Company: NCNO
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001193125-25-116870
Chunk: 15

Company: nCino, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 15
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 focused on private equity, from November 2013 to December 2015. Prior to that, Mr. Ruh served as Managing Principal of Castle Creek Capital from January 1994 to November 2013, a private equity firm, which heco-founded.Mr. Ruh also serves on the boards of several private companies and as Chairman of the board of America One Racing, anon-profitcreating USA’s future sailing champions. Mr. Ruh holds a B.S. in Marine Transportation from the State University of New York Maritime College and an MBA from the Duke University Fuqua School of Business.We believe Mr. Ruh is qualified to serve on our board of directors based on his expertise in the financial services and technology industries.11

#### CORPORATE GOVERNANCEClassified Board of DirectorsOur board of directors currently consists of ten members and is divided into three classes of directors that serve staggered three-year terms. Effective after the Annual Meeting, the board of directors will consist of eight members.At each annual meeting of stockholders, a class of directors will be elected for a three-year term to succeed the same class whose term is then expiring. As a result, only one class of directors will be elected at each annual meeting of our stockholders, with the other classes continuing for the remainder of their respective three-year terms.Each director’s term continues until the election and qualification of his or her successor, or his or her earlier death, resignation or removal. Our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws authorize only our board of directors to fill vacancies on our board of directors. Any increase or decrease in the number of directors will be distributed among the three classes so that, as nearly as possible, each class will consist ofone-thirdof the directors.As discussed below and herein, the Company’s Management Proposal (Proposal Four) recommends amending the Company’s Amended and Restated Certificate of Incorporation to provide for the declassification of the board of directors. If Proposal Four is approved, we will amend our Amended and Restated Certificate of Incorporation to phase out the classification of the terms of our board of directors and to provide instead for the annual election of directors. For more information, see Proposal Four below.Director IndependenceUnder the rules of The Nasdaq Global Select Market (“Nasdaq”), independent directors must comprise a majority of a listed company’s board of directors. In addition, the rules of Nasdaq require that, subject to specified exceptions, each member of a listed company’s Audit,