Dixie Group adopts 2023 incentive plan with cash and equity awards for executives

DIXIE GROUP INC

CEO/COO cash incentive range: 45% to 105% of base salary; CFO and other officers: 15% to 75%.
PLTI restricted stock: CEO up to 45% of salary plus cash bonus; others up to 35%.
Career Share awards: 20% of salary (most execs), 35% for COO; vesting based on age.
Awards contingent on adjusted operating income threshold and employment through March 15, 2024.
PLTI vests over 3 years; Career Shares vest over 2-5 years depending on participant age.

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