20% | | | | | | 70% | | | | | 10% | | | | | — | | | | | 10% | | | | | 10% | | | ||||||||
John Guthrie | | | | 70% | | | | | 10% | | | | | 20% | | | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | ||||||||
Pascal Convers | | | | 70% | | | | | 10% | | | | | 20% | | | ||||||||||||||||||||||||||||||||||
Briley Brisendine | | | | 70% | | | | | 10% | | | | | 20% | | | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | ||||||||
Scott Salmon | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | ||||||||||||||||||||||||
Greg Weller | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | ||||||||||||||||||||||||
Ross Anker | | | | 70% | | | | | 10% | | | | | 20% | | | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | |
Adjusted EBITDA(1) | | | Level of Achievement(1)(2)(3) | | | Multiple of Target Opportunity | | |||
Threshold | | | $ | | | | | 50% | | |
Target | | | $ | | | | | 100% | | |
| | $ | | | | | | | ||
Actual | | | $ | | | | | | |
Company NPS(1) | | Level of Achievement | | Multiple of “Target” Opportunity | | | Level of Achievement | | Multiple of Target Opportunity | | ||||||||||||||||
Threshold | | | | 55 | | | | | 50% | | | | | | 60 | | | | | 50% | | | ||||
Target | | | | 65 | | | | | 100% | | | | | | 71 | | | | | 100% | | | ||||
Maximum | | | | 80 | | | | | 150% | | | | | | 80 | | | | | 150% | | | ||||
Actual | | | | 69.4 | | | | | 115% | | | | | | 71.3 | | | | | 102% | | |
Organic Sales Growth(1) | | | Level of Achievement | | | Multiple of Target Opportunity | | ||||||
Threshold | | | | | 4.0% | | | | | | 50% | | |
Target | | | | | 6.0% | | | | | | 100% | | |
Maximum | | | | | 8.0% | | | | | | 150% | | |
Actual | | | | | 4.7% | | | | | | 68% | | |
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Mr. Black | | | • Improved safety metrics, Company | |
Mr. Guthrie | | | • Finance team development and strategic planning; field | |
| | |||
Mr. Brisendine | | | • | |
Mr. Salmon | | | • Acquisition growth, integration and performance | |
Mr. Weller | | | • Supply chain improvements; operational excellence and branch development | |
Mr. Anker | | | • | |
| Performance Level | | | Relative EBTA Growth | | | % Target Award | | | Performance Level | | | Avg. ROIC | | | Modifier to PSUs Earned Based on Relative EBTA Growth* | |
| <Threshold | | | <25th percentile | | | 0% | | | | | | | | | | |
| Threshold | | | 25th percentile | | | 50% | | | Below Target | | | <12% | | | -20% | |
| Target | | | 50th percentile | | | 100% | | | Target | | | 12%-20% | | | 0% | |
| Maximum | | | >=75th percentile | | | 200% | | | Above Target | | | >20% | | | +20% | |
Name | | | Number of Options Awarded | | | Number of RSUs Awarded | | | Number of PSUs Awarded | | | Targeted Fair Value for All 2019 Awards | | ||||||||||||
Doug Black | | | | | 66,873 | | | | | | 11,145 | | | | | | 11,145 | | | | | $ | 2,300,000 | | |
John Guthrie | | | | | 13,083 | | | | | | 2,180 | | | | | | 2,180 | | | | | $ | 450,000 | | |
Briley Brisendine | | | | | 13,083 | | | | | | 2,180 | | | | | | 2,180 | | | | | $ | 450,000 | | |
Scott Salmon | | | | | 26,406 | | | | | | 4,401 | | | | | | 4,401 | | | | | $ | 800,000(1) | | |
Greg Weller2 | | | | | 11,630 | | | | | | 2,423 | | | | | | 1,453 | | | | | $ | 365,000 | | |
Ross Anker3 | | | | | 13,083 | | | | | | 2,180 | | | | | | 2,180 | | | | | $ | 450,000 | | |
| | Options | | | | RSUs | | | | PSUs | | | | Fair Value for All 2019 Awards, as modified | | | ||||||||||||||||||||||||||||||
| | Original Grant | | | | Modified Grant | | | | Original Grant | | | | Modified Grant | | | | Original Grant | | | | Modified Grant | | | ||||||||||||||||||||||
| | 13,083 | | | | | | 4,569 | | | | | | | 2,180 | | | | | | | 761 | | | | | | | 2,180 | | | | | | | 1,059 | | | | | | $ | 210,287 | | | |
Position | | | Multiple | |
Chief Executive Officer | | | | |
Covered Executives | | | 2x Annual Base Salary | |
Name and Principal Position | | Year | | Salary ($)(1) | | Bonus ($) | | Option Awards ($)(2) | | Stock Awards ($)(2) | | Non-Equity Incentive Plan Compensation ($)(3) | | All Other Compensation ($)(4) | | Total ($) | | | Year | | Salary ($)(1) | | Option Awards ($)(2) | | Stock Awards ($)(2) | | Non-Equity Incentive Plan Compensation ($)(3) | | All Other Compensation ($)(4) | | Total ($)(*) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doug Black Chairman and Chief Executive Officer | | | | | 2018 | | | | | 750,000 | | | | | | | | | | 1,623,238 | | | | | 575,104 | | | | | 554,696 | | | | | 13,710 | | | | | 3,516,748 | | | | | | | 2019 | | | | | 798,462 | | | | | 1,063,281 | | | | | 1,149,941 | | | | | 1,039,631 | | | | | 16,248 | | | | | 4,067,563 | | | |||||||||||||
| | | 2017 | | | | | 741,346 | | | | | — | | | | | 1,147,647 | | | | | 374,984 | | | | | 683,438 | | | | | 13,050 | | | | | 2,960,465 | | | | | | 2018 | | | | | 750,000 | | | | | 1,623,238 | | | | | 575,104 | | | | | 554,696 | | | | | 13,710 | | | | | 3,516,748 | | | ||||||||||||||||
