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PRE 14A Filing
Hill International (HIL) PRE 14APreliminary proxy
Filed: 20 May 22, 5:24pm
| | IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR OUR ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JULY 6, 2022 | | |
| | The Proxy Statement and our 2021 Annual Report to stockholders are available at our website at www.hillintl.com, in the “Investors” section. | | |
| 2022 PROXY STATEMENT | | | | | 1 | | |
| VOTING | | | | | 1 | | |
| | | | | 3 | | | |
| PROPOSAL 2 — ELECTION OF DIRECTORS | | | | | 3 | | |
| NOMINEES FOR DIRECTOR | | | | | 8 | | |
| CONTINUING DIRECTORS — TERM EXPIRING IN 2023 | | | | | 8 | | |
| | | | | 9 | | | |
| CORPORATE GOVERNANCE | | | | | 9 | | |
| PROPOSAL 3 — ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION | | | | | 3 | | |
| | | | | 3 | | | |
| PRINCIPAL ACCOUNTANT FEES AND SERVICES | | | | | 15 | | |
| AUDIT COMMITTEE REPORT | | | | | 16 | | |
| EXECUTIVE COMPENSATION | | | | | 17 | | |
| DIRECTOR COMPENSATION | | | | | 25 | | |
| | | | | 26 | | | |
| Other Matters | | | | | 28 | | |
| Delinquent Section 16(a) Reports | | | | | 28 | | |
| Annual Report | | | | | 28 | | |
| Delivery of Documents to Stockholders Sharing an Address | | | | | 28 | | |
| | | | | 29 | | |
| | 2022 PROXY STATEMENT | | |
| | VOTING | | |
Proposal | | | Board Recommendation | | | Vote Required | | | Abstentions | | | Broker Non-Votes | | | Unmarked Proxy Cards | |
Approval of Amendments to our Certificate of Incorporation to Declassify the Board (Proposal One) | | | FOR | | | Majority of shares outstanding | | | Voted “AGAINST” | | | Voted “AGAINST” | | | Voted “AGAINST” | |
Election of Directors (Proposal Two) | | | FOR | | | Majority of votes cast | | | No effect | | | No effect | | | Voted “FOR” | |
Advisory Vote on Compensation of Named Executive Officers (Proposal Three) | | | FOR | | | Majority of votes cast | | | No effect | | | No effect | | | Voted “FOR” | |
Ratification of the Appointment of Grant Thornton LLP as the Company’s Independent Registered Public Accounting Firm for 2022 (Proposal Four) | | | FOR | | | Majority of votes cast | | | No effect | | | No effect | | | Voted “FOR” | |
| | PROPOSAL-1 — APPROVAL OF AMENDMENTS TO OUR CERTIFICATE OF INCORPORATION TO DECLASSIFY THE BOARD | | |
| | PROPOSAL 2 — ELECTION OF DIRECTORS | | |
| | NOMINEES FOR DIRECTOR | | |
| | CONTINUING DIRECTORS — TERM EXPIRING IN 2023 | | |
| | CONTINUING DIRECTORS — TERM EXPIRING IN 2024 UNLESS PROPOSAL 1 IS APPROVED | | |
| | CORPORATE GOVERNANCE | | |
| | PROPOSAL 3 — ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION | | |
| | PROPOSAL 4 — RATIFICATION OF GRANT THORNTON LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2022 | | |
| | PRINCIPAL ACCOUNTANT FEES AND SERVICES | | |
| Type of Fees (in thousands) | | | | 2021 | | | 2020 | | ||||||
| | | | | | | | | | | | | | | |
| Audit Fees (1) | | | | | $ | 1,738 | | | | | $ | 1,825 | | |
| Audit — Related Fees (2) | | | | | | 39 | | | | | | 39 | | |
| Total Fees | | | | | $ | 1,822 | | | | | $ | 1,864 | | |
| | AUDIT COMMITTEE REPORT | | |
| | EXECUTIVE COMPENSATION | | |
| | | | | EBITDA | | |||||||||
| Level | | | | Performance (% of “Target Performance”) | | | Payout (% of Target Pay Opportunity) | | ||||||
