Company: CALX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001406666-25-000011
Chunk: 91

Company: CALIX, INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 91
---
 |     |      Cory Sindelar |     |   Cory Sindelar |
| J. Matthew Collins |     | J. Matthew Collins |     | J. Matthew Collins |     | J. Matthew Collins |     |                 |
| Shane Eleniak      |     |      Shane Eleniak |     |      Shane Eleniak |     |      Shane Eleniak |     |                 |

*In 2020, we only had three NEOs (including Mr. Russo, who was our CEO).

(4) Total Shareholder Return for each year is based on an initial fixed investment of $100 in our stock on December 31, 2019.

(5) The peer group reflects the S&P 500 Communications Equipment Index, assuming a fixed investment of $100 as of December 31, 2019.

(6) The dollar amounts reported reflect our net income as reported in our audited financial statements for each applicable year.

(7) The dollar amounts represent the most important financial performance measure not otherwise reported in the above table that is used by the Company to link actual compensation paid during the most recent year to the Company’s performance, as required pursuant to Item 402(v) of Regulation S-K. Non-GAAP Operating Incomeis defined as operating income on a GAAP basis less certain items that are not considered indicative of our performance, consisting of: stock-based compensation, intangible asset amortization and other charges. Reconciliation of these non-GAAP amounts to GAAP is provided in Appendix C.

<div align='center'>64</div>

### Relationship between Compensation and Financial Performance
The table below shows the relationship between the compensation actually paid to the PEOs and Average non-PEO NEOs relative to Total Shareholder Return (“TSR”) for Calix and the peer group for 2024, 2023, 2022, 2021, and 2020.

The table below shows the relationship between the compensation actually paid to the PEOs and Average non-PEO NEOs relative to net income and non-GAAP operating income for 2024, 2023, 2022, 2021 and 2020.

(1) Non-GAAP Operating Income is defined as operating income on a GAAP basis less certain items that are not considered indicative of our performance, consisting of: stock-based compensation, intangible asset amortization and other charges. Reconciliation of these non-GAAP amounts to GAAP is provided in Appendix C