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    Kevin M. Olsen

    President and Chief Executive Officer at DDorman Products Inc
    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 Inc

    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 OfficerAug 2018 – Jan 2019Promoted to CEO; role transitioned in Jan 2019
    Dorman Products, Inc.Executive Vice President, Chief Financial OfficerJun 2017 – Aug 2018Promoted from Senior VP & CFO
    Dorman Products, Inc.Senior Vice President and Chief Financial OfficerJul 2016 – Jun 2017Joined the company in this role
    Colfax Fluid Handling (Colfax Corporation)Chief Financial OfficerJan 2013 – Jun 2016Oversaw finance for the division
    Precision Castparts Corp.Management Roles (Forged Products Aero Turbine Division)N/AHeld progressively responsible management roles
    Crane Energy Flow Solutions (Crane Co.)Management RolesN/AHeld progressively responsible management roles
    Netshape Technologies, Inc.Management RolesN/AHeld progressively responsible management roles
    Danaher CorporationManagement RolesN/AHeld progressively responsible management roles
    PricewaterhouseCoopers LLP (PwC)Public Accounting WorkN/AEarly career accounting experience in public accounting

    External Roles

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

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $900,000 N/AAnnual fixed base salary
    Discretionary Company Contribution to 401(k) Retirement Plan $13,200 N/APart of All Other Compensation totaling $44,101
    Discretionary Company Matching Contribution to 401(k) Retirement Plan $17,688 N/APart of All Other Compensation totaling $44,101
    Executive Life Insurance Premiums $2,527 N/APart of All Other Compensation totaling $44,101
    Executive Disability Insurance Premiums $10,686 N/APart of All Other Compensation totaling $44,101

    Performance Compensation

    Data from  FY 2023

    Equity Incentive Plan Awards

    Metric (Unit)ValueCitation
    Grant DateMarch 2, 2023
    Grant Date Fair Value (PRSUs)$1,487,470
    Grant Date Stock Price$91.28 per share
    Performance MetricTotal Shareholder Return vs. S&P Growth Index
    Threshold Payout50% of target
    Target Payout100% of target
    Maximum Payout200% of target
    Eligible Shares (Threshold)6,573 shares
    Eligible Shares (Target)13,146 shares
    Eligible Shares (Maximum)26,292 shares
    Vesting / Evaluation PeriodDec 27, 2020 - Dec 30, 2023
    Monte Carlo Fair Value per Share$113.15 per share

    Non-Equity Incentive Plan Awards

    Metric (Unit)ValueCitation
    Threshold Award$450,000
    Target Award$900,000
    Maximum Award$1,800,000
    Overall Performance Weight30% (Corporate Subplan)
    Segment Metrics Weight70% (75% for Operating Income, 25% for Net Sales)
    Evaluation DetailsBased on fiscal 2023 adjusted operating income and net sales for each segment; corporate goal achievement
    Vesting ScheduleNot specifiedN/A