The Dixie Group, Inc. Adopts 2026 Incentive Compensation Plan

The Dixie Group, Inc. has adopted an incentive compensation plan for 2026, effective March 12, 2026. This plan allows for cash awards and restricted stock awards, including Primary Long Term Incentive Plan (PLTI) and Career Share awards, similar to previous years. The plan details potential cash incentive awards for various executive officers, with payout percentages tied to base salary and contingent upon achieving specified levels of Operating Income from Continuing Operations. Additionally, the plan outlines provisions for Primary Long-Term Incentive Share Awards and Career Share Awards, which are forms of restricted stock. Eligibility for these awards is contingent upon the company achieving certain performance and service conditions, as determined by the Compensation/Nominations Corporate Governance Committee. The specific terms, vesting schedules, and tax implications for both cash and stock awards are detailed within the filing. The company has also filed exhibits including the summary of the plan and forms of the various award agreements.