| | | 2016 | | | | | 695,308 | | | | | — | | | | | — | | | | | — | | | | | 875,000 | | | | | 1,272,828 | | | | | 2,843,136 | | | | | | 2017 | | | | | 741,346 | | | | | 1,147,647 | | | | | 374,984 | | | | | 683,438 | | | | | 13,050 | | | | | 2,960,465 | | | ||||||||||||||||
John Guthrie Executive Vice President and Chief Financial Officer | | | | | 2018 | | | | | 336,538 | | | | | | | | | | 324,638 | | | | | 115,021 | | | | | 135,700 | | | | | 11,195 | | | | | 923,092 | | | | | | | 2019 | | | | | 368,231 | | | | | 208,020 | | | | | 224,932 | | | | | 176,567 | | | | | 11,822 | | | | | 989,572 | | | |||||||||||||
| | | 2017 | | | | | 316,680 | | | | | — | | | | | 244,830 | | | | | 79,977 | | | | | 161,139 | | | | | 11,168 | | | | | 813,795 | | | | | | 2018 | | | | | 336,538 | | | | | 324,638 | | | | | 115,021 | | | | | 135,700 | | | | | 11,195 | | | | | 923,092 | | | ||||||||||||||||
| | | 2016 | | | | | 300,000 | | | | | — | | | | | — | | | | | — | | | | | 148,000 | | | | | 294,345 | | | | | 742,345 | | | | | | 2017 | | | | | 316,680 | | | | | 244,830 | | | | | 79,977 | | | | | 161,139 | | | | | 11,168 | | | | | 813,795 | | | ||||||||||||||||
Pascal Convers Executive Vice President, Strategy & Development | | | | | 2018 | | | | | 368,269 | | | | | | | | | | 324,638 | | | | | 115,021 | | | | | 163,686 | | | | | 12,817 | | | | | 984,431 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 353,077 | | | | | — | | | | | 244,830 | | | | | 79,977 | | | | | 181,281 | | | | | 34,028 | | | | | 893,194 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 318,308 | | | | | — | | | | | — | | | | | — | | | | | 172,000 | | | | | 334,691 | | | | | 824,999 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Briley Brisendine Executive Vice President, General Counsel & Secretary | | | | | 2018 | | | | | 378,269 | | | | | | | | | | 324,638 | | | | | 115,021 | | | | | 179,479 | | | | | 11,270 | | | | | 1,008,677 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 368,269 | | | | | — | | | | | 244,830 | | | | | 79,977 | | | | | 197,417 | | | | | 11,257 | | | | | 901,751 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 358,462 | | | | | — | | | | | 302,835 | | | | | — | | | | | 194,000 | | | | | 10,600 | | | | | 865,897 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Ross Anker Executive Vice President, Category Management, Marketing and IT | | | | | 2018 | | | | | 378,269 | | | | | | | | | | 324,638 | | | | | 115,021 | | | | | 139,760 | | | | | 11,270 | | | | | 968,958 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 366,538 | | | | | — | | | | | 244,830 | | | | | 79,977 | | | | | 189,092 | | | | | 11,257 | | | | | 891,695 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 350,000 | | | | | — | | | | | — | | | | | — | | | | | 224,000 | | | | | 11,347 | | | | | 585,347 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Briley Brisendine Executive Vice President, General Counsel and Secretary | | | | | 2019 | | | | | 408,539 | | | | | 208,020 | | | | | 224,932 | | | | | 198,963 | | | | | 11,890 | | | | | 1,052,344 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 378,269 | | | | | 324,638 | | | | | 115,021 | | | | | 179,479 | | | | | 11,270 | | | | | 1,008,677 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 368,269 | | | | | 244,830 | | | | | 79,977 | | | | | 197,417 | | | | | 11,257 | | | | | 901,751 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Scott Salmon(5) Executive Vice President, Strategy and Development | | | | 2019 | | | | | 285,385 | | | | | 423,288 | | | | | 459,993 | | | | | 137,705 | | | | | 10,968 | | | | | 1,317,339 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Greg Weller(6) Senior Vice President Operations | | | | 2019 | | | | | 311,923 | | | | | 196,258 | | | | | 214,038 | | | | | 151,722 | | | | | 16,006 | | | | | 889,947 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ross Anker(7) Former Executive Vice President, Category Management, Marketing and IT | | | | | 2019 | | | | | 414,267 | | | | | 2,641,858(7) | | | | | 313,252(7) | | | | | 95,170 | | | | | 11,529 | | | | | 3,476,077(7) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 378,269 | | | | | 324,638 | | | | | 115,021 | | | | | 139,760 | | | | | 11,270 | | | | | 968,958 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 366,538 | | | | | 244,830 | | | | | 79,977 | | | | | 189,092 | | | | | 11,257 | | | | | 891,695 | | |
| | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | All Other Option Awards: Number of Securities Underlying Options (#)(3) | | | All Other Stock Awards: Number of Securities Underlying Options (#)(4) | | | Exercise or Base Price of Option Awards ($) | | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | |||||||||||||||||||||||||||
Name | | | Grant Date | | | Threshold ($) | | | Target ($) | | | Maximum ($)(2) | | ||||||||||||||||||||||||||||||||||||
Doug Black | | | | | | | | | | | 468,750 | | | | | | 937,500 | | | | | | 2,062,500 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | 67,187 | | | | | | | | | | | | 77.04 | | | | | | 1,623,238 | | | ||
