| July | | | By order of the Board of Directors | |
| Austin, Texas | | | | |
| | | | William G. Stone III Chief Executive Officer | |
| | YOUR VOTE IS IMPORTANT | | |
| | All stockholders are invited to attend the Annual Meeting. Whether or not you expect to attend the Annual Meeting, please vote over the telephone or the internet as instructed in these materials, or, if you receive a paper proxy card by mail, by completing and returning the proxy card mailed to you, as promptly as possible in order to ensure your representation at the Annual Meeting. Even if you have voted by proxy, you may still attend the Annual Meeting. Please note, however, that if your shares are held of record by a broker, bank or other nominee and you wish to vote at the Annual Meeting, you must follow the instructions from you broker, bank or other nominee. | | |
NAME | | | AGE | | | POSITION | |
Robert Deutschman(1) | | | | | Chair of the Board & Nominee | | |
Roy H. Chestnutt(2) | | | | | Current Director & Nominee | | |
Holly Hess Groos(3) | | | | | Current Director & Nominee | | |
Mohan S. Gyani(4) | | | | | Current Director & Nominee | | |
Jeffrey Karish(5) | | | | | Current Director & Nominee | | |
Mollie V. Spilman(6) | | | | | Current Director & Nominee | | |
Michelle Sterling(7) | | | | | Current Director & Nominee | | |
William G. Stone III | | | | | Chief Executive Officer, Current Director & Nominee | |
| | THE BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS VOTE “FOR” EACH OF THE DIRECTOR NOMINEES. | | |
| Audit Committee | | | Compensation and Human Capital Management Committee | | | Nominating and Corporate Governance Committee | |
| Holly Hess Groos* | | | Jeffrey Karish* | | | Mohan S. Gyani* | |
| Roy H. Chestnutt | | | Mohan S. Gyani | | | Robert Deutschman | |
| Robert Deutschman | | | Mollie V. Spilman | | | Michelle Sterling | |
| | | | Michelle Sterling | | | | |
| | | Female | | | Male | | | Non-Binary | | | Did not Disclose Gender | | ||||||||||||
Part I: Gender Identity | | | | | | | | | | | | | | | | | | | | | | | | | |
Directors | | | | | 3 | | | | | | 5 | | | | | | — | | | | | | — | | |
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | |
African American or Black | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Alaskan Native or Native American | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Asian | | | | | — | | | | | | 1 | | | | | | — | | | | | | — | | |
Hispanic or Latinx | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Native Hawaiian or Pacific Islander | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
White | | | | | 3 | | | | | | 4 | | | | | | — | | | | | | — | | |
Two or More Races or Ethnicities | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
LGBTQ+ | | | — | | |||||||||||||||||||||
Did Not Disclose Demographic Background | | | — | |
| | Board Diversity Matrix (As of July 18, 2023) | | | ||||||||||||||||
| | Board Size: | | | ||||||||||||||||
| | Total Number of Directors | | | | 8 | | | ||||||||||||
| | | | | | Female | | | | Male | | | | Non-Binary | | | | Did not Disclose Gender | | |
| | Part I: Gender Identity | | | | | | | | | | | | | | | | | | |
| | Directors | | | | 3 | | | | 5 | | | | — | | | | — | | |
| | Part II: Demographic Background | | | | | | | | | | | | | | | | | | |
| | African American or Black | | | | — | | | | — | | | | — | | | | — | | |
| | Alaskan Native or Native American | | | | — | | | | — | | | | — | | | | — | | |
| | Asian | | | | — | | | | 1 | | | | — | | | | — | | |
| | Hispanic or Latinx | | | | — | | | | — | | | | — | | | | — | | |
| | Native Hawaiian or Pacific Islander | | | | — | | | | — | | | | — | | | | — | | |
| | White | | | | 3 | | | | 4 | | | | — | | | | — | | |
| | Two or More Races or Ethnicities | | | | — | | | | — | | | | — | | | | — | | |
| | LGBTQ+ | | | | — | | | ||||||||||||
| | Did Not Disclose Demographic Background | | | | — | | |
NAME | | | AGE | | | POSITION | |
Barrett Garrison | |||||||
| | 47 | | | Executive Vice President and Chief Financial Officer | | |
Matthew Gillis | | | 51 | | | President | |
Senthil Kanagaratnam | | | 49 | | | Chief Technology Officer | |
Michael B. Miller | | | 48 | | | Chief Accounting Officer | |
NEO | | FY 2021 Base Salary | | Increase | | FY 2022 Base Salary | | | FY 2022 Base Salary | | Increase | | FY 2023 Base Salary | | ||||||||||||||||||||||||
William Stone | | | $ | 550,000 | | | | $ | 25,000 | | | | $ | 575,000 | | | | | $ | 575,000 | | | | $ | 50,000 | | | | $ | 625,000 | | | ||||||
Barrett Garrison | | | $ | 350,000 | | | | $ | 15,000 | | | | $ | 365,000 | | | | | $ | 365,000 | | | | $ | 35,000 | | | | $ | 400,000 | | | ||||||
Matthew Gillis | | | | — | | | | | — | | | | $ | 400,000 | | | | | $ | 400,000 | | | | | — | | | | $ | 400,000 | | | ||||||
Senthil Kanagaratnam | | | | — | | | | | — | | | | $ | 400,000 | | | ||||||||||||||||||||||
Michael Miller | | | | — | | | | | — | | | | $ | 275,000 | | | | | $ | 275,000 | | | | $ | 35,000 | | | | $ | 310,000 | | | ||||||
Christine Collins | | | $ | 300,000 | | | | | — | | | | $ | 300,000 | | |
