Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 189

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 10
Chunk 189
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 Section 162(m) of the Internal Revenue Code. In certain situations, the Compensation Committee may approve compensation that will not be deductible under the requirements of Code Section 162(m) in order to ensure competitive levels of total compensation for our executive officers. For the years ended December 31, 2024 and 2023, the compensation paid to the NEOs did not exceed the limitations imposed by Code Section 162(m).

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Summary Compensation Table

The table below summarizes the total compensation paid or earned by each of our NEOs for the year ended December 31, 2024 (marked as “2024” in the year column), and for the year ended December 31, 2023 (marked as “2023” in the year column):

Name and Principal Position Year  Salary    Stock Awards (1)    Option Awards (1)    Non-Equity Incentive Plan (2)    All Other Compensation    Total Compensation  Jeff Korn (3) 2024 $325  $322  $-  $95  $19  $761 Chief Executive Officer 2023 $298  $113  $-  $86  $12  $509                            Steven G. Mihaylo 2024 $-  $-  $-  $-  $-  $- Former Chief Executive Officer 2023 $-  $-  $13  $-  $-  $13                            Doug Gaylor (4) 2024 $325  $268  $-  $95  $26  $714 Chief Operating Officer & President 2023 $325  $113  $-  $86  $23  $547                            Ron Vincent (5) 2024 $325  $268  $-  $95  $26  $714 Chief Financial Officer 2023 $300  $113  $-  $86  $25  $524                            Jon Brinton (6) 2024 $280  $188  $-  $95  $