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7,465 | | | | | | | | | | | | 575,104 | | | ||
John Guthrie | | | | | | | | | | | 100,901 | | | | | | 201,923 | | | | | | 444,230 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | 13,437 | | | | | | | | | | | | 77.04 | | | | | | 324,638 | | | ||
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,493 | | | | | | | | | | | | 115,021 | | | ||
Pascal Convers | | | | | | | | | | | 110,481 | | | | | | 220,961 | | | | | | 486,115 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | 13,437 | | | | | | | | | | | | 77.04 | | | | | | 324,638 | | | ||
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,493 | | | | | | | | | | | | 115,021 | | | ||
Briley Brisendine | | | | | | | | | | | 113,481 | | | | | | 226,961 | | | | | | 499,315 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | 13,437 | | | | | | | | | | | | 77.04 | | | | | | 324,638 | | | ||
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,493 | | | | | | | | | | | | 115,021 | | | ||
Ross Anker | | | | | | | | | | | 113,481 | | | | | | 226,961 | | | | | | 499,315 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | 13,437 | | | | | | | | | | | | 77.04 | | | | | | 324,638 | | | ||
| | | 2/14/18 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,493 | | | | | | | | | | | | 115,021 | | |
| | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(3) | | | All Other Option Awards: Number of Securities Underlying Options (#)(4) | | | All Other Stock Awards: Number of Securities Underlying Awards (#)(5) | | | Exercise or Base Price of Awards ($) | | | Grant Date Fair Value of Stock and Option Awards ($)(6) | | ||||||||||||||||||||||||||||||||||||||||||
Name | | | Grant Date | | | Threshold ($) | | | Target ($) | | | Maximum ($)(2) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | |||||||||||||||||||||||||||||||||||||||||||||
Doug Black | | | | | — | | | | | | 495,591 | | | | | | 989,183 | | | | | | 2,176,203 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,145 | | | | | | 22,290 | | | | | | — | | | | | | — | | | | | | — | | | | | | 574,971 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 66,873 | | | | | | — | | | | | | 51.59 | | | | | | 1,063,281 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,145 | | | | | | — | | | | | | 574,971 | | | ||
John Guthrie | | | | | — | | | | | | 109,442 | | | | | | 218,884 | | | | | | 481,545 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | 4,360 | | | | | | — | | | | | | — | | | | | | — | | | | | | 112,466 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,083 | | | | | | — | | | | | | 51.59 | | | | | | 208,020 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | — | | | | | | 112,466 | | | ||
Briley Brisendine | | | | | — | | | | | | 121,442 | | | | | | 242,885 | | | | | | 534,347 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | 4,360 | | | | | | — | | | | | | — | | | | | | — | | | | | | 112,466 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,083 | | | | | | — | | | | | | 51.59 | | | | | | 208,020 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | — | | | | | | 112,466 | | | ||
Scott Salmon | | | | | | | | | | | 82,789 | | | | | | 165,557 | | | | | | 364,270 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 3/11/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,401 | | | | | | 8,802 | | | | | | | | | | | | — | | | | | | — | | | | | | 229,996 | | | ||
| | | 3/11/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,406 | | | | | | — | | | | | | 52.26 | | | | | | 423,288 | | | ||
| | | 3/11/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | ��� | | | | | | 4,401 | | | | | | — | | | | | | 229,996 | | | ||
Greg Weller | | | | | — | | | | | | 92,608 | | | | | | 185,215 | | | | | | 407,473 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 5/15/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,908 | | | | | | — | | | | | | 66.10 | | | | | | 57,578 | | | ||
| | | 5/15/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 970 | | | | | | — | | | | | | 64,117 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,453 | | | | | | 2,906 | | | | | | — | | | | | | — | | | | | | — | | | | | | 74,960 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,722 | | | | | | — | | | | | | 51.59 | | | | | | 138,680 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,453 | | | | | | — | | | | | | 74,960 | | | ||
Ross Anker(7) | | | | | — | | | | | | 117,000 | | | | | | 234,000 | | | | | | 514,800 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 6/30/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,522,158(8) | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | 4,360 | | | | | | — | | | | | | — | | | | | | — | | | | | | 112,466 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,083 | | | | | | — | | | | | | 51.59 | | | | | | 208,020 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | — | | | | | | 112,466 | | |
