Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 31

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 31
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’s had a higher base salary at time of entry into the agreement), for fiscal year 2018 and all future contract years subject to the CEO’s employment agreement entered into on July 1, 2017 (the “Agreement”), which automatically renewed effective each January 1st following the initial five year term for a one year term. Since Mr. Garrabrants was appointed CEO in 2007, his salary has been set pursuant to the Agreement and he has not received a base salary increase during the term of the Agreement.

#### Total Performance-Based Compensation

#### The Individual Factor
The individual factor allows the Compensation Committee to determine specific non-financial management business objectives (“MBOs”) that are not reflected in realized net income. The individual factor is determined based upon predetermined goals set by the Compensation Committee and discussed with the CEO prior to the fiscal year with 1.0 representing satisfactory achievement of all objectives, but may range from 0.8 (failure to achieve objectives) to a maximum of 1.2 (exceeds satisfactory achievement of all objectives). With respect to performance against the MBOs, the members of our Compensation Committee evaluated the CEO’s performance against the MBOs. The evaluation included an analysis of Mr. Garrabrants’ performance against all of his individual MBOs, which included, but were not limited to: achievement of satisfactory results from audits, regulatory examinations, and other risk-reviews, capturing meaningful new business relationships, successfully completing acquisitions of other companies, launch and improvement of software platforms, enhancing the executive team, and creating new business units. After conducting a thorough review of Mr. Garrabrants’ performance against the MBOs, the Compensation Committee determined that Mr. Garrabrants’ MBO performance had been achieved at target and set the individual factor for performance equal to 0.95 for fiscal year 2025. Mr. Garrabrants’ fiscal year 2025 accomplishments include, but are not limited to:

• Achieved record revenue and book value per share.

• Increased loans by $1.8 billion to $21.0 billion.

• Increased deposits by $1.4 billion to $20.8 billion

#### CEO Short-Term Cash Incentive Compensation

#### Fiscal Year 2025 Calculation
In the Agreement, the Chief Executive Officer’s short-term cash incentive is set in accordance with the following formula (“Annual Cash Bonus Formula”):

<div align='center'>Annual Cash Bonus ($) = Annual Target Cash Bonus × (Individual Factor) + 2