Company: AFRM
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001628280-25-046264
Chunk: 29

Company: Affirm Holdings, Inc.
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 29
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except with respect to his own base salary), the Compensation Committee makes adjustments to base salary as they determine to be reasonable and necessary to reflect the scope of a named executive officer’s performance, individual contributions and responsibilities. The Compensation Committee also considers positioning in the case of a promotion and market conditions.

In June 2024 , the Compensation Committee reviewed the base salaries of our named executive officers, taking into consideration a competitive market analysis prepared by Semler Brossy and the recommendations of our CEO (except with respect to his own base salary), as well as the other factors described in “ Compensation-Setting Process—Setting Base Salaries, Long-Term Incentive Compensation Opportunities and Annual Incentive Compensation Opportunities ” above. Following this review, the Compensation Committee determined to adjust the base salaries of each of our named executive officers, effective as of July 1, 2024 , to bring their base salaries to levels that were comparable to those of similarly situated executives in the competitive marketplace (other than our CEO’s base salary which was adjusted by our Board to comply wit h minimum wage requirements under applicable San Francisco laws in effect at that time) .

During fiscal 2025, the base salaries of our named executive officers were as follows:

| Named Executive Officer |     | Fiscal 2024 Ending Base Salary 
 ($)                            |   |         |     | Fiscal 2025 Base Salary 
 ($)                     |         |         |     | Percentage Adjustment 
 (%)                   |   |   |
| Max Levchin             |     |                                |   |  37,586 |     |                         |         |  38,834 |     |                       | 3 | % |
| Rob O’Hare(1)           |     |                                | — |         |     |                         | 475,000 |         |     |                       | — | % |
| Michael Linford         |     |                                |   | 475,000 |     |                         |         | 500,000 |     |                       | 5 | % |
| Libor Michalek          |     |                                |   | 475,000 |     |                         |         | 500,000 |     |                       | 5 | % |
| Katherine Adkins        |     |                                |   | 425,000 |     |                         |         | 450,000 |     |                       | 6 | % |

(1) Mr. O’Hare was not a named executive officer in fiscal 2024 as he was promoted to