Performance Level | | | Relative EBTA Growth | | | % Target Award | | | Performance Level | | | Avg. ROIC | | | Modifier to PSUs Earned Based on Relative EBTA Growth* | |
Maximum | | | >=75th percentile | | | 200% | | | Above Target | | | >20% | | | +20% | |
Target | | | 50th percentile | | | 100% | | | Target | | | 12%-20% | | | 0% | |
Threshold | | | 25th percentile | | | 50% | | | Below Target | | | <12% | | | -20% | |
<Threshold | | | <25th percentile | | | 0% | | | | | | | | | | |
| | | | | | | | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||||||||||
Name | | | Grant Date | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | | Option Exercise Price ($)(3) | | | Option Expiration Date | | | Number of RSUs that have not Vested (#)(4) | | | Market Value of RSUs that have not Vested ($)(5) | | |||||||||||||||||||||
Doug Black | | | | | 02/14/18 | | | | | | — | | | | | | 67,187(1) | | | | | | 77.04 | | | | | | 02/14/28 | | | | | | 7,465 | | | | | | 414,979 | | |
| | | 02/17/17 | | | | | | 21,785 | | | | | | 65,356(1) | | | | | | 38.73 | | | | | | 02/17/27 | | | | | | 7,261 | | | | | | 403,639 | | | ||
| | | 05/19/14 | | | | | | 809,448 | | | | | | — | | | | | | 5.50 | | | | | | 05/19/24 | | | | | | — | | | | | | — | | | ||
John Guthrie | | | | | 02/14/18 | | | | | | — | | | | | | 13,437(1) | | | | | | 77.04 | | | | | | 02/14/28 | | | | | | 1,493 | | | | | | 82,996 | | |
| | | 02/17/17 | | | | | | 4,648 | | | | | | 13,942(1) | | | | | | 38.73 | | | | | | 02/17/27 | | | | | | 1,549 | | | | | | 86,109 | | | ||
| | | 09/30/14 | | | | | | 58,212 | | | | | | — | | | | | | 5.50 | | | | | | 09/30/24 | | | | | | — | | | | | | — | | | ||
| | | 05/19/14 | | | | | | 20,912 | | | | | | — | | | | | | 5.50 | | | | | | 05/19/24 | | | | | | — | | | | | | — | | | ||
Pascal Convers | | | | | 02/14/18 | | | | | | — | | | | | | 13,437(1) | | | | | | 77.04 | | | | | | 02/14/28 | | | | | | 1,493 | | | | | | 82,996 | | |
| | | 02/17/17 | | | | | | 4,648 | | | | | | 13,942(1) | | | | | | 38.73 | | | | | | 02/17/27 | | | | | | 1,549 | | | | | | 86,109 | | | ||
| | | 09/30/14 | | | | | | 62,125 | | | | | | — | | | | | | 5.50 | | | | | | 09/30/24 | | | | | | — | | | | | | — | | | ||
Briley Brisendine | | | | | 02/14/18 | | | | | | — | | | | | | 13,437(1) | | | | | | 77.04 | | | | | | 02/14/28 | | | | | | 1,493 | | | | | | 82,996 | | |
| | | 02/17/17 | | | | | | 4,648 | | | | | | 13,942(1) | | | | | | 38.73 | | | | | | 02/17/27 | | | | | | 1,549 | | | | | | 86,109 | | | ||
| | | 05/12/16 | | | | | | 17,500(1) | | | | | | 17,500(1) | | | | | | 26.67 | | | | | | 05/12/26 | | | | | | — | | | | | | — | | | ||
| | | 09/08/15 | | | | | | 52,081(2) | | | | | | 34,854(2) | | | | | | 12.84 | | | | | | 09/08/25 | | | | | | — | | | | | | — | | | ||
Ross Anker | | | | | 02/14/18 | | | | | | — | | | | | | 13,437(1) | | | | | | 77.04 | | | | | | 02/14/28 | | | | | | 1,493 | | | | | | 82,996 | | |
| | | 02/17/17 | | | | | | 2,827 | | | | | | 13,942(1) | | | | | | 38.73 | | | | | | 02/17/27 | | | | | | 1,549 | | | | | | 86,109 | | | ||
| | | 01/09/15 | | | | | | — | | | | | | 83,650(2) | | | | | | 7.07 | | | | | | 01/09/25 | | | | | | — | | | | | | — | | |
| | | | | | | | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||
Name | | | Grant Date | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | | Option Exercise Price ($)(3) | | | Option Expiration Date | | | Number of RSUs that have not Vested (#)(4) | | | Market Value of RSUs that have not Vested ($)(5) | | | Equity Incentive Plan Awards: # of Unearned Shares, Units or Other Rights that have not vested (#)(6) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that have not vested ($)(5) | | |||||||||||||||||||||||||||
Doug Black | | | | | 02/06/19 | | | | | | 0 | | | | | | 66,873 | | | | | | 51.59 | | | | | | 02/06/29 | | | | | | 11,145 | | | | | | 1,008,177 | | | | | | 11,145 | | | | | | 1,008,177 | | |
| | | 02/14/18 | | | | | | 16,797 | | | | | | 50,390 | | | | | | 77.04 | | | | | | 02/14/28 | | | | | | 5,599 | | | | | | 506,486 | | | | | | — | | | | | | — | | | ||
| | | 02/17/17 | | | | | | 43,571 | | | | | | 43,570 | | | | | | 38.73 | | | | | | 02/17/27 | | | | | | 4,841 | | | | | | 437,917 | | | | | | — | | | | | | — | | | ||
| | | 05/19/14 | | | | | | 747,448 | | | | | | 0 | | | | | | 5.50 | | | | | | 05/19/24 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
John Guthrie | | | | | 02/06/19 | | | | | | 0 | | | | | | 13,083 | | | | | | 51.59 | | | | | | 02/06/29 | | | | | | 2,180 | | | | | | 197,203 | | | | | | 2,180 | | | | | | 197,203 | | |
| | | 02/14/18 | | | | | | 3,359 | | | | | | 10,078 | | | | | | 77.04 | | | | | | 02/14/28 | | | | | | 1,120 | | | | | | 101,315 | | | | | | — | | | | | | — | | | ||
| | | 02/17/17 | | | | | | 4,295 | | | | | | 9,295 | | | | | | 38.73 | | | | | | 02/17/27 | | | | | | 1,032 | | | | | | 93,355 | | | | | | — | | | | | | — | | | ||
| | | 09/30/14 | | | | | | 20,000 | | | | | | 0 | | | | | | 5.50 | | | | | | 09/30/24 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Briley Brisendine | | | | | 02/06/19 | | | | | | 0 | | | | | | 13,083 | | | | | | 51.59 | | | | | | 02/06/29 | | | | | | 2,180 | | | | | | 197,203 | | | | | | 2,180 | | | | | | 197,203 | | |
