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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2021

Pay Versus Performance Disclosure

In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer, or our chief executive officer (“CEO”), and Non-CEO named executive officers (“NEOs”) and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the fiscal years shown.


									Value of Initial Fixed $100 Investment based on:(4)
Year	Summary Compensation Table Total for Edward B. Meyercord(1) ($)		Compensation Actually Paid to Edward B. Meyercord(1,2,3) ($)		Average Summary Compensation Table Total for Non-CEO NEOs(1) ($)		Average Compensation Actually Paid to Non-CEO NEOs(1,2,3) ($)		TSR ($)		Peer Group TSR ($)		Net Income ($ Millions)		GAAP Revenue ($ Millions)(5)
(a)	(b)		(c)		(d)		(e)		(f)		(g)		(h)		(i)
2023		16,132,678		52,660,443		4,328,505		6,503,978		600.15		214.79		78.1		1,312.5
2022		8,907,184		6,152,038		2,519,487		1,934,632		205.53		151.92		44.3		1,112.3
2021		5,569,901		17,733,987		2,189,124		4,964,042		257.14		152.85		1.9		1,009.4

(1)

Edward B. Meyercord was our CEO for each year presented. The individuals comprising the Non-CEO NEOs for each year presented are listed below.


2021	2022	2023
Remi Thomas	Remi Thomas	Kevin Rhodes
Joe Vitalone	Joe Vitalone	Joe Vitalone
		Remi Thomas
		Cristina Tate

(2)

The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.

(3)

Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the CEO and the Non-CEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table.


Year	Summary Compensation Table Total for Edward B. Meyercord ($)		Exclusion of Stock Awards for Edward B. Meyercord ($)			Inclusion of Equity Value for Edward B. Meyercord ($)		Compensation Actually Paid to Edward B. Meyercord ($)
2023		16,132,678		(14,190,565	)		50,718,330		52,660,443
2022		8,907,184		(7,419,370	)		4,664,224		6,152,038
2021		5,569,901		(3,834,580	)		15,998,666		17,733,987


Year	Average Summary Compensation Table Total for Non-CEO NEOs ($)		Average Exclusion of Stock Awards and Option Awards for Non-CEO NEOs ($)			Average Inclusion of Equity Values for Non-CEO NEOs ($)		Average Compensation Actually Paid to Non- CEO NEOs ($)
2023		4,328,505		(3,744,019	)		5,919,492		6,503,978
2022		2,519,487		(1,780,654	)		1,195,798		1,934,632
2021		2,189,124		(1,352,504	)		4,127,422		4,964,042

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:


Year	Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Edward B. Meyercord ($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Edward B. Meyercord ($)			Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Edward B. Meyercord ($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Edward B. Meyercord ($)			Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Edward B. Meyercord ($)		Total - Inclusion Equity Values for Edward B. Meyercord ($)
2023		29,595,620		16,179,993			—		4,942,717			—		50,718,330
2022		6,046,398		(1,344,933	)		—		(37,241	)		—		4,664,224
2021		10,011,243		3,532,733			—		2,454,690			—		15,998,666


Year	Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-CEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non- CEO NEOs ($)			Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-CEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non- CEO NEOs ($)		Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non- CEO NEOs ($)			Total - Average Inclusion of Equity Values for Non-CEO NEOs ($)
2023		4,647,543		1,040,980			—		553,450		(322,481	)		5,919,492
2022		1,451,135		(308,066	)		—		52,729		—			1,195,798
2021		3,429,052		415,417			—		282,953		—			4,127,422

Any changes to the RSU and PSU fair values from the grant date (for current year grants) and from prior year-end (for prior year grants) are based on our updated stock price at the respective measurement dates and updated performance metric projections (for PSUs). Changes to the stock option fair values are based on the updated stock price at the respective measurement dates, in addition to updated expected option term, implied volatility of our stock over the updated expected option term, and risk-free rate assumptions.

(4)

The Peer Group TSR set forth in this table utilizes the NASDAQ US Benchmark Computer Hardware Total Return Index (“NASDAQ Computer Hardware Index”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended June 30, 2023. The comparison assumes $100 was invested for the period starting June 30, 2020, through the end of the listed year in the Company and in the NASDAQ Computer Hardware Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.

(5)

We determined GAAP Revenue (“Revenue”) to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our CEO and Non-CEO NEOs in 2023. Specifically, Revenue is used to evaluate CEO and NEO performance under the EIP, a short-term cash incentive plan that is funded based on the Company’s achievement of Revenue goals as well as Company EBITDA goals, with Revenue goals weighted more heavily. This performance measure may not have been the most important financial performance measure for years 2022 and 2021 and we may determine a different financial performance measure to be the most important financial performance measure in future years.

Relationship Between CEO and Other NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)

The following chart sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our other NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.

Relationship Between CEO and Other NEO Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our other NEOs, and our Net Income during the three most recently completed fiscal years.

Relationship Between CEO and Other NEO Compensation Actually Paid and GAAP Revenue

The following chart sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our other NEOs, and our GAAP Revenue during the three most recently completed fiscal years.

Relationship Between Company TSR and Peer Group TSR

The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the NASDAQ Computer Hardware Index over the same period.

Tabular List of Most Important Financial Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our CEO and other NEOs for 2023 to Company performance. The measures in this table are not ranked.

