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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No.  )

Filed by the Registrant ☑
Filed by a Party other than the Registrant
Check the appropriate box:

Filed by the Registrantþ

Filed by a Party other than the Registranto

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o


Preliminary Proxy Statement

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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

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Definitive Proxy Statement

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Definitive Additional Materials

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Soliciting Material under §240.14a-12


SYNCHRONOSS TECHNOLOGIES, INC.


(Name of Registrant as Specified In Its Charter)



(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Fee paid previously with preliminary materials.
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Fee computed on table belowin exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.0-11



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2023 NOTICE OF MEETING AND PROXY STATEMENT
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(1)


Title of each class of securities to which transaction applies:
Fellow Stockholders,

In 2022, Synchronoss further cemented our position as a leader in Cloud, Messaging, and our NetworkX products, driving new revenue streams for our customers and giving people around the globe new ways to connect and stay in sync with their digital content.

Our 2022 strategy centered on three fundamental themes: securing new business with existing customers, expanding our global customer base, and delivering anchor features that differentiate Synchronoss from our competitors. This focus on growth coupled with our disciplined approach to managing our cost structure, resulted in material improvements to profitability and cash flow. We achieved a nearly $50 million reduction in expenses, ending the year with an $8.1 million increase in free cash flow as compared to fiscal year 2021 and a $20.3 million improvement in operating income year-over-year.

To achieve these results, we made strides in each of our business lines. We unveiled our next generation cloud with new engaging features such as Advanced Highlights and Genius, putting generative AI and deep learning front and center helping to drive user engagement. We closed the year with double-digit Cloud subscriber growth for the eleventh consecutive quarter and signed a brand-new cloud contract with a tier one carrier. We fully expect to build on this growth pattern, with continued subscriber adoption from current customers, welcoming new customers and realizing new revenue streams from new contracts signed in 2022.

Synchronoss’ Messaging products delivered significant gains, fueled by growth in Asia where we achieved a new milestone, reaching more than 32 million rich communications services (“RSC”) based +Messaging subscribers across the three Japanese carriers and expanded to over 50 million users on Synchronoss’ Email Suite for one of our long-standing customers. In Europe, we signed multi-year extension agreements with Fastweb and another leading telcommunications provider in Italy.

In an important step to modernize our market presence, we rebranded our digital portfolio as NetworkX to better reflect our value proposition of helping carriers efficiently manage their network infrastructure and control costs. Our upgraded NetworkX portfolio was a leading factor in securing new business, including a multi-year agreement with Consolidated Communications.

With a fervent eye on corporate citizenship, we continued to prioritize our Environmental, Social, and Governance (ESG) work. Our ESG programs run in parallel with our more traditional company goals to help shape who we are and how we do business. From reducing our energy consumption, to giving back to our communities, administering ethical policies, practices, controls – and more, we believe our commitment to ESG gives stakeholders another reason to do business with us.

Looking ahead, our strategy for 2023 is straightforward. We will build on the momentum we created across the business. We will continue to improve our cost structure with the goal of increasing profitability, and we will rely on the entrepreneurial spirit and innovative talent of our employees to deliver value to our customers and shareholders.
(2)Aggregate number of securities to which transaction applies:
(3)Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
Sincerely,
(4)Proposed maximum aggregate value of transaction:
(5)Total fee paid:

o

graphic

Fee paid previously with preliminary materials.

o

Jeffrey G. Miller
President and Chief Executive Officer
May 1, 2023

Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.



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Synchronoss Technologies 

GRAPHIC

Dear Stockholder:TABLE OF CONTENTS

I am pleased to invite you to our 2016

2023 NOTICE OF MEETING AND PROXY STATEMENT
graphic
Synchronoss Technologies, Inc.
200 Crossing Boulevard, 8th Floor
Bridgewater, New Jersey 08807
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
OF SYNCHRONOSS TECHNOLOGIES, INC.
Notice is hereby given that Synchronoss Technologies, Inc. (the “Company”) will hold its 2023 Annual Meeting of Stockholders which(the “Annual Meeting”) on June 14, 2023 at 11:00 a.m. Eastern Time via a live interactive audio webcast on the internet. You will be held on May 17, 2016,able to vote and submit your questions at 10:00 a.m. (local time), atwww.virtualshareholdermeeting.com/SNCR2023 during the offices of Synchronoss Technologies, Inc., 200 Crossing Boulevard, Bridgewater, New Jersey.

Atmeeting. We are holding the meeting, we will be electing two members of our Board of Directors, ratifying the appointment of Ernst & Young LLP as our independent registered public accountantsAnnual Meeting for the fiscal year ending December 31, 2016, holding an advisory vote on executive compensation, and acting upon such other matters as may properly come before the meeting or any adjournments or postponements thereof.

Additional details regarding admission to the 2016 Annual Meeting and the business to be conductedfollowing purposes, which are more fully described in the accompanying proxy materials. Also included is a copy of our Annual Report on Form 10-K for 2015. We encourage you to read this information carefully.

It is important that your shares be represented and voted at the 2016 Annual Meeting. As discussed in the Proxy Statement, voting by proxy does not deprive you of your right to attend the Annual Meeting.

WHETHER OR NOT YOU PLAN TO ATTEND THE 2016 ANNUAL MEETING, WE HOPE YOU WILL VOTE AS SOON AS POSSIBLE. YOU MAY VOTE OVER THE INTERNET, BY TELEPHONE OR BY MAILING A PROXY CARD, IF YOU HAVE REQUESTED ONE. VOTING OVER THE INTERNET, BY TELEPHONE OR BY WRITTEN PROXY WILL ENSURE YOUR REPRESENTATION AT THE 2016 ANNUAL MEETING REGARDLESS OF WHETHER OR NOT YOU ATTEND IN PERSON. PLEASE REVIEW THE INSTRUCTIONS ON THE NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS YOU RECEIVED IN THE MAIL REGARDING EACH OF THESE VOTING OPTIONS.

If you have any questions concerning the annual meeting or the proposals, please contact our Investor Relations department at (800) 575-7606. For questions regarding your stock ownership or voting, you may contact our transfer agent, American Stock Transfer & Trust Co., by e-mail through their website atwww.amstock.com or by phone at (800)  937-5449 (within the U.S. and Canada) or (718) 921-8124 (outside the U.S. and Canada).

On behalf of the Board of Directors, I would like to express our appreciation for your continued interest in the affairs of Synchronoss Technologies.

Sincerely,

GRAPHIC

Stephen G. Waldis
Chairman and Chief Executive Officer
April 6, 2016

The use of cameras at the Annual Meeting is prohibited and they will not be allowed into the meeting or any other related areas, except by credentialed media. We realize that many cellular phones have built-in digital cameras, and while these phones may be brought into the venue, the camera function may not be used at any time.


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GRAPHIC

Synchronoss Technologies, Inc.
200 Crossing Boulevard
Bridgewater, New Jersey 08807


NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
OF SYNCHRONOSS TECHNOLOGIES, INC.

Date:    May 17, 2016
Time:    10:00 a.m.
Place:    Synchronoss Corporate Headquarters
              200 Crossing Boulevard, Bridgewater, NJ 08807

AGENDA:

statement:
Election of two Class II members of the Company'sCompany’s Board of Directors to serve until the 20192026 annual meeting of stockholders of the Company;

Ratification of appointment of Ernst & Young LLP as the Company'sCompany’s independent registered public accounting firm for its fiscal year ending December 31, 2016;

2023;
Advisory vote on executive compensation;
Advisory vote on frequency of future advisory votes on executive compensation; and

Transaction of other business that may properly come before the meeting.

Record date:You can vote if you were a stockholder of record on March 23, 2016.

A Notice of Internet Availability of Proxy Materials ("Notice"(“Notice) has beencontaining instructions on how to access this proxy statement for our Annual Meeting of Stockholders (the “Proxy Statement”) and our annual report for the year ended December 31, 2022 on Form 10-K (together with the Proxy Statement, the “proxy materials”) through the internet or a printed copy of the proxy materials is being mailed to stockholders of record on or about April 6, 2016. The Notice contains instructions on how to access our proxy statement for our 2016 Annual Meeting of Stockholders and our 2015 annual report to stockholders on Form 10-K (together, the "proxy materials").May 1, 2023. The Notice also provides instructions on how to vote online, by telephone or by mail and includes instructions on how to receive a paper copy of proxy materials by mail. The proxy materials can be accessed directly at the following Internetinternet address:http://materials.proxyvote.com/87157B.

87157B.

The foregoing items of business are more fully described in the Proxy Statement accompanying this Notice. The stock transfer books will not be closed between the record date and the date of the Annual Meeting. A list of stockholders entitled to vote at the Annual Meeting will be available for inspection at Synchronoss'Synchronoss’ corporate headquarters at the address listed above for the ten-day period prior to the Annual Meeting.

Only stockholders of record at the close of business on April 17, 2023 (the “Record Date”) are entitled to notice of and to vote at the Annual Meeting as set forth in the Proxy Statement.
If you have any questions concerning the annual meeting or the proposals, please contact our Investor Relations at (949) 574-3860. For questions regarding your stock ownership, you may contact our transfer agent, American Stock Transfer & Trust Company LLC, by e-mail through their website at www.astfinancial.com or by phone at (800) 937-5449 (within the U.S. and Canada) or (718) 921-8124 (outside the U.S. and Canada).
By order of the Board of Directors,

GRAPHIC

Ronald J. Prague
Executive Vice President, General Counsel

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Christina B. Gabrys
Chief Legal Officer and Corporate Secretary
April 6, 2016

Important Notice Regarding the Availability of

May 1, 2023
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON JUNE 14, 2023.
The Proxy Materials for the Stockholder Meeting to be held on May 17, 2016: The proxy statementStatement and annual report to stockholders and the means to vote by Internet areis available atwww.synchronoss.com.http://materials.proxyvote.com/87157B.
WHETHER OR NOT YOU EXPECT TO ATTEND THE ANNUAL MEETING VIA THE LIVE WEBCAST, PLEASE FOLLOW THE INTERNET VOTING INSTRUCTIONS ON YOUR NOTICE OR PROXY CARD TO ASSURE REPRESENTATION OF YOUR SHARES.
Synchronoss Technologies 

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TABLE OF CONTENTS

           
  Proxy Summary 1 Executive Officer Stock Ownership Guidelines 41 
  2016 Proxy Statement Highlights 2 Compensation Committee Report 42  
  Questions & Answers About this Proxy Material and Voting 5 Summary Compensation Table 43 
  Corporate Governance at Synchronoss 11 Grants of Plan Based Awards Table 44  
  Stockholder Communications with our Board of Directors 12 Description of Awards Granted in 2015 46 
  Board of Directors and Committee Duties 13 Outstanding Equity Awards at Fiscal Year-End Table 48  
  Director Compensation 19 Option Exercises and Stock Vested 51 
  Director Stock Ownership Guidelines 20 Employment Agreements 51  
  Limitation of Liability and Indemnification 20 Estimated Payments and Benefits 53 
  Risk Management Considerations 22 Report of the Audit Committee 54  
  Compensation of Executive Officers 23 Equity Security Ownership of Certain Beneficial Owners and Management 55 
  Compensation Discussion and Analysis 23 Certain Related Party Transactions 57  
  2015 Business Highlights 23 Section 16(a) Beneficial Ownership Reporting Compliance 58 
  2015 Compensation Program Highlights 24 Other Matters 58  
  2015 Executive Compensation Program 25 Election of Directors 59 
  Elements of Compensation 28 Ratification of the Selection of Independent Registered Public Accounting Firm 63  
  Chief Executive Officer Compensation 31 Advisory Vote on Executive Compensation 65 
  Pay Mix 31 Stockholder Proposals for the Next Annual Meeting 67  
  Target and Realized Pay 32 No Incorporation by Reference 67 
  2015 Compensation Decisions 33 Contact for Questions and Assistance with Voting 67  
  Financial Restatements and Related Policies 41 Appendix A: Reconciliation of Non-GAAP Financial Information 68 

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Proposals to be Voted On:

The following proposals will be voted on at the Annual Meeting of Stockholders.