| | | 02/14/18 | | | | | | 3,359 | | | | | | 10,078 | | | | | | 77.04 | | | | | | 02/14/28 | | | | | | 1,120 | | | | | | 101,315 | | | | | | — | | | | | | — | | | ||
| | | 02/17/17 | | | | | | 9,295 | | | | | | 9,295 | | | | | | 38.73 | | | | | | 02/17/27 | | | | | | 1,032 | | | | | | 93,355 | | | | | | — | | | | | | — | | | ||
| | | 05/12/16 | | | | | | 26,250 | | | | | | 8,750 | | | | | | 26.67 | | | | | | 05/12/26 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | 09/08/15 | | | | | | 20,308 | | | | | | 17,427 | | | | | | 12.84 | | | | | | 09/08/25 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Scott Salmon | | | | | 3/11/2019 | | | | | | 0 | | | | | | 26,406 | | | | | | 52.26 | | | | | | 3/11/29 | | | | | | 4,401 | | | | | | 398,114 | | | | | | 4,401 | | | | | | 398,114 | | |
Greg Weller | | | | | 5/15/2019 | | | | | | 0 | | | | | | 2,908 | | | | | | 66.10 | | | | | | 5/15/29 | | | | | | 970 | | | | | | 87,746 | | | | | | — | | | | | | — | | |
| | | 2/6/2019 | | | | | | 0 | | | | | | 8,722 | | | | | | 51.59 | | | | | | 2/06/29 | | | | | | 1,453 | | | | | | 131,438 | | | | | | 1,453 | | | | | | 131,438 | | | ||
| | | 2/14/2018 | | | | | | 2,188 | | | | | | 6,563 | | | | | | 77.04 | | | | | | 2/14/28 | | | | | | 729 | | | | | | 65,945 | | | | | | — | | | | | | — | | | ||
| | | 2/17/2017 | | | | | | 3,683 | | | | | | 4,183 | | | | | | 38.73 | | | | | | 2/17/27 | | | | | | 464 | | | | | | 41,973 | | | | | | — | | | | | | — | | | ||
| | | 4/15/2015 | | | | | | 7,284 | | | | | | 9,294 | | | | | | 8.02 | | | | | | 4/15/25 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Ross Anker | | | | | 02/06/19 | | | | | | 0 | | | | | | 4,569 | | | | | | 51.59 | | | | | | 9/30/20 | | | | | | 761 | | | | | | 68,840 | | | | | | 1,059 | | | | | | 95,797 | | |
| | | 02/14/18 | | | | | | 3,359 | | | | | | 4,619 | | | | | | 77.04 | | | | | | 9/30/20 | | | | | | 513 | | | | | | 46,406 | | | | | | — | | | | | | — | | | ||
| | | 02/17/17 | | | | | | 0 | | | | | | 6,353 | | | | | | 38.73 | | | | | | 9/30/20 | | | | | | 706 | | | | | | 63,865 | | | | | | — | | | | | | — | | | ||
| | | 01/09/15 | | | | | | 0 | | | | | | 41,825 | | | | | | 7.07 | | | | | | 9/30/20 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | Option Awards | | | Stock Awards | | ||||||||||||||||||
Name | | | Number of shares acquired on exercise (#) | | | Value realized on exercise ($)(1) | | | Number of shares acquired on vesting (#) | | | Value realized on vesting ($)(2) | | ||||||||||||
Doug Black | | | | | 62,000 | | | | | | 5,270,663 | | | | | | 4,286 | | | | | | 233,903 | | |
John Guthrie | | | | | 64,124 | | | | | | 4,557,208 | | | | | | 890 | | | | | | 48,587 | | |
Briley Brisendine | | | | | 46,500 | | | | | | 3,127,667 | | | | | | 890 | | | | | | 48,587 | | |
Scott Salmon | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Greg Weller | | | | | 5,250 | | | | | | 390,015 | | | | | | 476 | | | | | | 25,936 | | |
Ross Anker | | | | | 49,299 | | | | | | 2,639,216 | | | | | | 890 | | | | | | 48,587 | | |
| | Without Cause/ For Good Reason (No CIC) ($) | | Without Cause/ For Good Reason (In connection with CIC) ($) | | Death/Disability ($) | | Retirement ($)(4) | | CIC (No Termination) ($) | | | Without Cause/ For Good Reason (No CIC)($) | | Without Cause/ For Good Reason (In connection with CIC)($) | | Death/Disability ($) | | Retirement ($)(4) | | CIC (No Termination) ($)(5) | | ||||||||||||||||||||||||||||||||||||||||
Doug Black(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Severance Pay (base salary and bonus components)(1) | | | | 1,125,000 | | | | | 1,125,000 | | | | | — | | | | | — | | | | | — | | | | | | 1,197,693 | | | | | 1,197,693 | | | | | — | | | | | — | | | | | — | | | ||||||||||
Employer-Paid COBRA(2) | | | | 31,602 | | | | | 31,602 | | | | | 31,602 | | | | | — | | | | | — | | | | | | 34,076 | | | | | 34,076 | | | | | 34,076 | | | | | — | | | | | — | | | ||||||||||
Value of Equity Award Acceleration(3) | | | | 495,089 | | | | | 1,920,521 | | | | | 1,920,521 | | | | | — | | | | | 1,920,521 | | | | | | 2,646,463 | | | | | 8,490,219 | | | | | 7,818,101 | | | | | — | | | | | 8,490,219 | | | ||||||||||
Total | | | | 1,651,691 | | | | | 3,077,122 | | | | | 1,952,122 | | | | | — | | | | | 1,920,521 | | | | | | 3,878,232 | | | | | 9,721,988 | | | | | 7,852,177 | | | | | — | | | | | 8,490,219 | | | ||||||||||
John Guthrie(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Severance Pay (base salary and bonus components)(1) | | | | 510,000 | | | | | 510,000 | | | | | — | | | | | — | | | | | — | | | | | | 552,346 | | | | | 552,346 | | | | | — | | | | | — | | | | | — | | | ||||||||||
Employer-Paid COBRA(2) | | | | 31,602 | | | | | 31,602 | | | | | 31,602 | | | | | — | | | | | — | | | | | | 34,076 | | | | | 34,076 | | | | | 34,076 | | | | | — | | | | | — | | | ||||||||||