Performance measure | | | Performance Goals Relative TSR (Company compared to the S&P Software and Services Select Industry Index) | | Relative TSR Multiplier | | | | Performance Goals Relative TSR (Company compared to the S&P Software and Services Select Industry Index) | | Relative TSR Multiplier | | ||||||||||||||||||||||||||||||||||||||||||||
| Threshold | | Target | | Stretch | | Threshold | | Target | | Stretch | | | Threshold | | Target | | Stretch | | Threshold | | Target | | Stretch | | |||||||||||||||||||||||||||||||
Relative TSR | | 2+ CAGR percentage points above | | 7+ CAGR percentage points above | | 12+ CAGR percentage points above | | | | 100% | | | | | 110% | | | | | 120% | | | | 2+ CAGR percentage points above | | 7+ CAGR percentage points above | | 12+ CAGR percentage points above | | | | 100% | | | | | 110% | | | | | 120% | | |
| | | | Threshold 100% Vesting | | | Target 150% Vesting | | | Stretch 200% Vesting | |
| Hurdle #1: Absolute TSR | | | 3.0x grant date closing price | | | 3.5x grant date closing price | | | 4.0x grant date closing price | |
| Hurdle #2: Relative TSR | | | Index CAGR + 2% | | | Index CAGR + 4% | | | Index CAGR + 6% | |
| July | | | Members of the Compensation Committee | |
| | | | Jeffrey Karish (Chair) Mohan S. Gyani Mollie V. Spilman Michelle Sterling | |
Position | | Fiscal Year Ended March 31, | | Salary ($) | | Bonus ($) | | Non-Equity Incentive Plan Compensation | | Stock Awards ($)(1) | | Option Awards ($)(1) | | All Other Compensation ($)(2) | | Total ($) | | | Fiscal Year Ended March 31, | | Salary ($) | | Bonus ($) | | Non-Equity Incentive Plan Compensation | | Stock Awards ($)(1) | | Option Awards ($)(1) | | All Other Compensation ($)(2) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
William G. Stone III Chief Executive Officer | | | | | 2022 | | | | | 575,000 | | | | | 134,000 | | | | | 514,000 | | | | | 4,875,000 | | | | | 1,625,000 | | | | | 25,317 | | | | | 7,748,317 | | | | | | | 2023 | | | | | 625,000 | | | | | 62,500 | | | | | — | | | | | 5,625,000 | | | | | 1,875,000 | | | | | 28,942 | | | | | 8,216,442 | | | ||||||||||||||
| | | 2021 | | | | | 550,000 | | | | | 165,000 | | | | | 572,200 | | | | | 500,000 | | | | | 485,294 | | | | | 25,376 | | | | | 2,297,870 | | | | | | 2022 | | | | | 575,000 | | | | | 134,000 | | | | | 514,000 | | | | | 4,875,000 | | | | | 1,625,000 | | | | | 25,317 | | | | | 7,748,317 | | | |||||||||||||||||
| | | 2020 | | | | | 550,000 | | | | | 63,300 | | | | | 237,800 | | | | | 250,000 | | | | | 330,924 | | | | | 14,073 | | | | | 1,446,097 | | | | | | 2021 | | | | | 550,000 | | | | | 165,000 | | | | | 572,200 | | | | | 500,000 | | | | | 485,294 | | | | | 25,376 | | | | | 2,297,870 | | | |||||||||||||||||
Barrett Garrison Executive Vice President and Chief Financial Officer | | | | | 2022 | | | | | 365,000 | | | | | 64,000 | | | | | 242,000 | | | | | 1,500,000 | | | | | 500,000 | | | | | 25,562 | | | | | 2,696,562 | | | | | | | 2023 | | | | | 400,000 | | | | | 40,000 | | | | | — | | | | | 2,100,000 | | | | | 700,000 | | | | | 31,385 | | | | | 3,271,385 | | | ||||||||||||||
| | | 2021 | | | | | 350,000 | | | | | 70,000 | | | | | 242,700 | | | | | 200,000 | | | | | 194,118 | | | | | 24,273 | | | | | 1,081,091 | | | | | | 2022 | | | | | 365,000 | | | | | 64,000 | | | | | 242,000 | | | | | 1,500,000 | | | | | 500,000 | | | | | 25,562 | | | | | 2,696,562 | | | |||||||||||||||||
| | | 2020 | | | | | 335,000 | | | | | 38,600 | | | | | 144,900 | | | | | 162,500 | | | | | 165,462 | | | | | 13,071 | | | | | 859,433 | | | | | | 2021 | | | | | 350,000 | | | | | 70,000 | | | | | 242,700 | | | | | 200,000 | | | | | 194,118 | | | | | 24,273 | | | | | 1,081,091 | | | |||||||||||||||||
Michael B. Miller (3) Chief Accounting Officer | | | | 2022 | | | | | 275,000 | | | | | 66,603 | | | | | — | | | | | — | | | | | — | | | | | 10,362 | | | | | 351,965 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew Gillis (4) President | | | | 2022 | | | | | 400,000 | | | | | 100,000 | | | | | — | | | | | — | | | | | — | | | | | 6,190 | | | | | 506,190 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Christine Collins (5) Former Chief Technology Officer | | | | | 2022 | | | | | 300,000 | | | | | 150,000 | | | | | — | | | | | — | | | | | — | | | | | 18,050 | | | | | 468,050 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 300,000 | | | | | 201,000 | | | | | — | | | | | — | | | | | 246,000 | | | | | 13,078 | | | | | 760,078 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 300,000 | | | | | 150,000 | | | | | — | | | | | — | | | | | 228,438 | | | | | 11,073 | | | | | 689,511 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew Gillis (3) President | | | | | 2023 | | | | | 400,000 | | | | | — | | | | | — | | | | | 900,000 | | | | | 300,000 | | | | | 36,715 | | | | | 1,636,715 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 400,000 | | | | | 100,000 | | | | | — | | | | | — | | | | | — | | | | | 6,190 | | | | | 506,190 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senthil Kanagaratnam (4) Chief Technology Officer | | | | 2023 | | | | | 400,000 | | | | | 250,000(5) | | | | | — | | | | | 1,650,000 | | | | | 550,000 | | | | | 8,597 | | | | | 2,858,597 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael B. Miller Chief Accounting Officer | | | | | 2023 | | | | | 310,000 | | | | | — | | | | | — | | | | | 475,693 | | | | | 170,766 | | | | | 30,660 | | | | | 987,119 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | | 275,000 | | | | | 66,603 | | | | | — | | | | | — | | | | | — | | | | | 10,362 | | | | | 351,965 | | |
