Company: DLX
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000027996-25-000107
Chunk: 57

Company: DELUXE CORP
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 57
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-sponsored health and welfare benefits. The annual total compensation for our median employee was $74,965 calculated in accordance with SEC rules. For 2024, the annual total compensation of Mr. McCarthy was 95.3 times that of our median employee.

As of the measurement date, November 1, 2024, we had a total of 5,031 employees. For purposes of identifying our median employee, we used our United States and Canadian employee population of 5,026 total employees, of which 4,776 were employed in the U.S. and 250 were employed in Canada. We excluded five employees located in India. As permitted by SEC rules and regulations, we excluded leased employees and independent contractors. To determine our median employee, we used base salary for the 12-month period ending October 31, 2024, as our compensation measure that we applied consistently to all employees. We annualized this amount for permanent employees who commenced employment during that period. We also chose to include the cost of the median employee's employer-sponsored health and welfare benefits, including medical, dental and life insurance, as well as short- and long-term disability coverage, in the calculation of our median employee's total annual compensation. For Canadian employees, we converted their pay amounts to U.S. dollars using the spot rate as of November 1, 2024.

Pay Versus Performance Outcomes

The following table provides specified executive compensation and financial performance measures for our five most recently completed fiscal years.

| Year                      |     | Summary Compensation Table Total for CEO 
 ($)                                      |            |     | Compensation Actually Paid to CEO1 
 ($)                                |            |     | Average Summary Compensation Table Total for Other NEOs 
 ($)                                                     |           |     | Average Compensation Actually Paid to Other NEOs2 
 ($)                                               |           |     | Value of Initial Fixed $100 Investment Based On: |      |     |       |     | Net Income (in millions)5 
 ($)                       |      |     | Adjusted EBITDA 
 (in millions)6  
 ($)             |       |
| Total Shareholder Return3 
 ($)                       |     | Peer Group Total Shareholder Return4     
 ($)                                      |            |     |                                    |            |     |                                                         |           |     |                                                   |           |     |                                                  |      |     |       |     |                           |      |     |                 |       |
| 2024                      |     |                                          |  7,125,058 |     |                                    |  8