Vistance Networks, Inc.
For the period ended Mar 23, 2026. Filed Mar 23, 2026.
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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.
Mar 23, 2026 · Filed Mar 23, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(RULE 14a-101)
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant☒Filed by a Party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to § 240.14a-12 |
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee paid previously with preliminary materials: |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
Richardson, Texas 75082
NOTICE OF 2026 ANNUAL MEETING OF STOCKHOLDERS
This proxy statement and accompanying proxy (Proxy Statement) are being furnished to the stockholders of Vistance Networks, Inc., a Delaware corporation (Company or Vistance Networks), in connection with the solicitation of proxies by the Board of Directors of the Company (Board or Board of Directors) for use at the Annual Meeting of Stockholders, and at any adjournment or postponement thereof (Annual Meeting), for the purposes set forth in this Notice of 2026 Annual Meeting of Stockholders.
Time and Date:1:00 p.m., Eastern Time, on Thursday, May 7, 2026.
Access to the Virtual Meeting: The meeting will be hosted athttps://edge.media-server.com/mmc/p/b9rwqxpm. The meeting will begin promptly at 1:00 p.m., Eastern Time, and online access will open 15 minutes prior to allow time to login. The log-in password is: vistance2026. You will also need your voter control number, which, if you are a stockholder of record, you can find on your original proxy card or Notice of Internet Availability of Proxy Materials.
If you hold your shares in “street name” through an intermediary, such as a bank or broker, you must register in advance in order to ask questions or vote your shares at the Annual Meeting. In order to register, you must first obtain proof of your proxy power (legal proxy) reflecting the number of shares of Vistance Networks, Inc. common stock you held as of the Record Date (as defined herein). You then must submit a request for registration to Equiniti Trust Company, LLC (Equiniti): (1) by email to proxy@equiniti.com; (2) by facsimile to 718-765-8730; or (3) by mail to Equiniti Trust Company, LLC, Attn: Proxy Tabulation Department, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN 55120. Requests for registration must be labeled as “Legal Proxy,” must include your legal proxy along with your name and email address, and must be received by Equiniti no later than 5:00 p.m., Eastern Time, on May 1, 2026. You will receive a confirmation email from Equiniti of your registration, which will include your voter control number.
Who Can Vote: Only holders of our common stock, par value $0.01 per share (common stock) at the close of business on March 11, 2026 will be entitled to receive notice of, and to vote at, the Annual Meeting.
Proxy Voting: Your Vote is Important. Please vote your shares at your earliest convenience. This will ensure the presence of a quorum at the Annual Meeting. Promptly voting your shares via the Internet, by telephone, or, if you request printed copies of the proxy materials by mail, by signing, dating and returning the enclosed proxy card or voting instruction form will save the expenses and extra work of solicitation. If you request printed copies of the proxy materials by mail and you wish to vote by mail, we have enclosed an envelope, postage prepaid if mailed in the United States. Submitting your proxy now will not prevent you from voting your shares at the meeting, as your proxy is revocable at your option. You may revoke your proxy at any time before it is voted by delivering to the Company a subsequently executed proxy or a written notice of revocation or by voting at the Annual Meeting by following the instructions above under “Access to the Virtual Meeting” and voting your shares virtually via the virtual meeting platform (attendance without casting a ballot will not, by itself, constitute revocation of a proxy).
Items of Business:
The holders of shares of common stock as of the record date will be asked:
To elect eight directors to the Board of Directors, each for a term ending at the 2027 Annual Meeting of Stockholders or until his or her successor is elected and qualified to serve;
To approve, on a non-binding advisory basis, the compensation of our named executive officers (NEOs), as described in this Proxy Statement;
To vote, on a non-binding advisory basis, on the frequency of future advisory votes on the compensation of our NEOs;
To approve additional shares under our 2019 Long-Term Incentive Plan;
To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2026; and
To transact any other business that may properly come before the Annual Meeting.
Proxy Statement and Annual Report: A Notice of Internet Availability of Proxy Materials (Notice) or this Proxy Statement are first being mailed on or about March 24, 2026. Our 2025 Annual Report to Stockholders (the 2025 Annual Report) accompanies but is not part of these proxy materials.
