Calix (CALX) Proxy filing summary

Executive summary

• Supplement filed to update Pay Versus Performance disclosure for the 2025 performance year, including a reconciliation of “Compensation Actually Paid” to the Summary Compensation Table.

• Annual Meeting scheduled for May 14, 2026, with proxy materials available online.

Voting matters and shareholder proposals

• Shareholders are encouraged to vote prior to the Annual Meeting using methods described in the proxy materials.

• Instructions for changing or revoking votes are provided in the proxy statement.

Executive compensation and say-on-pay

• Pay Versus Performance disclosure details the relationship between executive compensation and company performance metrics, as required by Dodd-Frank and SEC rules.

• Compensation Actually Paid is adjusted for changes in fair value of stock option awards, with detailed reconciliation for 2025.

• Key metrics influencing executive pay include Bookings, Revenue, Non-GAAP Gross Margin, and Non-GAAP Operating Income.

• Compensation for PEO and non-PEO NEOs is compared to Total Shareholder Return, net income, and non-GAAP operating income over five years.

• Performance-based stock options assume achievement at 100% of target for valuation.