Company: SONM
Filing Date: 2025-04-30
Form Type: PRRN14A
Source: 0001213900-25-037151
Chunk: 38

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: PRRN14A
Chunk 38
---
 are no other no arrangements or understandings between or among Orbic and Messrs. Benedict and Johnson. AJP and Orbic anticipate entering into standard indemnification agreements with each of the AJP/Orbic Nominees relative to their nomination and participation in this proxy solicitation. Other than the foregoing, there are no arrangements or understandings between or among any of the Participants in this solicitation or any other person or persons pursuant to which the nomination of the AJP/Orbic Nominees described herein is to be made. Compensation of the Company’s Directors Except as otherwise described herein or otherwise provided in this Proxy Statement, if elected to the Board, the AJP/Orbic Nominees will not receive any compensation from Orbic or the other Participants to serve as directors. We expect, however, that they will receive whatever compensation the Board has established for non -employeedirectors of the Company unless and until the Board determines to change such compensation. According to the Company’s Schedule Definitive 14A, filed with the SEC on June 5, 2024 (the “ Company 2024 Proxy Statement”), non -employeedirectors of the Company were entitled to receive the following compensation in fiscal year 2023: •Board retainer: $35,000 annually •Audit Committee Chair Retainer: $15,000 annually 19 •Compensation Committee Chair Retainer: $10,000 annually •Nominating and Corporate Governance Committee Chair Retainer: $7,500 annually •Audit Committee (non -chair) Member Retainer: $7,500 annually •Compensation Committee (non -chair) Member Retainer: $5,000 annually •Nominating and Corporate Governance Committee (non -chair) Member Retainer: $3,750 annually •Non -ExecutiveChairperson receives an additional annual equity award of restricted stock units having a grant date fair market value of $50,000 under the Companies Equity Incentive Plan. •Equity Grant: Annual award of restricted stock units with a value of $60,000 The Participants also believe that the Company maintains, at its expense, a policy of insurance which insures its directors and officers. The Charter further provides that, to the full extent permitted by the Delaware General Corporation Law or any other applicable law currently or hereafter in effect, no director of the Company will be personally liable to the Company or its stockholders for or with respect to any acts or omissions in the performance of his or her duties as a Director of