Name | | Grant Date | | | Estimated future payouts under non-equity incentive plan awards | | Estimated future payouts under equity incentive plan awards | | | All other stock awards: Number of shares of stock or units (#) | | Option Awards: Number of Shares Underlying Options (#)(1) | | Exercise Price of Option Awards ($/Share) | | Grant date Fair Value of Stock & Option Awards ($)(1) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | Estimated future payouts under non-equity incentive plan awards | | Estimated future payouts under equity incentive plan awards | | | All other stock awards: Number of shares of stock or units (#) | | Option Awards: Number of Shares Underlying Options (#)(1) | | Exercise Price of Option Awards ($/Share) | | Grant date Fair Value of Stock & Option Awards ($)(1) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | | Threshold ($) | | Target ($) | | Maximum ($) | | Threshold (#) | | Target (#) | | Maximum (#) | | | All other stock awards: Number of shares of stock or units (#) | | Option Awards: Number of Shares Underlying Options (#)(1) | | Exercise Price of Option Awards ($/Share) | | Grant date Fair Value of Stock & Option Awards ($)(1) | | | Grant Date | | Threshold ($) | | Target ($) | | Maximum ($) | | Threshold (#) | | Target (#) | | Maximum (#) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 230,000 | | | | | 460,000(7) | | | | | 920,000 | | | | | — | | | | | — | | | | | — | | | | | | | 5/27/2022 | | | | | 250,000 | | | | | 500,000(2) | | | | | 1,000,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||
William G. Stone III Chief Executive Officer | | | 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | 12,000 | | | | | 24,000(5) | | | | | 48,000 | | | | | — | | | | | — | | | | | — | | | | | 1,625,000 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | 35,165 | | | | | 70,330(3) | | | | | 140,660 | | | | | — | | | | | — | | | | | — | | | | | 1,875,000 | | | |||||||||||||||||||||
| 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 48,000(6) | | | | | — | | | | | — | | | | | 3,250,000 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 140,660(4) | | | | | — | | | | | — | | | | | 3,750,000 | | | |||||||||||||||||||||||
| 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 41,265(2) | | | | | 67.71 | | | | | 1,625,000 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 113,436(5) | | | | | 29.33 | | | | | 1,875,000 | | | |||||||||||||||||||||||
| 6/1/2021 | | | | 109,500 | | | | | 219,000(7) | | | | | 438,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | 5/27/2022 | | | | | 160,000 | | | | | 320,000(2) | | | | | 640,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||
Barrett Garrison Executive Vice President and Chief Financial Officer | | | 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | 3,692 | | | | | 7,384(5) | | | | | 14,768 | | | | | — | | | | | — | | | | | — | | | | | 500,000 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | 13,129 | | | | | 26,257(3) | | | | | 52,514 | | | | | — | | | | | — | | | | | — | | | | | 700,000 | | | |||||||||||||||||||||
| 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 14,769(6) | | | | | — | | | | | — | | | | | 1,000,000 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 52,513(4) | | | | | — | | | | | — | | | | | 1,400,000 | | | |||||||||||||||||||||||
| 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 12,697(2) | | | | | 67.71 | | | | | 500,000 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 42,349(5) | | | | | 29.33 | | | | | 700,000 | | | |||||||||||||||||||||||
| 4/14/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,063(3) | | | | | 84.10 | | | | | 150,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael B. Miller Chief Accounting Officer | | 8/23/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16,802(4) | | | | | 51.19 | | | | | 497,675 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew Gillis President | | | 1/5/2022 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,662(9) | | | | | 55.71 | | | | | 258,976 | | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | 5,627 | | | | | 11,253(3) | | | | | 22,506 | | | | | — | | | | | — | | | | | — | | | | | 300,000 | | | ||||||||||||||||||||
| 1/5/2022 | | | | — | | | | | ��� | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 22,438(8) | | | | | — | | | | | — | | | | | 1,250,000 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 22,505(4) | | | | | — | | | | | — | | | | | 600,000 | | | |||||||||||||||||||||||