Value of Equity Award Acceleration(3) | | | | 104,423 | | | | | 404,167 | | | | | 404,167 | | | | | — | | | | | 404,167 | | | | | | 538,833 | | | | | 1,713,711 | | | | | 1,582,243 | | | | | — | | | | | 1,713,711 | | | ||||||||||
Total | | | | 646,025 | | | | | 945,769 | | | | | 435,769 | | | | | — | | | | | 404,167 | | | | | | 1,125,255 | | | | | 2,300,133 | | | | | 1,616,319 | | | | | — | | | | | 1,713,711 | | | ||||||||||
Pascal Convers(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Severance Pay (base salary and bonus components)(1) | | | | 555,000 | | | | | 555,000 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||
Employer-Paid COBRA(2) | | | | 10,244 | | | | | 10,244 | | | | | 10,244 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||
Value of Equity Award Acceleration(3) | | | | 104,423 | | | | | 404,167 | | | | | 404,167 | | | | | — | | | | | 404,167 | | | ||||||||||||||||||||||||||||||||||||
Total | | | | 669,667 | | | | | 969,411 | | | | | 414,411 | | | | | — | | | | | 404,167 | | | ||||||||||||||||||||||||||||||||||||
Briley Brisendine(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Severance Pay (base salary and bonus components)(1) | | | | 570,000 | | | | | 570,000 | | | | | — | | | | | — | | | | | — | | | | | | 612,808 | | | | | 612,808 | | | | | — | | | | | — | | | | | — | | | ||||||||||
Employer-Paid COBRA(2) | | | | 31,602 | | | | | 31,602 | | | | | 31,602 | | | | | — | | | | | — | | | | | | 34,076 | | | | | 34,076 | | | | | 34,076 | | | | | — | | | | | — | | | ||||||||||
Value of Equity Award Acceleration(3) | | | | 265,276 | | | | | 2,400,275 | | | | | 1,972,033 | | | | | — | | | | | 2,400,275 | | | | | | 893,007 | | | | | 3,624,635 | | | | | 3,288,273 | | | | | — | | | | | 3,624,635 | | | ||||||||||
Total | | | | 866,878 | | | | | 3,001,877 | | | | | 2,003,634 | | | | | — | | | | | 2,400,275 | | | | | | 1,539,891 | | | | | 4,271,519 | | | | | 3,322,349 | | | | | — | | | | | 3,624,635 | | | ||||||||||
Ross Anker(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Scott Salmon(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Severance Pay (base salary and bonus components)(1) | | | | 570,000 | | | | | 570,000 | | | | | — | | | | | — | | | | | — | | | | | | 428,077 | | | | | 428,077 | | | | | — | | | | | — | | | | | — | | | ||||||||||
Employer-Paid COBRA(2) | | | | 18,942 | | | | | 18,942 | | | | | 18,942 | | | | | — | | | | | — | | | | | | 22,704 | | | | | 22,704 | | | | | 22,704 | | | | | — | | | | | — | | | ||||||||||
Value of Equity Award Acceleration(3) | | | | 104,423 | | | | | 4,462,865 | | | | | 4,462,865 | | | | | — | | | | | 4,462,865 | | | | | | 415,041 | | | | | 1,804,938 | | | | | 1,539,528 | | | | | — | | | | | 1,804,938 | | | ||||||||||
Total | | | | 693,365 | | | | | 5,051,807 | | | | | 4,481,807 | | | | | — | | | | | 4,462,865 | | | | | | 865,822 | | | | | 2,255,719 | | | | | 1,562,233 | | | | | — | | | | | 1,804,938 | | | ||||||||||
Greg Weller(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Severance Pay (base salary and bonus components)(1) | | | | 467,885 | | | | | 467,885 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||
Employer-Paid COBRA(2) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||
Value of Equity Award Acceleration(3) | | | | 329,780 | | | | | 1,939,192 | | | | | 1,851,566 | | | | | — | | | | | 1,939,192 | | | ||||||||||||||||||||||||||||||||||||
Total | | | | 797,665 | | | | | 2,407,077 | | | | | 1,851,566 | | | | | — | | | | | 1,939,192 | | | ||||||||||||||||||||||||||||||||||||
Ross Anker(6) | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Severance Pay (base salary and bonus components) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||
Employer-Paid COBRA | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||
Value of Equity Award Acceleration(6) | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,330,919 | | | ||||||||||||||||||||||||||||||||||||
Total | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,330,919 | | |
| | Annual Retainer | | | Annual Retainer | | ||||||||
Board: | | | | | | | | | | | | | ||
All non-employee members | | | $ | 60,000 | | | | | $ | 65,000 | | | ||
Lead Director | | | $ | 35,000 | | | | | $ | 35,000 | | | ||
Audit Committee: | | | | | | | | | | | | | ||
Chair | | | $ | 25,000 | | | | | $ | 32,500 | | | ||
Non-Chair members | | | $ | 12,500 | | | | | $ | 12,500 | | | ||
Compensation Committee: | | | | | | | ||||||||
Human Resources and Compensation Committee: | | | | | | | ||||||||
Chair | | | $ | 20,000 | | | | | $ | 25,000 | | | ||
Non-Chair members | | | $ | 10,000 | | | | | $ | 10,000 | | | ||
Nominating and Corporate Governance Committee: | | | | | | | | | | | | | ||
Chair | | | $ | 15,000 | | | | | $ | 17,500 | | | ||
Non-Chair members | | | $ | 7,500 | | | | | $ | 7,500 | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(3) | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(2) | | Total ($) | | ||||||||||||||||||||||||
Fred Diaz | | | | —(2) | | | | | 151,807 | | | | | 151,807 | | | | | | —(1) | | | | | 190,646 | | | | | 190,646 | | | ||||||