For More Information
Board Recommendation
Proposal 1: Election of two directors
James M. McCormick
Donnie M. Moore
Pages 59 to 62
GRAPHIC

For Nominees
Proposal 2:
Ratification of appointment of Ernst
Pages 63 to 64
GRAPHIC

For
Pages 65 to 66
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For
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PROXY SUMMARY
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Proxy Summary
This proxy statement (“Proxy Statement”) is furnished in connection with solicitation of proxies by our Board of Directors (“Board”) for use at the 2023 Annual Meeting of Stockholders (the “Annual Meeting”) to be held via a live interactive audio webcast on the Internet at 11:00 a.m. Eastern Time on June 14, 2023, and any postponements or adjournments thereof. Beginning on or about May 1, 2023, we mailed to our stockholders a Notice of Internet Availability of Proxy Materials (the “Notice”) containing instructions on how to access our proxy materials. As used in this Proxy Statement, the terms “Synchronoss,” the “Company,” “we,” “us,” and “our” mean Synchronoss Technologies, Inc. and its subsidiaries unless the context indicates otherwise.
Annual Meeting
Date: June 14, 2023
Time: 11:00 a.m. ET
Location: www.virtualshareholder meeting.com/SNCR2023
Ways to Vote If you are a shareholderstockholder of record, you may cast your vote in any of the following ways:

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GRAPHIC
Vote in Person

GRAPHIC

GRAPHIC
Vote by Mail

GRAPHIC
Vote by Telephone
Vote by Internet
Internet
Instructions on how
to attend and vote at
the Annual Meeting are
described at
www.virtualshareholder
meeting.com/SNCR2023
Phone Mail
If you received printed copies of
the proxy materials by mail, you
may vote by proxy by filling out,
signing and dating the proxy
card, and returning it in the
envelope provided.
In Person
You may vote by proxy by
telephone by following the
instructions provided in the
Notice or the proxy card, by
calling (800) 690-6903.
You may vote by proxy via the
Internet atwww.proxyvote.com
by following the instructions
provided in the Notice or if you requested printed copies of the proxy materials by mail, by following the instructions provided in the
proxy card.
You may vote by proxy by telephone by following the instructions provided in the Notice or, if you requested printed copies of the proxy materials by mail, by calling the toll free number found on the proxy card.If you requested printed copies of the proxy materials by mail, you will receive a proxy card and you may vote by proxy by filling out, signing and dating the proxy card, and returning it in the envelope provided.Attend the Annual Meeting at our Headquarters located at 200 Crossing Blvd., 8th Floor, Bridgewater, NJ 08807.

If you are a beneficial owner holding shares through a bank, broker or other nominee, please refer to your Notice or other information forwarded by your bank or broker to see which voting options are available to you.

This proxy statement is furnished in connection with solicitation of proxies by our Board of Directors ("Board") for use

Proposals to be Voted On:
The following proposals will be voted on at the 2016 Annual Meeting of Stockholders (the "Annual Meeting") to be held at 200 Crossing Boulevard, Bridgewater, New Jersey, at 10:00 a.m. local time on Tuesday, May 17, 2016, and any postponements or adjournments thereof. Beginning on orStockholders.
Proposals
Board
Recommendation
Required
Vote
1
Election of two directors
✔ For Nominees
Plurality
2
Ratification of appointment of Ernst & Young LLP as independent registered public accountants
✔ For
Majority Voted
3
Advisory vote on executive compensation
✔ For
Majority Voted
4
Advisory vote on frequency of future advisory votes on executive compensation
✔ For every “1 year”
Most Cast
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Proxy Statement Highlights
The following summary provides general information about April 6, 2016, we mailed to our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice") containing instructions on how to access our proxy materials. As used in this proxy statement, the terms "Synchronoss," the "Company," "we," "us," and "our" mean of Synchronoss Technologies, Inc., referred to as Synchronoss or the Company, and its subsidiaries unless the context indicates otherwise.

Attendance at the Annual Meeting

If you plan to attend the Annual Meeting, you must be a stockholder on the record date. On the day of the meeting, each stockholder will be required to present valid picture identification such as a driver's license. Seating will begin at 9:00 a.m. and the meeting will begin at 10:00 a.m. Use of cameras (including cell phones with photographic capabilities), recording devices and other electronic devices will not be permitted at the meeting.


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2016 PROXY STATEMENT HIGHLIGHTS

This summary highlights information contained elsewhere in ourthis proxy statement. This summary does not contain all of the information that you should consider. You should readconsider when deciding how to vote your shares. For further and more detailed information on the matters referenced below, prior to casting your vote, please carefully review the entire proxy statement carefully before voting.

Voting Matters and Vote Recommendation

See "Proposals" startingour 2022 annual report on page 59Form 10-K. Our 2022 annual report on Form 10-K accompanies this proxy statement and was previously filed with the Securities and Exchange Commission, or SEC. In this proxy statement, we reference various information and materials available on our corporate website. We have included our website address in this proxy statement as an inactive textual reference only. Information on our website is not incorporated by reference in this proxy statement.

Forward-Looking Statements
This proxy statement contains forward-looking statements within the meaning of United States securities laws, including without limitation, statements regarding environmental, social and governance matters. Forward-looking statements are often, but not always, identified by such forward-looking terminology as “goal,” “believe,” “will,” “may,” “plan,” “expect,” “intend,” “priority,” “outlook,” “guidance,” “objective,” “forecast,” “anticipate,” “estimate,” “seek,” “trend,” “target” and “strategy,” or similar statements or variations of such terms. These statements are not guarantees of future performance, are inherently uncertain, are based on current assumptions that are difficult to predict and involve a number of risks and uncertainties. Therefore, actual outcomes and results may differ materially from what is expressed in those statements, and those statements should not be relied upon as representing our expectations or beliefs as of any time subsequent to the time this proxy statement is filed with the SEC. Important factors that may affect future results and outcomes include, but are not limited to those set forth in our 2022 annual report on Form 10-K and our subsequent SEC filings. We encourage investors to read these filings, particularly the sections on risk factors, for additional information with respect to any forward-looking statements and prior to making any voting or investment decision. The forward-looking statements contained in this proxy statement should not be relied on as representing our expectations or beliefs as of any time subsequent to the time this proxy statement is first filed with the SEC, and we do not undertake efforts to revise those forward-looking statements to reflect events after that time.
Company Overview
At Synchronoss, our vision is to reimagine a world in sync. We empower our customers to connect with subscribers in trusted and meaningful ways. We offer simple to use white label software that helps our customers get to market with their vision faster and more information.

efficiently, enabling them to provide their subscribers with connections to one another, the networks they rely on, the brands they love and the services they need. Our cloud and messaging products offer new ways for subscribers to communicate, engage with their content and each other, and relive memories, while our SpatialNX, ExpenseNX, and ConnectNX products help reduce our customers’ internal complexities.
2Synchronoss Technologies

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Our Values
Our Company values help shape who we are and what we can expect from each other. We strive to live our values in how we operate the Company so we can deliver on our commitments to our employees, our customers and our stockholders.
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Synchronoss Technologies 3

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2022 Business and Financial Highlights
In 2022, our commitment to expanding our flagship Synchronoss Personal Cloud™ offering and streamlining cost structures culminated in significant enhancements in profitability and free cash flow. These achievements build on our momentum and reinforce faith in our strategic trajectory.
Despite prevailing macro-economic challenges, we concluded the year with an impressive eleventh consecutive quarter of double-digit cloud subscriber growth. As promised, we introduced cutting-edge functionality through our next-generation cloud, which boasts AI and deep learning-driven features such as Genius, Advanced Highlights, Private Folder, and Backtrack. We also fortified existing customer relationships, with AT&T extending their contract and pledging to broaden marketing and distribution channels for the AT&T Personal Cloud, and our adoption of Verizon's private storage infrastructure, which optimized Verizon customers' digital content storage and eliminated the need for Synchronoss to make additional storage infrastructure investments. Additionally, we secured a new contract with a prominent mobile, telecommunications, and ISP services provider to deploy the Synchronoss Personal Cloud in 2023.
In our Messaging business, we experienced encouraging progress in European and Asia-Pacific markets. Over 32 million subscribers now utilize +Message, the RCS-based service offered by a consortium of Japanese carriers, with continued growth anticipated. We extended our long-standing relationship with a major global service provider in Asia, supporting over 50 million subscribers on the Synchronoss Email Suite, reflecting our dedication to long-term customer satisfaction and our email solution's unmatched scalability. We also expanded existing customer relationships in Europe, securing a three-year extension with FastWeb and migrating 13.5 million subscribers from another leading Italian telecommunications operator to the latest version of the Synchronoss Email Suite.
Our NetworkX business line (formerly “Digital” business) persistently created opportunities for clients to optimize network infrastructure and enhance operational efficiency. We inked a multi-year agreement with Consolidated Communications for the latest iteration of our ConnectNX product, the sole wholesale solution employing a blockchain distributed ledger for seamless partner transactions.
We maintained a steadfast focus on cost optimization throughout the organization, achieving an estimated $50 million reduction in costs and expenses. This accomplishment allowed us to maximize profitability and refine our business focus. As we look towards 2023, we believe several market factors are poised to bolster our momentum. Cloud and messaging solutions hold the potential to emerge as indispensable value-added services in the 5G ecosystem, driving customer engagement and revenue for carriers. In tandem, carriers are leveraging digital bundling strategies to streamline onboarding, consumption, billing, and authentication, promoting the adoption of premium rate plans, including personal cloud offerings. The introduction of fixed wireless access into the market has spawned a host of new connected devices, which is expected to stimulate demand for home-based cloud storage. Lastly, the integration of cloud into total protection services offered by carriers and insurance companies presents a natural synergy to safeguard the consumers' network, personal data, and hardware. We believe that we stand positioned in the market to meet these growing needs for the carriers and their consumers.
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Information about our Board of Directors
Our Board is presently comprised of six directors. Our restated certificate of incorporation provides for a classified board consisting of three classes of directors, each of which shall consist, as nearly as possible, of one-third of the total number of directors. Currently, each class consists of two directors. Each class serves a staggered three-year term. At each annual meeting of stockholders, the successors to directors whose terms then expire shall be elected (or re-elected) to serve from the time of election and qualification until the third annual meeting following their election.
Director Nominee
Age
Director
Since
Committee Membership
Independent
Kristin S. Rinne
68
2018
Audit, Compensation, Nominating/Corporate Governance (Chair), Business Development
Yes
Martin F. Bernstein
36
2021
Audit, Compensation, Business Development
Yes
Continuing Directors
 