| Below Threshold | | | | | | <79.9% | | | | | | 0% | | |
| Threshold | | | | | | 79.9% | | | | | | 20% | | |
| Target | | | | | | 100% | | | | | | 100% | | |
| High Target | | | | | | 114.9% | | | | | | 200% | | |
| Maximum | | | | | | 129.9% | | | | | | 300% | | |
| | | | | Sales | | |||||||||
| Level | | | | Performance (% of “Target Performance”) | | | Payout (% of Target Pay Opportunity) | | ||||||
| Below Threshold | | | | | | <91.5% | | | | | | 0% | | |
| Threshold | | | | | | 91.5% | | | | | | 50% | | |
| Target | | | | | | 100% | | | | | | 100% | | |
| Maximum | | | | | | 115.9% | | | | | | 200% | | |
| | | | | Gross Collections / Days Outstanding — Company-wide | | |||||||||||||||
| Level | | | | Average Number of Days Outstanding | | | Performance (% of “Target Performance”) | | | Payout (% of Target Pay Opportunity) | | |||||||||
| Below Threshold | | | | | | >195 | | | | | | >102.6% | | | | | | 0% | | |
| Threshold | | | | | | 195 | | | | | | 102.6% | | | | | | 50% | | |
| Target | | | | | | 190 | | | | | | 100% | | | | | | 100% | | |
| Maximum | | | | | | 185 | | | | | | 97.4% | | | | | | 200% | | |
| | | | | Gross Collections / Days Outstanding — ME/APAC | | |||||||||||||||
| Level | | | | Average Number of Days Outstanding | | | Performance (% of “Target Performance”) | | | Payout (% of Target Pay Opportunity) | | |||||||||
| Below Threshold | | | | | | >220 | | | | | | >104.7% | | | | | | 0% | | |
| Threshold | | | | | | 220 | | | | | | 104.7% | | | | | | 50% | | |
| Target | | | | | | 210 | | | | | | 100% | | | | | | 100% | | |
| Maximum | | | | | | 200 | | | | | | 95.2% | | | | | | 200% | | |
| | | | | | | | | | Financial Objectives | | ||||||||||||||||||||||||||||||||||
| Metric | | | | Metric Weight | | | Threshold | | | Target | | | High Target | | | Maximum | | | 2021 Metric | | | Bonus Payout Factor | | |||||||||||||||||||||
| EBITDA | | | | | | 70% | | | | $20.587 million | | | $25.734 million | | | $29.594 million | | | $33.454 million | | | $16.4 million | | | | | 0% | | | |||||||||||||||
| Sales Performance | | | | | | 20% | | | | $355.0 million | | | $395.0 million | | | n/a | | | $435.0 million | | | $435.0 million | | | 0% | | ||||||||||||||||||
| DSOs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| — Raouf S. Ghali | | | | | | 10% | | | | | | 143 | | | | | | 138 | | | | | | n/a | | | | | | 133 | | | | | | 118 | | | | | | 0% | | |
| — Abdo E. Kardous | | | | | | 10% | | | | | | 192 | | | | | | 185 | | | | | | n/a | | | | | | 178 | | | | | | 164 | | | | | | 0% | | |
| — Todd Weintraub | | | | | | 10% | | | | | | 143 | | | | | | 138 | | | | | | n/a | | | | | | 133 | | | | | | 118 | | | | | | 0% | | |
| Name | | | | 2021 Target Award | | | 2021 Threshold Award | | | 2021 Maximum Award | | | Total Weighted Bonus Payout Factor | | | 2021 Actual Award | | |||||||||||||||
| Raouf S. Ghali | | | | | $ | 675,000 | | | | | $ | 195,750 | | | | | | (1) | | | | | | 0% | | | | | $ | 0 | | |
| Abdo E. Kardous | | | | | | 100,000 | | | | | | 29,000 | | | | | | (1) | | | | | | 0% | | | | | | 0 | | |
| Todd Weintraub | | | | | | 205,000 | | | | | | 59,450 | | | | | | (1) | | | | | | 0% | | | | | | 0 | | |
