Company: NEWTP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001587987-25-000073
Chunk: 31

Company: NewtekOne, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 31
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 and recommendations based on these reviews, including with respect to salary adjustments and annual award amounts, are then presented to the Nominating Committee by the Chief Executive Officer. The Nominating Committee will review and approve the recommendations for consistency with the Company’s compensation policies.

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#### Setting Executive Compensation
During the course of each fiscal year, it has been the practice of the Chief Executive Officer to review the history of all the elements of each executive officer’s total compensation and the Chief Executive Officer may also compare the compensation of the executive officers with that of the executive officers in an appropriate market comparison group of companies with a capitalization similar to that of the Company. We seek to set compensation levels that are perceived as fair, internally and externally, and competitive with overall compensation levels at other companies in our industry, including larger companies from which we may want to recruit employees. However, the Company does not establish individual objectives in the range of comparative data for each individual or for each element of compensation. Typically, the Chief Executive Officer sets compensation with respect to the executive officers who report to him and presents it to the Nominating Committee for conformity with the Company’s overall compensation policies. The NEOs are not present at the time of these deliberations. The Nominating Committee then performs a similar review of the Chief Executive Officer’s total compensation and makes compensation decisions with respect to such officer, who does not participate in that determination.

We choose to pay each element of compensation in order to attract and retain the necessary executive talent, reward annual performance and provide incentive for balanced focus. The amount of each element of compensation is determined by or under the direction of our Nominating Committee, which may consider the following factors, among others, to determine the amount of salary and other benefits to pay each NEO:

• achievement of growth of our after tax net income, growth of revenues in our non-bank subsidiaries, ROAA, ROE, deposit growth at Newtek Bank and long-term competitive advantage;

• performance against competitors for the year;

• difficulty in achieving desired results in the coming year;

• value of their unique skills and capabilities to support long-term performance;

• contribution and growth as a member of the executive management team;

• professional development and growth of individual executives, the management team and other employees; and

• managerial assistance provided to our subsidiaries, including contributions to growth of revenues, operating efficiencies and operating earnings.

We do not establish individual goals or set specific financial reporting measures, but focus on the overall profitable growth of our