Company: NCNO
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001193125-25-116870
Chunk: 16

Company: nCino, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 16
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 Compensation and Nominating and Corporate Governance Committees be independent. Under the rules of Nasdaq, a director will only qualify as an “independent director” if, in the opinion of that company’s board of directors, that person does not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director.Additionally, Compensation Committee members must not have a relationship with us that is material to the director’s ability to be independent from management in connection with the duties of a Compensation Committee member.Audit Committee members must also satisfy the independence criteria set forth in Rule10A-3under the Exchange Act. In order to be considered independent for purposes of Rule10A-3,a member of an Audit Committee of a listed company may not, other than in his or her capacity as a member of the Audit Committee, our board of directors or any other board committee, accept, directly or indirectly, any consulting, advisory or other compensatory fee from the listed company or any of its subsidiaries or be an affiliated person of the listed company or any of its subsidiaries.Our board of directors has undertaken a review of the independence of each director and considered whether each director has a material relationship with us that could compromise his or her ability to exercise independent judgment in carrying out his or her responsibilities. As a result of this review, our board of directors determined that, with the exception of our Executive Chairman of the Board, Pierre Naudé, and our President and Chief Executive Officer, Sean Desmond, each member of our board of directors is an “independent director” as defined under the applicable rules and regulations of the SEC and the listing requirements and rules of Nasdaq. In making these determinations, our board of directors reviewed and discussed information provided by the directors and by us with regard to each director’s business and personal activities and relationships as they may relate to us and our management, including the beneficial ownership of our common stock by eachnon-employeedirector.12
Board Leadership Structure Our corporate governance guidelines provide that the roles of Chairman of the Board and Chief Executive Officer may be separated or combined. In the event that the roles are combined, our corporate governance guidelines provide for the naming of a Lead Independent Director. Mr. Naudé was the Company’s Chief Executive Officer since nCino began operations through January 31, 2025. Mr. Naudé is currently still an employee of the Company as the Company’s Executive Chairman. During Mr. Naudé‘s service as both Chief Executive Officer and Chairman of the Board