---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002184"
form_type: "8-K"
ticker: "FUL"
cik: "0000039368"
company_name: "FULLER H B CO"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:41:02.379681+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# H.B. Fuller adds EBITDA margin to STIP, raises CEO base salary to $1 million

## Summary
- CEO Celeste Mastin's base salary increased 5% to $1,000,000 effective Feb 1, 2024.
- LTIP target value raised from 375% to 550% of base salary; STIP target now 125% (from 120%).
- STIP metrics revised: EBITDA margin added (25% weight); EBITDA and net revenue weights reduced to 25% each; EPS weight to 25%.
- SVP International Growth metrics: EPS 35%, IGM EBITDA margin 25%, IGM EBITDA 20%, IGM revenue 20%.
- Changes effective for 2024 fiscal year incentive awards.

## SEC filing metadata
- accession: 0001437749-24-002184
- form_type: 8-K
- ticker: FUL
- cik: 0000039368
- company_name: FULLER H B CO
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39368/000143774924002184/0001437749-24-002184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39368/000143774924002184/ful20240124_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002184
- JSON: https://secwatch.observer/filing/0001437749-24-002184.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002184.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.