Company: CXDO
Filing Date: 2025-10-20
Form Type: DEF 14A
Source: 0001654954-25-011941
Chunk: 23

Company: Crexendo, Inc.
Filing Date: 2025-10-20
Form: DEF 14A
Chunk 23
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 aggregate of 116,500 shares of our common stock                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (4) | As of December 31, 2024, Mr. Bash held unexercised options to purchase an aggregate of 126,500 shares of our common stock                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (5) | As of December 31, 2024, Mr. Williams held unexercised options to purchase an aggregate of 129,000 shares of our common stock                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (6) | As of December 31, 2024, Mr. Puri held unexercised options to purchase an aggregate of 111,500 shares of our common stock                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (7) | As of December 31, 2024, each of Jackson and Kim held unexercised options to purchase an aggregate of 15,000 shares of our common stock.                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (8) | As of December 31, 2024, Mr. Mihaylo held a consulting agreement with the Company. In exchange for his consulting services, Mr. Mihaylo is to receive monthly consideration of $14 or $168 annually.                                                                                                                                                                                                                                                                                                                                                                 |
| (9) | During the year ended December 31, 2024, Mr. Jackson provided $21 of marketing consulting services. These services ended October 31, 2024.                                                                                                                                                                                                                                                                                                                                                                                                                           |

| 13 |

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PROPOSAL II

ADVISORY APPROVAL OF THE COMPENSATION OF THE COMPANY’S NAMED

EXECUTIVE OFFICERS

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Shareholders have an opportunity to cast an advisory vote on compensation of executives as disclosed in this Proxy Statement. This proposal, commonly known as a “Say on Pay” proposal, gives shareholders the opportunity to approve, reject or abstain from voting with respect to our fiscal 2024 executive compensation programs and policies and the compensation paid to the named executive officers.

As discussed in the “Compensation Discussion and Analysis” section of this Proxy Statement, the primary objective of our compensation program, including our executive compensation program, is to help create long-term value for our shareholders by attracting and retaining talented executives, rewarding superior operating and financial performance, and aligning the long-term interests of our executives with those of our shareholders.

This proposal allows our shareholders to express their opinions regarding the decisions of the Compensation Committee on the prior year’s annual compensation to the named executive officers.