Company: CTLPP
Filing Date: 2025-09-08
Form Type: 10-K
Source: 0001628280-25-041775
Chunk: 34

Company: CANTALOUPE, INC.
Filing Date: 2025-09-08
Form: 10-K
Item: Item 11
Chunk 34
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 Committee calculated an overall achievement on the fiscal 2025 corporate goals of 71.8%, as detailed in table below:

Performance MetricMinimumTargetMaximumActual AchievedPercent AchievedWeightingWeighted Percent AchievedAdjusted EBITDA ($)$43,000,000$47,800,000$53,000,000$46,740,00093.4%40%37.4%Revenue ($)$308,000,000$315,000,000$322,000,000$302,548,000—%25%—%Monthly Recurring Revenue Growth (%)10%15%20%11%82.2%20%16.4%Board Discretion (%)Not applicable.Not applicable.Not applicable.Not applicable.Not applicable.15%18.0%Total Corporate Percent Achieved71.8 %

No personal achievement levels were determined for each of our NEO’s in fiscal year 2025 as each NEO’s annual target bonus opportunity is equal to a percentage of their base salary, based on the achievement of corporate performance goals. The individual performance goals for each of our NEOs were primarily focused on projects and initiatives within the functional areas of each NEO to support the accomplishment of corporate goals. For fiscal 2025, the board approved 120% payout on the board discretionary target.

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Fiscal Year 2025 Annual Bonuses

Based on the results achieved above, fiscal year 2025 bonuses earned by each of our NEOs we calculated as set forth in the below table (and in the “Summary Compensation Table” below).

NameWeight of Corporate PortionTotal Percentage Achieved (A)Target Bonus (B)Fiscal 2025 Annual Bonus (A x B)Ravi Venkatesan100%71.8%$450,000$323,100Scott Stewart100%71.8%$208,000$149,344Jeffrey Dumbrell100%71.8%$208,000$149,344Gaurav Singal100%71.8%$186,559$133,949Anna Novoseletsky100%71.8%$175,000$125,650

Equity Awards

As described above, our Compensation Committee believes that equity awards are an essential component of an effective compensation program, because they provide a direct link between our shareholders’ interests and our employees, executive officers, directors, and advisors. Our Compensation Committee is therefore focused on emphasizing the importance of equity compensation awards in setting executive compensation.

Ravi Venk