| Name | | | | Long-Term Incentive Award Amount Fixed Cash Value | | | Target Number of Shares to be Issued Upon Settlement of DSUs/RSUs | | | Aggregate Grant Date Fair Value of Time-Based DSUs/RSUs | | | Total Number of Shares to be Issued Upon Settlement of Time-Based DSUs/RSUs | | | Aggregate Grant Date Fair Value of Performance- Based DSU/RSUs (1) | | | Total Number of Shares to be Issued Upon Settlement of Performance- Based DSUs/RSUs | | ||||||||||||||||||
| Raouf S. Ghali | | | | | $ | 451,914 | | | | | | 382,978 | | | | | $ | 451,914 | | | | | | 191,489 | | | | | | — | | | | | | 191,489 | | |
| Abdo E. Kardous | | | | | | 112,976 | | | | | | 63,829 | | | | | | 112,976 | | | | | | 47,871 | | | | | | — | | | | | | 15,958 | | |
| Todd Weintraub | | | | | | 110,467 | | | | | | 93,616 | | | | | | 110,467 | | | | | | 46,8089 | | | | | | — | | | | | | 46,808 | | |
| Level | | | | Performance (EBITDA over vesting period) | | | Payout (% of Restricted Stock Opportunity) | | ||||||
| Below Threshold | | | | | | <$33,000,000 | | | | | | 0% | | |
| Threshold | | | | | | 33,000,000 | | | | | | 50% | | |
| Target | | | | | | 38,000,000 | | | | | | 100% | | |
| Maximum | | | | | | 43,000,000 | | | | | | 200% | | |
| | | | | EBITDA | | |||||||||
| Level | | | | Performance (% of “Target Performance”) | | | Payout (% of Target Pay Opportunity) | | ||||||
| Below Threshold | | | | | | <79.9% | | | | | | 0% | | |
| Threshold | | | | | | 79.9% | | | | | | 20% | | |
| Target | | | | | | 100.0% | | | | | | 100% | | |
| High Target | | | | | | 114.9% | | | | | | 200% | | |
| Maximum | | | | | | 129.9% | | | | | | 300% | | |
| | | | | Sales | | |||||||||
| Level | | | | Performance (% of “Target Performance”) | | | Payout (% of Target Pay Opportunity) | | ||||||
| Below Threshold | | | | | | <91.5% | | | | | | 0% | | |
| Threshold | | | | | | 91.5% | | | | | | 50% | | |
| Target | | | | | | 100.0% | | | | | | 100% | | |
| Maximum | | | | | | 115.9% | | | | | | 200% | | |
| | | | | Gross Collections / Days Outstanding – Company-wide | | |||||||||||||||
| Level | | | | Average Number of Days Outstanding | | | Performance (% of “Target Performance”) | | | Payout (% of Target Pay Opportunity) | | |||||||||
| Below Threshold | | | | | | >195 | | | | | | >102.6% | | | | | | 0% | | |
| Threshold | | | | | | 195 | | | | | | 102.6% | | | | | | 50% | | |
| Target | | | | | | 190 | | | | | | 100.0 | | | | | | 100% | | |
| Maximum | | | | | | 185 | | | | | | 97.4 | | | | | | 200% | | |
| | | | | Gross Collections / Days Outstanding – ME/APAC | | |||||||||||||||
| Level | | | | Average Number of Days Outstanding | | | Performance (% of “Target Performance”) | | | Payout (% of Target Pay Opportunity) | | |||||||||
| Below Threshold | | | | | | >200 | | | | | | >104.7% | | | | | | 0% | | |
| Threshold | | | | | | 220 | | | | | | 104.7% | | | | | | 50% | | |
| Target | | | | | | 210 | | | | | | 100.0% | | | | | | 100% | | |
| Maximum | | | | | | 200 | | | | | | 95.2% | | | | | | 200% | | |
| | | | | | | | | | | | | | Financial Objectives | | | | | | | | | | | | | | |||
| Metric | | | | Metric Weight | | | Threshold | | | Target | | | High Target | | | Maximum | | | 2020 Metric | | | Bonus Factor Payout | | ||||||
