Kevin M. Olsen

President and Chief Executive Officer at Dorman Products

Board

Since January 2019

Age

53 years

Tenure

Joined DORM in 07-2016 as Senior Vice President and Chief Financial Officer, was promoted to Executive Vice President, then to President and Chief Operating Officer, and finally became President and Chief Executive Officer in 01-2019.

Also at Dorman Products

DMH

David M. Hession

Senior Vice President, CFO, Treasurer

About

Kevin M. Olsen is a seasoned executive with extensive experience in financial management and strategic leadership. He began his career with foundational work in public accounting at PricewaterhouseCoopers LLP and advanced through progressively responsible roles at companies such as Colfax Corporation, Precision Castparts, and others.

His career at DORM started in 07-2016 as Senior Vice President and Chief Financial Officer. Over the years, he earned successive promotions as Executive Vice President and President and Chief Operating Officer before ascending to his current role as President and Chief Executive Officer in 01-2019.

Throughout his tenure, he has driven initiatives that promoted operational excellence and long-term growth, contributing to significant milestones for the company such as record net sales achievements and strategic operational improvements. In addition to his executive responsibilities, he serves as a director at Twin Disc, Inc., further demonstrating his expertise and influence in the industry.

$DORM Performance Under Kevin M. Olsen

Past Roles

Organization	Role	Date Range	Details
Dorman Products, Inc.	President and Chief Operating Officer	Aug 2018 – Jan 2019	Promoted to CEO; role transitioned in Jan 2019
Dorman Products, Inc.	Executive Vice President, Chief Financial Officer	Jun 2017 – Aug 2018	Promoted from Senior VP & CFO
Dorman Products, Inc.	Senior Vice President and Chief Financial Officer	Jul 2016 – Jun 2017	Joined the company in this role
Colfax Fluid Handling (Colfax Corporation)	Chief Financial Officer	Jan 2013 – Jun 2016	Oversaw finance for the division
Precision Castparts Corp.	Management Roles (Forged Products Aero Turbine Division)	N/A	Held progressively responsible management roles
Crane Energy Flow Solutions (Crane Co.)	Management Roles	N/A	Held progressively responsible management roles
Netshape Technologies, Inc.	Management Roles	N/A	Held progressively responsible management roles
Danaher Corporation	Management Roles	N/A	Held progressively responsible management roles
PricewaterhouseCoopers LLP (PwC)	Public Accounting Work	N/A	Early career accounting experience in public accounting

External Roles

Organization	Role	Date Range	Details
Twin Disc, Inc.	Director	Since 2022	Publicly traded international manufacturer and distributor of heavy‐duty off‐highway and marine power transmission equipment

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$900,000	N/A	Annual fixed base salary
Discretionary Company Contribution to 401(k) Retirement Plan	$13,200	N/A	Part of All Other Compensation totaling $44,101
Discretionary Company Matching Contribution to 401(k) Retirement Plan	$17,688	N/A	Part of All Other Compensation totaling $44,101
Executive Life Insurance Premiums	$2,527	N/A	Part of All Other Compensation totaling $44,101
Executive Disability Insurance Premiums	$10,686	N/A	Part of All Other Compensation totaling $44,101

Performance Compensation

Data from FY 2023

Equity Incentive Plan Awards

Metric (Unit)	Value	Citation
Grant Date	March 2, 2023
Grant Date Fair Value (PRSUs)	$1,487,470
Grant Date Stock Price	$91.28 per share
Performance Metric	Total Shareholder Return vs. S&P Growth Index
Threshold Payout	50% of target
Target Payout	100% of target
Maximum Payout	200% of target
Eligible Shares (Threshold)	6,573 shares
Eligible Shares (Target)	13,146 shares
Eligible Shares (Maximum)	26,292 shares
Vesting / Evaluation Period	Dec 27, 2020 - Dec 30, 2023
Monte Carlo Fair Value per Share	$113.15 per share

Non-Equity Incentive Plan Awards

Metric (Unit)	Value	Citation
Threshold Award	$450,000
Target Award	$900,000
Maximum Award	$1,800,000
Overall Performance Weight	30% (Corporate Subplan)
Segment Metrics Weight	70% (75% for Operating Income, 25% for Net Sales)
Evaluation Details	Based on fiscal 2023 adjusted operating income and net sales for each segment; corporate goal achievement
Vesting Schedule	Not specified	N/A