Matthew Gillis President | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 18,150(5) | | | | | 29.33 | | | | | 300,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 11/7/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 135,135(7) | | | | | — | | | | | — | | | | | 1,650,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 11/7/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 69,005(8) | | | | | 12.21 | | | | | 550,000 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael B. Miller Chief Accounting Officer | | | | | 4/14/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,808(6) | | | | | 36.98 | | | | | 170,766 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 4/14/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,157(9) | | | | | — | | | | | — | | | | | 227,686 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 12/7/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,837(10) | | | | | — | | | | | — | | | | | 248,000 | | |
| | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | | Option Awards | | Stock Awards | | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | Number of shares or units of stock that have not vested (#) | | Market value of shares or units of stock that have not vested(6) ($) | | Equity incentive plan awards: number of unearned shares, units or other rights that have not vested | | Equity incentive plan awards: market or payout value of unearned shares, units or other rights that have not vested(6) ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | Number of shares or units of stock that have not vested (#) | | Market value of shares or units of stock that have not vested(6) ($) | | Equity incentive plan awards: number of unearned shares, units or other rights that have not vested | | Equity incentive plan awards: market or payout value of unearned shares, units or other rights that have not vested(6) ($) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
William G. Stone III (1) Chief Executive Officer | | | 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 48,000 | | | | | 2,102,880 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 24,000 | | | | | 1,051,440 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6/1/2021 | | | | — | | | | | 41,265 | | | | | 67.71 | | | | | 6/1/2031 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6/1/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,735 | | | | | 689,350 | | | | | — | | | | | — | | | | | | | 5/27/2022 | | | | | — | | | | | 113,436 | | | | | 29.33 | | | | | 5/27/2032 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||
| 6/1/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 37,764 | | | | | 1,654,441 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 140,660 | | | | | 1,738,558 | | | | | — | | | | | — | | | |||||||||||||||||||
| 6/1/2020 | | | | 62,254 | | | | | 80,061 | | | | | 6.62 | | | | | 6/1/2030 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 70,330 | | | | | 869,279 | | | |||||||||||||||||||
| 6/1/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,763 | | | | | 121,047 | | | | | — | | | | | — | | | | | | 6/1/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 27,000 | | | | | 333,720 | | | | | — | | | | | — | | | |||||||||||||||||||
| 6/1/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 33,156 | | | | | 1,452,564 | | | | | | 6/1/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 24,000 | | | | | 296,640 | | | |||||||||||||||||||
| 6/1/2019 | | | | 137,486 | | | | | 12,514 | | | | | 3.77 | | | | | 6/1/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 6/1/2021 | | | | | 18,053 | | | | | 23,212 | | | | | 67.71 | | | | | 6/1/2031 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| 2/2/2017 | | | | 247,500 | | | | | — | | | | | 0.71 | | | | | 2/2/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 5/31/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,098 | | | | | 25,931 | | | | | — | | | | | — | | | |||||||||||||||||||
| 5/26/2016 | | | | 100,000 | | | | | — | | | | | 1.06 | | | | | 5/26/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 5/31/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 37,764 | | | | | 466,763 | | | |||||||||||||||||||
| 12/9/2015 | | | | 175,000 | | | | | — | | | | | 1.43 | | | | | 12/9/2025 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 5/31/2020 | | | | | 100,806 | | | | | 41,509 | | | | | 6.42 | | | | | 5/31/2030 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| 7/8/2014 | | | | 200,000 | | | | | — | | | | | 4.11 | | | | | 7/8/2024 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 5/31/2019 | | | | | 150,000 | | | | | — | | | | | 3.77 | | | | | 5/31/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| 11/25/2013 | | | | 300,000 | | | | | — | | | | | 2.54 | | | | | 11/25/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 7/8/2014 | | | | | 200,000 | | | | | — | | | | | 4.11 | | | | | 7/8/2024 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
Barrett Garrison (2) Executive Vice President and Chief Financial Officer | | | 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 14,769 | | | | | 647,030 | | | | | — | | | | | — | | | | | | | 5/27/2022 | | | | | — | | | | | 42,349 | | | | | 29.33 | | | | | 5/27/2032 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||