William W. Douglas III | | | | 123,764 | | | | | 90,000 | | | | | 213,764 | | | | | | 135,364 | | | | | 105,000 | | | | | 240,364 | | | ||||||
W. Roy Dunbar | | | | 66,264 | | | | | 90,000 | | | | | 156,264 | | | | | | 73,146 | | | | | 105,000 | | | | | 178,146 | | | ||||||
Michael J. Grebe(1) | | | | 67,106 | | | | | 90,000 | | | | | 157,106 | | | ||||||||||||||||||||||
Jeri L. Isbell | | | | 83,764 | | | | | 90,000 | | | | | 173,764 | | | | | | 93,791 | | | | | 105,000 | | | | | 198,791 | | | ||||||
Paul S. Pressler(1) | | | | — | | | | | 18,750 | | | | | 18,750 | | | ||||||||||||||||||||||
Jack L. Wyszomierski | | | | 83,764 | | | | | 90,000 | | | | | 173,764 | | | | | | 92,218 | | | | | 105,000 | | | | | 197,218 | | | ||||||
Larisa Drake | | | | 40,893 | | | | | 105,000 | | | | | 145,893 | | |
Position | | | Multiple | |
Non-Employee Director | | | 5x Annual Cash Retainer | |
Plan Category | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights(1) | | | Weighted Average Exercise Price of Outstanding Options ($) | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in first column) | | |||||||||
Equity compensation plans approved by stockholders | | | | | 2,574,457 | | | | | | 20.87 | | | | | | 1,068,528 | | |
Equity compensation plans not approved by stockholders | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 2,574,457 | | | | | | 20.87 | | | | | | 1,068,528 | | |
Plan Category | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights(1) | | | Weighted Average Exercise Price of Outstanding Options ($) | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in first column) | | |||||||||
Equity compensation plans approved by stockholders | | | | | | | | | | | | | | | | | | | |
Equity compensation plans not approved by stockholders | | | | | 2,208,529 | | | | | $ | 26.67 | | | | | | 753,375 | | |
| | | 2019 | | | 2018 | | | 2017 | | | 3-Year Average | | ||||||||||||
Stock Options Granted | | | | | 297,421 | | | | | | 289,232 | | | | | | 400,145 | | | | | | — | | |
Stock-Settled Time-Vested Restricted Shares/Units Granted | | | | | 115,601 | | | | | | 51,462 | | | | | | 68,669 | | | | | | — | | |
Stock-Settled Performance-Based Shares/Units Granted(1) | | | | | 29,836 | | | | | | 0 | | | | | | 0 | | | | | | — | | |
Weighted-Average Basic Common Shares Outstanding | | | | | 41,218,843 | | | | | | 40,488,196 | | | | | | 39,754,595 | | | | | | — | | |
Share Usage Rate | | | | | 1.07% | | | | | | 0.84% | | | | | | 1.18% | | | | | | 1.03% | | |
| Stock Options Outstanding | | | | | 1,878,318 | | |
| Weighted-Average Exercise Price of Outstanding Stock Options/SARs | | | | $ | 32.52 | | |
| Weighted-Average Remaining Term of Outstanding Stock Options/SARS | | | | | 6.11 | | |
| Total Stock-Settled Full-Value Awards Outstanding | | | | | 252,522 | | |
| Proposed share reserve under the 2020 Omnibus Plan* | | | | | 2,158,548 | | |
| Basic common shares outstanding as of the record date (March 17, 2020) | | | | | 41,857,684 | | |
| | | | | | | | | | | | | |
| | | | | ![]() ![]() | | | | | | | | |
| | | | | The Board unanimously recommends that you vote “FOR” | | | | | | |||
| | | | | | | | | | | | | |
| | | 2018 | | | 2017 | | ||||||
Audit fees(1) | | | | $ | 1,485,000 | | | | | $ | 1,468,800 | | |
Audit-related fees(2) | | | | | 33,952 | | | | | | 213,000 | | |
Tax fees(3) | | | | | — | | | | | | — | | |
All other fees(4) | | | | | 2,695 | | | | | | 2,695 | | |
Total Fees | | | | $ | 1,521,647 | | | | | $ | 1,684,495 | | |
Name of Beneficial Owner | | | Shares Beneficially Owned | | | Percent | | ||||||
The Vanguard Group(1) | | | | | 3,631,871 | | | | | | 8.9% | | |
T. Rowe Price Associates, Inc.(2) | | | | | 3,126,971 | | | | | | 7.6% | | |
Wells Fargo & Company(3) | | | | | 2,986,582 | | | | | | 7.3% | | |
BlackRock Inc.(4) | | | | | 2,834,880 | | | | | | 6.9% | | |
Baillie Gifford & Co(5) | | | | | 2,602,828 | | | | | | 6.4% | | |
Kayne Anderson Rudnick Investment Management LLC(6) | | | | | 2,523,511 | | | | | | 6.2% | | |
W. Roy Dunbar(7) | | | | | 3,172 | | | | | | * | | |
Fred M. Diaz(7) | | | | | 3,481 | | | | | | * | | |
William W. Douglas, III(7) | | | | | 10,621 | | | | | | * | | |
Jeri L. Isbell(7) | | | | | 4,129 | | | | | | * | | |
Jack L. Wyszomierski(7) | | | | | 10,621 | | | | | | * | | |
Doug Black(8) | | | | | 1,259,000 | | | | | | 3.1% | | |
John Guthrie(8) | | | | | 110,562 | | | | | | * | | |
Pascal Convers(8) | | | | | 46,121 | | | | | | * | | |
Briley Brisendine(8) | | | | | 103,721 | | | | | | * | | |
Ross Anker(8) | | | | | 81,550 | | | | | | * | | |
All current directors and executive officers as a group (12 persons)(8) | | | | | 1,666,557 | | | | | | 4.1% | | |
Name of Beneficial Owner | | | Shares Beneficially Owned | | | Percent | | ||||||
Baillie Gifford & Co.(1) | | | | | 3,817,917 | | | | | | 9.2% | | |
T. Rowe Price Associates, Inc.(2) | | | | | 3,623,301 | | | | | | 8.7% | | |
The Vanguard Group(3) | | | | | 3,764,650 | | | | | | 9.1% | | |