 
 
 
Stephen G. Waldis
55
2000
Business Development
No
Mohan S. Gyani
71
2019
Compensation (Chair), Business Development
Yes
Laurie L. Harris
64
2019
Audit (Chair), Nominating/Corporate Governance
Yes
Jeffrey G. Miller
59
2021
Business Development (Chair)
No
Board Diversity
Board Diversity Matrix as of March 31, 2023
 
Female
Male
Non-Binary
Did Not Disclose Gender
Part I: Gender Identity
Directors
2
4
0
0 
Part II: Demographic Background
African American or Black
0
0
0
Alaskan Native or American Indian
0
0
0
Asian
0
1
0
Hispanic or Latinx
0
0
0
Native Hawaiian or Pacific Islander
0
0
0
White
2
3
0
Two or More Races or Ethnicities
0
0
0
LGBTQ+
0
Did Not Disclose Demographic Background
0
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Corporate Governance Summary
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Environmental, Social and Governance and Positive Corporate Culture
Environmental, Social and Governance (ESG)
Beginning with our Board, CEO and leadership team and proliferating throughout our organization, Synchronoss is working to conduct our business in a way that makes a positive impact on global issues and the communities in which we work and live. We consider our efforts in sustainability, engagement and inclusion, and achieving best practices in governance to be of paramount importance in providing value back to the global market and promoting an inclusive corporate culture where all employees can thrive. We believe that by incorporating initiatives in the key areas of ESG and employee benefits and engagement into our operations we not only improve our performance, but also create a construc tive culture that benefits our three key stakeholders: employees, customers and investors.
With the guidance of our Board and our senior leadership team, we have implemented a comprehensive program which demonstrates our commitment to ESG and corporate culture, which we continually evaluate against the market and best practices.
Highlights from the Initiatives under way:
Matter
Board vote recommendation
Management proposals
  Election of DirectorsFor the director nominees
  Ratification of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2016For
  Advisory vote on Executive CompensationFor

Board Nominees

The following table provides summary information about James M. McCormick and Donnie M. Moore, the director nominees for election.

Name
 Age
 Director
Since


 Occupation
 Inde-
pendent


 Committee memberships
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 
           AC
 CC
 NGC
 BD
James M. McCormick  56  2000  Chief Executive Officer, Vertek Corporation  Yes            
Donnie M. Moore   67   2007   Retired, SVP, Finance and Administration and CFO, Cognos Incorporated   Yes   C       M    


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AC
Environmental Sustainability

We employ sustainable practices throughout our operations where possible to promote conservation and reduce waste. Over the last year we have rationalized our real estate portfolio resulting in a reduction of an estimated 2,632,865 kilowatt hours of energy spend annually. Additionally, we have begun a migration effort from standard virtual CPUs in our datacenters to Graviton processors, which consume 60% less energy. Synchronoss also offers a flexible work policy, which allows our employees to continue remote working, reducing the number of people commuting to our offices.
Social Responsibility

We believe it is our job to empower our people to achieve more—at work and in the community. We have established a global diversity, equity, and inclusion (DEI) committee, laying the groundwork to seamlessly embed DEI as part of our corporate culture and pave the way for a more comprehensive program. Our efforts include promotion of global awareness and inclusion through our “Celebrating Diversity” monthly e-newsletter and the engagement of a third party to assist in expanding our recruiting efforts into under-represented populations where we’ve previously had little visibility. We also launched the Sync Cares initiative, under which we provide employees paid time away from work to volunteer with the charitable organizations of their choice. Over the course of the year, we held our first annual Global Cares month, in which we came together as a Company to provide service to our communities. We had over 100 employees participate across five countries. The first year of the Sync Cares program was an unequivocal success, ultimately resulting in over 15 organizations receiving services and 450+ volunteer hours contributed. We are looking to expand this program in the coming year to engage more employees and deepen our reach into the communities in which we work and live.
Corporate Governance

At the Board level, our Audit Committee
BDBusiness Development Committee
CCCompensation CommitteeCChair
NGC and Nominating/Corporate Governance Committee monitor the effectiveness of our corporate governance. At the leadership team level, our Chief Compliance Officer has established a cross-functional Governance, Risk and Compliance Committee which monitors, assesses, and controls risk across the business. We have rolled out a comprehensive training program covering the spectrum of governance and compliance topics in short easy-to-digest sessions and instituted an annual corporate policy review to ensure best practices across all corporate policies. Synchronoss has also established a Disclosure Committee with senior members from across the business to ensure all i nternal controls are functioning appropriately.M
Positive Corporate Culture

At Synchronoss we believe that our people are the cornerstone to our success and as such, we are committed to providing our employees with a positive work environment that helps them realize their full potential. We strive to care for the whole employee and not just the development of their talent. As such, we delivered more than 100 interactive wellness webinars to the global team in 2022.
In a continued effort to build the corporate culture we strive to have, we expanded our employee engagement initiatives, including bringing our employees back together globally with Sync Socials in our offices, monthly Coffee Talks (an initiative where employees can sign up to meet with senior leaders in small groups in a casual setting), and Sync Cheers (an initiative whereby employees can give fellow team members a virtual “cheers” to thank them for living our values).
In addition to these cultural initiatives, we have comprehensive and competitive compensation and benefits programs and have developed initiatives geared toward employee development and training.
Member
Synchronoss Technologies 7

Ratification of Ernst & Young LLP as Independent Registered Public Accounting FirmTABLE OF CONTENTS

Our Board recommends

Key Executive Compensation Governance Attributes
We believe that stockholders votea sound executive compensation program is grounded in good governance practices and we have refined our long term incentive program and short term incentive program to ratify the Audit Committee's appointment of Ernst & Young LLP, an independent registered public accounting firm, as our Company's independent registered public accounting firm for the fiscal year ending December 31, 2016.

Advisory Vote on Executive Compensation

Our Board recommends that stockholders voteinclude new metrics to approve, on an advisory basis, the compensation paid to our Named Executive Officers ("NEOs"), as described in this proxy statement. At our 2015 Annual Meeting, 99% of the shares voted were in favor of the advisory vote on executive compensation. Our Compensation Committee of our Board evaluatesbest align our executive compensation program each year in an effort to ensure it is in line with our stockholders' interests. Our Compensation Committee reviewed our executive compensation programs based on views obtained through our stockholder outreach program and other market data and, as a result, revised the 2015 long-term equity incentive plan for our NEOs to more closely align with our Company's three-year business plan.

We encourage stockholders to take into account the significant changes to our executive compensation program that we have made over the last several years in considering the advisory vote including, among other things, designing a new, updated compensation philosophy, transitioning to a three-year business plan for our long-term equity incentive plan, enhancing our executive stock ownership guidelines and our annual stockholder outreach program.


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Business Highlights

In 2015, we achieved record financial results and continued to move our business forward including:*

$580.1 million in non-GAAP revenue, compared to $458.6 million in 2014, an increase of 26%

$356.8 million in non-GAAP gross profit, representing a gross margin of 62%, up from 61% in 2014

$208.1 million in non-GAAP EBITDA, an increase of 34% from $155.1 million in 2014

$310.1 million in Cloud Revenue, compared to $211.7 million in 2014, an increase of 46%

$2.23 non-GAAP diluted earnings per share, an increase of 25% from $1.79 in 2014

Launching our enterprise business to offer secure mobility solutions to enterprise clients, and hiring David Schuette, a seasoned enterprise executive, to lead this effort.

Entering into strategic partnerships with Verizon for multifactor authentication and identity management and with Goldman Sachs for secure enterprise mobility technology, in both cases to enhance our enterprise offerings.

Acquiring RazorSight Corporation and certain assets from F-Secure Corporation to expand our product portfolio and global presence.

Extending our agreement with AT&T through 2018.



*      These financial measures are non-GAAP measures and should not be reviewed in isolation or as substitutes for our financial results as reported in accordance with GAAP. Please see Appendix A for an explanation of and reconciliation of these non-GAAP financial measures to the applicable GAAP financial measures.


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Fiscal 2015 Compensation

The following material decisions were approved by our Compensation Committee regarding the 2015 compensation of our NEOs:

Adjustments to Base Salary:    In reviewing the base salaries of Messrs. Waldis and Garcia in early 2015, our Compensation Committee provided salary increases of approximately 3% (representing the median base salary increase). In addition, since the salary of Ms. Rosenberger was below the competitive range of similarly situated chief financial officers, her salary was increased by 10%. Mr. Rizer's salary was increased by approximately 32% to reflect his expanded role within our Company.

Performance-based Cash Bonus:    Our 2015 non-GAAP revenue and earnings before income taxes, depreciation and amortization ("EBITDA") were above the target set by our Board for 2015 but below the maximum threshold. As a result, our NEOs received approximately 129% of their target cash incentive bonus with respect to the corporate goal portion. Messrs. Waldis, Garcia, Rizer and Ms. Rosenberger received 100%, 90%, 100% and 90%, respectively, of their target individual component portion. Due to Mr. Schuette joining our Company in August 2015, our Board did not believe it appropriate for his cash incentive bonus to have a corporate component. Therefore, his cash incentive bonus was based 100% on certain individual objectives, all of which he met and therefore he received 100% of his target cash incentive bonus.
Performance-based Equity:    Since NEOs had previously been eligible for annual payouts under the old performance-based equity plan, as part of a transition to a three-year plan in 2015, each NEO received a one-time transition award to address the vesting opportunity 'gap' between the old and new plans. Vesting of this transition award is contingent upon the achievement of certain financial metrics in 2015 and 2016. With respect to the transition shares awarded based on our financial performance in 2015, our 2015 non-GAAP revenue and EBITDA were above the target set by our Board for 2015 but below the maximum threshold. Our 2015 Cloud Revenue exceeded the maximum goals set by our Board. As a result, our NEOs whom our Company employed on February 9, 2015 were issued an aggregate of 28,185 restricted shares of our Common Stock, or 10,568 shares more than the target number of performance-based restricted shares that they were eligible to receive under the 2015-2016 performance-based restricted stock awards based on our 2015 financial performance.

Time-Based Equity:    Our NEOs whom our Company employed on February 9, 2015 were granted (i) an aggregate of 52,852 time-based restricted shares of our Common Stock and (ii) stock options to purchase an aggregate of 143,951 shares of our Common Stock.


