Mayville Engineering MEC Deferred Compensation Arrangement With Individual Distribution Paid

The deferred compensation plan is non-funded, and all future contributions are unsecured in that the employees have the status of a general unsecured creditor of the Company and the agreements constitute a promise by the Company to make benefit payments in the future. During the three months ended March 31, 2026 and 2025, eligible employees elected to defer compensation of $131 and $600, respectively. As of March 31, 2026 and December 31, 2025, the short-term portion accrued for all benefit years less than twelve months under this plan was $416 and $1,000, respectively, which is included within bonuses and deferred compensation on the Condensed Consolidated Balance Sheets. As of March 31, 2026 and December 31, 2025, the long-term portion accrued for all benefit years greater than twelve months under this plan was $4,801 and $5,240. These amounts include the initial deferral of compensation and were adjusted for changes in the value of investment options chosen by the participants. Total expense for the deferred compensation plan for the three months ended March 31, 2026 and 2025 was ($154) and ($73), respectively. These expenses are included in bonuses and deferred compensation on the Condensed Consolidated Statements of Comprehensive Income (Loss). Additionally, the Company made cash distributions of $1,000 and $252 for the three months ended March 31, 2026 and 2025, respectively.