Company: MDXG
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001376339-25-000048
Chunk: 45

Company: MIMEDX GROUP, INC.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 45
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76,440 |     | 92% |     | 80%    |

The net sales attainment was below the target level, achieving 95% of target attainment for this metric. This level of attainment resulted in a payout of 77% with respect to the net sales goal. The Adjusted EBITDA goal attainment was below the target level, achieving a 92% attainment for this metric. This level of attainment resulted in a payout of 80% with respect to the Adjusted EBITDA goal. The commercial/research/operational goals were attained resulting in an 100% attainment for this metric. The overall Company performance with respect to these goals was therefore at the 85% level. The Committee reviewed other achievements and factors related to the year but following this review chose not to exercise the Committee’s discretion to recommend up or down modifications with respect to the Company’s calculated bonus achievement for 2024. As a result, the Committee recommended and the Board approved that each of our currently serving NEOs received annual cash bonuses at 85% of their respective target bonus opportunities.

Equity Awards

As further discussed below, Mr. Capper was not eligible for an equity grant in 2024 under the terms of his January 2023 Letter Agreement.

Only one of our currently serving NEOs, Mr. Hulse, met the continuous service condition required for vesting of our standard PSU grants from 2022. With respect to the 2022 PSU grants, the Committee reviewed the Company’s results compared to performance targets set in the 2022 PSU and determined that the vesting had been achieved at 129%, and therefore paid out a final award to Mr. Hulse in the amount of 76,510 shares.

Ms. Maersk-Moller received special grants in connection with her promotion as detailed below.

#### Agreements with our Executive Officers
Agreements with Mr. Capper

The Company entered into a Letter Agreement with Mr. Capper in January 2023, providing Mr. Capper with the following compensation in connection with his service as Chief Executive Officer:

1. an annual salary of $750,000;

2. an annual bonus opportunity of 100% of base salary, based on the achievement of Company financial targets and individual objectives as determined by the Board;

3. 3,300,000 performance stock units and a non-qualified stock option (“ Option ”) for 3,600,000 shares of the Company’s common stock; and

4. eligibility to participate in