Company: DOMO
Filing Date: 2025-05-13
Form Type: DEF 14A
Source: 0001505952-25-000062
Chunk: 47

Company: DOMO, INC.
Filing Date: 2025-05-13
Form: DEF 14A
Chunk 47
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 participate in the Executive Incentive Compensation Plan for fiscal 2025.

Incentive Plan Performance Metrics and Achievement

Under the Executive Incentive Compensation Plan, the compensation committee determined the performance metrics and related target levels of achievement required for payouts under the fiscal 2025 annual bonus awards. In May 2024, the compensation committee determined that, in the case of our named executive officers, the bonus awards would be eligible to be earned based on three corporate performance metric s: our fiscal 2025 ARR, weighted at 25%; billings, weighted at 50%; and adjusted free cash flow, weighted at 25%. The compensation committee believes that ARR, billings and adjusted free cash flow are appropriate corporate performance metrics for the named executive officers because these metric s were key indicators of our periodic performance and our progress in executing on our business strategy for fiscal 2025. Further, we believe that including ARR and billings as performance metrics during fiscal 2025 supports our strategic focus to drive further growth in our business.

For purposes of the named executive officers’ bonus awards:

• “ARR” or “annual recurring revenue” represented the total annualized contract value of active customer subscription contracts as of the measurement date;

• “billings” represented our total GAAP revenue plus the change in deferred revenue in a period; and

• “adjusted free cash flow” represented our GAAP net cash provided by (used in) operating activities, less purchases of property and equipment, excluding the effects of proceeds from shares issued in connection with the employee stock purchase plan and the net change in short-term payable financing.

The target levels of ARR, billings and adjusted free cash flow required for fiscal 2025 under the Executive Incentive Compensation Plan were as follows (in millions):

| Performance Metric             |     | Weighting |     | Threshold |     | Target |     | Maximum |
| ARR (Annual Recurring Revenue) |     | 25%       |     |     147.5 |     |  295.0 |     |   320.0 |
| Billings                       |     | 50%       |     |     205.0 |     |  310.0 |     |   335.0 |
| Adjusted Free Cash Flow        |     | 25%       |     |      -1.0 |     |    4.0 |     |    10.0 |

For the ARR goal, achievement of threshold performance would be responsible for 10%