| 6/1/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,384 | | | | | 323,493 | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 52,513 | | | | | 649,061 | | | | | — | | | | | — | | | |||||||||||||||||||
| 6/1/2021 | | | | — | | | | | 12,697 | | | | | 67.71 | | | | | 6/1/2031 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 26,257 | | | | | 324,537 | | | |||||||||||||||||||
| 6/1/2020 | | | | — | | | | | — | | | | | ��� | | | | | — | | | | | 6,300 | | | | | 276,003 | | | | | — | | | | | — | | | | | | 6/1/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 8,308 | | | | | 102,687 | | | | | — | | | | | — | | | |||||||||||||||||||
| 6/1/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,106 | | | | | 661,794 | | | | | | 6/1/2021 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,384 | | | | | 91,266 | | | |||||||||||||||||||
| 6/1/2020 | | | | 33,204 | | | | | 23,722 | | | | | 6.62 | | | | | 6/1/2030 | | | | | | | | | | | | | | | | | | | | | | | | | | 6/1/2021 | | | | | 5,554 | | | | | 7,143 | | | | | 67.71 | | | | | 6/1/2031 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| 6/1/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,810 | | | | | 79,296 | | | | | — | | | | | — | | | | | | 5/31/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 839 | | | | | 10,370 | | | | | — | | | | | — | | | |||||||||||||||||||
| 6/1/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 21,552 | | | | | 944,193 | | | | | | 5/31/2020 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,106 | | | | | 186,710 | | | |||||||||||||||||||
| 6/1/2019 | | | | 68,701 | | | | | 6,299 | | | | | 3.77 | | | | | 6/1/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 5/31/2020 | | | | | 53,763 | | | | | 3,163 | | | | | 6.42 | | | | | 5/31/2030 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| 8/4/2017 | | | | 100,000 | | | | | — | | | | | 1.09 | | | | | 8/4/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 5/31/2019 | | | | | 75,000 | | | | | — | | | | | 3.77 | | | | | 5/31/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| 2/2/2017 | | | | 135,000 | | | | | — | | | | | 0.71 | | | | | 2/2/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 8/4/2017 | | | | | 100,000 | | | | | — | | | | | 1.09 | | | | | 8/4/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| 9/12/2016 | | | | 450,000 | | | | | — | | | | | 1.37 | | | | | 9/12/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 2/2/2017 | | | | | 135,000 | | | | | — | | | | | 0.71 | | | | | 2/2/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
Christine Collins (3) Former Chief Technology Officer | | | 4/14/2021 | | | | 935 | | | | | 2,128 | | | | | 84.10 | | | | | 4/14/2031 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4/17/2020 | | | | 30,153 | | | | | 60,288 | | | | | 5.12 | | | | | 4/17/2030 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5/21/2019 | | | | 94,418 | | | | | 5,582 | | | | | 3.88 | | | | | 5/21/2029 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6/7/2018 | | | | 40,000 | | | | | — | | | | | 1.68 | | | | | 6/7/2028 | | | | | — | | | �� | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3/19/2018 | | | | 250,000 | | | | | — | | | | | 2.38 | | | | | 3/19/2028 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael B. Miller (4) Chief Accounting Officer | | 8/23/2021 | | | | 3,262 | | | | | 13,540 | | | | | 51.19 | | | | | 8/23/2031 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew Gillis (5) President | | | 1/5/2022 | | | | — | | | | | 7,662 | | | | | 55.71 | | | | | 1/5/2032 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1/5/2022 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 26,257 | | | | | 1,150,319 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Barrett Garrison (2) Executive Vice President and Chief Financial Officer | | | | | 9/12/2016 | | | | | 450,000 | | | | | — | | | | | 1.37 | | | | | 9/12/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 5/27/2022 | | | | | — | | | | | 18,150 | | | | | 29.33 | | | | | 5/27/2032 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 22,505 | | | | | 278,162 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 5/27/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 11,253 | | | | | 139,087 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 1/5/2022 | | | | | 2,979 | | | | | 4,683 | | | | | 55.71 | | | | | 1/5/2032 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 1/5/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 13,781 | | | | | 170,333 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 11/7/2022 | | | | | — | | | | | 69,005 | | | | | 12.21 | | | | | 11/7/2032 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 11/7/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 135,135 | | | | | 1,670,269 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 12/7/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,837 | | | | | 195,745 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 4/14/2022 | | | | | 2,272 | | | | | 5,166 | | | | | 36.98 | | | | | 4/14/2032 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 4/14/2022 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,157 | | | | | 76,101 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 8/23/2021 | | | | | 8,867 | | | | | 7,935 | | | | | 51.19 | | | | | 8/23/2031 | | | | | — | | | | | — | | | | | — | | | | | — | | |