BY ORDER OF THE BOARD OF DIRECTORS,
Sincerely,
Krista R. Bowen
Secretary
March 23, 2026
TABLE OF CONTENTS
| PROXY SUMMARY | 1 | III. Principle Elements of Compensation | 44 | ||
|---|---|---|---|---|---|
| Base Salary | 44 | ||||
| PROXY STATEMENT | 9 | Annual Incentive Plan | 44 | ||
| Questions and Answers About the Annual Meeting andVoting | Long-Term Incentive Awards | 46 | |||
| 9 | Outcomes of Previously Granted Performance-Based | ||||
| Long-Term Incentives | 48 | ||||
| CORPORATE GOVERNANCE MATTERS | 15 | Success Bonus Agreements | 49 | ||
| PROPOSAL No. 1: ELECTION OF DIRECTORS | 15 | 280G Mitigation Actions | 49 | ||
| Director Skills and Qualifications | 20 | IV. Other Compensation Policies | 51 | ||
| Policies on Corporate Governance | 20 | Employee Benefits and Perquisites | 51 | ||
| Board Leadership Structure | 20 | Deferred Compensation Plan | 52 | ||
| The Board’s Role in Management’s Succession Planning | 21 | Employment, Severance and Change in Control | |||
| The Board’s Role in Risk Oversight | 21 | Arrangements | 52 | ||
| Director Independence | 21 | Compensation Recovery (“Clawback”) Policy | 52 | ||
| Nominations for Directors | 22 | Insider Trading and Anti-Hedging and Anti-Pledging | |||
| Directors' Qualifications | 22 | Policies | 52 | ||
| Board Composition | 22 | Stock Ownership Guidelines | 53 | ||
| Board and Committee Evaluations | 23 | ||||
| Board Meetings, Attendance and Executive Sessions | 23 | V. Compensation Tables | 54 | ||
| Board Committees | 23 | Summary Compensation Table (SCT) for 2025 | 54 | ||
| Stockholder Communication with Board of Directors | 25 | Grants of Plan-Based Awards in 2025 | 55 | ||
| Director Compensation | 25 | Narrative Supplement to SCT for 2025 and Grants of | |||
| Director Compensation Table for 2025 | 26 | Plan- Based Awards in 2025 Table | 55 | ||
| Director Stock Ownership Guidelines | 27 | Outstanding Equity Awards at December 31, 2025 | 56 | ||
| Option Exercises and Stock Vested for 2025 | 57 | ||||
| CERTAIN RELATIONSHIPS AND RELATEDPERSON TRANSACTIONS | 28 | Potential Payments upon Termination or Change in Control | 57 | ||
| CEO Pay Ratio | 61 | ||||
| Investment Agreement | 29 | Pay Versus Performance | 62 | ||
| Indemnification Agreements | 29 | Equity Compensation Plan Information | 66 | ||
| Compensation Committee Report | 67 | ||||
| EXECUTIVE OFFICERS | 30 | ||||
| BENEFICIAL OWNERSHIP OF OUR COMMONSTOCK | 32 | OTHER INFORMATION | |||
| PROPOSAL No. 4: APPROVAL OF ADDITIONAL SHARES | |||||
| UNDER OUR 2019 LONG-TERM INCENTIVE PLAN | 68 | ||||
| EXECUTIVE COMPENSATION | 34 | ||||
| PROPOSAL No. 2: ADVISORY VOTE ON EXECUTIVE COMPENSATION | 34 | AUDIT MATTERS | 76 | ||
| PROPOSAL No. 5: RATIFICATION OF THE | |||||
| PROPOSAL No. 3: ADVISORY VOTE ON FREQUENCY OF ADVISORY VOTES ON EXECUTIVE COMPENSATION | APPOINTMENT OF THE INDEPENDENT REGISTERED | 76 | |||
| AUDIT COMMITTEE REPORT | 78 | ||||
| Compensation Discussion and Analysis | 36 | ||||
| STOCKHOLDER PROPOSALS FOR THE | |||||
| I. Executive Summary | 36 | COMPANY'S 2027 ANNUAL MEETING | 80 | ||
| Named Executive Officers | 36 | ||||
| 2025 Business Results | 36 | AVAILABLE INFORMATION | 81 | ||
| 2025 Executive Compensation Highlights | 37 | ||||
| 2025 Say-on-Pay Vote Responsiveness | 39 | INCORPORATION BY REFERENCE | 82 | ||
| Compensation Program Philosophy | 40 | ||||
| 2025 Compensation Elements | 41 | APPENDIX A – RECONCILIATION OF GAAP FINANCIAL | |||
| Executive Compensation-Related Policies and Practices | 42 | MEASURES TO NON-GAAP FINANCIAL MEASURES | |||
| AND OTHER SUPPLEMENTAL FINANCIAL DATA · A-1 | |||||
| II. 2025 Compensation Decision-Making Process | 42 | APPENDIX B – VISTANCE NETWORKS, INC. | |||
| Annual Planning Cycle | 42 | LONG-TERM INCENTIVE PLAN | B-1 | ||
| Determination of Compensation Awards | 42 | ||||
| Role of the Compensation Consultant | 43 | ||||
| Compensation Peer Group | 43 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.