Company: SONM
Filing Date: 2025-06-24
Form Type: DEFN14A
Source: 0001213900-25-057305
Chunk: 38

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-24
Form: DEFN14A
Chunk 38
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/Orbic Nominees Messrs. Benedict and Johnson are both affiliates of Orbic and receive compensation from Orbic in connection with their service in their respective positions with Orbic. Mr. Benedict serves as an Executive Vice President of Corporate Development of Orbic and Mr. Johnson serves as an Executive Vice President of Financial Services of Orbic. Mr.Benedict has entered into an indemnification agreement with an affiliate of Orbic. Outside of standard compensatory arrangements commensurate with their services to Orbic, there are no other arrangements or understandings between or among Orbic and Messrs. Benedict and Johnson. AJP and Orbic anticipate entering into standard indemnification agreements with each of the AJP/Orbic Nominees relative to their nomination and participation in this proxy solicitation. Other than the foregoing, there are no arrangements or understandings between or among any of the Participants in this solicitation or any other person or persons pursuant to which the nomination of the AJP/Orbic Nominees described herein is to be made. Compensation of the Company’s Directors Except as otherwise described herein or otherwise provided in this Proxy Statement, if elected to the Board, the AJP/Orbic Nominees will not receive any compensation from Orbic or the other Participants to serve as directors. We expect, however, that they will receive whatever compensation the Board has established for non -employeedirectors of the Company unless and until the Board determines to change such compensation. According to the Company’s Proxy Statement, non -employeedirectors of the Company were entitled to receive the following compensation in fiscal year 2024: •Board retainer: $35,000 annually •Audit Committee Chair Retainer: $15,000 annually 21 •Compensation Committee Chair Retainer: $10,000 annually •Nominating and Corporate Governance Committee Chair Retainer: $7,500 annually •Audit Committee (non -chair) Member Retainer: $7,500 annually •Compensation Committee (non -chair) Member Retainer: $5,000 annually •Nominating and Corporate Governance Committee (non -chair) Member Retainer: $3,750 annually •Non -ExecutiveChairperson receives an additional annual equity award of restricted stock units having a grant date fair market value of $50,000 under the Companies Equity Incentive Plan. •Equity Grant: Annual award of restricted stock units with a value of $60,000 The Participants also believe that the Company maintains, at its expense, a policy of