Company: IMXI
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001683695-25-000058
Chunk: 75

Company: International Money Express, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 75
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 shares (composed of 1,148,437 shares that were available for grant under the 2020 Plan as of March 31, 2025 and 2,520,000 newly approved shares), reduced by the number of shares granted under the 2020 Plan after March 31, 2025 and prior to the Restatement Effective Date. We view this share replenishment as necessary and reasonable to provide a predictable amount of equity for attracting, retaining, and motivating key employees, consultants, and advisors.

In setting and recommending to stockholders the number of additional shares to authorize under the A&R 2020 Plan, the Board considered the historical number of equity awards granted under the 2020 Plan, as well as the Company's three-year average burn rate for the preceding three fiscal years as follows:

| Fiscal Year        |     | Stock Options Granted (a) |     | RSUs/RSAs Granted (b) |     | PSUs Earned (c)(1) |     | Basic Weighted Average Common Shares Outstanding (d) |     | Run Rate (a+b+c)÷d |
| 2024               |     | —                         |     |               411,240 |     |            142,600 |     |                                           32,430,755 |     | 1.7%               |
| 2023               |     | —                         |     |               330,214 |     |            343,000 |     |                                           35,604,582 |     | 1.9%               |
| 2022               |     | —                         |     |               319,922 |     |                  — |     |                                           37,733,047 |     | 0.8%               |
| Three-Year average |     |                           |     |                       |     |                    |     |                                                      |     | 1.5%               |

(1) 224,850 PSUs were granted in 2024, 318,386 PSUs were granted in 2023, and 131,224 PSUs were granted in 2022.

The 3,668,437 shares (total pool) and 2,520,000 shares (incremental increase) represent 12.0% and 8.2%, respectively, of the Company's outstanding common shares (measured as of March 31, 2025). The resulting fully-diluted overhang, assuming stockholder approval of the A&R