| EBITDA | | | | | | 55% | | | | $20.587 million | | | $25.734 million | | | $29.594 million | | | $33.454 million | | | $19.0 million | | | | | 0% | | |
| Sales Performance | | | | | | 35% | | | | $375.0 million | | | $410.0 million | | | n/a | | | $475.0 million | | | $370.0 million | | | | | 0% | | |
| DSOs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Raouf S. Ghali | | | | | | 10% | | | | 195 | | | 190 | | | n/a | | | 185 | | | 143 | | | | | 200% | | |
| Abdo E. Kardous | | | | | | 10% | | | | 220 | | | 210 | | | n/a | | | 200 | | | 201 | | | | | 190% | | |
| Todd Weintraub | | | | | | 10% | | | | 195 | | | 190 | | | n/a | | | 185 | | | 143 | | | | | 200% | | |
| Name | | | | 2020 Target Award | | | 2020 Threshold Award | | | 2020 Maximum Award | | | Total Weighted Bonus Payout Factor | | | 2020 Actual Award | | |||||||||||||||
| Raouf S. Ghali | | | | | $ | 675,000 | | | | | $ | 226,125 | | | | | $ | 1,721,250 | | | | | | 20% | | | | | $ | 135,000 | | |
| Abdo E. Kardous | | | | | | 100,000 | | | | | | 33,500 | | | | | | 255,000 | | | | | | 19% | | | | | | 19,000 | | |
| Todd Weintraub | | | | | | 205,000 | | | | | | 68,675 | | | | | | 522,750 | | | | | | 20% | | | | | | 41,000 | | |
| Name | | | | Long-Term Incentive Award Amount Fixed Cash Value | | | Target Number of Shares to be Issued Upon Settlement of DSUs/RSUs | | | Aggregate Grant Date Fair Value of Time-Based DSUs/RSUs | | | Total Number of Shares to be Issued Upon Settlement of Time-Based DSUs/RSUs | | | Aggregate Grant Date Fair Value of Performance- Based DSUs/RSUs (1) | | | Total Number of Shares to be Issued Upon Settlement of Performance- Based DSUs/RSUs | | ||||||||||||||||||
| Raouf S. Ghali | | | | | $ | 900,000 | | | | | | 274,390 | | | | | $ | 450,000 | | | | | | 137,915 | | | | | $ | — | | | | | | 137,195 | | |
| Abdo E. Kardous | | | | | | 150,000 | | | | | | 45,731 | | | | | | 112,500 | | | | | | 34,298 | | | | | | — | | | | | | 11,432 | | |
| Todd Weintraub. | | | | | | 220,000 | | | | | | 67,073 | | | | | | 110,000 | | | | | | 33,537 | | | | | | — | | | | | | 33,536 | | |
| Level | | | | Performance (EBITDA over vesting period) | | | Payout (% of Restricted Stock Opportunity) | | ||||||
| Below Threshold | | | | | | <$33,000,000 | | | | | | 0% | | |
| Threshold | | | | | | 33,000,000 | | | | | | 50% | | |
| Target | | | | | | 38,000,000 | | | | | | 100% | | |
| Maximum | | | | | | 43,000,000 | | | | | | 200% | | |
| Name and Principal Position | | | | Year | | | Salary $ | | | Stock Awards $(1) | | | Non-Equity Incentive Plan Compensation $(2) | | | All Other Compensation $(3) | | | Total $ | | | | ||||||||||||||||||||||
| Raouf S. Ghali, | | | | | | 2021 | | | | | | 725,000 | | | | | | 450,000 | | | | | | — | | | | | | 23,508.00 | | | | | | 1,198,508 | | | | | ||||
| President and Chief Executive Officer | | | | | | 2020 | | | | | | 725,000 | | | | | | 450,000 | | | | | | 135,000 | | | | | | 33,855 | | | | | | 1,343,855 | | | | | ||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Abdo E. Kardous, | | | | | | 2021 | | | | | | 525,000 | | | | | | 112,500 | | | | | | — | | | | | | 7,149.78 | | | | | | 644,649.78 | | | | | ||||
