Company: IMXI
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001683695-25-000058
Chunk: 57

Company: International Money Express, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 57
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 described below under “—Potential Payments upon Termination or Change in Control.”

| 48 |     | 2025 Proxy Statement |

| PROXY STATEMENT                      |
| NAMED EXECUTIVE OFFICER COMPENSATION |

Chief Legal Officer and Secretary (Robert Pargac)

On May 20, 2024 the Company entered into an employment agreement (the "Pargac Employment Agreement”) with Mr. Pargac for the position of Chief Legal Officer and Secretary for an indefinite term beginning on May 20, 2024. The Pargac Employment Agreement provides for an annualized base salary of $350,000 per year, which shall be reviewed annually starting in January 2025, and may be subject to an increase, as determined in the reasonable discretion of the Board (and was increased effective January 1, 2025 to $357,000). Effective May 20, 2024, the Pargac Employment Agreement also provides that Mr. Pargac is eligible to participate in the annual incentive compensation plan, with a target bonus opportunity of 50% of his base salary, payable based upon the attainment of certain performance goals, as determined by the Board in its discretion. Mr. Pargac is also eligible to participate in any benefit plans (excluding severance, bonus, incentive or profit-sharing plans, unless approved or determined by the Board in its discretion) offered as in effect from time to time on the same basis as generally made available to other employees. In addition, Mr. Pargac is entitled to reimbursement and vacation benefits typical for a senior executive. Pursuant to the Pargac Employment Agreement, Mr. Pargac is subject to the following restrictive covenants: (i) non-solicitation of customers and employees of the Company during employment and for two years thereafter; (ii) non-competition during employment and for nine months thereafter; (iii) perpetual non-disclosure of confidential information; and (iv) perpetual non-disparagement in favor of the Company. The Pargac Employment Agreement also provides for severance upon termination of employment under certain circumstances, as described below under “—Potential Payments upon Termination or Change in Control.”

Potential Payments upon Termination or Change in Control

Severance under Employment Agreements

Pursuant to the terms of the employment agreements with Messrs. Lisy, Bende, Hunt, Aguilar and Pargac, the named executive officers are (or were, as applicable) entitled to receive certain payments in