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QUESTIONS & ANSWERS ABOUT THIS PROXY MATERIAL & VOTING
Q:
Why am I receiving these proxy materials?
A:
Our Board is providing these proxy materials to you in connection with the solicitationinterests of proxies for use at the Annual Meeting to be held on Tuesday, May 17, 2016 at 10:00 a.m. local time, and at any adjournment or postponement thereof, for the purpose of considering and acting upon the matters set forth herein. The notice of Annual Meeting,stockholders.
graphic
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Questions & Answer about this proxy statement and accompanying form of proxy card are being made available to you on or about April 6, 2016. Proxy Material & Voting Matters
Q:
Why am I receiving these proxy materials?
A:
Our Board is providing these proxy materials to you in connection with the solicitation of proxies for use at the Annual Meeting to be held on June 14, 2023 at 11:00 a.m. Eastern Time, and at any adjournment or postponement thereof, for the purpose of considering and acting upon the matters set forth within this statement. The Notice of Annual Meeting, this Proxy Statement and accompanying form of proxy card are being made available to you on or about May 1, 2023. This Proxy Statement includes information that we are required to provide to you under rules promulgated by the U.S. Securities and Exchange Commission (the “SEC”) and that is designed to assist you in voting your shares.
Q:
What is included in the proxy materials?
A:
The proxy materials include:
This proxy statement includes information that we are required to provide to you under SEC rules and that is designed to assist you in voting your shares.
Q:
What is included in the proxy materials?
A:
The proxy materials include:

This proxy statementProxy Statement for the Annual Meeting;

Our 2015 Annual Report to Stockholders, which consists of our Annual Report on Form 10-K for the year ended December 31, 2015;2022; and

The proxy card or a voting instruction form for the Annual Meeting, if you have requested thatreceived the proxy materials be mailed to you.
Q:
How can I get electronic access toin the proxy materials?
A:
The Company's proxy materials are available athttp://materials.proxyvote.com/87157B and atwww.synchronoss.com. Our website
mail.
Q:
How can I get electronic access to the proxy materials?
A:
The Company’s proxy materials are available at http://materials.proxyvote.com/87157B and at www.synchronoss.com. Our website address is included for reference only. The information contained on our website is not incorporated by reference into this Proxy Statement.

     address is included for reference only. The information contained on our website is not incorporated by reference into this proxy statement.

    You can find directions on how to instruct us to send future proxy materials to you by email atwww.proxyvote.com. Choosing to receive future proxy materials by email will save us the cost of printing and mailing documents to you and will reduce the impact of our annual meetings on the environment. If you choose to receive future proxy materials by email, you will receive an email message next year with instructions containing a link to those materials and a link to the proxy voting website. Your election to receive proxy materials by email will remain in effectcontinue until you terminate it.

Q:
Who can vote at the Annual Meeting?
A:
Only stockholders of record at the close of business
Q:
Who can vote at the Annual Meeting?
A:
Our voting securities consist solely of our common stock (“Common Stock”), of which 93,495,028 shares were outstanding on the record date. Our Series B Preferred Stock (the “Series B Preferred Stock”), of which 70,700 shares were outstanding on the record date, are non-voting and non-convertible. Only holders of our Common Stock are entitled to vote at the Annual Meeting in connection with the matters set forth in this Proxy Statement. A list of stockholders entitled to vote at the Annual Meeting will be available for inspection at our principal executive offices at 200 Crossing Boulevard, 8th Floor, Bridgewater, New Jersey for the ten-day period prior to the Annual Meeting.
Q:
How do I vote at the Annual Meeting?
A:
Stockholder of Record: Shares Registered in Your Name
If, on March 23, 2016 will be entitled to vote at the Annual Meeting. On this record date, there were 45,204,451April 17, 2023, your shares of common stock of the Company ("Common Stock") outstanding. All of these outstanding shares are entitled to vote at the Annual Meeting (one vote per share of Common Stock) in connection with the matters set forth in this Proxy Statement. A list of stockholders entitled to vote at the Annual Meeting will be available for inspection at Synchronoss' principal executive offices at 200 Crossing Boulevard, Bridgewater, New Jersey for the ten-day period prior to the Annual Meeting.

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Q:
How do I vote at the Annual Meeting?

A:Stockholder of Record;
          Shares Registered in Your Name

If on March 23, 2016 your sharesStock were registered in your name with the Company'sour transfer agent, American Stock Transfer & Trust Company, then you are a stockholder of record and may vote in person at the Annual Meeting or vote by proxy. Whether or not you plan to attend the Annual Meeting, we urge you to vote by proxy on the Internetinternet or via telephone as instructed below or submit your proxy card if you have requested one, to ensure your vote is counted.

If you are a stockholder of record, you may vote at the Annual Meeting or by one of the following methods:
By Internet — You may vote by proxy via the internet at www.proxyvote.com by following the instructions provided in the Notice or the proxy materials, by following the instructions provided in the proxy card.
By Telephone — You may vote by proxy via telephone by following the instructions provided in the Notice or, if you received printed copies of the proxy materials by mail, by calling the toll-free number found on the proxy card.
By Mail — If you request printed copies of the proxy materials by mail, you will receive a proxy card and you may vote by proxy by filling out the proxy card and returning it in the envelope provided.
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By Internet During the Annual Meeting — Instructions on how to attend and vote at the Annual Meeting are described at www.virtualshareholdermeeting.com/SNCR2023.
Please note that the internet (other than during the Annual Meeting) and telephone voting facilities for stockholders of record are available 24 hours a day and will close at 11:59 p.m., Eastern Time on June 13, 2023. The individuals named as proxies will vote your shares in accordance with your instructions.
We provide internet proxy voting to allow you to vote your shares on-line, with procedures designed to ensure the authenticity and correctness of your proxy vote. However, please be aware that you are responsible for any costs associated with your internet access, such as usage charges from internet access providers and telephone companies.
Beneficial Owner;Owner: Shares Registered in the Name of a Broker or Bank

If, on March 23, 2016April 17, 2023, your shares of Common Stock were held in an account at a brokerage firm, bank, dealer or other similar organization, then you are the beneficial owner of shares held in "street name"“street name” and these proxy materials are being forwarded to you by that organization. The organization holding your account is considered the stockholder of record for purposes of voting at the Annual Meeting. As a beneficial owner, you may direct your broker or other agent on how to vote the shares in your account. You are also invited to attend the Annual Meeting, provided you have proof of your share ownership (such as a brokerage statement showing that you owned shares as of March 23, 2016) and a form of photo identification. However, since you are not the stockholder of record, you may not vote your shares in person at the Annual Meeting unless you request and obtain a valid proxy from your broker or other agent.

Stockholder of Record: Shares Registered in Your Name

If you are a stockholder of record, you may vote in person at the Annual Meeting or by one of the following methods:

    By Internet — You may vote by proxy via the Internet atwww.proxyvote.com by following the instructions provided in the

      Notice or, if you requested printed copies of the proxy materials by mail, by following the instructions provided in the proxy card.

    By Telephone — You may vote by proxy by telephone by following the instructions provided in the Notice or, if you requested printed copies of the proxy materials by mail, by calling the toll free number found on the proxy card.

    By Mail — If you request printed copies of the proxy materials by mail, you will receive a proxy card and you may vote by proxy by filling out the proxy card and returning it in the envelope provided.

Please note that the Internet and telephone voting facilities for stockholders of record is available 24 hours a day and will close at 11:59 p.m., Eastern Time on May 16, 2016. The individuals named as proxies will vote your shares in accordance with your instructions.

We provide Internet proxy voting to allow you to vote your shares on-line, with procedures designed to ensure the authenticity and correctness of your proxy vote. However, please be aware that you must bear any costs associated with your Internet access, such as usage charges from Internet access providers and telephone companies.

Beneficial Owner: Shares Registered in the Name of a Broker or Bank

If you are a beneficial owner of shares registered in the name of your broker, bank, or other agent, you should have received instructions for granting proxies with these proxy materials from that organization rather than from the Company.us. A number of brokers and banks participate in a program provided through Broadridge Financial Services whichthat enables beneficial holders to grant proxies to vote shares via telephone or the Internet.internet. If your shares are held by a broker or bank that participates in the Broadridge program, you may grant a proxy to vote


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those shares telephonically by calling the telephone number on the instructions received from your broker or bank, or via the Internetinternet at Broadridge'sBroadridge’s website atwww.proxyvote.com. To vote in person atby internet during the Annual Meeting, you must obtain a valid proxyyour 16-digit control number from your broker, bank, or other agent. Follow the instructions from your broker, bank or other agent included with these proxy materials, or contact your broker, bank or other agent to request a proxy form.

Q.
How many votes do I have?
A.
On each matter to be voted upon, you have one vote for each share of Common Stock you own as of March 23, 2016.
Q.
What if I do not make specific voting selections?
A.
Stockholder of record — If you are a stockholder of record and you:

Q:
What do I need to be able to attend the Annual Meeting online?
A:
We will be hosting our Annual Meeting via live webcast only. Any stockholder can attend the Annual Meeting live online at www.virtualshareholdermeeting.com/SNCR2023. The webcast will start at 11:00 a.m. Eastern Time on June 14, 2023. Stockholders may vote and ask questions while attending the Annual Meeting online. In order to be able to attend the Annual Meeting, you will need the 16-digit control number, which is located on your Notice, on your proxy card or in the instructions accompanying your proxy materials. Instructions on how to participate in the Annual Meeting are also posted online at www.proxyvote.com.
Q:
How many votes do I have?
A:
Each share of our Common Stock you owned on the record date entitles you to one vote on each matter that is voted on.
Q:
What if I do not make specific voting selections?
A:
Stockholder of Record — If you are a stockholder of record and you:
Indicate when voting on the Internetinternet or by telephone that you wish to vote as recommended by our Board, of Directors; or

Sign and return a proxy card without giving specific voting instructions,

then your shares will be voted"For"For the election of James M. McCormickKristin S. Rinne and Donnie M. MooreMartin Bernstein as members of the Company'sCompany’s Board of Directors,"For"For the ratification of Ernst & Young LLP as the Company'sour independent registered public accounting firm for its fiscal year ending December 31, 2016, and "2023, “For" the approval of the compensation of our named executive officers, and “For” every 1 year as the Company'sfrequency of future advisory votes on the compensation of our named executive officers. If any other matter is properly presented at the Annual Meeting, your proxy (one of the individuals named on your proxy card) will vote your shares using his or her best judgment.

Beneficial ownersOwner — If you are a beneficial owner of shares held in street name and do not provide the organization that holds your

    shares with specific voting instructions then, under applicable rules, the organization that holds your shares may generally vote on "routine"

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“routine” matters but cannot vote on "non-routine"“non-routine” matters. If the organization that holds your shares does not receive instructions from you on how to vote your shares on a non-routine matter, that organization will inform the inspector of election that it does not have the authority to vote on any matter other than Proposal 2 with respect to your shares. This is generally referred to as a "broker“broker non-vote."

Q.
Can I change my vote after submitting my proxy?
A.
Yes. You can revoke your proxy at any time before the final vote at the Annual Meeting. If you are the record holder of your shares, you may revoke your proxy in any one of three ways:

Q:
Can I change my vote after submitting my proxy?
A:
Yes. You can revoke your proxy at any time before the final vote at the Annual Meeting. If you are the record holder of your shares, you may revoke your proxy in any one of four ways:
You may change your vote using the Internetinternet or telephone methods described above prior to 11:59 p.m., Eastern Time on May 16, 2016,June 13, 2023, in which case only your latest Internetinternet or telephone proxy submitted prior to the Annual Meeting will be counted.

You may submit another properly completed timely proxy card with a later date.

You may send a written notice that you are revoking your proxy to the Company's Secretary at 200 Crossing Boulevard, Bridgewater, New Jersey 08807.

You may send a written notice that you are revoking your proxy to our Secretary at 200 Crossing Boulevard, 8th Floor, Bridgewater, New Jersey 08807.
You may attend and vote during the Annual Meeting and vote in person.Meeting. Simply attending the meeting will not, by itself, revoke your previously delivered proxy.

If you are a beneficial owner of your shares and wish to change or revoke your previously delivered proxy, you must contact the broker, bank or other agent holding your shares and follow their instructions for changing your vote.

