Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 62

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 62
---
.......................................................................................................   |     |                          $300,000 |
| Mike Otworth...........................................................................................................  |     |                          $300,000 |
| Dr. John Scott.......................................................................................................... |     |                          $300,000 |

We did not modify the base salary or service fee rates of any of the NEOs during 2024. However, we increased the base salary and service fee rates of the NEOs in January 2025. 2024 Bonus Compensation Each of Messrs. Haskell and Otworth and Dr. Scott is eligible for a target 2024 annual bonus opportunity equal to $300,000 based on Innventure’s performance against certain goals established by the board of directors of Innventure, LLC. The 2024 bonus goals and applicable weighting percentages are set forth on the table below:

| 2024 Bonus Goal                                                                            | Weighting | Goal Achieved?(yes or no) |
| Formation of a new (4th) operating company                                                 | 25%       | Yes                       |
| Complete the Business Combination with more than $20 million of netproceeds                | 50%       | Yes                       |
| Meeting each of the following milestones (or a achieving a certain threshold share price): |           |                           |
| •Formation of a new (4th) operating company                                                | 10%       | Yes                       |
| •$10 million of booked revenue for Accelsius                                               | 10%       | No                        |
| •$15 million of GAAP revenue for AeroFlexx                                                 | 5%        | No                        |

The 2024 bonuses were also subject to a stretch goal (formation of a new (5 th ) operating company), which would have resulted in an additional 50% payout. In 2025, the Compensation Committee (and the Board wi th respect to Mr. Haskell) determined that 85% of the 2024 bonus goals were achieved (as shown in the table above) and that the stretch goal was not achieved. As such, the Committee (or Board, as applicable), determined that each NEO notionally earned a payout percentage of 85% of the target bonus, which corresponds to the following payout amounts: $255,000 for Mr. Haskell; $255,000 for Mr. Otworth; and $255,000 for Dr. Scott. Payout of such amounts is generally contingent on the NEO’s continued service through the date of payment. Such amounts are expected to be disclosed in a future Summary Compensation Table