Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 9

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 9
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 input into a variety of stockholder related matters including board composition, executive compensation, peer group composition, etc. We ultimately held meetings and conference calls with 12 institutional stockholders representing approximately 48% of our total shares outstanding. Stockholders met with our Board Chair, the Chair of the Compensation Committee, and Company leadership from legal, finance, investor relations, and human resources.

<div align='center'>We contacted 15 institutional stockholders representing approximately 50% of total shares outstanding

We met with 12 institutional stockholders representing approximately 48% of shares outstanding

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TABLE OF CONTENTS

#### Stockholder Engagement Outcomes
The following table summarizes the key themes that we heard from stockholders and what we did in response:

| What We Heard                          |     |                                                                                                                                                             |     | What We Did                                                                                                                                                                                                                                                                          |
| Topic                                  |     | Feedback                                                                                                                                                    |     | Changes                                                                                                                                                                                                                                                                              |
| Board Composition                      |     | •Stockholders wanted to see more public company, sales and marketing, and capital markets experience represented on the Board.                              |     | PWe added two new directors to the Board, John Kedzierski, our new CEO, who has extensive sales and marketing experience, and Richard Shapiro, who has extensive public company and capital markets experience. Mr. Shapiro was also recommended by one of our largest stockholders. |
| Stock Ownership                        |     | •Stockholders wanted board members to have equity in the company so that their interests would be aligned with stockholders.                                |     | PWe adopted stock ownership guidelines for our directors, which require non-employee directors to acquire and hold a significant amount of Evolv stock.                                                                                                                              |
| Use of Performance-based Equity Awards |     | •Stockholders would like to see a significant portion of our equity-based compensation program be performance-based and tied to stockholder value creation. |     | P50% of our new CEO’s 2024 new hire equity awards and 50% of our executive officers’ annual equity awards in 2025 are performance-based and earned based on the achievement of aggressive stock price targets.                                                                       |
| Short-Term Annual Cash Incentive       
 Plan                                   |     | •Stockholders want more robust disclosure regarding the design of our short-term annual cash incentive plan.                                                
 •Stockholders prefer the use of free cash flow vs cash balance as a performance metric.                                                                     |     | PWe have provided more robust disclosure regarding the design of our fiscal 2024 short-term annual cash incentive plan