Extreme Networks Executive Compensation Details
Ticker: EXTR · Form: DEF 14A · Filed: Sep 27, 2024 · CIK: 1078271
| Field | Detail |
|---|---|
| Company | Extreme Networks Inc (EXTR) |
| Form Type | DEF 14A |
| Filed Date | Sep 27, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $26,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, DEF14A, governance
TL;DR
Extreme Networks DEF 14A out: exec comp details for FY24, equity awards galore.
AI Summary
Extreme Networks Inc. filed its DEF 14A on September 27, 2024, detailing executive compensation for the fiscal year ending June 30, 2024. The filing includes information on equity awards granted, outstanding, and vested for both principal executive officers (PEO) and non-PEO named executive officers. Specific dollar amounts and dates related to these awards are presented within the compensation tables.
Why It Matters
This filing provides shareholders with transparency into how executive compensation is structured and awarded, impacting company governance and investor confidence.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and does not appear to contain new material events or significant financial distress.
Key Numbers
- FY2024 — Fiscal Year End (Executive compensation reporting period)
- FY2023 — Previous Fiscal Year End (Comparative compensation data)
Key Players & Entities
- EXTREME NETWORKS INC (company) — Filer
- 0000950170-24-110012 (filing_id) — Accession Number
- 20240927 (date) — Filing Date
- 0630 (date) — Fiscal Year End
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose is to provide shareholders with information regarding the company's annual meeting of shareholders, including details on executive compensation, director nominations, and other corporate governance matters.
What fiscal year does the executive compensation data primarily cover?
The executive compensation data primarily covers the fiscal year ending June 30, 2024.
What type of compensation is detailed in the filing?
The filing details equity awards, including those granted, outstanding, and vested, for principal executive officers (PEO) and non-PEO named executive officers.
Where is Extreme Networks Inc. headquartered?
Extreme Networks Inc.'s business address is located at 2121 RDU Center Drive, Suite 300, Morrisville, NC 27560.
What is the company's SIC code?
The Standard Industrial Classification (SIC) code for Extreme Networks Inc. is 3576, which falls under COMPUTER COMMUNICATIONS EQUIPMENT.
Filing Stats: 4,695 words · 19 min read · ~16 pages · Grade level 14.7 · Accepted 2024-09-27 16:16:34
Key Financial Figures
- $26,000 — sements that are not expected to exceed $26,000 in the aggregate. Voting Results We
Filing Documents
- extr-20240927.htm (DEF 14A) — 2743KB
- img46111466_0.jpg (GRAPHIC) — 14KB
- img46111466_1.jpg (GRAPHIC) — 27KB
- img46111466_2.jpg (GRAPHIC) — 5KB
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- img46111466_12.jpg (GRAPHIC) — 8KB
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- img46111466_14.jpg (GRAPHIC) — 22KB
- img46111466_15.jpg (GRAPHIC) — 174KB
- img46111466_16.jpg (GRAPHIC) — 31KB
- img46111466_17.jpg (GRAPHIC) — 64KB
- img46111466_18.jpg (GRAPHIC) — 54KB
- img46111466_19.jpg (GRAPHIC) — 616KB
- img46111466_20.jpg (GRAPHIC) — 38KB
- img46111466_21.jpg (GRAPHIC) — 5KB
- img46111466_22.jpg (GRAPHIC) — 493KB
- img46111466_23.jpg (GRAPHIC) — 272KB
- 0000950170-24-110012.txt ( ) — 8105KB
- extr-20240927.xsd (EX-101.SCH) — 15KB
- extr-20240927_htm.xml (XML) — 313KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 35
EXECUTIVE COMPENSATION AND OTHER MATTERS
EXECUTIVE COMPENSATION AND OTHER MATTERS 37 Executive Officers 37 Fiscal 2024 Compensation Decisions 37 COMPENSATION DISCUSSION AND ANALYSIS 38 Executive Summary 38 Fiscal 2024 Compensation Was Closely Aligned With Performance 39 Compensation Philosophy and Objectives 41 Compensation Best Practices 42 2023 "Say on Pay" Advisory Vote on Executive Compensation 43 Compensation-Setting Process 43 Compensation Consultant 43 Peer Group Selection and Review 43 Compensation Program Elements 44 Fiscal 2024 Summary Compensation Table 52 Grants of Plan-Based Awards 53 Summary of Employment and Other Agreements 54 Outstanding Equity Awards at Fiscal Year-End 58 Option Exercises and Stock Vested During Last Fiscal Year 59 Estimated Payments Upon Termination or Upon Change in Control 59 CEO Pay Ratio 61 Pay Versus Performance 62 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 66 EQUITY COMPENSATION PLAN INFORMATION 67 NON-GAAP MEASURES OF FINANCIAL PERFORMANCE 68 REPORT OF THE COMPENSATION COMMITTEE 71 REPORT OF THE AUDIT COMMITTEE 72 2023 PROXY STATEMENT ii STOCKHOLDER PROPOSALS TO BE PRESENTED AT NEXT ANNUAL MEETING 73 Transaction of Other Business 73 Delivery to Stockholders Sharing the Same Last Name and Address 73 COMMUNICATING WITH EXTREME NETWORKS 75 EXHIBIT A: AMENDED AND RESTATED 2013 EQUITY INCENTIVE PLAN A- 1 2023 PROXY STATEMENT iii PROXY STATEMENT INFORMATION CONCERNING SOLICITATION AND VOTING General Our Board of Directors (our "Board") is soliciting your proxy for the 2024 Annual Meeting of Stockholders to be held on Thursday, November 14, 2024, or at any postponements or adjournments of the meeting, for the purposes set forth in the accompanying Notice of Annual Meeting of Stockholders. This proxy statement and related materials are first being made available to stockholders on or about September 27, 2024. References in this prox