Company: CALX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001406666-25-000011
Chunk: 70

Company: CALIX, INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 70
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 |     | 2024 |     |   |         |     | %      
 Change |     |   |   |
|:--------------------------|:----|:-----|:----|:-------------------------------------|--------:|:----|:-----|:----|:--|--------:|:----|:-------|:----|:--|:--|
| Michael Weening           |     |      |     | $                                    | 560,000 |     |      |     | $ | 560,000 |     |        |     | — | % |
| Cory Sindelar             |     |      |     | $                                    | 485,700 |     |      |     | $ | 485,700 |     |        |     | — | % |
| J. Matthew Collins        |     |      |     | $                                    | 428,600 |     |      |     | $ | 428,600 |     |        |     | — | % |
| Shane Eleniak             |     |      |     | $                                    | 428,600 |     |      |     | $ | 428,600 |     |        |     | — | % |

#### Cash Incentive Compensation
2024 Executive Cash Incentive Plan Design

Our executives, including our NEOs, participate in two separate cash bonus programs under the executive cash incentive plan. We believe these programs focus our executives on our long-term profitable growth strategy while recognizing the challenges with predicting performance in this high-growth environment. A portion of the executive cash incentive plan payout for our executives is based on the Company’s achievement against preset quarterly revenue and non-GAAP operating income targets. The other portion of the executive cash incentive plan payout is based on non-GAAP gross margin which provides an incremental opportunity that is based on our achievement above a minimum non-GAAP gross margin target, measured quarterly. The combined cash bonus programs include an assessment of the NEO's individual performance for the year. Our executive cash incentive plan does not provide for any guaranteed payments and there is no payout if we do not achieve a pre-established level of threshold performance.

In setting the performance measures and targets for our executive cash incentive plan, our Talent and Compensation Committee seeks to align the performance targets to our key financial objectives and business strategy, which we believe furthers the long-term interests of our stockholders. The performance targets are designed to incentivize financial growth and performance over the year as we continue to drive adoption of our cloud