Company: CTLPP
Filing Date: 2025-10-10
Form Type: DEF 14A
Source: 0001628280-25-044777
Chunk: 28

Company: CANTALOUPE, INC.
Filing Date: 2025-10-10
Form: DEF 14A
Chunk 28
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 provide NEOs with an opportunity to receive additional cash compensation based on their performance and Company results, including the achievement of pre-determined Company and/or individual performance goals. Although the Compensation Committee intends that our annual bonus program should primarily rely on pre-established performance metrics and goals, the Compensation Committee also retains flexibility to include discretionary elements in our program so that the program may be adapted to adequately suit its retentive purpose and reflect performance that may not be adequately captured in pre-established, objective metrics.

Annual bonuses for fiscal year 2025 were awarded based on the achievement of predetermined corporate goals and the Board of Directors discretionary evaluation (discretion made up 15% of the predetermined corporate goals). The corporate goals were based on the Company’s Adjusted EBITDA (40%), Revenue (25%), and Monthly Recurring Revenue Growth (20%), as detailed in the table below:

|                                      |     | Weight |     | Rationale                                                                                                                                                                                        |
| Adjusted EBITDA ($)                  |     | 40%    |     | These metrics appropriately incentivized our NEOs to achieve sustainable growth in fiscal year 2025, while setting challenging goals that, if achieved, would deliver value to our shareholders. |
| Revenue ($)                          |     | 25%    |     |                                                                                                                                                                                                  |
| Monthly Recurring Revenue Growth (%) |     | 20%    |     |                                                                                                                                                                                                  |
| Board Discretion (%)                 |     | 15%    |     | -                                                                                                                                                                                                |

| Adjusted EBITDA 
 (40%)           |     | x |     | Revenue 
 (25%)   |     | x |     | Monthly Recurring 
 Revenue Growth    
 (20%)             |     | x |     | Board Discretion (15%) |     | = |     | Annual Bonus 
 Payout       |

See “Executive Officer Employment Arrangements” on page 58 for more information.

Achievement below the Minimum level as established in the below table would result in a “Percent Achieved” of 0% for the applicable metric. Achievement at the Target level would result in a “Percent Achieved” of 100% for the applicable metric. And achievement at the Maximum level would result in a “Percent Achieved” of 130% for the applicable metric. Each metric was capped at a “Percent Achieved” of 130%. Payouts are interpolated on a linear basis for achievement between the levels set forth in the table. The Compensation Committee selected the Adjusted EBITDA, Revenue, and Monthly