Sign in

    Theodore L. Harris

    Chairman, President, and Chief Executive Officer at Balchem Corp
    Board
    Since 2017
    Age
    60 years
    Education
    Holds an MBA from Harvard University and a bachelor's degree in chemical engineering from Lehigh University.
    Tenure
    Joined BCPC as Board Director, President, and CEO in May 2015 before transitioning to the role of Chairman, President, and CEO in 2017.

    Also at Balchem Corp

    CMB
    C. Martin Bengtsson
    Executive Vice President and Chief Financial Officer
    FB
    Frederic Boned
    Senior Vice President and General Manager, Human Nutrition and Health
    HM
    Hatsuki Miyata
    Executive Vice President, Chief Legal Officer, and Secretary

    About

    Ted Harris is the Chairman, President, and Chief Executive Officer of BCPC, with a background in chemical engineering and business administration. He holds an MBA from Harvard University and a bachelor's degree in chemical engineering from Lehigh University, which laid the foundation for his career in senior corporate leadership.

    Beginning his tenure at BCPC in May 2015 as Board Director, President, and CEO, he assumed the full leadership role as Chairman, President, and CEO in 2017. His progression within the organization reflects his extensive expertise in both strategic management and operational oversight.

    Throughout his career, Harris has been instrumental in steering BCPC towards growth and operational excellence, emphasizing sustained value creation and strategic expansion. His leadership has been marked by efforts to advance product development and enhance the company’s competitive positioning in the global market.

    $BCPC Performance Under Theodore L. Harris

    Past Roles

    OrganizationRoleDate Range
    Ashland Global Holdings Inc. (formerly Ashland Inc.) Senior Vice President/Ashland, President, Performance Materials November 2014 to April 2015
    Ashland Global Holdings Inc. (formerly Ashland Inc.) Senior Vice President/Ashland, President, Performance Materials & Ashland Supply Chain 2011 to 2014
    Ashland Global Holdings Inc. (formerly Ashland Inc.) Vice President/Ashland, President, Performance Materials & Ashland Supply Chain N/A

    External Roles

    OrganizationRoleDate Range
    Pentair plc (NYSE) Director N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,155,000 2024Annual base salary
    Bonus$0 2024No bonus awarded
    Deferred Compensation$0 2024No deferred compensation reported
    All Other Compensation$54,486 2024401(k) Plan Matching: $20,700 ; Other Perquisites: $33,786

    Performance Compensation

    Data from  FY 2024

    Stock Awards

    MetricValue
    Grant Date February 8, 2024
    Grant Date Fair Value $3,819,530
    Grant Date Stock Price $143.43 per share
    Performance Shares Threshold 5,885 shares
    Performance Shares Target 11,770 shares
    Performance Shares Maximum 23,540 shares
    Vesting Schedule Payout in shares in February 2027

    Time-Based Restricted Shares

    MetricValue
    Number of Shares 6,650 shares
    Vesting Schedule Cliff vest on February 8, 2027

    Stock Options

    MetricValue
    Number of Shares 21,500 shares
    Exercise Price $143.43 per share
    Vesting Schedule 20% after Year 1, 40% after Year 2, 40% after Year 3
    Expiration Date February 8, 2034

    Non-Equity Incentive Plan Compensation (ICP)

    MetricValue
    Adjusted EBITDA Threshold$230.9 million
    Adjusted EBITDA Target$241.1 million
    Adjusted EBITDA Stretch$253.2 million
    Adjusted EBITDA Maximum$265.2 million
    Revenue Threshold$920.5 million
    Revenue Target$962.0 million
    Revenue Stretch$986.1 million
    Revenue Maximum$1,010.1 million
    Free Cash Flow Threshold$120.0 million
    Free Cash Flow Target$133.3 million
    Free Cash Flow Stretch$140.0 million
    Free Cash Flow Maximum$146.6 million
    ESG Modifier±10% (Applied +6% for 2024)
    ICP Target Payout $1,270,500
    ICP Maximum Payout $2,541,000
    Final ICP Payout137% of target (131% achieved + 6% ESG)
    Evaluation Date February 12, 2025

    Evaluation Period & Additional Details

    • Performance Period: For Stock Awards, Stock Options, and the ICP, the performance evaluation covers fiscal years 2024–2026 with payouts in February 2027.
    • Metrics: EBITDA and TSR for Stock Awards; vesting over three years for Stock Options; and Adjusted EBITDA, Revenue, Free Cash Flow, plus an ESG modifier for the ICP determine the cash payout levels.