Company: IIIV
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001728688-25-000006
Chunk: 39

Company: i3 Verticals, Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 39
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 at a Compensation Committee meeting held during the first quarter of the fiscal year ended September 30, 2024, the Chief Executive Officer and the then-serving Chief Financial Officer summarized their assessment of the performance during the previous year of each member of the executive team, including their recommendations on compensation for such members of the executive team. Following this presentation and Compensation Committee discussion, the Compensation Committee discussed and approved the compensation for each member of the executive team, for the fiscal year ended September 30, 2024.

Impact of Say-on-Pay Vote Results

The Company held its first annual Say-on-Pay vote in connection with its annual meeting of stockholders held on February 22, 2024 (the “2024 Annual Meeting”). At the 2024 Annual Meeting, approximately 97% of the votes cast by our stockholders, excluding broker non-votes, were voted in favor of the Company’s advisory Say-on-Pay proposal with respect to the compensation of our named executive officers as described in our proxy statement for our 2024 Annual Meeting (the “2024 Proxy Statement”). Although the Say-on-Pay vote is advisory (which means that the votes is not binding on the Company, the Board or the Compensation Committee), the Compensation Committee and the Board value the opinions of stockholders and is mindful of the level of support received from our stockholders in the Say-on-Pay vote at our 2024 Annual Meeting, and will review the voting results at this Annual Meeting and future annual meetings of stockholders in connection with its ongoing evaluation of our compensation philosophy and compensation decisions.

#### Executive Compensation for 2024
Program Elements

The 2024 executive compensation program primarily consisted of:

• Base salaries;

• Annual cash bonuses; and

• Equity incentive compensation, principally in the form of stock options.

Peer Group Analysis

The Compensation Committee has engaged FW Cook in previous fiscal years to conduct a peer group compensation analysis with respect to compensation payable to executives, including in respect of the fiscal year ended September 30, 2023 as described in the Company’s 2024 Proxy Statement. The Company did not engage FW Cook to conduct such a peer group compensation analysis (and did not otherwise conduct such a peer group compensation analysis) in respect of compensation payable to the Company’s executives for the fiscal year ended September 30, 2024, but may engage FW Cook to conduct (or may otherwise conduct) a peer group compensation analysis in future fiscal years.

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Base Salary

We seek to