Company: CTLPP
Filing Date: 2025-09-08
Form Type: 10-K
Source: 0001628280-25-041775
Chunk: 29

Company: CANTALOUPE, INC.
Filing Date: 2025-09-08
Form: 10-K
Item: Item 11
Chunk 29
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Item 11. Executive Compensation. 

Compensation Discussion & Analysis

The following Compensation Discussion and Analysis (“CD&A”) provides information regarding our executive compensation philosophy, the elements of our executive compensation program, and the factors that were considered in the compensation actions and decisions for our named executive officers during fiscal 2025. The CD&A should be read together with the compensation tables and related disclosures set forth elsewhere herein.

Named Executive Officers

During fiscal 2025, our named executive officers (“NEOs”) were as follows:

•Ravi Venkatesan (Chief Executive Officer)

•Scott Stewart (Chief Financial Officer)

•Jeffrey Dumbrell (Chief Revenue Officer)

•Gaurav Singal (Chief Technology Officer)

•Anna Novoseletsky (Chief Legal and Compliance Officer)

Fiscal Year 2025 Compensation Highlights

Elements of Compensation

The components of our NEO compensation program are summarized in the table below, and more detailed discussions of each component follow:

ElementKey CharacteristicsWhy We Pay This ElementHow We DetermineBase Salary•Fixed compensation component payable in cash. Reviewed annually and adjusted when appropriate.•Provide a base level of competitive cash compensation for executive talent.•Experience, job scope, and individual performance.•Market and peer data

95

Annual Bonus•Variable compensation component payable in cash based on performance as compared to Company and/or individual performance goals.•Motivate and reward executives for performance on key operational, financial, and personal measures during the year.•Organizational and/or individual performance. Discretionary bonuses are based on various factors, including past performance.•Market and peer data.•2025 Financial Goals Based on: Revenue, Adjusted EBITDA, Monthly Recurring Revenue Growth.Equity Awards•Variable compensation component payable in restricted stock, restricted stock units, and/or stock options.•Alignment of long-term interests of management and shareholders and retention of executive talent.•Organizational and/or individual performance.•Outstanding Performance-Based Options Goals Based on: Share Price.Perquisites and Other Personal Benefits•Provide basic competitive health, welfare, and 401(k) benefits.•Provide market-standard benefits programs to our workforce.•Periodic review of benefits provided generally to all employees.

Incentive Plan Performance

Annual bonuses for fiscal year 2025 were awarded based on the achievement of predetermined corporate goals and the Board of Directors discretionary evaluation (discretion made up 15% of the predetermined corporate goals). The corporate goals were based on the Company’s Adjusted EBITDA (40%), Revenue (25%), Monthly Recurring Revenue Growth (20%), as detailed in