BlackRock Inc.(4) | | | | | 2,895,370 | | | | | | 7.0% | | |
W. Roy Dunbar(5) | | | | | 4,761 | | | | | | * | | |
Fred M. Diaz(5) | | | | | 6,280 | | | | | | * | | |
William W. Douglas, III(5) | | | | | 12,210 | | | | | | * | | |
Jeri L. Isbell(5) | | | | | 5,718 | | | | | | * | | |
Jack L. Wyszomierski(5) | | | | | 12,210 | | | | | | * | | |
Larisa Drake (5) | | | | | 1,589 | | | | | | * | | |
Doug Black(6) | | | | | 1,208,452 | | | | | | 2.89% | | |
John Guthrie(6) | | | | | 24,325 | | | | | | * | | |
Briley Brisendine(6) | | | | | 94,399 | | | | | | * | | |
Scott Salmon(6) | | | | | 7,369 | | | | | | * | | |
Greg Weller(6) | | | | | 27,932 | | | | | | * | | |
All current directors and executive officers as a group (12 persons)(6) | | | | | 1,462,158 | | | | | | 3.49% | | |
| | | | 2018 Fiscal Year | | | | 2017 Fiscal Year | | | | | 2019 Fiscal Year | | | | 2018 Fiscal Year | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(In millions, unaudited) | | | | Year | | | | Qtr 4 | | Qtr 3 | | Qtr 2 | | Qtr 1 | | | | Year | | | | Qtr 4 | | Qtr 3 | | Qtr 2 | | Qtr 1 | | | | | Year | | | | Qtr 4 | | Qtr 3 | | Qtr 2 | | Qtr 1 | | | | Year | | | | Qtr 4 | | Qtr 3 | | Qtr 2 | | Qtr 1 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reported Net income (loss) | | | | | $ | 73.9 | | | | | | $ | (2.1) | | | | $ | 29.9 | | | | $ | 63.1 | | | | $ | (17.0) | | | | | | $ | 54.6 | | | | | | $ | 4.0 | | | | $ | 16.9 | | | | $ | 44.2 | | | | $ | (10.5) | | | | | | | $ | 77.7 | | | | | | $ | 2.5 | | | | $ | 34.6 | | | | $ | 64.7 | | | | $ | (24.1) | | | | | | $ | 73.9 | | | | | | $ | (2.1) | | | | $ | 29.9 | | | | $ | 63.1 | | | | $ | (17.0) | | | ||||||||||||
Income tax (benefit) expense | | | | | | 1.3 | | | | | | | (5.6) | | | | | 2.4 | | | | | 14.7 | | | | | (10.2) | | | | | | | 18.0 | | | | | | | (11.4) | | | | | 10.7 | | | | | 26.3 | | | | | (7.6) | | | | | | | | 13.8 | | | | | | | (5.6) | | | | | 9.7 | | | | | 19.3 | | | | | (9.6) | | | | | | | 1.3 | | | | | | | (5.6) | | | | | 2.4 | | | | | 14.7 | | | | | (10.2) | | | ||||||||||||
Interest expense, net | | | | | | 32.1 | | | | | | | 8.3 | | | | | 9.2 | | | | | 8.0 | | | | | 6.6 | | | | | | | 25.2 | | | | | | | 6.2 | | | | | 6.2 | | | | | 6.6 | | | | | 6.2 | | | | | | | | 33.4 | | | | | | | 7.5 | | | | | 8.2 | | | | | 8.7 | | | | | 9.0 | | | | | | | 32.1 | | | | | | | 8.3 | | | | | 9.2 | | | | | 8.0 | | | | | 6.6 | | | ||||||||||||
Depreciation & amortization | | | | | | 52.3 | | | | | | | 14.0 | | | | | 14.1 | | | | | 12.5 | | | | | 11.7 | | | | | | | 43.1 | | | | | | | 11.4 | | | | | 11.1 | | | | | 10.8 | | | | | 9.8 | | | | | | | | 59.5 | | | | | | | 14.8 | | | | | 14.6 | | | | | 14.7 | | | | | 15.4 | | | | | | | 52.3 | | | | | | | 14.0 | | | | | 14.1 | | | | | 12.5 | | | | | 11.7 | | | ||||||||||||
EBITDA | | | | | | 159.6 | | | | | | | 14.6 | | | | | 55.6 | | | | | 98.3 | | | | | (8.9) | | | | | | | 140.9 | | | | | | | 10.2 | | | | | 44.9 | | | | | 87.9 | | | | | (2.1) | | | | | | | | 184.4 | | | | | | | 19.2 | | | | | 67.1 | | | | | 107.4 | | | | | (9.3) | | | | | | | 159.6 | | | | | | | 14.6 | | | | | 55.6 | | | | | 98.3 | | | | | (8.9) | | | ||||||||||||
Stock-based compensation(a) | | | | | | 7.9 | | | | | | | 1.8 | | | | | 1.9 | | | | | 2.1 | | | | | 2.1 | | | | | | | 5.9 | | | | | | | 1.4 | | | | | 1.5 | | | | | 1.6 | | | | | 1.4 | | | | | | | | 11.7 | | | | | | | 2.0 | | | | | 2.5 | | | | | 5.4 | | | | | 1.8 | | | | | | | 7.9 | | | | | | | 1.8 | | | | | 1.9 | | | | | 2.1 | | | | | 2.1 | | | ||||||||||||
(Gain) loss on sale of assets(b) | | | | | | (0.4) | | | | | | | (0.1) | | | | | (0.3) | | | | | 0.1 | | | | | (0.1) | | | | | | | 0.6 | | | | | | | 0.4 | | | | | — | | | | | 0.1 | | | | | 0.1 | | | | | | | | 0.3 | | | | | | | 0.1 | | | | | 0.1 | | | | | — | | | | | 0.1 | | | | | | | (0.4) | | | | | | | (0.1) | | | | | (0.3) | | | | | 0.1 | | | | | (0.1) | | | ||||||||||||
Financing fees(c) | | | | | | 0.8 | | | | | | | 0.1 | | | | | 0.7 | | | | | — | | | | | — | | | | | | | 1.7 | | | | | | | 0.2 | | | | | 0.4 | | | | | 1.1 | | | | | — | | | | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | 0.8 | | | | | | | 0.1 | | | | | 0.7 | | | | | — | | | | | — | | | ||||||||||||
Acquisitions and other adjustments(d) | | | | | | 8.1 | | | | | | | 1.7 | | | | | 2.1 | | | | | 2.5 | | | | | 1.8 | | | | | | | 8.1 | | | | | | | 3.1 | | | | | 1.6 | | | | | 1.6 | | | | | 1.8 | | | | | | | | 4.7 | | | | | | | 0.9 | | | | | 0.8 | | | | | 1.5 | | | | | 1.5 | | | | | | | 8.1 | | | | | | | 1.7 | | | | | 2.1 | | | | | 2.5 | | | | | 1.8 | | | ||||||||||||
Adjusted EBITDA(e) | | | | | $ | 176.0 | | | | | | $ | 18.1 | | | | $ | 60.0 | | | | $ | 103.0 | | | | $ | (5.1) | | | | | | $ | 157.2 | | | | | | $ | 15.3 | | | | $ | 48.4 | | | | $ | 92.3 | | | | $ | 1.2 | | | | | | | $ | 201.1 | | | | | | $ | 22.2 | | | | $ | 70.5 | | | | $ | 114.3 | | | | $ | (5.9) | | | | | | $ | 176.0 | | | | | | $ | 18.1 | | | | $ | 60.0 | | | | $ | 103.0 | | | | $ | (5.1) | | |