Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 38

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 38
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) million in 2023, highlighting greater leverage in our business model.2                                                                                                 |     |                                                                                                                                                                                                            |
| •We ended 2024 with $52 million in cash, cash equivalents, restricted cash, and marketable securities, maintaining a solid financial position.                                                                                   |     |                                                                                                                                                                                                            |
| Operational                                                                                                                                                                                                                      
 Highlights                                                                                                                                                                                                                       |     | •We welcomed nearly 250 new customers across key end markets including education, healthcare, professional sports, and industrial workplaces.                                                              |
| •We expanded the number of multi-year subscriptions of Evolv Express®, our AI-powered security screening system, from approximately 4,500 in 2023 to over approximately 6,100 by year-end 2024.                                  |     |                                                                                                                                                                                                            |
| •We screened more than 1.1 billion visitors in 2024, a 55% increase over the previous year, bringing our total screenings since 2019 to over 2 billion.                                                                          |     |                                                                                                                                                                                                            |
| •We generated nearly 50% of our sales activity from our existing customers who actively made the decision to expand or renew their deployments of Evolv Express.                                                                 |     |                                                                                                                                                                                                            |
| •Our customers used Evolv Express to tag nearly 500,000 weapons, underscoring the vital role our technology plays in safeguarding high-traffic environments.                                                                     |     |                                                                                                                                                                                                            |
| •We introduced the next iteration of Evolv Express, combining high-throughput entry with advanced AI and sensor technology and Evolv eXpedite™, an autonomous, AI-powered bag screening solution that complements Evolv Express. |     |                                                                                                                                                                                                            |

#### 2024 Executive Compensation Program Highlights

#### New CEO Compensation
In December 2024, the Board announced the appointment of John Kedzierski as the Company’s new President and Chief Executive Officer (“CEO”) and as a Class I member of the Board with a term ending at the 2025 Annual Meeting, effective December 16, 2024. The Board believes that Mr. Kedzierski’s track record has demonstrated his ability to develop and extend technology ecosystems, build high-performing teams, drive significant revenue and operational improvements, and effectively acquire and integrate new businesses, all of which will serve Evolv as we work to capitalize on the significant opportunity ahead of us, execute our strategy, and deliver long-term value for all stakeholders.

In connection with Mr. Kedzierski’s appointment as CEO, in December 2024, we entered