Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-12-05

Crexendo (CXDO)

CEO Jeff Korn was paid $761,000 in fiscal year 2024, ↑ up 49.5% from fiscal year 2023 (SEC filing 0001654954-25-011941 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$761,000 ↑
Jeff Korn total, FY2024
—
CEO pay percentile vs peers
9:1
CEO-to-median pay ratio
91.48%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Jeff Korn (Chief Executive Officer), FY2024 total compensation $761,000 (base salary $325,000) [exec_comp, SEC accession 0001654954-25-011941, filed 2025-10-20]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jeff Korn$325,000$0$322,000$0$95,000$0$19,000$761,000
Chief Executive Officer
Doug Gaylor325,0000268,000095,000026,000714,000
Chief Operating Officer & President
Ron Vincent325,0000268,000095,000026,000714,000
Chief Financial Officer
Anand Buch275,0000268,000095,000011,000649,000
Chief Strategy Officer
Jon Brinton280,0000188,000095,000013,000576,000
Chief Revenue Officer
David Wang275,0000188,000095,000013,000571,000
Chief Technology Officer
Steven Mihaylo0—000—00
Former Chief Executive Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Jeff Korn$761,000$509,000—↑ +252,000
Doug Gaylor714,000547,000—↑ +167,000
Ron Vincent714,000524,000—↑ +190,000
Anand Buch649,000441,000—↑ +208,000
Jon Brinton576,000424,000—↑ +152,000
David Wang571,000441,000—↑ +130,000
Steven Mihaylo013—↓ −13

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against CXDO
3 companies name CXDO as a compensation peer

Each company listed discloses CXDO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CXDO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2024 total
Doug GaylorPresident$714,000
Jeff KornCEO$761,000
Jon BrintonChief Revenue Officer$576,000
Anand BuchChief Strategy Officer$649,000
Ron VincentCFO$714,000
Steven MihayloChief Executive Officer$0
David WangCTO$571,000
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2024 total
Anil PuriIndependent Director$69,000
David WilliamsIndependent Director$69,000
Jeffrey P. BashIndependent Director$69,000
Kevin JacksonIndependent Director$90,000
L. Jasmine KimIndependent Director$69,000
Todd A. GoergenIndependent Director$69,000
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ron VincentOption6,9502.72—
Anand BuchOption6,9502.72—
Jon BrintonOption6,9502.72—
KornOption6,9502.72—
Doug GaylorOption6,9502.72—
David WangOption6,9502.72—
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary objective of the compensation program is to help create long-term value for shareholders by attracting and retaining talented executives, rewarding superior operating and financial performance, and aligning the long-term interests of executives with those of shareholders.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-12-0223,845,4652,219,983577,81291.48%Passed
20222022-06-2813,168,83960,7207,07299.54%Passed
20192019-11-0511,479,98715,68828,41099.86%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-12-0291.48%a
20222022-06-2899.54%b
20192019-11-0599.86%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)9 : 1
CEO total compensation$761
Median employee compensation—
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Steven G. MihayloIndependent$0—$53,000—$154,000$207,000
Kevin JacksonIndependent16,000—53,000—21,00090,000
Todd A. GoergenIndependent · Audit · Compensation (Chair) · Nominating16,000—53,000—069,000
Anil PuriIndependent · Audit16,000—53,000—069,000
David WilliamsIndependent · Audit (Chair)16,000—53,000—069,000
Jeffrey P. BashIndependent · Compensation · Nominating (Chair)16,000—53,000—069,000
L. Jasmine KimIndependent16,000—53,000—069,000
Anand BuchEmployee director · Departed during FY—————0
Jeffrey G. KornEmployee director · Board Chair—————0
Chris McKeeNewly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$16
Annual equity retainer$53
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$96,000
Equity awards (grant-date value)$0
All other compensation$175,000
Total cost of the board$271,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Crexendo2024Jeff Korn$325,000$322,000$0$95,000$761,000

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Crexendo in fiscal 2024?
As disclosed, Jeff Korn (Chief Executive Officer) was the highest-paid executive at Crexendo in fiscal 2024, with total compensation of $761,000.
What is Crexendo's CEO-to-median employee pay ratio?
As disclosed, Crexendo's CEO-to-median employee pay ratio was 9:1.
How did shareholders vote on Crexendo's executive compensation?
As disclosed, 91.48% of shareholders supported Crexendo's executive compensation in the latest say-on-pay vote.
How much does Crexendo spend in total on board compensation for fiscal 2024?
As disclosed, Crexendo reported total board compensation of $271,000 for fiscal 2024.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jeff KornDEF 14A2025-10-200001654954-25-011941Section “Executive Compensation”. As printed: 761,000. View filing ↗
2Section 01, Doug GaylorDEF 14A2025-10-200001654954-25-011941Section “Executive Compensation”. As printed: 714,000. View filing ↗
3Section 01, Ron VincentDEF 14A2025-10-200001654954-25-011941Section “Executive Compensation”. As printed: 714,000. View filing ↗
4Section 01, Anand BuchDEF 14A2025-10-200001654954-25-011941Section “Executive Compensation”. As printed: 649,000. View filing ↗
5Section 01, Jon BrintonDEF 14A2025-10-200001654954-25-011941Section “Executive Compensation”. As printed: 576,000. View filing ↗
6Section 01, David WangDEF 14A2025-10-200001654954-25-011941Section “Executive Compensation”. As printed: 571,000. View filing ↗
7Section 01, Steven MihayloDEF 14A2025-10-200001654954-25-011941Section “Executive Compensation”. As printed: 0. View filing ↗
8Section 07, pay ratioDEF 14A2025-10-200001654954-25-011941Section “CEO Pay Ratio”. As printed: 9 : 1. View filing ↗
9Section 08, Steven G. MihayloDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 207,000. View filing ↗
10Section 08, Kevin JacksonDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 90,000. View filing ↗
11Section 08, Todd A. GoergenDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 69,000. View filing ↗
12Section 08, Anil PuriDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 69,000. View filing ↗
13Section 08, David WilliamsDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 69,000. View filing ↗
14Section 08, Jeffrey P. BashDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 69,000. View filing ↗
15Section 08, L. Jasmine KimDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 69,000. View filing ↗
16Section 08, Anand BuchDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 0. View filing ↗
17Section 08, Jeffrey G. KornDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: 0. View filing ↗
18Section 08, Chris McKeeDEF 14A2025-10-200001654954-25-011941Section “Director Compensation”. As printed: —. View filing ↗
19Section 06, 2025 voteForm 8-K2025-12-050001654954-25-013688Item 5.07 · say-on-pay result. As reported: 91.48% (votes for as printed: 23,845,465). View filing ↗
20Section 06, 2022 voteForm 8-K2022-06-300001654954-22-008963Item 5.07 · say-on-pay result. As reported: 99.54% (votes for as printed: 13,168,839.478). View filing ↗
21Section 06, 2019 voteForm 8-K2019-11-120001654954-19-012592Item 5.07 · say-on-pay result. As reported: 99.86% (votes for as printed: 11,479,987.61). View filing ↗
22Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
23Section 09b board cost (computed)Computed——Cash 96,000 + equity 0 + all other 175,000 = 271,000, summed across the director compensation table rows.
24Crexendo (subject), Section 10b CEO totalDEF 14A2025-10-200001654954-25-011941CEO total compensation as printed in Crexendo's own proxy. As printed: 761,000. View filing ↗