Jeffrey G. Korn

CEO and Chairman at Crexendo

Board

Since March 14, 2023

Age

66 years

Education

Earned a JD degree from Stetson University College of Law and an undergraduate degree from the State University of New York at New Paltz.

Tenure

Joined over 20 years ago, serving initially as General Counsel and progressing through roles such as Executive Vice President and Chief Legal Officer before being appointed CEO on March 14, 2023 and later Executive Chairman on January 22, 2024.

Also at Crexendo

Anand Buch

Chief Strategy Officer

David Wang

Chief Technology Officer

Doug Gaylor

President and COO

About

At 66 years old , this executive has built a remarkable career defined by a blend of legal expertise and strategic leadership. Holds a JD degree from Stetson University College of Law and earned an undergraduate degree from the State University of New York at New Paltz, providing him with a strong academic foundation.

Beginning his professional journey as a partner at a commercial litigation and business services law firm in Jacksonville, Florida, he further refined his legal acumen by serving as Chief Legal Officer and a board member at Prosoft Training, a former Nasdaq-listed company.

His longstanding tenure at the company spans over two decades, during which he advanced from the role of General Counsel to influential executive positions, culminating in his appointment as CEO on 03-14-2023 and subsequent promotion to Executive Chairman on 01-22-2024.

His leadership has been instrumental in transforming the organization into a leading provider in the telecommunications and cloud communications sectors, characterized by a focus on sustained revenue growth, innovative strategies, and robust corporate governance.

$CXDO Performance Under Jeffrey G. Korn

Past Roles

Organization	Role	Date Range	Details
Crexendo, Inc. (CXDO)	Chief Legal Officer	N/A	Held legal responsibilities before becoming CEO and Chairman
Crexendo, Inc. (CXDO)	Executive Vice President	N/A	Promoted from an earlier legal role
Crexendo, Inc. (CXDO)	General Counsel	N/A	Served as the initial legal advisor at CXDO
Prosoft Training	Chief Legal Officer / Board Member	N/A	Served prior to joining CXDO; formerly a Nasdaq-listed company
Commercial Litigation & Business Services Law Firm (Jacksonville, FL)	Partner	N/A	Advised on complex legal matters and business services before joining CXDO

External Roles

Organization	Role	Date Range	Details
Various Public, Private & Charitable Boards	Board Member	N/A	Current board positions on several public companies and charitable organizations

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$298,000	Annual	Fixed annual base salary
All Other Compensation	$12,000	Annual	Includes matching 401(k) contributions, automobile allowance, gym membership, and other miscellaneous benefits (none exceeded $10 individually)

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan

Performance Metric (Unit/Scale)	Target	Weight	Threshold Conditions
Revenue ($M)	$51 million	30%	No bonus if below 90% of target; 50% weighted bonus paid at 90% or more, increasing pro-rata to 100% at target; additional 10% bonus kicker if ≥110%
Adjusted EBITDA ($M)	$3.2 million	30%	Same threshold and bonus kicker conditions as Revenue
Cash Balance ($M)	$7.6 million	30%	Same threshold conditions as Revenue
Stock Price ($)	$3.00	10%	Same threshold conditions as Revenue

Bonus Plan Details:
- Target Bonus: $80,000
- Maximum Bonus: $88,000 (with bonus kicker for performance ≥110%)
- Actual Bonus Earned: $86,000 (approx. 26% of his base salary)
- Evaluation Period: Fiscal year ending December 31, 2023
- Vesting Schedule: Immediate cash bonus; no vesting requirements (determined by fiscal year performance)

Stock Awards

Grant Date Fair Value: $113,000
Vesting Schedule: Vests monthly over three years, contingent on continued employment
Additional Details: No specific performance metrics, thresholds, or grant date stock price details provided for the Stock Awards