Q:
Who is paying for this proxy solicitation?
A:
We will pay for the entire cost of soliciting proxies for the Annual Meeting. In addition to the proxy materials, our directors and employees may also solicit proxies in person, by telephone or by other means of communication. Directors and employees will not be paid any additional compensation for soliciting proxies. We may reimburse brokerage firms, banks and other agents for the cost of forwarding proxy materials.
Q:
Why did I receive a notice regarding the availability of proxy materials on the internet instead of a full set of proxy materials?
A:
In accordance with SEC rules, we have elected to furnish our proxy materials, including this Proxy Statement and our annual report, primarily via the internet. Beginning on or about May 1, 2023, we mailed to our stockholders a “Notice of Internet Availability of Proxy Materials” that contains notice of the Annual Meeting and instructions on how to access our proxy materials on the internet, how to vote at the meeting and how to request printed copies of the proxy materials and annual report. Stockholders may request to receive all future proxy materials in printed form by mail or electronically by e-mail by following the instructions contained at http://materials.proxyvote.com/87157B. We encourage stockholders to take advantage of the availability of the proxy materials on the internet to help reduce the environmental impact of our annual meetings.
Q:
What does it mean if multiple members of my household are stockholders, but we only received one Notice or full set of proxy materials in the mail?
A:
We have adopted a procedure called “householding,” which the SEC has approved. Under this procedure, we deliver a single copy of the Notice and, if applicable, the proxy materials to multiple stockholders who share the same address unless we received contrary instructions from one or more of the stockholders at that address. This procedure reduces our printing costs, mailing costs, and fees. Stockholders who participate in householding will continue to be able to access and receive separate proxy cards. Upon written request, we will deliver promptly a separate copy of the proxy materials to any stockholder at a shared address to which we delivered a single copy of any of these documents. To receive a separate copy of the proxy materials, stockholders should send their requests to our principal executive offices, Attention: Secretary. Stockholders who hold shares in street name (as described below) may contact their brokerage firm, bank, broker-dealer, or other similar organization to request information about householding.
Q:
How are votes counted?
A:
Each share of Common Stock is entitled to one vote. Our Series B Preferred Stock is non-voting and not convertible into Common Stock. Votes will be counted by the inspector of election appointed for the Annual Meeting. Prior to the Annual Meeting, the
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Q.
Who is paying for this proxy solicitation?
A.
The Company will pay for the entire cost of soliciting proxies. In addition to the proxy materials, our directors and employees may also solicit proxies in person, by telephone, or by other means of communication. Directors and employees will not be paid any additional compensation for soliciting proxies. The Company may reimburse brokerage firms, banks and other agents for the cost of forwarding proxy materials.
Q:
Why did I receive a notice regarding the availability of proxy materials on the Internet instead of a full set of proxy materials?
A:
In accordance with the rules of Securities and Exchange Commission (SEC), we have elected to furnish our proxy materials, including this proxy statement and our annual report to our stockholders, primarily via the Internet. Beginning on or about April 6, 2016, we mailed to our stockholders a "Notice of Internet Availability of Proxy Materials" that contains notice of the Annual Meeting and instructions on how to access our proxy materials on the Internet, how to vote at the meeting, and how to request printed copies of the proxy materials and annual report. Stockholders may request to receive all future proxy materials in printed form by mail or electronically by e-mail by following the instructions contained athttp://materials.proxyvote.com/87157B. We encourage stockholders to take advantage of the availability of the proxy materials on the Internet to help reduce the environmental impact of our annual meetings.
Q:
What does it mean if multiple members of my household are stockholders but we only received one Notice or full set of proxy materials in the mail?
A:
We have adopted a procedure called "householding," which the SEC has approved. Under this procedure, we deliver a

    single copy of the Notice and, if applicable, the proxy materials to multiple stockholders who share the same address unless we received contrary instructions from one or more of the stockholders. This procedure reduces our printing costs, mailing costs, and fees. Stockholders who participate in householding will continue to be able to access and receive separate proxy cards. Upon written request, we will deliver promptly a separate copy of the Notice and, if applicable, the proxy materials to any stockholder at a shared address to which we delivered a single copy of any of these documents. To receive a separate copy of the Notice and, if applicable, the proxy materials, stockholders should send their requests to our principal executive offices, Attention: Corporate Secretary. Stockholders who hold shares in street name (as described below) may contact their brokerage firm, bank, broker-dealer, or other similar organization to request information about householding.

Q.
How are votes counted?
A.
Each share of Common Stock is entitled to one vote. Votes will be counted by the inspector of election appointed for the Annual Meeting. Prior to the Annual Meeting, the
inspector will sign an oath to perform his or her duties in an impartial manner and according to the best of his or her ability. The inspector will determine the number of shares of Common Stock represented at the Annual Meeting and the validity of proxies and ballots, count all votes and ballots and perform certain other duties. The determination of the inspector of elections as to the validity of proxies will be final and binding.
Q.
What vote is required to approve each proposal?

The
Q:
What vote is required to approve each proposal?
Our directors are elected by a plurality of the votes cast at the Annual Meeting,an annual meeting of stockholders, meaning the two nominees receiving the most

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    "For"For votes (among votes properly cast in personat the Annual Meeting or by proxy) will be elected. An instruction to "Withhold"Withhold authority to vote for a nominee will result in the nominee receiving fewer votes but will not count as a vote against the nominee. If you do not instruct your broker how to vote with respect to this item,proposal, your broker may not vote with respect to this proposal. Abstentions and "broker non-votes"“broker non-votes” (i.e., shares held by a broker or nominee that are represented at the Annual Meeting, but with respect to which such broker or nominee is not instructed to vote on a particular proposal, andsuch broker or nominee does not have discretionary voting power) will have no effect on the election of a nominee. Because this proposal is a non-routine matter, broker non-votes are expected to exist in connection with this proposal.

Ratification of the appointment by our Board of Directors of Ernst & Young LLP as the Company'sCompany’s independent registered public accounting firm for our fiscal year ending December 31, 2016,2023 requires a "For"For vote from the majority of all of the outstanding shares that are present in personat the Annual Meeting or represented by proxy and cast affirmatively or negatively at the Annual Meeting. Abstentions and broker non-votes will not be counted "For"as either “For or "Against"Against this proposal and will have no effect on this proposal. Because this proposal is a routine matter, a broker non-votes areor other nominee may generally vote, although several large brokerage firms have recently eliminated discretionary voting even for “routine” matters. Therefore, if you hold your shares through such brokerage firms, then your shares might not expectedbe voted, even for “routine” matters if you do not give voting instructions to exist in connection with this proposal.

Advisoryyour broker.
The advisory approval of the compensation of the Company's named executive officersCompany’s NEOs as described in thethis Proxy Statement requires a "For"For vote from the majority of all of the outstanding shares that are present in personat the Annual Meeting or represented by proxy and cast affirmatively or negatively at the Annual Meeting. Abstentions and broker non-votes will not be counted "For"as either “For or "Against"Against this proposal and will have no

      effect on this proposal. Even though your vote is advisory and therefore will not be binding on the Company, our Compensation Committee will review the voting results and take them into consideration when making future executive compensation decisions. Because

The frequency receiving the greatest number of votes cast by stockholders, as part of the advisory approval of the frequency of future advisory votes on the compensation of the Company’s NEOs as described in this Proxy Statement, will be deemed to be the preferred frequency of our stockholders. Abstentions and broker non-votes will not be counted as either “For” or “Against this proposal is a non-routine matter, broker non-votesand will have no effect on this proposal. Even though your votes are expected to exist in connection with this proposal.

advisory and therefore will not be binding on the Company, our Compensation Committee will review the voting results and take them into consideration when making future decisions on the frequency of the stockholder advisory votes on the compensation of the Company’s NEOs.

If there are insufficient votes to approve any of the matters, your proxy may be voted by the persons named in the proxy to adjourn the Annual Meeting in order to solicit additional proxies in favor of the approval of such proposal(s). If the Annual Meeting is adjourned for any reason, at any subsequent reconvening of the meeting, your proxy will be voted in the same manner as it would have been voted at the original Annual Meeting unless you revoke or withdraw your proxy. Your proxy may be voted in this manner even though it may have been voted on the same or any other matter at a previous session of the Annual Meeting.

Q.
Is my vote confidential?
A.
Proxies, ballots and voting tabulations are handled on a confidential basis to protect your voting privacy. This information will not be disclosed, except as required by law.
Q.
What is the quorum requirement?
A.
Q:
Is my vote confidential?
A:
Proxies, ballots and voting tabulations are handled on a confidential basis to protect your voting privacy. This information will not be disclosed, except as required by law.
Q:
What is the quorum requirement?
A:
A quorum of stockholders is necessary to hold a valid stockholders meeting. A quorum will be present if a majority of the voting power of all of the Company’s outstanding shares is represented by stockholders present at the Annual Meeting or by proxy. Your shares will be counted towards the quorum only if you submit a valid proxy (or one is submitted on your behalf by your broker, bank or other agent) or vote at the Annual Meeting. Abstentions and broker non-votes will be counted towards the quorum requirement. If a quorum is not present, the chair of the meeting or the holders of a majority of the votes present at the Annual
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Meeting may adjourn the Annual Meeting to another date. Unless the polls have closed or by proxy. On the record date, there were 45,204,451 shares of Common Stock outstandingyou have revoked your proxy, your proxy will still be in effect and entitled to vote. Thus, 22,602,226 shares mustmay be represented by stockholders present atvoted once the Annual Meeting is reconvened. However, you will still be able to change or byrevoke your proxy with respect to the proposals until the polls have a quorum. Your shares will be counted towardsclosed for voting on the quorum only if you submit a valid proxy vote (or one is submitted on your behalf by your broker, bank or other agent) or vote at the Annual Meeting. Abstentions and broker non-votes will be counted towards the quorum requirement.proposals.

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Q.
How can I find out the results of the voting at the Annual Meeting?
A.
Preliminary voting results will be announced at the Annual Meeting. Final voting results

    will be set forth in a Current Report on Form 8-K to be filed by the Company with the SEC no later than four (4) business days after the Annual Meeting.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
STOCKHOLDER MEETING TO BE HELD ON MAY 17, 2016.

The proxy statement and annual report to stockholders is available athttp://materials.proxyvote.com/87157B.


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Corporate GovernanceQ:
How can I find out the results of the voting at Synchronossthe Annual Meeting?

