Daniel K. Frierson

Chairman of the Board and Chief Executive Officer at Dixie Group Inc

Board

Since 1980

Age

82 years

Tenure

Joined DXYN in 1973, served as Chief Executive Officer since 1980 and as Chairman of the Board since 1987.

Also at Dixie Group Inc

ALD

Allen L. Danzey

Chief Financial Officer

DKFJ

D. Kennedy Frierson, Jr.

Vice President and Chief Operating Officer

WDD

W. Derek Davis

Vice President, Human Resources and Corporate Secretary

About

Daniel K. Frierson has played a pivotal role at DXYN over several decades. His career at the company began in 1973 when he joined as a Director, a role that laid the foundation for his deep commitment and leadership within the organization.

Taking on the position of Chief Executive Officer in 1980, he guided the company through significant growth and transformation, establishing DXYN as a prominent manufacturer in the residential floorcovering industry.

In 1987, his leadership evolved further when he was named Chairman of the Board, a position that has allowed him to shape the company's strategic direction and foster innovation. His ongoing involvement in additional industry roles, including serving as a past Chairman of The Carpet and Rug Institute and holding directorships at other companies, underscores his influential presence in the broader business community.

$DXYN Performance Under Daniel K. Frierson

Past Roles

Organization	Role	Date Range	Details
The Dixie Group, Inc. (DXYN)	Director	1973 - 1980	Held prior to his subsequent roles as CEO (since 1980) and Chairman (appointed in 1987)

External Roles

Organization	Role	Date Range	Details
Printpack, Inc.	Director	Current	World-leading flexible packaging company headquartered in Atlanta, Georgia
Printpack, Inc.	Chairman of Printpack's Compensation Committee	Current	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount ($)	Payment Schedule	Additional Details
Base Salary	625,000	Annually (2023)	Fixed annual salary
Registrant Contributions to Defined Contribution Plans	3,050	As accrued in 2023	Contributed to defined contribution plans
Insurance Premiums	2,000	As accrued in 2023	Included in All Other Compensation
Other	0	N/A	No additional benefits provided

Performance Compensation

Data from FY 2023

Cash Incentive Award

Metric	Value	Details
Award Amount	$505,502	Cash incentive award for 2023
Performance Metrics	N/A	Financial & non-financial and individual goals; specific thresholds/targets not disclosed
Vesting Schedule	Q1 2024	Award paid in the first quarter of 2024 subject to continued employment

Long Term Incentive Share Awards

Metric	Value	Details
Shares Granted	101,745	Long Term Incentive Share Awards for 2023
Vesting Schedule	3 Years	Vest over three years, subject to performance conditions and continued employment
Performance Metrics	N/A	Linked to financial & non-financial goals; specific targets not disclosed

Career Share Awards

Metric	Value	Details
Shares Granted	25,000	Career Share Awards for 2023
Vesting Schedule	Varies	For participants over 60: full vest upon qualification to retire after a 2-year holding; for under 60: vest ratably over 5 years starting on the 61st birthday
Performance Metrics	Profitability Condition	Contingent on achieving a profitable level of Operating Income from Continuing Operations (adjusted)

Option Awards

Metric	Value	Details
Options Granted	60,000	Option Awards for 2023
Vesting Schedule	2 Years	Vest on May 25, 2025, subject to market conditions
Performance Threshold	$3.00 per share	Average high & low stock price must reach at least $3.00 per share over any 5 consecutive trading days
Exercise Price	$1.00	Set at the grant date
Grant Date	May 25, 2023
Term	5 Years	Expires on May 25, 2028
Fair Value Assumptions	Volatility: 97.96%, Risk-free: 3.80%	Determined using a lattice model