Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 26

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 26
---
’s compensation programs against the desired objectives.

We are asking our shareholders to indicate their support for our named executive officer compensation by voting "FOR" the following resolution:

“RESOLVED, that the shareholders of Inotiv, Inc. approve, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in this proxy statement pursuant to the SEC’s executive compensation disclosure rules, including compensation tables and narrative disclosures.”

Although this vote is non-binding, the Board and the Compensation Committee value the views of our shareholders and will review the voting results. We currently conduct advisory votes on executive compensation every three years, and we expect to conduct the next advisory vote at our 2028 annual meeting of shareholders, depending on the results of the Say on Frequency proposal, below.

Our Board recommends a vote “FOR” the advisory resolution approving executive compensation.

PROPOSAL 4 – ADVISORY VOTE ON THE FREQUENCY OF THE ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS

In accordance with Section 14A of the Exchange Act, our shareholders are being asked to vote, on a non-binding, advisory basis, on how frequently they would like to cast future Say on Pay votes. By voting on this proposal, commonly known as a “Say on Frequency” proposal, our shareholders may indicate whether they would prefer that we conduct future advisory votes on executive compensation once every one, two, or three years. Our prior Say on Frequency vote occurred in 2019. At that year’s meeting, shareholders agreed with the Board’s recommendation that advisory votes on executive compensation should occur every three years. Although the Say on Frequency vote is non-binding, the Board and the Compensation Committee value the views of our shareholders and will take into account the results of this year’s Say on Frequency vote in determining the frequency of future Say on Pay votes.

After careful consideration of the frequency alternatives, the Board believes that continuing to conduct an advisory vote on executive compensation every three years is currently appropriate for Inotiv, Inc. and our shareholders. The Board believes that the goals of our executive compensation programs of supporting the long-term interests of the Company and long-term value creation for its shareholders are best served by an advisory vote to approve the compensation of the named executive officers in three-year intervals. The Board is concerned that this long-term focus could be compromised and undermined by holding such vote with any greater frequency by shifting the focus of executive compensation to short-term performance measures. In addition, the Board believes that three-year intervals