Crexendo (CXDO) Proxy Filing summary

Executive summary

• The 2024 Annual Meeting is scheduled for August 7, 2024, at the company’s headquarters in Tempe, AZ, with proxy materials primarily distributed online to expedite access and reduce costs.

• 2023 was described as a transformative year, with the company surpassing 4.5 million users and receiving multiple industry awards for customer service and innovation.

• The company achieved GAAP profitability for the third consecutive quarter in Q1 2024 and non-GAAP net income for the 22nd consecutive quarter.

Voting matters and shareholder proposals

• Shareholders will vote on electing four directors for two-year terms expiring at the 2026 annual meeting.

• Ratification of Urish Popeck & Co., LLC as the independent registered public accounting firm for fiscal year ending December 31, 2024, is on the agenda.

• No appraisal or dissenters’ rights are available for any proposal.

• Deadlines for shareholder proposals for the 2025 meeting are February 26, 2025 (proxy inclusion) and May 9, 2025 (other business).

Board of directors and corporate governance

• The board is classified (staggered), with half elected each year for two-year terms.

• Four Class II directors are nominated: Anand Buch, Anil Puri, Jeffrey P. Bash, and L. Jasmine Kim, each with significant industry, academic, or executive experience.

• The board has Audit, Compensation, and Nominating Committees, all composed of independent directors.

• The Chairman of the Board is Jeffrey G. Korn, who provides strategic leadership and acts as a liaison among board, management, and shareholders.

• The board met five times in 2023, with all directors attending at least 75% of meetings.