CTS Corp DEF 14A: Executive Compensation Details

TL;DR

CTS Corp's 2025 DEF 14A is out, showing exec pay details for 2024. Focus on stock awards & valuations.

AI Summary

CTS Corp filed its DEF 14A on March 28, 2025, detailing executive compensation for the fiscal year ending December 31, 2024. The filing includes information on stock awards, changes in fair value, and year-end valuations for both PEO and Non-PEO NEOs, as well as exclusions of stock awards. Specific dollar amounts and dates related to these compensation elements are provided within the detailed tables.

Why It Matters

This filing provides shareholders with transparency into how executive compensation is structured and awarded, impacting corporate governance and investor confidence.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of executive compensation and does not inherently present new financial risks.

Key Players & Entities

• CTS Corp (company) — Filer of the DEF 14A
• 20250328 (date) — Filing date of the DEF 14A
• 20250508 (date) — Reported period end date
• 2024-12-31 (date) — Fiscal year end date

FAQ

From the Filing

0001193125-25-066333.txt : 20250328 0001193125-25-066333.hdr.sgml : 20250328 20250328083811 ACCESSION NUMBER: 0001193125-25-066333 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 46 CONFORMED PERIOD OF REPORT: 20250508 FILED AS OF DATE: 20250328 DATE AS OF CHANGE: 20250328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CTS CORP CENTRAL INDEX KEY: 0000026058 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] ORGANIZATION NAME: 04 Manufacturing EIN: 350225010 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-04639 FILM NUMBER: 25781667 BUSINESS ADDRESS: STREET 1: 4925 INDIANA AVENUE CITY: LISLE STATE: IL ZIP: 60532 BUSINESS PHONE: 6305778800 MAIL ADDRESS: STREET 1: 4925 INDIANA AVENUE CITY: LISLE STATE: IL ZIP: 60532 DEF 14A 1 d924021ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false 0000026058 0000026058 2024-01-01 2024-12-31 0000026058 2020-01-01 2020-12-31 0000026058 2023-01-01 2023-12-31 0000026058 2022-01-01 2022-12-31 0000026058 2021-01-01 2021-12-31 0000026058 cts:ExclusionOfStockAwardsMember ecd:PeoMember 2024-01-01 2024-12-31 0000026058 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2024-01-01 2024-12-31 0000026058 cts:ExclusionOfStockAwardsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000026058 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000026058 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000026058 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0000026058 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-31 0000026058 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000026058 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000026058 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-31 0000026058 3 2024-01-01 2024-12-31 0000026058 4 2024-01-01 2024-12-31 0000026058 5 2024-01-01 2024-12-31 0000026058 6 2024-01-01 2024-12-31 0000026058 7 2024-01-01 2024-12-31 0000026058 1 2024-01-01 2024-12-31 0000026058 2 2024-01-01 2024-12-31 iso4217:USD UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box:   ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to §240.14a-12 CTS CORPORATION     (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply):   ☒ No fee required. ☐ Fee paid previously with preliminary materials. ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0 -11. Table of Contents Table of Contents       Dear CTS Shareholder: 2024 Results 2024 was a year of challenges and opportunities for our business. I am proud of the progress we made on our diversification strategy, which was driven in part by accelerated growth in our diversified medical, industrial, and aerospace and defense markets and complemented by our continued progress on electrification in mobility. Revenue from our diversified markets accounted for 51% of overall company revenue for 2024. Diversification will continue to be a strategic priority for our business. Our strategic focus also improved the quality of our earnings as reflected by our adjusted gross margin for 2024, which was up 243 basis points from 2023