Jeffrey L. Powell

Chief Executive Officer at KADANT

Board

Since July 2019

Age

66 years

Tenure

Joined KAI in January 2008 as Vice President, New Ventures and advanced through multiple roles including Senior Vice President, Executive Vice President, Co-Chief Operating Officer, President, and ultimately assumed the role of Chief Executive Officer in July 2019.

Also at KADANT

DFM

Dara F. Mitchell

Senior Vice President of Corporate Development

DSS

Deborah S. Selwood

Senior Vice President and Chief Accounting Officer

FHW

Fredrik H. Westerhout

Vice President

About

Jeffrey L. Powell is currently 66 years old and has built an extensive career in the industrial sector with a focus on strategic leadership roles. His educational background is not documented in the available sources.

He began his journey at KAI in January 2008 as Vice President, New Ventures, where he was responsible for acquisition-related activities. Over time, his leadership skills propelled him through several executive positions within the company.

Throughout his tenure at KAI, he served as Senior Vice President from September 2009 to March 2013, then as Executive Vice President from March 2013 to March 2018, before taking on the role of Co-Chief Operating Officer from March 2018 to March 2019. In April 2019, he was promoted to President and subsequently assumed the role of Chief Executive Officer in July 2019, while also serving as a member of the board of directors.

Prior to his time at KAI, he held significant leadership roles at Castion Corporation and Thermo, demonstrating a well-rounded background in corporate management and operations.

$KAI Performance Under Jeffrey L. Powell

Past Roles

Organization	Role	Date Range	Details
Kadant Inc. (KAI)	President	April 2019 - July 2019	Previous KAI role before becoming CEO
Kadant Inc. (KAI)	Executive Vice President and Co-Chief Operating Officer	March 2018 - March 2019	Supervised stock-preparation, wood processing, and fiber-based products businesses
Kadant Inc. (KAI)	Executive Vice President	March 2013 - March 2018	Oversaw stock-preparation, wood processing, and fiber-based products businesses
Kadant Inc. (KAI)	Senior Vice President	September 2009 - March 2013	Led operations in stock-preparation, wood processing, and fiber-based products businesses
Kadant Inc. (KAI)	Vice President, New Ventures	January 2008 - September 2009	Responsible for acquisition-related activities
Castion Corporation	Chairman and Chief Executive Officer	April 2003 - December 2007	Managed industrial wastewater treatment systems manufacturer
Thermo Electron Corporation	Various Management Positions (including CEO and President)	N/A	Held multiple leadership roles prior to Castion

External Roles

Organization	Role	Date Range

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$925,900	Annual	Compensation not at risk; rewards skills and service
Non-Equity Incentive Plan Compensation	$1,632,000	Annual performance period	Motivates achievement of company performance objectives using adjusted diluted EPS and shareholder return metrics
All Other Compensation	$20,130	As awarded	Includes 401(k) Contribution: $17,250 and Life Insurance Premiums: $2,880
Time-Based RSU Award	2,153 units, $683,362	Vesting: one-third each anniversary starting March 10, 2025 (subject to continued employment)	Granted on March 6, 2024 as the time-based portion of stock awards

Performance Compensation

Data from FY 2024

Performance-Based RSU Award

Metric	Value
Grant Date	March 6, 2024
Target RSU Units	9,027 shares
Grant Date Fair Value	$317.40 per share
Performance Measure	Adjusted EBITDA for FY 2024
Target Adjusted EBITDA	$233.6 million
Actual Adjusted EBITDA	$236.9 million (101.4% of target)
Payout Adjustment	Awarded at 104.8% of target RSU amount
Thresholds & Conditions	Below 50%: forfeited; 50%-100%: linear scale; 100%-115%: linear scale; Above 115%: capped at 150%
Vesting Schedule	One-third vest on each anniversary of March 10, 2025 over three years; accelerated on death, disability, or change in control
Evaluation Period	Fiscal Year 2024
Maximum Potential Value	$4,100,649