Company: OSIS
Filing Date: 2025-10-22
Form Type: DEF 14A
Source: 0001104659-25-101517
Chunk: 43

Company: OSI SYSTEMS INC
Filing Date: 2025-10-22
Form: DEF 14A
Chunk 43
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 relation to (i) our TSR, (ii) our net income and (iii) our operating income, in each case for 2021, 2022, 2023, 2024, and 2025. We also show below the relationship between our TSR and the TSR of our peer group over this period. OSI SYSTEMS, INC. 2025 Proxy Statement | 49

TABLE OF CONTENTS EXECUTIVE COMPENSATION COMPENSATION ACTUALLY PAID VS. TSR COMPENSATION ACTUALLY PAID VS. NET INCOME We do not consider net income to be one of our most important financial performance measures and, accordingly, it is not utilized in our compensation programs. We believe there is limited relationship, if any, between compensation actually paid and net income. Net income in fiscal year 2022 included a $27.4 million pre-tax gain on sale of a property in a sale-leaseback transaction. 50 | OSI SYSTEMS, INC. 2025 Proxy Statement

TABLE OF CONTENTS EXECUTIVE COMPENSATION

COMPENSATION ACTUALLY PAID VS. OPERATING INCOME

We consider the following to be the most important financial performance measures we used to link compensation actually paid to our NEOs to company performance for fiscal year 2025.

| ​ | FINANCIAL PERFORMANCE MEASURES | ​ |
| ​ | Revenue                        | ​ |
| ​ | Operating Income (EBIT)        | ​ |
| ​ | AROE                           | ​ |

PENSION BENEFITS We maintain the Defined Benefit Plan. The Defined Benefit Plan constitutes an unsecured promise by the Company to make payments to participants upon vesting. Mr. Chopra is currently the only participant in the Defined Benefit Plan. Under the terms of his participation, Mr. Chopra is entitled to a total benefit of $14.5 million (as adjusted for certain CPI increases) payable over a multi-year period, which commenced January 1, 2024 with a final payment on April 1, 2030. The initial payment was $5.25 million and the remaining payments will be in quarterly installments. Mr. Chopra is fully vested in all benefits under the Defined Benefit Plan. In the event of Mr. Chopra’s death or disability, he or his dependents shall receive the present value of the remaining retirement benefits payable within 60 days following his death or disability, as applicable. In the event of Mr. Chopra’s Separation from Service (