CORPORATE GOVERNANCE GUIDELINES

A:
Preliminary voting results will be announced at the Annual Meeting. Final voting results will be set forth in a Current Report on Form 8-K to be filed by the Company with the SEC no later than four business days after the Annual Meeting.
Q:
How can I submit a question at the Annual Meeting?
A:
If you want to submit a question during the Annual Meeting, log into www.virtualshareholdermeeting.com/SNCR2023, type your question into the “Ask a Question” field, and click “Submit.” Questions pertinent to meeting matters will be read and answered during the meeting, subject to time constraints. The Company will have the questions and answers available after the Annual Meeting and will provide them upon request.
Q:
What if I have technical difficulties or trouble accessing the Annual Meeting?
A:
If you encounter any technical difficulties with the virtual meeting platform on the meeting day, technical support phone numbers will be available on the virtual meeting registration page fifteen minutes prior to the start time of the meeting and will remain available until the Annual Meeting has ended.
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Corporate Governance at Synchronoss
Corporate Governance Guidelines
Synchronoss is committed to excellentstrong and systematic corporate governance, which we believe helps us to sustain our success and build long-term value for our stockholders. Our Board has adopted Corporate Governance Guidelines (the "Guidelines"Guidelines), which setare reviewed annually, to ensure we have implemented the most recent best practices in governance. This document sets forth the framework within which our Board can effectively function and govern our affairs.the business. The Guidelines address, among other things, the composition and responsibilities of our Board, director independence, management succession planning and review,evaluation, access to information, executive sessions, communication with stockholders, target ownership by, and remuneration of, our directors, Board committees and selection of new directors. The Guidelines also specify the ways in which our Chief Compliance Officer interacts with the Board, and the responsibilities of our Disclosure Committee. We have also adopted a Workplace Code of Ethics and Business Conduct (the “Code”) that applies to all of our employees, officers (including our principal executive officer, principal financial officer, principal accounting officer, or those serving similar functions) and directors. Consistent with our Code, we have developed a Supplier Code of Conduct to ensure we flow down our values and the values of our customers to our suppliers. The Guidelines and Code of Business Conduct are available on the Investor Relations section of our website atwww.synchronoss.com.

Our

We have also implemented a Governance, Risk and Compliance Committee (“GRC Committee”) composed of the Chief Compliance Officer, Chief Legal Officer, Director of Governance Risk and Compliance and other rotating members as may be necessary from time to time. The GRC Committee is tasked with reviewing the Company's enterprise risk framework, monitoring developments in corporate governance, implementing new or updated policies or procedures as necessary and monitoring and coordinating the assumption of risk across the company. Additionally, our Board regularly reviews legal and regulatory requirements, evolving best practices and other developments, and may modify, waive, suspend or repeal the Corporate Governance Guidelines or Code of Business Conduct from time to time as it deems necessary or appropriate in the exercise of our Board'sBoard’s judgment or in the best interests of our stockholders. If we makeour Board makes any substantive amendments to the Guidelines or the Code, of Business Conduct, we will promptly disclose the nature of the amendment or waiver on our website to the extent required by applicable law or regulations.

BOARD LEADERSHIP STRUCTURE

Board Leadership Structure

Our

Consistent with the Guidelines, our Board believes it is important to retain its flexibility to allocate the responsibilities of our Chief Executive Officer ("CEO"(“CEO) and ChairmanChair of the Board in any way that is in the best interests of our Company based on the circumstances existing at a particular point in time.Company. Our Board believes that it should periodically assess who should serve these roles and whether the offices should be served independently or jointly, and that our Board should not be restricted by any strict policy directive when making these decisions. Currently,In the event the Board determines it is in the best interest of the Company to combine the roles of CEO and Chair of the Board, the Guidelines provide that a Lead Independent Director shall be elected by a majority vote of the independent members of the Board. The Lead Independent Director shall be responsible for coordinating the activities and meetings of the independent members, determining an appropriate schedule and agendas for meetings of the Board, and ensuring robust corporate governance. In addition, our Board continually evaluates its leadership structure to ensure that the Board is structured to address the best interests of our Company and our stockholders as they evolve over time.
Our Board has determined that our Company and our stockholders are best served by having Mr. Waldis, one of our founders, serve as both our ChairmanExecutive Chair of the Board, and CEO. Mr. Waldis' combined roleMiller serve as Chairmanour CEO and a member of the Board andour Board. As CEO, promotes unified leadership and direction for our Board and executive management and allows for a single, clear focus for the chain of command to execute our strategic initiatives and business plans. AsMr. Miller is the individual with primary responsibility for managing our day-to-day operations, setting our overall business strategy, and with in-depth knowledge and understandingensuring the successful growth of our Company,business. Mr. Waldis is best positioned to chair regular Board meetingsWaldis’ in-depth experience as our founder and long-time CEO and Chair of the Board discusses keyposition him well to serve as our Executive Chair of the Board, assisting on certain sales and business development activities, and strategic issues.

providing other consultative support to the CEO, upon Mr. Miller’s request.

INDEPENDENCE OF OUR BOARD OF DIRECTORS

Independence of our Board of Directors

Each year, as part of our assessment of director independence, our Nominating/Corporate Governance Committee and our full Board conduct a review of the financial and other relationships between each director, or any of their immediate family members, and our Company, our senior management, companies with whom we have business dealings and our independent registered public accounting firm, in addition to reviewing any other relationship which may impact the independent judgment of any member of the Board when executing his or her responsibilities as parta member of its assessment of director independence.the Board. Our Board also consults with our legal counsel to ensure that its determinations are consistent with all


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relevant laws and regulations regarding the definition of independent,independence, including those set forth in pertinent listing standards of theThe Nasdaq Global Market ("Nasdaq"(“Nasdaq), as amended from time to time. Consistent with those considerations, after review of all relevant transactions or relationships, our Board has affirmatively determined that all of our directors

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are independent directors within the meaning of the applicable Nasdaq listing standards, except for Stephen G. Waldis, who serves as our Executive Chair, and Jeffrey Miller, who serves as our CEO. Our independent directors meet in regularly scheduled executive sessions where only independent directors are present. Mr. Cadogan presides over those sessions.

There are no family relationships among any of our directors or executive officers.

BOARD OF DIRECTORS OVERSIGHT OF RISK MANAGEMENT

Board of Directors Oversight of Risk Management

Risk is inherent with every business and how well a business manages risk can ultimately determine its success. We face a number of risks, including risks relating to our operations, strategic direction and intellectual property as more fully discussed under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and our other SEC filings. Assessing and managing risk is the responsibility of our management. Our Board oversees management in the execution of its responsibilities and for assessingincluding our approach to risk management. An overall review and assessment of risk is inherent in our Board'sBoard’s consideration of our operations, business plans, strategies, and other significant developments.proposed strategy. Additionally, our Board regularly reviews various risks arising out of transactions and other mattersstrategic opportunities that are presented to our Board and when making decisions impacting us.Board. At least annually, our Board also reviews and analyzes the strategic and operational risks and opportunities that face our Company as a whole, as well as those related to specific areas of our business.

business, including governance, audit and cybersecurity.

Our Board delegates the oversight of certain categories of risk affecting our Companyoperations to designated Board committees, who report their findings to our full Board. OurThe Audit Committee is responsible for overseeing our Board'sBoard’s execution of its risk management oversight responsibility, including discussing guidelinesresponsibility. It implements and oversees policies governing the process by which our managementleadership team and other persons responsible for risk management assess and manage our exposure to major financial risk, exposures and the steps management hasthey have taken to monitor and control such exposures,exposure, based on consultation with our managementthe leadership team and independent auditors. Our Audit Committee also annually reviews the audit plan of management, our information technology and cybersecurity risks and mitigation strategies, the domestic and international tax function and treasury operations, and conformity with ethics and compliance standards. In addition, our Board has delegated to other CommitteesBoard committees the oversight of risks within their areas of responsibility and expertise. For example, our Compensation Committee oversees the risks associated with our compensation practices, including an annual assessment of our compensation policies and practices for our employees. Our
Stockholder Communications with our Board also believes its oversight of risk is enhanced byDirectors
Members of management and our Board regularly communicate with our stockholders. In the current leadership structure discussed above because our CEO, who is ultimately responsible for our management of risk, also chairs regular Board meetings, and with his in-depth knowledge and understanding of our Company, is best ableevent a stockholder wants to bring key business issues and risks to our Board's attention.

BOARD SELF-EVALUATION

Our Nominating/Corporate Governance Committee oversees a bi-annual self-evaluation process to analyze and review our Board's performance. The Committee reviews these results and discusses them with the full Board with the intention of utilizing them to enhance our Board's effectiveness and, if necessary, develop action plans.

STOCKHOLDER COMMUNICATIONS WITH OUR BOARD OF DIRECTORS

Stockholders may communicate with our management and independent directors, they may do so by sending a letter to Synchronoss Technologies, Inc., 200 Crossing Boulevard, Eighth Floor, Bridgewater, New Jersey 08807, Attention:


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Secretary. Each such communication should set forth the (i) name and address of suchthe stockholder as they appear on our books and, if the shares of our Common Stock are held by a broker, bank or other agent, the name and address of the beneficial owner of such shares, and (ii) number of shares of our Common Stock that are owned of record by such record holder andand/or beneficially by such beneficial owner. Our Secretary will review all communications from stockholders and has the authority to disregard any inappropriate communications or take other appropriate actions with respect to any inappropriate communications. If deemed an appropriate communication, our Secretary will forward it, depending on the subject matter, to the chairperson of a Committeecommittee of our Board or a particular director, as appropriate.

Board Self-Evaluation
Our Nominating/Corporate Governance Committee oversees an annual self-evaluation process to analyze and review our Board’s and its Committees’ performance and the performance of each of the members of our Board. Our Nominating/Corporate Governance Committee reviews these results and discusses them with the full Board with the intention of utilizing them to enhance our Board’s effectiveness and, if necessary, develop action plans.
Director Qualifications and Skills
Our Nominating/Corporate Governance Committee is responsible for recommending to our Board nominees for election as directors each year and evaluating new candidates as appropriate. This assessment includes an evaluation of each director’s skills and experience, qualification as independent, as well as various other factors including the differences in perspectives, experiences, and background each member of the Board individually brings to the Board. Our Nominating/Corporate Governance Committee then looks for the following skills and experience in individual members of the Board to enhance the function of the Board as a whole.
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Director Qualifications and Skills
graphic
graphic

BOARD OF DIRECTORS AND COMMITTEE DUTIES

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Board of Directors and Committee Duties
Our Board oversees, counsels and directs management in the long-term interests of our Company and our stockholders. Our Board, individually and through its Committees,committees, is responsible for:

overseeing
Overseeing the conduct, assessment and other operational risks to evaluate whether our business is being properly managed;

reviewing
Reviewing and approving our strategic, financial and operating plans and other significant actions;

selecting, evaluating
Evaluating the performance of and reviewing and determining the compensation of our CEO and other executive officers;

planning
Planning for succession for our CEO and monitoring management'smanagement’s succession planning for other executive officers; and

overseeing
Overseeing the processes for maintaining ourthe integrity with regard toof our financial statements, and other public disclosures, and compliance with laws and ethics.