| | Option Awards | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||
Name | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||
| Number of Shares Acquired on Exercises (#) | | Value Realized on Exercise ($)(1) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($)(2) | | | Number of Shares Acquired on Exercises (#) | | Value Realized on Exercise ($)(1) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($)(2) | | |||||||||||||||||||||||||||||||||
William G. Stone III Chief Executive Officer | | | | 50,000 | | | | | 2,028,500 | | | | | 185,535 | | | | | 11,707,545 | | | | | | 822,500 | | | | | 11,856,315 | | | | | 101,743 | | | | | 2,347,540 | | | ||||||||
Barrett Garrison Executive Vice President and Chief Financial Officer | | | | — | | | | | — | | | | | 107,258 | | | | | 6,763,551 | | | | | | — | | | | | — | | | | | 55,798 | | | | | 1,338,485 | | | ||||||||
Christine Collins Former Chief Technology Officer | | | | 100,000 | | | | | 5,918,400 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||
Matthew Gillis President | | | | — | | | | | — | | | | | 8,657 | | | | | 129,262 | | | |||||||||||||||||||||||||||||
Senthil Kanagaratnam Chief Technology Officer | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||
Michael B. Miller Chief Accounting Officer | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
Matthew Gillis President | | | | — | | | | | — | | | | | — | | | | | — | | |
Name | | Base Salary ($)(1) | | Annual Bonus ($)(2) | | Health Plan Payments ($)(3) | | Accelerated Vesting of Options(4)/ Restricted Stock(5) ($) | | | Base Salary ($)(1) | | Annual Bonus ($)(2) | | Health Plan Payments ($)(3) | | Accelerated Vesting of Options(4)/ Restricted Stock(5) ($) | | ||||||||||||||||||||||||||||||||
William G. Stone III Chief Executive Officer | | | | 575,000 | | | | | 648,000 | | | | | 18,026 | | | | | 2,674,980 | | | | | | 625,000 | | | | | 62,500 | | | | | 20,609 | | | | | 866,234 | | | ||||||||
Barrett Garrison Executive Vice President, Chief Financial Officer | | | | 365,000 | | | | | 306,000 | | | | | 15,912 | | | | | 1,386,027 | | | |||||||||||||||||||||||||||||
Barrett Garrison Executive Vice President and Chief Financial Officer | | | | 400,000 | | | | | 40,000 | | | | | 19,069 | | | | | 323,271 | | | |||||||||||||||||||||||||||||
Matthew Gillis President | | | | 400,000 | | | | | 100,000 | | | | | 19,425 | | | | | — | | | | | | 400,000 | | | | | — | | | | | 20,715 | | | | | 696,636 | | | ||||||||
Senthil Kanagaratnam Chief Technology Officer | | | | 400,000 | | | | | — | | | | | 19,853 | | | | | 1,710,797 | | |
Name | | Monthly Payment | | | Monthly Payment | | ||||||||
William Stone | | | $ | 1,502 | | | | | $ | 1,717 | | | ||
Barrett Garrison | | | $ | 1,326 | | | | | $ | 1,589 | | | ||
Matthew Gillis | | | $ | 1,619 | | | | | $ | 1,726 | | | ||
Senthil Kanagaratnam | | | $ | 1,654 | | |
Name | | | Base Salary ($)(1) | | | Annual Bonus ($)(2) | | | Health Plan Payments ($)(3) | | | Accelerated Vesting of Options(4)(5)/ Restricted Stock(6) ($) | | ||||||||||||
William G. Stone III Chief Executive Officer | | | | | 862,500 | | | | | | 648,000 | | | | | | 27,038 | | | | | | 10,209,307 | | |
Barrett Garrison Executive Vice President, Chief Financial Officer | | | | | 547,500 | | | | | | 306,000 | | | | | | 23,868 | | | | | | 4,007,906 | | |
Christine Collins Former Chief Technology Officer | | | | | — | | | | | | — | | | | | | — | | | | | | 1,485,420 | | |
Michael B. Miller Chief Accounting Officer | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Matthew Gillis President | | | | | 600,000 | | | | | | 100,000 | | | | | | 29,137 | | | | | | 983,009 | | |
Name | | | Base Salary ($)(1) | | | Annual Bonus ($)(2) | | | Health Plan Payments ($)(3) | | | Accelerated Vesting of Options(4)(5)/ Restricted Stock(6) ($) | | ||||||||||||
William G. Stone III Chief Executive Officer | | | | | 937,500 | | | | | | 62,500 | | | | | | 30,913 | | | | | | 3,977,451 | | |
Barrett Garrison Executive Vice President and Chief Financial Officer | | | | | 600,000 | | | | | | 40,000 | | | | | | 28,603 | | | | | | 1,836,748 | | |
Matthew Gillis President | | | | | 600,000 | | | | | | — | | | | | | 31,073 | | | | | | 835,723 | | |
Senthil Kanagaratnam Chief Technology Officer | | | | | 600,000 | | | | | | — | | | | | | 29,780 | | | | | | 1,721,148 | | |
Michael B. Miller Chief Accounting Officer | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name | | Monthly Payment | | | Monthly Payment | | ||||||||
William Stone | | | $ | 1,502 | | | | | $ | 1,717 | | | ||
Barrett Garrison | | | $ | 1,326 | | | | | $ | 1,589 | | | ||
Matthew Gillis | | | $ | 1,619 | | | | | $ | 1,726 | | | ||
