Company: DOMO
Filing Date: 2025-05-13
Form Type: DEF 14A
Source: 0001505952-25-000062
Chunk: 45

Company: DOMO, INC.
Filing Date: 2025-05-13
Form: DEF 14A
Chunk 45
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 Executive Incentive Compensation Plan allows our compensation committee to provide incentive awards to employees selected by our compensation committee, including our named executive officers, based upon performance goals established by our compensation committee. Pursuant to the Executive Incentive Compensation Plan, our compensation committee and our board of directors, in their sole discretion, establish a target award for each executive, with actual awards payable in the form of cash or equity awards, as determined by our compensation committee and our board of directors in their sole discretion, with respect to the applicable performance period. For fiscal 2025, the bonus payment was based entirely on the achievement of corporate performance objectives, with no individual performance component. The compensation committee did not include any individual performance component and based bonuses entirely on corporate objectives to encourage management to collectively work as a team to achieve company-wide objectives that the compensation committee considered important for our company’s success for the fiscal year.

The compensation committee administered the Executive Incentive Compensation Plan. As the administrator of the plan, the compensation committee may, in its sole discretion and at any time, increase, reduce or eliminate a participant’s actual award for a particular performance period. The actual award may be below, at or above a participant’s target annual bonus award, in the discretion of the administrator. Further, the administrator may determine the amount of any increase, reduction or elimination on the basis of such factors as it deems relevant, and it is not required to establish any allocation or weighting with respect to the factors it considers.

Fiscal 2025 Target Short-Term Incentive Compensation Opportunities

Bonus awards under our Executive Incentive Compensation Plan were based upon target short-term incentive compensation opportunities as approved by our compensation committee. In March 2024, the compensation committee reviewed the target annual bonus award opportunities of our named executive officers for fiscal 2025. Following this review and after taking into consideration the factors described in the section entitled “Compensation—Setting Process—Setting Target Total Direct Compensation” above, the compensation committee established target short-term incentive compensation opportunities for our named executive officers (other than Mr. Crane) for fiscal 2025 as shown below.

| Named Executive Officer |     | Fiscal 2024 Base Salary ($) |     | Fiscal 2024 Target Bonus (as % of Base Salary) |     | Fiscal 2024 Target Bonus ($) |     | Fiscal 2025 Base Salary ($) |     | Fiscal 2025 Target Bonus (as % of Base Salary) |     | Fiscal 2025 Target Bonus ($)(1) |
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