June 3, 2025
Matt Wood
Via Electronic Delivery
Dear Matt:
Congratulations! I am pleased to confirm your promotion to the position of Senior Vice President & President, Reinforcement Materials based in Boston. In this position, you will become a member of the Executive Management Committee (ExCo) and report to me. The effective date of your promotion is June 15, 2025. This offer is contingent upon your agreement to the terms and conditions set forth in this letter.
Salary
Your new annual base salary is $525,000 USD and will be paid bi-weekly. Your performance will be reviewed in November, 2025 to determine your eligibility for a merit increase effective January, 2026. In addition, you will continue to be eligible to participate in the following Cabot programs:
Short Term Incentive Plan (STI)
You will continue to participate in the Cabot Short Term Incentive Plan (STI). Your target will be 75% of your annual base salary. Your target STI for FY 2025 is $180,526, which represents a pro-rata calculation of your prior and new target bonus amounts; it being understood that (i) 70% of the annual incentive bonus, if any, payable to you for fiscal 2025 shall be determined as follows: 50% on the achievement of the STI corporate objectives for fiscal 2025, and 50% on your individual performance, and (ii) 30% of the annual incentive bonus, if any, payable to you for fiscal 2025 shall be determined as follows: 70% on the achievement the STI corporate objectives for fiscal 2025, and 30% on your individual performance.
The actual award paid under the program varies from year to year based on both individual and business performance as measured against certain established objectives. To be eligible for a bonus payment, you must be actively employed at the time the bonuses are paid (which is usually December of the year following the plan year).
Long Term Incentive Plan (LTI)

