Company: NEOG
Filing Date: 2025-09-12
Form Type: DEF 14A
Source: 0000950170-25-114381
Chunk: 47

Company: NEOGEN CORP
Filing Date: 2025-09-12
Form: DEF 14A
Chunk 47
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 Mr. Adent entered into a transition agreement as part of his announcement that he was stepping down from the Company. At the end of Mr. Adent’s transition on October 31, 2025, Mr. Adent will be entitled to receive the severance compensation and benefits provided under and on terms substantially consistent with his current severance letter agreement, consistent with a termination without cause, subject to him signing the waiver and release of claims against the Company and otherwise meeting the conditions of the severance letter agreement.

| Neogen Corporation | 2025 Proxy Statement | 44 |

#### Pay Versus Performance
Pay Versus Performance

The following tables provide additional compensation information regarding our NEOs, prepared in accordance with the SEC's pay versus performance disclosure regulations for fiscal years 2025, 2024, 2023, 2022, and 2021.

Pay Versus Performance (PVP) Table

| Fiscal Year |     | Summary             
 Compensation Table  
 (SCT) Total for PEO |           |     | Compensation Actually Paid (CAP) to PEO(1) |           |   |     | Average SCT Total for Non-PEO NEOs(2) |           |     | Average CAP to Non-PEO NEOs(3) |           |     | Value of Initial Fixed $100 
 Investment Based On:        
 Neogen TSR                  |       |     | S&P MidCap     
 400 Health     
 Care Index TSR |       |     | Net (Loss) Income 
 (in millions)     |          |   |     | Adjusted EBITDA   
 (Company          
 Selected Measure) 
 (in millions)     |       |
|:------------|:----|:--------------------|----------:|:----|:-------------------------------------------|----------:|:--|:----|:--------------------------------------|----------:|:----|:-------------------------------|----------:|:----|:----------------------------|------:|:----|:---------------|------:|:----|:------------------|---------:|:--|:----|:------------------|------:|
| 2025        |     | $                   | 6,824,891 |     | $                                          |  (457,682 | ) |     | $                                     | 2,241,470 |     | $                              |    90,305 |     |                             |  16.5 |     |                | 102.8 |     | $                 | (1,092.