展品97
L.B. Foster Company
修訂和重新規定的高管回收政策
自2023年10月2日起生效
目的
根據納斯達克股市有關規定以及《證券交易法》第10D-1條的要求股票交易所）和《證券交易法》修正案1934年（下稱「證券交易法」使擁有公司註冊證券類別10%以上股權的官員、董事或實際股東代表簽署人遞交表格3、4和5（包括修正版及有關聯合遞交協議）,符合證券交易法案第16(a)條及其下屬規則規定的要求；董事會薪酬委員會委員會董事會董事會L.b.福斯特公司（稱爲「」）的董事會公司已通過這項修訂和重訂的高管追索政策（稱爲「」政策該董事會已經制定了補償追回政策（以下簡稱「本政策」）, 旨在授權公司在會計重新報表（以下簡稱「本報表」）事件中對錯誤授予被認定董事（以下簡稱「涵蓋董事」）的持股補償（以下簡稱「涵蓋補償」）進行追回。
儘管本政策有任何與之相反的內容，在任何時候，本政策仍然受美國證券交易委員會發布的最終規則和法規的解讀和運作的約束。SEC股票交易所採納的最終上市標準以及美國證券交易委員會或股票交易所不時發佈的關於該等補償回收要求的適用指導或解讀（總稱爲「現行現有指導」）。最終指導關於此政策的問題應直接向執行副總裁、人力資源和行政部門負責人提出。
政策聲明
除非適用《回收例外》（如下所定義），公司將合理迅速地從每位被覆蓋高管處追回已收到的被覆蓋薪酬（如下所定義），如果公司因未遵守證券法規定的任何財務報告要求而需準備覈算重述，則在此事件中，公司將合理迅速地從每位被覆蓋高管處追回已收到的被覆蓋薪酬。包括爲更正先前發佈的基本報表中的錯誤而需要進行的任何覈算重述，該錯誤對先前發佈的基本報表重要，或者如果該錯誤在當前期間得到更正或者在當前期間未得到更正將導致重大錯誤陳述的任何必要覈算重述（以下簡稱“會計重述”。 如果適用於某位受覆蓋的官員的例外，公司可以放棄根據本政策從該受覆蓋的官員那裏追回此類薪酬。
被保護的官員
根據本政策的規定，“被保險人”被定義爲根據交易所法規16a-1(f)規定，由董事會或委員會確定的公司的現任或前任「第16條官員」。 Covered Officers包括，不低於根據交易所法規30億.7定義並在S-k條例401(b)項下確定的「高管」們。
補償範圍
根據本政策的目的：
•“「覆蓋賠償」是指適用恢復期（如下定義）期間，根據相關修訂金額計算確定的基於激勵的報酬（如下定義）的金額超出了在該恢復期間根據相關修訂金額計算確定的基於激勵的報酬的金額，且在計算時不考慮任何已支付的稅款。「覆蓋賠償」是指適用恢復期（如下定義）期間，根據相關修訂金額計算確定的基於激勵的報酬（如下定義）的金額超出了在該恢復期間根據相關修訂金額計算確定的基於激勵的報酬的金額，且在計算時不考慮任何已支付的稅款。
只有當涉及人員獲得基於獎勵的報酬後才能作爲涉及報酬合格：（i）在涉及人員開始擔任涉及人員之後收到；（ii）在此基於獎勵的報酬的績效期間內涉及人員曾擔任涉及人員；以及（iii）在公司的證券類別在國家證券交易所或國家證券協會上市時收到。
對於基於股票價格或股東總回報的激勵性薪酬，如果錯誤發放的承保薪酬金額無需直接根據會計重報中的信息進行數學重新計算，則被視爲保障薪酬的此類基於激勵的薪酬金額將基於對會計重報對獲得激勵性薪酬的股票價格或股東總回報率的影響的合理估計，以及公司將維護並提供到證券交易所文件中說明如何確定這種合理的估計。
•“基於激勵的薪酬制度”被定義爲基於完全或部分取決於財務報告測量指標（如下所定義）的獲授、獲得或授予的任何補償。爲明晰起見，激勵性報酬包括任何計劃中的補償，不包括符合稅收資格的退休計劃，在其中長期殘疾、人壽保險、補充高管退休計劃，以及基於此類激勵性報酬的任何其他報酬，例如基於將此類激勵性報酬投入此類計劃的名義金額而產生的收益。
•“業務報告措施”是根據編制公司財務報表所採用的會計原則確定和呈報的一項指標，幷包括完全或部分源自該指標的任何指標。股價和股東總回報也是財務報表指標。
•如果在公司的財務年度達到與獎勵部分激勵報酬相關的財務報告指標，即使激勵報酬的支付或授予發生在該期末之後，也被認爲是「有效的激勵報酬」。2021年8月在該公司達到激勵性薪酬獎勵規定的財務報告期結束後，即使激勵性薪酬的支付或授予發生在該期結束後，也會計入該期。
康復期
根據本政策的規定，「適用年度」定義爲緊接着觸發日期（如下定義）之前的三個完整財政年度，並且如適用，任何由公司財政年度在這三個完整財政年度內或緊隨其後發生變化而導致的過渡期（但是，如果公司上一個財年結束當日到新財年開始當日之間的過渡期跨越了九至十二個月，該期間將被視爲已完成的財政年度）。康復期”定義爲緊接着觸發日期（如下定義）之前的三個完整財政年度，並且如適用，任何由公司財政年度在這三個完整財政年度內或緊隨其後發生變化而導致的過渡期（但是，如果公司上一個財年結束當日到新財年開始當日之間的過渡期跨越了九至十二個月，該期間將被視爲已完成的財政年度）。
根據本政策的規定，“觸發日根據本政策，公司需要準備會計重述的「日期」，是以下兩個事件中較早發生的一個：(i) 董事會、適用的董事會委員會或者授權採取行動如果董事會行動是不需要的，得出，或者合理應該得出的結論，即公司需要準備會計重述的日期；(ii) 法院、監管機構或其他合法授權機構要求公司準備會計重述的日期。
資金回收例外情況
在會計重述事件發生時，公司有責任收回覆蓋董事所獲得的所有被覆蓋的報酬，除非滿足以下情況之一且委員會已經確定按照《交易所法》第10D-1條規定恢復是不切實際的（在這種情況下，適用「收回例外」）。收回例外
•向第三方支付直接費用以協助執行此政策的情況下，將超過需要收回的金額（而且公司已經盡合理努力從該被授予的覆蓋報酬獲得的覆蓋官員那裏收回了這樣錯誤授予的覆蓋報酬，並且已經對這樣的合理努力進行了記錄，並把這些記錄提供給了交易所）；
•recovery would violate home country law that was adopted prior to November 28, 2022 (and the Company has already obtained an opinion of home country counsel, acceptable to the Stock Exchange, that recovery would result in such a violation, and provided such opinion to the Stock Exchange); or
•recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of Section 401(a)(13) or Section 411(a) of the Internal Revenue Code and regulations thereunder. For purposes of clarity, this Clawback Exception only applies to tax-qualified retirement plans and does not apply to other plans, including long term disability, life insurance, and supplemental executive retirement plans, or any other compensation that is based on Incentive-Based Compensation in such plans, such as earnings accrued on notional amounts of Incentive-Based Compensation contributed to such plans.
Prohibitions
The Company is prohibited from paying or reimbursing the cost of insurance for, or indemnifying, any Covered Officer against the loss of erroneously awarded Covered Compensation.
