Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 626

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 3
Chunk 626
---
 employees (other than Mr. Korn) was estimated to be 9:1.

Because the SEC rules for identifying the median employee and calculating the pay ratio allow companies to use different methodologies, exemptions, estimates and assumptions, the above disclosure may not be comparable to the pay ratio reported by other companies and is only a reasonable estimate.

Pay Versus Performance

The following tables and related disclosures have been prepared in accordance with the SEC’s pay versus performance rules in Item 402(v) of Regulation S-K of the Exchange Act (“Item 402(v)”) and provide information about (i) executive compensation for our principal executive officer (“PEO”) and non-PEO NEOs and Company performance for the fiscal years listed below, (ii) the total compensation of our PEO and our non-PEO NEOs (collectively, the “Other NEOs”) as presented in the Summary Compensation Table (SRT) on page 20 and the “compensation actually paid” (“CAP”) to our PEO and our Other NEOs, as calculated pursuant to Item 402(v). The below tables and disclosures do not necessarily reflect value actually realized by the NEO or how the Compensation Committee evaluates compensation decisions in light of the Company’s performance or individual performance.

 97Table of Contents

PEO and non-PEO NEOs Compensation and Company Performance Disclosures

Year  Summary Compensation Table Total for PEO (1)    Compensation Actually Paid to PEO (1)    Average Summary Compensation Table Total for Other NEOs (2)    Average Compensation Actually Paid to Other NEOs (2)    Value of Fixed $100 Investment Based on Total Shareholder Return (3)   Net income/(loss) (In Thousands) 2024 $761  $739  $645  $633  $275  $1,677 2023 $509  $554  $475  $509  $97  $(362)

 (1)For 2023 and 2024, our PEO was Jeff Korn. (2)For 2024 and 2023, our Other NEOs were Jon Brinton, Anand Buch, Doug Gaylor, Ron Vincent, and David Wang. (3)The amounts represent an initial value of $100 on December 31, 2021 at the end of fiscal years ended December 31, 2023 and December