Crexendo Inc. Files Definitive Proxy Statement for 2024 Annual Meeting

TL;DR

CXDO proxy filed - vote for directors on Aug 7th.

AI Summary

Crexendo, Inc. filed its definitive proxy statement on June 24, 2024, for its annual meeting of stockholders scheduled for August 7, 2024. The filing outlines the agenda for the meeting, which includes the election of directors and other corporate matters. The company is based in Tempe, Arizona, and operates in the telephone communications sector.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions regarding the company's leadership and strategic direction.

Risk Assessment

Risk Level: low — This is a routine proxy filing for an annual meeting, not indicating any immediate financial distress or significant operational changes.

Key Players & Entities

• Crexendo, Inc. (company) — Registrant
• August 7, 2024 (date) — Annual Meeting Date
• June 24, 2024 (date) — Filing Date
• Tempe, Arizona (location) — Company Headquarters

FAQ

Filing Documents

• cxdo_def14a.htm (DEF 14A) — 207KB
• cxdo_def14aimg125.jpg (GRAPHIC) — 1KB
• cxdo_def14aimg13.jpg (GRAPHIC) — 5KB
• cxdo_def14aimg253.jpg (GRAPHIC) — 2KB
• cxdo_def14aimg29.jpg (GRAPHIC) — 1KB
• cxdo_def14aimg6.jpg (GRAPHIC) — 6KB
• cxdo_def14aimg61.jpg (GRAPHIC) — 1KB
• cxdo_def14aimg7.jpg (GRAPHIC) — 6KB
• 0001654954-24-008047.txt ( ) — 239KB

From the Filing

DEF 14A 1 cxdo_def14a.htm DEF 14A cxdo_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A INFORMATION (Rule 14a-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. [ ]) Filed by Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as Permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Crexendo, Inc. (Name of Registrant as Specified in Its Charter) ______________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box). No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: ____________________________ (5) Total fee paid: __$[_____]________________________________________________ Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a) (2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: A Message from Our Chairman and Chief Executive Officer Dear Fellow Stockholders, On behalf of the entire Crexendo Board of Directors, I am pleased to invite you to Crexendo's 2024 Annual Meeting of Stockholders, which will be held on August 7 th , 2024, at 2:00 p.m. Pacific Time, at the Company's headquarters located at 1615 S. 52nd Street, Tempe, AZ 85281. As we have done each year, we are furnishing our proxy materials to stockholders primarily over the Internet. This process expedites your receipt of the proxy materials, reduces the cost of the Annual Meeting and conserves natural resources. Stockholders of record as of the close of business on June 10, 2024 will either receive a Proxy Card or a Notice of Internet Availability of Proxy Materials for the Annual Meeting. The notice contains instructions on how to access our Proxy Statement and Annual Report for the fiscal year ended December 31, 2023, and submit your proxy online. 2023 was a transformative year for Crexendo and we continue to make even more strides in 2024. I am profoundly proud and humbled to lead what I know is the best team in the Software as a Service (SaaS) and Unified Communications as a Service (UCaaS) sectors. We take our responsibility to our shareholders, licensees and customers very seriously and I believe our results confirm just that. We recently surpassed 4.5 million users on our award-winning platform. This achievement is not merely a statistic; it is a testament to the dedication of our exceptional team and our industry-leading partners and licensees. We have been recognized in G2's Spring 2024 Reports for outstanding customer service with 19 - 1st place rankings; we are very proud of that as it is based on real end-user feedback. We are also excited that we were the recipient of Frost & Sullivan's 2024 Competitive Strategy Leadership Award for Excellence in Cloud Communications. This award not only underscores our innovative strategies but also affirms our status as the fastest-growing telecommunications software platform in the industry. We maintained our streak of achieving GAAP profitability for the third consecutive quarter in Q1 2024 as well as non-GAAP net income for the 22nd consecutive quarter. These are just some of our more noteworthy accomplishments and we will not rest on our laurels – we will continue to improve and make certain we are providing the best software, customer solutions, and customer support in the industry while working every day to increase stockholder value. The spirit and energy of our employees is what has powered our excellent results, I could not be prouder of our team. Your vote is important to us. Even if you plan to attend the Annual Meeting, we recommend that you promptly submit your proxy with your voting instructions. You may do this over the Internet, as well as by telephone or mail. Please review the instructions regarding each of these options on your Proxy Card or Notice of Internet Availability of Proxy Materials. Thank you for your continued confidence in Crexendo. Sincerely, /s/ Jeffrey G. Korn Jeffrey G. Korn Chairman & CEO NOTICE OF ANNUAL MEETI

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View this DEF 14A filing on SEC EDGAR