Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 8

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 8
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 Garrabrants                                          
 •Paul J. Grinberg                                             
 •Uzair Dada                                                   
 •Sara Wardell-Smith                                           |     | •James S. Argalas                                                                                                                                                    
 •James J. Court                                                                                                                                                      
 •Stefani D. Carter                                                                                                                                                   
 •Roque A. Santi                                                                                                                                                      |
| Terms will expire at the 2026 Annual Meeting of Stockholders. |     | Terms will expire at the 2027 Annual Meeting of Stockholders. |     | Terms will expire at the 2025 Annual Meeting of Stockholders unless re-elected for additional terms that will expire at the 2028 Annual Meeting of the Stockholders. |

The authorized number of directors may be changed by resolution of the Board of Directors. Any additional directorships resulting from an increase in the number of directors will be distributed among the three classes so that, as nearly as possible, each class will consist of one third of the directors. This classification of our Board of Directors may have the effect of delaying or preventing changes in our control or management. Our directors will hold office until their successors have been elected and qualified or until their earlier death, resignation, disqualification or removal for cause by the affirmative vote of the holders of at least 75% of our outstanding stock entitled to vote on election of directors.

The Board has determined that ten members of the Board meet the definition of “independent director” as the term is defined by applicable NYSE rules. Mr. Garrabrants is not an independent director because he is our President and Chief Executive Officer. In reaching these conclusions, the Board considered all relevant facts and circumstances with respect to any direct or indirect relationships between the Company and each of the non-management directors. The Board determined that any relationships that now exist, or that have existed in the past, between the Company and any of the non-management directors have no material effect on their independence.

All of the members of the Audit Committee, Compensation Committee and Nominating/Corporate Governance Committee of the Board of Directors of the Company are independent directors.

| 17 |

#### Corporate Governance

#### Board of Directors’ Leadership Structure
| Chairman of the Board of Directors |     | President and Chief Executive Officer |
| Paul J. Grinberg                   |     | Gregory Garrabrants                   |

The Board of Directors believes that this leadership structure best serves the Company at this time because it allows Mr. Garrabrants to focus on the Company’s operations and strategy.

Mr. Grinberg, among his other Board of Directors and committee