EXTREME NETWORKS INC
For the period ended Sep 27, 2024. Filed Sep 27, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Sep 27, 2024 · Filed Sep 27, 2024
Contents
Cash Compensation
Our non-employee directors are very actively engaged in oversight of corporate governance. Each non-employee director attends and actively prepares for and participates in all committee meetings, regardless of his or her committee membership. The Board and Compensation Committee take this, as well as the total cost of the Company's director compensation program, into consideration in determining Board compensation. During fiscal 2024, each non-employee director earned (a) $110,000 in cash compensation annually for Board service; and (b) the applicable compensation set forth below for serving either as a chair or as a member of one or more of the committees of our Board. Fees payable to directors who join the Board during the fiscal year, or who change Board assignments, are prorated to reflect the period of service. Each director further received reimbursement of expenses related to attendance of meetings of our Board and its committees, but no separate meeting fees are paid.
Fees for Fiscal Year 2024:
| Annual Committee Member Compensation | |
|---|---|
| Audit Committee | $12,500 |
| Compensation Committee | 10,000 |
| Nom Gov Committee | 5,000 |
| Annual Chair or Committee Chair Compensation | |
| Audit Committee Chair | $30,000 |
| Compensation Committee Chair | 20,000 |
| Nom Gov Committee Chair | 12,000 |
| Board Chair | 70,000 |
The amounts set forth above are unchanged from the 2023 program.
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