BOARD STRUCTURE AND COMMITTEES

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Board Structure and Committees
During 2015,2022, our Board met nine times.fourteen times and acted eight times by unanimous written consent. Each director attended at least 75% of the meetings of our Board meetings and of each Committeecommittee of which he or she served as a member during 2015. Each director other than Mr. Mooremember. All six of our directors attended our 20152022 Annual Meeting of Stockholders. Our Board has established an Audit Committee, a Compensation Committee, a Business Development Committee and a Nominating/Corporate Governance Committee. Our Board has delegated various responsibilities and authority to its Committeescommittees as generally described below. Our Board has determined that each member of our Audit, Compensation, Business Development and Nominating/Corporate Governance Committees is free of any relationship that would interfere with his individual exercise of independent judgment with

Audit Committee
Current Members:

• Laurie L. Harris (Chair)
• Kristin S. Rinne
• Martin F. Bernstein

6 Meetings in 2022
Our Audit Committee oversees the integrity of our financial statements, compliance with applicable legal and regulatory requirements, effectiveness of our internal controls and audit function, and the qualifications, independence, and performance of our independent registered public accounting firm. Our Audit Committee also discussed with our independent registered public accounting firm the overall scope and plans for their audit and met with them on a regular basis without members of management. Our Audit Committee consults with our management and our independent registered public accounting firm prior to the presentation of financial statements to stockholders and, as appropriate, initiates inquiries into aspects of our financial affairs. In addition, our Audit Committee:

• Reviews our annual audited and quarterly financial statements and SEC reporting;

• Reviews management’s assessment of risk pertaining to our reporting and disclosure controls and monitors our internal controls and audit functions, the results and scope of the annual audit and other services provided by our independent registered public accounting firm;

• Reviews our compliance with legal matters that have a significant impact on our financial statements;

• Establishes procedures for the receipt and treatment of complaints regarding internal accounting controls or auditing matters and the confidential, anonymous submission by our employees of concerns regarding questionable accounting or auditing matters;

• Appoints, compensates, reviews procedures to ensure the independence of and oversees the work of, our independent registered public accounting firm, including approving services and fee arrangements;

• Reviews with senior members of our management our policies and practices regarding risk assessment and risk management;

• Approves all related party transactions;

• Reviews periodically the adequacy and effectiveness of our internal and disclosure controls, including our policies regarding compliance with legal, regulatory, code of conduct, ethical and internal auditing standards;

• Reviews earnings press releases prior to issuance; and

• Reviews findings and recommendations of our independent registered public accounting firm and management’s response to their recommendations.
Our Audit Committee is currently comprised of the following three directors: Laurie L. Harris (Chair), Kristin S. Rinne and Martin F. Bernstein. Our Audit Committee met six times during 2022. Our Board annually reviews the definition of independence for Audit Committee members set forth in the Nasdaq listing standards and has determined that all members of our Audit Committee are independent (as independence is currently defined in Rule 5605(a)(2) and 5605(c)(2) of the Nasdaq listing standards). In addition to qualifying as independent under the Nasdaq rules, each member of our Audit Committee can read and has a working understanding and comprehension of fundamental financial statements. Our Board has determined that Ms. Harris is an audit committee financial expert, as defined by Item 407(d) of Regulation S-K based on a qualitative assessment of her level of knowledge and capability based on a number of factors, including her formal education and experience. The designation does not impose on Ms. Harris any duties, obligations or liability that are greater than are generally imposed on her as a member of our Audit Committee and our Board, and her designation as an Audit Committee financial expert pursuant to this SEC requirement does not affect the duties, obligations or liability of any other member of our Audit Committee or Board. Our Audit Committee charter can be found on the Investor Relations section of our website at www.synchronoss.com.

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regard to us. The following table provides membership and meeting information for each of our Board committees during 2015:

             

 

 

Name

 Audit
Compensation
Business
Development


Nominating/Corporate
Governance


​  

 

Stephen G. Waldis

   ·  

 

 

William J. Cadogan

 · ·1 · ·  
​ ​ ​ ​ ​ ​ 

​  

 

Charles E. Hoffman

  ·  ·1 

 

 

Thomas J. Hopkins

 · · ·1    
​ ​ ​ ​ ​ ​ 

​  

 

James M. McCormick

     

 

 

Donnie M. Moore

 ·1     ·  
​ ​ ​ ​ ​ ​ 

​  

 

Total meetings in year 2015

 8 7 3 1 

1
Committee Chairperson

Charles E. Hoffman has informed the Company that he will not stand for re-election at the Annual Meeting in order to devote his full time and efforts to his other commitments. Following the Annual Meeting, the size of our Board is expected to be decreased to five directors. Your proxy cannot be voted for a greater number of persons than the number of nominees named in this proxy statement.

AUDIT COMMITTEE

Compensation Committee
Current Members:

• Mohan S. Gyani (Chair)
• Kristin S. Rinne
• Martin F. Bernstein

8 Meetings in 2022
2 Actions by Unanimous Written Consent
Our Compensation Committee is currently comprised of the following three directors: Mohan Gyani (Chair), Kristin Rinne and Martin Bernstein, each of whom is independent, as currently defined in Rule 5605(a)(2) and 5605(d)(2) of the Nasdaq listing standards. Mr. Waldis and Mr. Miller also attend Compensation Committee meetings in a non-voting observer capacity but do not participate in discussions regarding their own compensation. Each member of our Compensation Committee is a non-employee director, as defined pursuant to Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Our Compensation Committee met eight times during 2022 and acted by unanimous written consent twice. Our Compensation Committee is charged by our Board to:

• review and approve our compensation strategy and philosophy;

• review and approve our annual corporate goals and objectives related to executive compensation and evaluate performance in light of these goals;

• review and approve policies and all forms of compensation and other benefits to be provided to our employees (including our NEOs), including among other things the annual base salaries, bonus, stock options, restricted stock awards and other incentive compensation arrangements;

• evaluate the CEO’s performance and determine his salary and incentive compensation1;

• in consultation with the CEO, determine the salaries and incentive compensation of our other executive officers;

• make recommendations from time to time to our Board regarding non-employee director compensation matters;

• recommend, for approval by the Board, the adoption or amendment of our equity and cash incentive plans;

• administer our stock purchase plan and equity incentive plans;

• oversee the administration of our other material employee benefit plans, including our 401(k) plan; and

• review and approve other aspects of our compensation policies and matters as they arise from time to time.
A more detailed description of our Compensation Committee’s functions can be found in our Compensation Committee charter, which can be found on the Investor Relations section of our website at www.synchronoss.com.

Our Compensation Committee has also established a Key Employee Equity Awards Committee, with our CEO as the sole member, whose purpose is to approve equity awards to our newly hired and current employees, other than executive officers and subject to guidelines previously approved by our Compensation Committee. Our Key Employee Equity Awards Committee acted by unanimous written consent 12 times in 2022.

In accordance with Nasdaq listing standards, our Compensation Committee, under its charter, may select and retain, and is directly responsible for the appointment, compensation and oversight of, compensation consultants or any other third party to assist in the evaluation of director and officer compensation, as well as any other compensation matters. In addition, our Compensation Committee has the responsibility to consider the independence of these advisers in accordance with applicable law and/or Nasdaq listing standards. Our Compensation Committee has retained Deloitte Consulting LLP (“Deloitte”) as its compensation consultant. In 2022, Deloitte did not perform any services for us other than its services to our Compensation Committee and received no compensation from us other than its fees in connection with the firm’s retention as our Compensation Committee’s compensation consultant. Our Compensation Committee assessed the independence of Deloitte pursuant to applicable SEC rules and Nasdaq listing standards and concluded that the work of Deloitte has not raised any conflict of interest. Our Compensation Committee considers the information provided by Deloitte when making decisions with respect to compensation matters, along with information it receives from management and its own judgment and experience. Deloitte serves at the discretion of our Compensation Committee and our Compensation Committee approves the fees paid to Deloitte.
1
The evaluation of the performance of the CEO has been moved to the Nominating/Corporate Governance Committee effective February 2023.
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Compensation Committee overseesInterlocks and Insider Participation
During the integrity of our financial statements, compliance with applicable legalcalendar year ending on December 31, 2022, Mohan Gyani (Chair), Kristin Rinne and regulatory requirements, effectiveness of our internal controls and audit function currently in place, and the qualifications, independence, and performance of our independent registered public accounting firm. During 2015, seniorMartin Bernstein served as members of our financial and legal management participated in each of our Audit Committee's meetings. Our Audit Committee also discussed with our independent registered public accounting firm the overall scope and plans for their audit and met with them on a regular basis without members of management. Our Audit Committee consults with our management and our independent registered public accounting firm prior to the presentation of financial statements to stockholders and, as appropriate, initiates inquiries into aspects of our financial affairs. In addition, our Audit Committee:

    reviews our annual audited and quarterly financial statements and reporting;

    reviews and monitors our external audits, including, among other things, our internal controls and audit functions, the results and scope of the annual audit and other services provided by our independent registered public accounting firm and our compliance with legal matters that have a significant impact on our financial statements;

    establishes procedures for the receipt, retention and treatment of complaints regarding internal accounting controls or auditing matters, and for the confidential, anonymous submission by our employees of concerns regarding questionable accounting or auditing matters;

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    appoints, retains, compensates, reviews procedures to ensure the independence of, and oversees the work of, our independent registered public accounting firm, including approving services and fee arrangements;

    reviews with senior members of our management our policies and practices regarding risk assessment and risk management;

    approves all related party transactions;

    reviews management's implementation and maintenance of effective internal and disclosure controls, including our policies regarding compliance with legal, regulatory, ethical and internal auditing standards;

    reviews earnings press releases prior to issuance; and

    reviews findings and recommendations of our independent registered public accounting firm and management's response to their recommendations.

Three directors comprise our Audit Committee: Thomas J. Hopkins, William J. Cadogan and Donnie M. Moore. Our Audit Committee met eight times during 2015. Our Board annually reviews the Nasdaq listing standards definition of independence for Audit Committee members and has determined that all members of our Audit Committee are independent (as independence is currently defined in Rule 5605(a)(2) and 5605(c)(2) of the Nasdaq listing standards). In addition to qualifying as independent under the Nasdaq rules, each member of our Audit Committee can read and has a working understanding and comprehension of fundamental financial statements. Our Board has determined that each of Donnie M. Moore and Thomas J. Hopkins is an audit committee financial expert, as defined by Item 407(d) of Regulation S-K of the Securities Exchange Act. Our Board has made a qualitative assessment of each of their level of knowledge and experience based on a number of factors, including their respective formal education and experience. The designation does not impose on either Mr. Moore or Mr. Hopkins any duties, obligations or liability that are greater than are generally imposed on them as a member of our Audit Committee and our Board, and their designation as an Audit Committee financial expert pursuant to this SEC requirement does not affect the duties, obligations or liability of any other member of our Audit Committee or Board. Our Audit Committee charter can be found on the Investor Relations section of our website atwww.synchronoss.com.

COMPENSATION COMMITTEE

Our Compensation Committee of our Board is comprised of three directors: William J. Cadogan, Charles E. Hoffman and Thomas J. Hopkins, each of whom is independent, as currently defined in Rule 5605(a)(2) and 5605(d)(2) of the Nasdaq listing standards. In addition, each member of our Compensation Committee is a non-employee director, as defined pursuant to Rule 16b-3 promulgated under the Exchange Act, and an outside director, as defined pursuant to Section 162(m) of the Internal Revenue Code of 1986, as amended. Effective as of the expiration of Mr. Hoffman's term as a director at our 2016 Annual Meeting, our Board may either appoint another current director of the Company to replace Mr. Hoffman on our Compensation Committee or the committee will become a two-member


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committee. Our Compensation Committee met seven times during 2015. Our Compensation Committee is charged by our Board to:

review and approve our compensation policies and all forms of compensation and other benefits to be provided to our employees (including our NEOs), including among other things annual salaries, bonus, stock options, restricted stock grants and other incentive compensation arrangements;

establish our overall compensation objectives and structure relating to executive officers and directors;

make recommendations from time to time to our Board regarding executive compensation matters;

administer our stock purchase plan and equity incentive plans; and

review and approve other aspects of our compensation policies and matters as they arise from time to time.

