Company: OSIS
Filing Date: 2025-10-22
Form Type: DEF 14A
Source: 0001104659-25-101517
Chunk: 23

Company: OSI SYSTEMS INC
Filing Date: 2025-10-22
Form: DEF 14A
Chunk 23
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 measurable pre-established targets. | ​ | ​ | ​ | ​ | ​ | ​ | In light of recent strong performance, we increased our target for our annual incentive program over both the prior year’s target and the prior year’s actual performance. | ​ | ​ | ​ | ​ | ​ | ​ | We are committed to having strong governance standards and continue to take steps to further this commitment. | ​ | ​ | ​ | ​ | ​ | ​ | We value the opinions and feedback we receive from, and we continue to engage with, our stockholders, and our executive compensation program directly reflects our stockholders’ input. | ​ |

1. Performance-Based Equity Awards for Named Executive Officers

| ​ | Except for one grant to a retiring NEO, 100% of the equity grants made to our Named Executive Officers during fiscal 2025 were performance-based and tied to pre-established targets. Our 2025 performance-based program established revenue and operating income targets which require significant annual growth as compared to baseline measurement levels. The revenue metric is weighted at 20%, and the operating income metric is weighted at 80%. | ​ | ​ |     | ​ |

24 | OSI SYSTEMS, INC. 2025 Proxy Statement

TABLE OF CONTENTS Proposal 3—Advisory Vote to Approve the Compensation of Our Named Executive Officers For the performance period ended June 30, 2025, compound annual revenue growth as compared to the baseline measurement level was 7.49%, and compound annual operating income growth as compared to the baseline measurement level was 17.47%. As a result, Mr. Mehra earned 5,812 shares in accordance with the program, and Mr. Chopra earned 55,631 shares in accordance with the program. 2. Increased Targets for Annual Incentive Program For fiscal year 2025, in light of recent strong performance, we increased our target goals over the prior year’s performance as set forth in the section titled “ Executive Compensation Program Elements—Annual Incentive Awards. ” 3. Commitment to Corporate Governance and Best Practices We are committed to having strong governance standards with respect to our compensation programs, procedures, and practices. We have taken the following actions to enhance our corporate governance and executive compensation policies: Engaged with stockholders and incorporated stockholder feedback when establishing our executive compensation programs to address specific stockholder feedback. Appointed a Lead Independent Director to further promote the independence of our Board and appropriate oversight of management and to facilitate free and open discussion and communication among