 GAAP Revenue

 EBITDA

 Relative Total Shareholder Return

Company Selected Measure Name

GAAP Revenue

Named Executive Officers, Footnote

(1)

Edward B. Meyercord was our CEO for each year presented. The individuals comprising the Non-CEO NEOs for each year presented are listed below.


2021	2022	2023
Remi Thomas	Remi Thomas	Kevin Rhodes
Joe Vitalone	Joe Vitalone	Joe Vitalone
		Remi Thomas
		Cristina Tate

Peer Group Issuers, Footnote

(4)

PEO Total Compensation Amount

$ 16,132,678

$ 8,907,184

$ 5,569,901

PEO Actually Paid Compensation Amount

$ 52,660,443

6,152,038

17,733,987

Adjustment To PEO Compensation, Footnote

(3)


Year	Summary Compensation Table Total for Edward B. Meyercord ($)		Exclusion of Stock Awards for Edward B. Meyercord ($)			Inclusion of Equity Value for Edward B. Meyercord ($)		Compensation Actually Paid to Edward B. Meyercord ($)
2023		16,132,678		(14,190,565	)		50,718,330		52,660,443
2022		8,907,184		(7,419,370	)		4,664,224		6,152,038
2021		5,569,901		(3,834,580	)		15,998,666		17,733,987


Year	Average Summary Compensation Table Total for Non-CEO NEOs ($)		Average Exclusion of Stock Awards and Option Awards for Non-CEO NEOs ($)			Average Inclusion of Equity Values for Non-CEO NEOs ($)		Average Compensation Actually Paid to Non- CEO NEOs ($)
2023		4,328,505		(3,744,019	)		5,919,492		6,503,978
2022		2,519,487		(1,780,654	)		1,195,798		1,934,632
2021		2,189,124		(1,352,504	)		4,127,422		4,964,042

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:


Year	Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Edward B. Meyercord ($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Edward B. Meyercord ($)			Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Edward B. Meyercord ($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Edward B. Meyercord ($)			Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Edward B. Meyercord ($)		Total - Inclusion Equity Values for Edward B. Meyercord ($)
2023		29,595,620		16,179,993			—		4,942,717			—		50,718,330
2022		6,046,398		(1,344,933	)		—		(37,241	)		—		4,664,224
2021		10,011,243		3,532,733			—		2,454,690			—		15,998,666


Year	Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-CEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non- CEO NEOs ($)			Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-CEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non- CEO NEOs ($)		Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non- CEO NEOs ($)			Total - Average Inclusion of Equity Values for Non-CEO NEOs ($)
2023		4,647,543		1,040,980			—		553,450		(322,481	)		5,919,492
2022		1,451,135		(308,066	)		—		52,729		—			1,195,798
2021		3,429,052		415,417			—		282,953		—			4,127,422

Non-PEO NEO Average Total Compensation Amount

$ 4,328,505

2,519,487

2,189,124

Non-PEO NEO Average Compensation Actually Paid Amount

$ 6,503,978

1,934,632

4,964,042

Adjustment to Non-PEO NEO Compensation Footnote

(3)


Year	Summary Compensation Table Total for Edward B. Meyercord ($)		Exclusion of Stock Awards for Edward B. Meyercord ($)			Inclusion of Equity Value for Edward B. Meyercord ($)		Compensation Actually Paid to Edward B. Meyercord ($)
2023		16,132,678		(14,190,565	)		50,718,330		52,660,443
2022		8,907,184		(7,419,370	)		4,664,224		6,152,038
2021		5,569,901		(3,834,580	)		15,998,666		17,733,987


Year	Average Summary Compensation Table Total for Non-CEO NEOs ($)		Average Exclusion of Stock Awards and Option Awards for Non-CEO NEOs ($)			Average Inclusion of Equity Values for Non-CEO NEOs ($)		Average Compensation Actually Paid to Non- CEO NEOs ($)
2023		4,328,505		(3,744,019	)		5,919,492		6,503,978
2022		2,519,487		(1,780,654	)		1,195,798		1,934,632
2021		2,189,124		(1,352,504	)		4,127,422		4,964,042

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:


Year	Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Edward B. Meyercord ($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Edward B. Meyercord ($)			Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Edward B. Meyercord ($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Edward B. Meyercord ($)			Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Edward B. Meyercord ($)		Total - Inclusion Equity Values for Edward B. Meyercord ($)
2023		29,595,620		16,179,993			—		4,942,717			—		50,718,330
2022		6,046,398		(1,344,933	)		—		(37,241	)		—		4,664,224
2021		10,011,243		3,532,733			—		2,454,690			—		15,998,666


Year	Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-CEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non- CEO NEOs ($)			Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-CEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non- CEO NEOs ($)		Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non- CEO NEOs ($)			Total - Average Inclusion of Equity Values for Non-CEO NEOs ($)
2023		4,647,543		1,040,980			—		553,450		(322,481	)		5,919,492
2022		1,451,135		(308,066	)		—		52,729		—			1,195,798
2021		3,429,052		415,417			—		282,953		—			4,127,422

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between CEO and Other NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)

Compensation Actually Paid vs. Net Income

Relationship Between CEO and Other NEO Compensation Actually Paid and Net Income

Compensation Actually Paid vs. Company Selected Measure

Relationship Between CEO and Other NEO Compensation Actually Paid and GAAP Revenue

Total Shareholder Return Vs Peer Group

Relationship Between Company TSR and Peer Group TSR

The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the NASDAQ Computer Hardware Index over the same period.

Tabular List, Table

Tabular List of Most Important Financial Performance Measures