Company: CTLPP
Filing Date: 2025-07-11
Form Type: PREM14A
Source: 0001140361-25-025663
Chunk: 117

Company: CANTALOUPE, INC.
Filing Date: 2025-07-11
Form: PREM14A
Chunk 117
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 his employment agreement, Mr. Stewart will be provided a lump sum payment equal to his base salary (without giving effect to any reduction that is the basis for any resignation for “good reason”) plus an amount equal to the last annual bonus paid in the fiscal year completed prior to such termination. |

| • | If Mr. Dumbrell, Mr. Singal or Ms. Novoseletsky are terminated by Cantaloupe without cause, and subject to execution of a general release of claims and separation agreement, a severance package consisting of six months of continued base salary. |

Severance is “double trigger” for Mr. Venkatesan and Mr. Stewart, while Transaction Bonuses and the annual bonus payments are “single-trigger”. Severance for Mr. Dumbrell, Mr. Singal and Ms. Novoseletsky is not single or double trigger as severance is paid for these named executive officers based on a termination by Cantaloupe without cause and without respect to a change in control. Mr. Stewart and Ms. Novoseletsky received Transaction Bonuses in connection with the Merger that will be repayable to Cantaloupe if the closing of the Merger does not occur. Pursuant to the Merger Agreement all named executive officers are entitled to receive 2025 annual bonuses based on actual performance. The following table quantifies each separate form of cash payment included in the aggregate total reported in the “Cash” column.

| Named Executive Officer |     | Severance 
       ($) |     | Transaction 
     Bonuses 
         ($) |     | 2025 Annual 
     Bonuses 
         ($) |
| Ravi Venkatesan         |     |   900,002 |     |           0 |     |     450,001 |
| Scott Stewart           |     |   624,002 |     |     200,000 |     |     208,001 |
| Jeffrey Dumbrell        |     |   208,001 |     |           0 |     |     208,001 |
| Gaurav Singal           |     |   186,559 |     |           0 |     |     186,559 |
| Anna Novoseletsky       |     |   175,000 |     |     100,000 |     |     175,000 |

| (2) | Equity. Given the assumptions and treatment of Cantaloupe equity awards described in this proxy statement titled