Administration and Interpretation
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The Committee will administer this Policy in accordance with the Final Guidance, and will have full and exclusive authority and discretion to supplement, amend, repeal, interpret, terminate, construe, modify, replace and/or enforce (in whole or in part) this Policy, including the authority to correct any defect, supply any omission or reconcile any ambiguity, inconsistency or conflict in the Policy, subject to the Final Guidance. This Policy is in addition to and is not intended to change or interpret any federal or state law or regulation, including the Pennsylvania Business Corporation Law, the Articles of Incorporation of the Company, or the Bylaws of the Company. The Committee will review the Policy from time to time and will have full and exclusive authority to take any action it deems appropriate.
The Committee will have the authority to offset any compensation or benefit amounts that become due to the applicable Covered Officers to the extent permissible under Section 409A of the Internal Revenue Code of 1986, as amended, and as it deems necessary or desirable to recover any Covered Compensation.
Each Covered Officer, upon being so designated or assuming such position, is required to execute and deliver to the Executive Vice President, Human Resources and Administration a signature page to this Policy (i) acknowledging and consenting to be bound by the terms of this Policy, (ii) agreeing to fully cooperate with the Company in connection with any of such Covered Officer’s obligations to the Company pursuant to this Policy, and (iii) agreeing that the Company may enforce its rights under this Policy through any and all reasonable means permitted under applicable law as it deems necessary or desirable under this Policy.
Disclosure
This Policy, and any recovery of Covered Compensation by the Company pursuant to this Policy that is required to be disclosed in the Company’s filings with the SEC, will be disclosed as required by the Securities Act of 1933, as amended, the Exchange Act, and related rules and regulations, including the Final Guidance.
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L.B. Foster Company
Amended and Restated Executive Recoupment Policy Acknowledgment and Consent
The undersigned hereby acknowledges that he or she has received and reviewed a copy of the Amended and Restated Executive Recoupment Policy (the “Policy”) of L.B. Foster Company (the “Company”), effective as of December 1, 2023, as adopted by the Compensation Committee of the Company’s Board of Directors.
Pursuant to such Policy, the undersigned hereby:
•acknowledges that he or she has been designated as (or assumed the position of) a Covered Officer (as defined in the Policy);
•acknowledges and consents to the Policy;
•acknowledges and consents to be bound by the terms of the Policy;
•agrees to fully cooperate with the Company in connection with any of the undersigned’s obligations to the Company pursuant to the Policy, including, without limitation, the repayment by or recovery from the undersigned of Covered Compensation (as defined in the Policy); and
•agrees that the Company may enforce its rights under the Policy through any and all reasonable means permitted under applicable law as the Company deems necessary or desirable under the Policy.
ACKNOWLEDGED AND AGREED:
Name:
Date:
L.B. Foster Company Amended and Restated Executive Recoupment Policy Acknowledgement and Consent