Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 27

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 27
---
 will afford the Compensation Committee sufficient time to assess the shareholders’ views on our compensation programs and to effectively deliberate and implement appropriate responses. The three-year time frame will also give shareholders the best opportunity to evaluate the effectiveness of our compensation programs in view of our long-term goals.

Our Board recommends a vote for the frequency of THREE YEARS on the Say on Frequency proposal.

PROPOSAL 5 – APPROVAL OF AN AMENDMENT TO THE INOTIV, INC. 2024 EQUITY INCENTIVE PLAN

#### General
The Inotiv, Inc. 2024 Equity Incentive Plan (the “2024 Plan”) was initially approved by the Board of Directors on January 16, 2024, subject to shareholder approval at the 2024 Annual Meeting. Our shareholders approved the 2024 Plan at the 2024 Annual Meeting on March 14, 2024. The initial share reserve under the 2024 Plan was 1,500,000 common shares, plus the number of common shares remaining available for future awards under the 2018 Equity Incentive Plan (the “2018 Plan”) as of the effective date of the 2024 Plan.

As of January 10, 2025, there were 310,715 shares of our common stock remaining available for awards under the 2024 Plan. The Compensation Committee anticipates that such number of shares will not be sufficient to grant annual equity

<div align='center'>16</div>

awards in fiscal 2025 in amounts determined to be appropriate by the Compensation Committee. As a result, the Compensation Committee recommended, and on January 15, 2025, the Board of Directors approved, an amendment to the 2024 Plan to increase the number of shares for issuance under the 2024 Plan by an additional 2,250,000 shares, subject to shareholder approval.

If our shareholders do not approve this proposal, the amendment to the 2024 Plan will not take effect and the 2024 Plan will continue in effect under its original terms.

Shareholder approval of the amendment to the 2024 Plan is being sought in order to (i) satisfy the shareholder approval requirements of Nasdaq and (ii) permit the grant of incentive stock options subject to Internal Revenue Code (the “Code”) Section 422. The proposed amendment to the 2024 Plan does not extend the ten-year term of the 2024 Plan.

The maximum number of shares that may be issued under the 2024 Plan,