| Regional President (Middle East) | | | | | | 2020 | | | | | | 525,000 | | | | | | 112,500 | | | | | | 19,000 | | | | | | 20,733 | | | | | | 677,233 | | | | | ||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Todd Weintraub, | | | | | | 2021 | | | | | | 410,000 | | | | | | 110,000 | | | | | | — | | | | | | 26,285.52 | | | | | | 546,285.52 | | | | | ||||
| Chief Financial Officer | | | | | | 2020 | | | | | | 410,000 | | | | | | 110,000 | | | | | | 41,000 | | | | | | 17,100 | | | | | | 578,100 | | | | |
| | | | | Option Awards | | | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | | | | | | Number of securities underlying unexercised options (#) exercisable | | | | | | | | Number of securities underlying unexercised options (#) unexercisable | | | | Option exercise price | | | | | | | | Option expiration date | | | | Equity Incentive Plan: Awards: Number of unearned shares, units or other rights that have not vested (#) | | | | Equity Incentive Plan Awards: Market value of unearned shares, units or other rights that have not vested ($) | | |||||||||||||||||||||||||||||
| Raouf S. Ghali | | | | | | | | | | 200,000 | | | | | | | | | | | — | | | | | | | (1) | | | | | | | 4.03 | | | | | | | | | | | 1/27/2022 | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | 250,000 | | | | | | | | | | | — | | | | | | | (2) | | | | | | | 4.00 | | | | | | | | | | | 4/2/2023 | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | 200,000 | | | | | | | | | | | 50,000 | | | | | | | (3) | | | | | | | 4.65 | | | | | | | | | | | 3/08/2024 | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | 333,333 | | | | | | | | | | | 166,667 | | | | | | | (4) | | | | | | | 3.13 | | | | | | | | | | | 6/11/2024 | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 139,319 | | | | | (5) | | | | | | 450,000 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 46,440 | | | | | (6) | | | | | | 150,000 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 137,195 | | | | | (7) | | | | | | 450,000 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 91,463 | | | | | (8) | | | | | | 300,000 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 191,489 | | | | | (9) | | | | | | 451,914 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 191,489 | | | | | (10) | | | | | | 451,914 | | |
| Abdo E. Kardous | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,821 | | | | | (5) | | | | | | 22,174 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,821 | | | | | (6) | | | | | | 22,174 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,432 | | | | | (7) | | | | | | 37,497 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 22,864 | | | | | (8) | | | | | | 74,994 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 47,871 | | | | | (9) | | | | | | 112,976 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 15,958 | | | | | (10) | | | | | | 37,661 | | |
| Todd Weintraub | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 31,734 | | | | | (5) | | | | | | 102,501 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,578 | | | | | (6) | | | | | | 34,167 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 33,537 | | | | | (7) | | | | | | 110,001 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 22,358 | | | | | (8) | | | | | | 73,333 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 46,808 | | | | | (9) | | | | | | 110,467 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ��� | | | | | | | | | | | | 46,808 | | | | | (10) | | | | | | 110,467 | | |