Senthil Kanagaratnam | | | $ | 1,654 | | |
| | | | | | | | | | | | | | | | | | | | Average Summary Compensation Table Total for non-PEO NEOs(3) | | | | Average Compensation Actually Paid to non-PEO NEOs(2)(3) | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||
| | Fiscal Year | | | | Summary Compensation Table Total for PEO(1) | | | | Compensation Actually Paid to PEO(2) | | | | Total Shareholder Return(4) | | | | Peer Group Total Shareholder Return(4) | | | | Net Income (in thousands)(5) | | | | Adjusted EBITDA (in thousands)(6) | | | | Net Revenue (in thousands)(7) | | | |||||||||||||||||||||||||||||||||||
| | (a) | | | | (b) | | | | (c) | | | | (d) | | | | (e) | | | | (f) | | | | (g) | | | | (h) | | | | (i) | | | | (j) | | | |||||||||||||||||||||||||||
| | 2023 | | | | | $ | 8,216,442 | | | | | | $ | (4,432,027) | | | | | | $ | 2,188,452 | | | | | | $ | 505,401 | | | | | | $ | 286.77 | | | | | | $ | 104.58 | | | | | | $ | 16,870 | | | | | | $ | 163,208 | | | | | | $ | 665,920 | | | |
| | 2022 | | | | | $ | 7,748,317 | | | | | | $ | (6,366,994) | | | | | | $ | 1,005,692 | | | | | | $ | (1,136,768) | | | | | | $ | 1,016.47 | | | | | | $ | 1,016.47 | | | | | | $ | 35,569 | | | | | | $ | 195,234 | | | | | | $ | 747,596 | | | |
| | 2021 | | | | | $ | 2,297,870 | | | | | | $ | 51,641,122 | | | | | | $ | 701,789 | | | | | | $ | 16,500,595 | | | | | | $ | 1,864.50 | | | | | | $ | 1,864.50 | | | | | | $ | 54,884 | | | | | | $ | 75,613 | | | | | | $ | 313,579 | | | |
| | 2020 | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | $ | 100.00 | | | | | | $ | 100.00 | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | |
| | | | | | PEO | | | |||||||||||||||||
| | | | | | FY 2021 | | | | FY 2022 | | | | FY 2023 | | | |||||||||
| | SCT Total | | | | | $ | 2,297,870 | | | | | | $ | 7,748,317 | | | | | | $ | 8,216,442 | | | |
| | - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(a) | | | | | $ | (985,294) | | | | | | $ | (6,500,000) | | | | | | $ | (7,500,000) | | | |
| | + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(b)(i) | | | | | $ | 18,317,049 | | | | | | $ | 4,156,000 | | | | | | $ | 3,429,608 | | | |
| | + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(b)(ii) | | | | | $ | 21,877,389 | | | | | | $ | (8,193,902) | | | | | | $ | (5,159,759) | | | |
| | + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year(b)(iii) | | | | | $ | 0 | | | | | | $ | 0 | | | | | | $ | 0 | | | |
| | | | | | PEO | | | |||||||||||||||||
| | | | | | FY 2021 | | | | FY 2022 | | | | FY 2023 | | | |||||||||
| | + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(b)(iv) | | | | | $ | 10,134,109 | | | | | | $ | (3,577,409) | | | | | | $ | (3,418,318) | | | |
| | - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year(b)(v) | | | | | $ | 0 | | | | | | $ | 0 | | | | | | $ | 0 | | | |
| | Compensation Actually Paid | | | | | $ | 51,641,122 | | | | | | $ | (6,366,994) | | | | | | $ | (4,432,027) | | | |
| | | | | | NEO | | | |||||||||||||||||
| | | | | | FY 2021 | | | | FY 2022 | | | | FY 2023 | | | |||||||||
| | SCT Total | | | | | $ | 701,789 | | | | | | $ | 1,005,692 | | | | | | $ | 2,188,452 | | | |
| | - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year | | | | | $ | (232,373) | | | | | | $ | (500,000) | | | | | | $ | (1,711,613) | | | |
| | + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year | | | | | $ | 4,395,144 | | | | | | $ | 711,412 | | | | | | $ | 1,098,100 | | | |
| | + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years | | | | | $ | 7,397,483 | | | | | | $ | (1,251,148) | | | | | | $ | (543,874) | | | |
| | + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | | | | | $ | 406,147 | | | | | | $ | 40,228 | | | | | | $ | 5,143 | | | |
| | + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | | | | | $ | 3,832,405 | | | | | | $ | (1,142,952) | | | | | | $ | (530,807) | | | |
| | - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | | | | | $ | 0 | | | | | | $ | 0 | | | | | | $ | 0 | | | |
| | Compensation Actually Paid | | | | | $ | 16,500,595 | | | | | | $ | (1,136,768) | | | | | | $ | 505,401 | | | |
| | | |
| | | |
| | Most Important Performance Measures | | |
| | Adjusted EBITDA | | |
| | Revenue | | |
| | Relative TSR | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Total ($) | | ||||||||||||||||||||||||
Robert Deutschman(2) | | | | 84,750 | | | | | 287,250 | | | | | 372,000 | | | | | | 83,500 | | | | | 282,250 | | | | | 365,750 | | | ||||||
Roy Chestnutt(3) | | | | 55,000 | | | | | 190,000 | | | | | 245,000 | | | | | | 55,000 | | | | | 190,000 | | | | | 245,000 | | | ||||||
Holly Hess Groos(4) | | | | 42,319 | | | | | 213,813 | | | | | 255,502 | | | | | | 58,750 | | | | | 195,000 | | | | | 253,750 | | | ||||||
Mohan S. Gyani(5) | | | | 57,375 | | | | | 192,500 | | | | | 249,875 | | | | | | 57,500 | | | | | 192,500 | | | | | 250,000 | | | ||||||
Jeffrey Karish(6) | | | | 55,750 | | | | | 192,000 | | | | | 247,750 | | | | | | 57,000 | | | | | 192,000 | | | | | 249,000 | | | ||||||
