CRA INTERNATIONAL INC (CRAI)

Sector: Industrials

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2026 Annual Meeting Analysis

CRA INTERNATIONAL INC · Meeting: July 16, 2026

Policy v1.2high confidenceView Filing ↗
For informational purposes only. This AI-generated analysis applies a published voting policy to publicly available proxy filings. It does not constitute investment advice, proxy voting advice, or a solicitation of any kind. AI analysis may be incomplete or inaccurate — always review the actual filing and make your own independent decision.

Directors FOR

2

Directors AGAINST

0

Say on Pay

FOR

Auditor

FOR

Director Elections

Election of Two Class I Directors

2 FOR
✓ FOR
Richard Booth

Richard Booth has served since March 2020, is independent, brings strong financial expertise as a licensed CPA and former CFO, chairs the audit committee, and no policy triggers apply: CRAI's 3-year return of +47.7% is strong positive, and the gap versus the XLI sector ETF benchmark of -34.5pp does not meet the 65pp threshold required to trigger a vote against, while no overboarding, attendance, or independence concerns are noted.

✓ FOR
Christine Detrick

Christine Detrick has served since May 2020, is independent, brings deep consulting and financial services expertise, serves as the incoming Lead Director, and no policy triggers apply: the same TSR analysis that clears Mr. Booth applies equally here, with the 3-year underperformance versus XLI of -34.5pp well below the 65pp trigger threshold for a strong-positive absolute return, and no overboarding, attendance, or independence issues are identified.

Both Class I director nominees — Richard Booth and Christine Detrick — are independent, experienced, and pass all policy screens. CRAI's 3-year price return of +47.7% is in the strong-positive tier, meaning the sector ETF (XLI) underperformance of 34.5 percentage points must exceed 65 percentage points to trigger a vote against, which it does not. No overboarding, attendance deficiencies, or independence concerns are present.

Say on Pay

✓ FOR

CEO

Paul Maleh

Total Comp

$4,156,568

Prior Support

95%%

CEO Paul Maleh's total compensation of $4,156,568 is reasonable for a CEO at a ~$1B professional services firm, with base salary of $900,000 and the remainder in performance-linked annual bonuses and equity awards, meaning variable pay comprises approximately 78% of total pay — well above the 50-60% threshold required by policy. The company earned 95% shareholder support on last year's say-on-pay vote, reflecting broad shareholder satisfaction, and the incentive structure uses objective financial metrics (revenue and EBITDA margin) with meaningful performance conditions including threshold, target, and maximum payout levels, a clawback policy, and no problematic features such as guaranteed bonuses or single-trigger vesting. Although CRAI's 3-year stock return of +47.7% trails the XLI ETF, variable pay is not above benchmark in a way that triggers the pay-for-performance misalignment rule, and the overall program structure is sound.

Auditor Ratification

✓ FOR

Auditor

Grant Thornton LLP

Tenure

N/A

Audit Fees

$1,888,676

Non-Audit Fees

$69,300

Non-audit fees (tax services only) of $69,300 represent approximately 3.7% of audit fees of $1,888,676, which is well below the 50% threshold that would trigger a concern about auditor independence. Auditor tenure is not disclosed in the proxy, so the tenure trigger cannot fire under policy, and Grant Thornton is a large national firm appropriate for a company of CRAI's size and complexity. No material restatements are disclosed.

Overall Assessment

CRAI's 2026 annual meeting presents a clean ballot with no significant governance concerns: both director nominees are independent and qualified, the CEO compensation program is well-structured with strong variable pay and meaningful performance conditions, and auditor fees are heavily weighted toward audit work with minimal non-audit services. All three proposals warrant a FOR vote under the applicable policy framework.

Filing date: April 24, 2026·Policy v1.2·high confidence