| | DIRECTOR COMPENSATION | | |
| | | | Fees Earned or paid in Cash $ | | | Stock Awards $(1) | | | Total $ | | ||||||||||
| David Sgro | | | | | | 64,000 | | | | | | 96,000 | | | | | | 160,000 | | |
| Arnaud Ajdler(2) | | | | | | — | | | | | | 124,994 | | | | | | 124,994 | | |
| Paul J. Evans | | | | | | 52,000 | | | | | | 78,000 | | | | | | 130,000 | | |
| Grant McCullagh | | | | | | 48,000 | | | | | | 71,999 | | | | | | 119,999 | | |
| Sue Steele | | | | | | 50,000 | | | | | | 75,000 | | | | | | 125,000 | | |
| James B. Renacci | | | | | | 48,000 | | | | | | 71,999 | | | | | | 119,999 | | |
| | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS | | |
| Name and Address of Beneficial Owner | | | | Shares of Common Stock Beneficially Owned | | |||||||||
| | | | | Number of Shares | | | Percent | | ||||||
| Arnaud Ajdler and Engine Capital Management 1370 Broadway, 5 Floor, New York, NY 10016 | | | | | | 5,771,251(1) | | | | | | 10.1% | | |
| | | | | | | | | | | | | | | |
| Wellington Management Company LLP 280 Congress Street, Boston, MA 02210 | | | | | | 4,485,050(2) | | | | | | 7.8% | | |
| | | | | | | | | | | | | | | |
| Ancora Advisors, LLC 6060 Parkland Boulevard, Suite 200, Cleveland, OH 44124 | | | | | | 4,273,778(3) | | | | | | 7.5% | | |
| | | | | | | | | | | | | | | |
| David L. Richter and Richter Capital LLC 274 Carter Road, Princeton, NJ 08540 | | | | | | 2,904,105(4) | | | | | | 5.1% | | |
| | | | | | | | | | | | | | | |
| Rutabaga Capital Management 64 Broad Street, 3rd Floor, Boston, MA 02109 | | | | | | 2,890,714(5) | | | | | | 5.1% | | |
| | | | | | | | | | | | | | | |
| NAMED EXECUTIVE OFFICERS AND DIRECTORS: | | | | | | | | | | | | | | |
| Raouf S. Ghali | | | | | | 1,531,846(6) | | | | | | 2.6% | | |
| Abdo E. Kardous | | | | | | 152,939(7) | | | | | | * | | |
| Todd Weintraub. | | | | | | 192,549(8) | | | | | | 1.0% | | |
| David Sgro | | | | | | 565,044(9) | | | | | | * | | |
| Paul J. Evans | | | | | | 425,000(10) | | | | | | * | | |
| Grant G. McCullagh | | | | | | 121,821(11) | | | | | | * | | |
| James B. Renacci | | | | | | 120,805(12) | | | | | | * | | |
| Sue Steele | | | | | | 100,621(13) | | | | | | * | | |
| All directors and executive officers as a group (10 persons) | | | | | | 9,280,815 | | | | | | 16.2% | | |
| | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | | Weighted-average exercise price of outstanding options, warrants and rights | | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column A) (1) | | ||||||||||
| Plan Category | | | | A | | | B | | | C | | |||||||||
| Equity compensation plans approved by security holders | | | | | | 4,507 | | | | | $ | 3.06 | | | | | | 1,441 | | |
| Equity compensation plans not approved by security holders | | | | | | — | | | | | | — | | | | | | — | | |
| Total | | | | | | 4,507 | | | | | $ | 3.06 | | | | | | 1,441 | | |
| | Other Matters | | |
| | Delinquent Section 16(a) Reports | | |
| | Annual Report | | |
| | Delivery of Documents to Stockholders Sharing an Address | | |
| | Appendix I: Amendments to the Amended and Restated Certificate of Incorporation to Declassify the Board of Directors | | |