Mollie V. Spilman(7) | | | | — | | | | | 91,740 | | | | | 91,740 | | | | | | 53,000 | | | | | 185,000 | | | | | 238,000 | | | ||||||
Michelle Sterling(8) | | | | 52,875 | | | | | 190,250 | | | | | 243,125 | | | | | | 55,250 | | | | | 190,250 | | | | | 245,500 | | |
| | | Chair | | | Member | | ||||||
Annual retainers: | | | | ||||||||||
Board of Directors | | | | $ | 75,000 | | | | | $ | 50,000 | | |
Audit Committee | | | | $ | 20,000 | | | | | $ | 10,000 | | |
Compensation Committee | | | | $ | 11,500 | | | | | $ | 5,750 | | |
Nominating and Corporate Governance Committee | | | | $ | 9,000 | | | | | $ | 4,500 | | |
Annual equity grants: | | | | | | | | | | | | | |
Restricted stock value | | | | $ | 135,000 | | | | | $ | 90,000 | | |
| | Chair | | Member | | | Chair | | Member | | ||||||||||||||||
Annual retainers: | | | ||||||||||||||||||||||||
Annual retainers:. | | | ||||||||||||||||||||||||
Board of Directors | | | $ | 75,000 | | | | $ | 50,000 | | | | | $ | 75,000 | | | | $ | 50,000 | | | ||||
Audit Committee | | | $ | 20,000 | | | | $ | 10,000 | | | | | $ | 20,000 | | | | $ | 10,000 | | | ||||
Compensation Committee | | | $ | 14,000 | | | | $ | 6,000 | | | | | $ | 14,000 | | | | $ | 6,000 | | | ||||
Nominating and Corporate Governance Committee | | | $ | 9,000 | | | | $ | 4,500 | | | | | $ | 9,000 | | | | $ | 4,500 | | | ||||
Annual equity grants: | | | | | | | | | | | | | | | | | | | | | | | ||||
Restricted stock value | | | $ | 275,000 | | | | $ | 185,000 | | | | | $ | 275,000 | | | | $ | 185,000 | | |
| Non-employee directors | | | 3x annual cash retainer | |
| CEO | | | 5x annual base salary | |
| COO | | | 2x annual base salary | |
| | | Common Stock | | |||||||||
Name and Address of Beneficial Owner(1) | | | Number of Shares(2) | | | Percentage of Class | | ||||||
Blackrock, Inc.(3) 55 East 52nd Street New York, NY 10055 | | | | | 9,973,448 | | | | | | 10.1% | | |
The Vanguard Group(4) 100 Vanguard Blvd. Malvern, PA 19355 | | | | | 8,734,824 | | | | | | 8.8% | | |
Wellington Management Group LLP(5) 280 Congress Street Boston, MA 02210 | | | | | 6,013,475 | | | | | | 6.1% | | |
Tennor Holding B.V.(6) Schiphol Boulevard 127, G4.08 1118 BG Schiphol, The Netherlands | | | | | 6,007,624 | | | | | | 6.1% | | |
William Stone III(7) | | | | | 2,370,027 | | | | | | 2.4% | | |
Barrett Garrison(8) | | | | | 1,171,733 | | | | | | 1.2% | | |
Robert Deutschman(9) | | | | | 588,812 | | | | | | * | | |
Mohan S. Gyani(10) | | | | | 451,949 | | | | | | * | | |
Christine Collins(11) | | | | | 409,646 | | | | | | * | | |
Jeffrey Karish | | | | | 311,616 | | | | | | * | | |
Roy H. Chestnutt | | | | | 108,541 | | | | | | * | | |
Michelle Sterling | | | | | 37,519 | | | | | | * | | |
Mollie V. Spilman | | | | | 2,022 | | | | | | * | | |
Michael B. Miller(12) | | | | | 12,584 | | | | | | * | | |
Matthew Gillis (13) | | | | | 48,695 | | | | | | * | | |
All Directors and Executive Officers as a Group (11 individuals) | | | | | 5,516,850 | | | | | | 5.5% | | |
| | | Common Stock | | |||||||||
Name and Address of Beneficial Owner(1) | | | Number of Shares(2) | | | Percentage of Class | | ||||||
Blackrock, Inc.(3) 55 East 52nd Street New York, NY 10055 | | | | | 15,087,946 | | | | | | 15.0% | | |
The Vanguard Group(4) 100 Vanguard Blvd. Malvern, PA 19355 | | | | | 10,784,308 | | | | | | 10.8% | | |
Tennor Holding B.V.(5) Schiphol Boulevard 127, G4.08 1118 BG Schiphol, The Netherlands | | | | | 6,007,624 | | | | | | 6.0% | | |
William Stone III(6) | | | | | 2,078,454 | | | | | | 2.1% | | |
Barrett Garrison(7) | | | | | 1,252,288 | | | | | | 1.2% | | |
Robert Deutschman | | | | | 622,285 | | | | | | * | | |
Mohan S. Gyani(8) | | | | | 461,138 | | | | | | * | | |
Jeffrey Karish | | | | | 320,781 | | | | | | * | | |
Roy H. Chestnutt | | | | | 124,125 | | | | | | * | | |
Michelle Sterling | | | | | 48,600 | | | | | | * | | |
Holly Hess Groos | | | | | 13,014 | | | | | | * | | |
Mollie V. Spilman | | | | | 10,853 | | | | | | * | | |
Matthew Gillis(9) | | | | | 91,984 | | | | | | * | | |
Senthil Kanagaratnam(10) | | | | | 160,176 | | | | | | * | | |
Michael B. Miller(11) | | | | | 65,220 | | | | | | * | | |
All Directors and Executive Officers as a Group (12 individuals) | | | | | 5,248,918 | | | | | | 5.2% | | |
| | THE BOARD OF DIRECTORS RECOMMENDS AN ADVISORY VOTE “FOR” PROPOSAL 2. | | |
| | Year Ended March 31, 2022 | | Year Ended March 31, 2021 | | | Year Ended March 31, 2023 | | Year Ended March 31, 2022 | | ||||||||||||||||
Audit fees(1) | | | $ | 1,629,000 | | | | $ | 1,427,500 | | | | | $ | 1,725,400 | | | | $ | 1,629,000 | | | ||||
Audit related fees | | | | — | | | | | — | | | | | $ | 60,000 | | | | | — | | | ||||
Tax fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
All other fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Total | | | $ | 1,629,000 | | | | $ | 1,427,500 | | | | | $ | 1,785,400 | | | | $ | 1,629,000 | | |
| | THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING MARCH 31, | | |
| July | | | Members of the Audit Committee | |
| | | | Holly Hess Groos (Chair) | |
| | | | Roy H. Chestnutt | |
| | | | Robert Deutschman | |