In accordance with Nasdaq listing standards, our Compensation Committee under its charter has the authority and responsibility to retain or obtain the advice of compensation consultants, legal counsel and other compensation advisers, the authority to fund such advisers, and the responsibility to consider the independence factors specified under applicable law and any additional factors the compensation committee deems relevant. A more detailed description of our Compensation Committee's functions can be found in our Compensation Committee charter which can be found on the Investor Relations section of our website atwww.synchronoss.com. Our Compensation Committee has also established a Key Employee Equity Awards Committee, with our CEO as the sole member, whose purpose is to approve stock option and restricted stock grants to our newly hired and current employees, subject to guidelines previously approved by our Compensation Committee. Our Key Employee Equity Awards Committee acted fourteen times in 2015.

Our Compensation Committee may select and retain, and is directly responsible for the appointment, compensation and oversight of, compensation consultants or any other third party to assist in the evaluation of director and officer compensation as well as any other compensation matters. Our Compensation Committee considers these analyses as a factor in making decisions with respect to compensation matters along with information it receives from management and its own judgment and experience. Its compensation consultant generally attends regular Compensation Committee meetings and meets with our Compensation Committee without management present. Our Compensation Committee has retained Deloitte Consulting LLP ("Deloitte") as its compensation consultant. The compensation consultant serves at the discretion of our Compensation Committee and the compensation consultant's fees are approved by our Compensation Committee. In 2015, Deloitte did not perform any services for us other than its services to our Compensation Committee and received no compensation from our Company other than its fees in connection with its retention as our Compensation Committee's compensation consultant. Our Compensation Committee assessed the independence of Deloitte pursuant to applicable SEC rules and Nasdaq listing standards and concluded that the work of Deloitte has not raised any conflict of interest.


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COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

None of the members of our Compensation Committee was an officer or employee of our Company at any time during 2015. No2022 and none of the members of our Compensation Committee has ever served as an officer of our Company or had any relationship with us requiring disclosure herein. None of our executive officerofficers currently serves, or in the past fiscal year has served, as a member of the board of directors or compensation committee of any other entity that has one or more executive officers serving as a member of our Board or Compensation Committee. In 2015, we did not make any loans to directors or executive officers relating to purchases of our Common Stock or for any other purpose.

Business Development Committee
Current Members:

Jeffrey G. Miller (Chair)
Kristin S. Rinne
Stephen G. Waldis
Mohan S. Gyani
Martin F. Bernstein

2 Meetings in 2022
The current members of our Business Development Committee are: Jeffrey G. Miller (Chair), Kristin S. Rinne, Stephen G. Waldis, Mohan Gyani and Martin F. Bernstein. All members of our Business Development Committee other than Mr. Waldis and Mr. Miller are independent (as independence is currently defined in Rule 5605(a)(2) of the Nasdaq listing standards). Our Business Development Committee met twice in 2022. Our Business Development Committee reviews certain strategic business development and growth opportunities and recommends those that it determines are in line with our short-term and long-term strategic goals. Our Business Development Committee charter can be found on the Investor Relations section of our website at www.synchronoss.com.
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Nominating/Corporate Governance Committee
Current Members:

• Kristin S. Rinne (Chair)
• Laurie L. Harris

3 Meetings in 2022
The current members of our Nominating/Corporate Governance Committee are: Kristin Rinne (Chair) and Laurie Harris. William Cadogan resigned from the Board and all committees, including the Nominating/Corporate Governance Committee, effective March 31, 2022. Ms. Rinne and Ms. Harris joined the Nominating/Corporate Governance Committee in March 2022. Our Nominating/Corporate Governance Committee met three times in 2022. All members of our Nominating/Corporate Governance Committee are independent (as independence is currently defined in Rule 5605(a)(2) of the Nasdaq listing standards). In addition, our Nominating/Corporate Governance Committee:

• Reviews and reports to our Board on a periodic basis with regard to matters of corporate governance;

• Evaluates the performance of our CEO and establishes his annual goals;2

• Recommends qualified candidates to our Board for election as our directors, including the directors our Board proposes for election by the stockholders at the Annual Meeting and directors nominated by our stockholders;

• Reviews, assesses and makes recommendations on the effectiveness of our corporate governance policies and on matters relating to the practices of directors and the functions and duties of the various Board committees;

• Develops and implements our Board’s annual self-assessment process and works with our Board to implement improvements in their effectiveness;

• Reviews succession plans periodically with our CEO relating to positions held by elected corporate officers;

• Reviews and makes recommendations to our Board regarding the size and composition of our Board and the appropriate qualities and skills required of our directors in the context of the then current make-up of our Board and our business; and

• Establishes and periodically reviews stock ownership guidelines for our executive officers and directors.
Our Nominating/Corporate Governance Committee charter can be found on the Investor Relations section of our website at www.synchronoss.com.

Our Nominating/Corporate Governance Committee has established procedures for the nomination process and leads the search for, selects and recommends candidates for election to our Board. Consideration of new director candidates typically involves a series of committee discussions, the review of information concerning candidates and interviews with selected candidates. Candidates for nomination to our Board typically have been suggested by other members of our Board or by our executive officers. From time to time, our Nominating/Corporate Governance Committee may engage the services of a third-party search firm to identify director candidates. Our Nominating/Corporate Governance Committee also considers candidates proposed in writing by stockholders, provided those proposals meet the eligibility requirements for submitting stockholder proposals under our amended and restated bylaws, and are accompanied by certain required information about the candidate in accordance with our amended and restated bylaws and organizational documents. Candidates proposed by stockholders will be evaluated by our Nominating/Corporate Governance Committee using the same criteria as for all other candidates. Stockholders may contact the Secretary at our principal executive offices for a copy of the relevant bylaw provisions regarding the requirements for making stockholder nominations and proposals. For more information pertaining to stockholder proposal, see “Stockholder Proposals for the Next Annual Meeting.”

In considering nominees for our Board, our Nominating/Corporate Governance Committee considers each candidate’s independence, personal and professional integrity, financial literacy or other professional or business experience relevant to an understanding of our business, ability to think and act independently and with sound judgment and ability to serve our stockholders’ long-term interests. These factors, along with others considered useful by our Nominating/Corporate Governance Committee, are reviewed in the context of an assessment of the perceived needs of our Board at a particular point in time. As a result, the priorities and emphasis of our Nominating/Corporate Governance Committee and of our Board may change from time to time to take into account changes in our business and other trends and the portfolio of skills and experience of current and prospective directors. Although we have not adopted a formal policy, our Nominating/Corporate Governance Committee is committed to considering a diverse slate of candidates in identifying director nominees or in searching for new directors.

NOMINATING/CORPORATE GOVERNANCE COMMITTEE

2
The evaluation of the performance of the CEO moved from the Compensation Committee to the Nominating/Corporate Governance Committee effective February 2023.
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Meet our Executive Officers
Information about our Executive Officers
The membersfollowing table sets forth the name, age and position of our Nominating/Corporate Governance Committee are: William J. Cadogan, Charles E. Hoffman and Donnie M. Moore. Effective aseach of the expiration of Mr. Hoffman's term as a director at our 2016 Annual Meeting, Mr. Moore is expected to be appointed as chair of our Nominating Corporate Governance Committee, and our Board may either appoint another current director of the Company to replace Mr. Hoffman on our Nominating/Corporate Governance Committee or the committee will become a two-member committee. Our Nominating/Corporate Governance Committee met once in 2015. All members of our Nominating/Corporate Governance Committee are independent (as independence is currently defined in Rule 5605(a)(2) of the Nasdaq listing standards). In addition, our Nominating/ Corporate Governance Committee:

reviews and reports to our Board on a periodic basis with regard to matters of corporate governance;

recommends qualified candidates to our Board for election as our directors, including the directors our Board proposes for election by the stockholders at the Annual Meeting and directors nominated by our stockholders;

reviews, assesses and makes recommendations on the effectiveness of our corporate governance policies and on matters relating to the practices of directors, and the functions and duties of the various Board committees;

develops and implements our Board's bi-annual self-assessment process and works with our Board to implement improvements in their effectiveness;

reviews succession plans periodically with our CEO relating to positions held by elected corporate officers; and

establishes and periodically reviews stock ownership guidelines for our executive officers and directors.

Our Nominating/Corporate Governance Committee charter can be found on the Investor Relations sectionas of our website atwww.synchronoss.com. Our Nominating/Corporate Governance Committee also reviews and makes recommendations to our Board regarding the size and composition of our Board and the appropriate qualities and skills required of our directors in the context of the then current make-up of our Board and our business. Our Nominating/Corporate Governance Committee has established procedures for the nomination process and leads the search for, selects and recommends candidates for election to our Board. Consideration of new director candidates typically involves a series of committee discussions, the review of information concerning candidates and interviews with selected candidates. Candidates for nomination to our Board typically have been


April 17, 2023.

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suggested by other members of our Board or by our executive officers. From time to time, our Nominating/Corporate Governance Committee may engage the services of a third-party search firm to identify director candidates. Our Nominating/Corporate Governance Committee also considers candidates proposed in writing by stockholders, provided such proposal meets the eligibility requirements for submitting stockholder proposals under our amended and restated bylaws and is accompanied by certain required information about the candidate. Candidates proposed by stockholders will be evaluated by our Nominating/Corporate Governance Committee using the same criteria as for all other candidates. In considering nominees for our Board, our Nominating/Corporate Governance Committee considers each candidate's independence, personal and professional integrity, financial literacy or other professional or business experience relevant to an understanding of our business, ability to think and act independently and with sound judgment and ability to serve our stockholders' long-term interests. These factors, along with others considered useful by our Nominating/Corporate Governance Committee, are reviewed in the context of an assessment of the perceived needs of our Board at a particular point in time. As a result, the priorities and emphasis of our Nominating/Corporate Governance Committee and of our Board may change from time to time to take into account changes in our business and other trends, and the portfolio of skills and experience of current and prospective directors. Our Nominating/Corporate Governance Committee has not adopted a formal policy regarding the consideration of diversity in identifying director nominees or in searching for new directors.

graphic


Jeffrey Miller
Age 59
Current Positions

• President, Chief Executive Officer and Director
Jeffrey Miller has served as our President, Chief Executive Officer and a Director since March 2021, after holding the position of interim President and Chief Executive Officer since September 2020. Mr. Miller joined Synchronoss as Chief Commercial Officer in October 2018. Mr. Miller previously served as President of IDEAL Industries Technology Group from December 2017 to October 2018. Prior to IDEAL, Mr. Miller held several senior sales and operations positions at Motorola during a 16-year tenure, most recently as Corporate Vice President and General Manager of Operations in North America for Motorola Mobility, LLC. Mr. Miller received a degree in business from Miami University of Ohio and a master’s degree in Business Administration from The Ohio State University. Our Board believes Mr. Miller’s qualifications to sit on our Board include his broad experience in the software and services industry and his experience with our Company.

BUSINESS DEVELOPMENT COMMITTEE

graphic


Louis W. Ferraro Jr.
Age 66
Current Positions

• Executive Vice President, Chief Financial Officer
Louis W. Ferraro Jr. joined Synchronoss in 2018 and has served as Executive Vice President, Chief Financial Officer since November 2022. Prior to serving as Chief Financial Officer, Mr. Ferraro was Acting Chief Financial Officer from August 2022 to November 2022 and Executive Vice President Financial Operations and Chief Human Resources Officer from November 2021 to August 2022. Prior to joining Synchronoss Mr. Ferraro was a business consultant for Populus Group supporting Comcast Corporation. From 2014 through 2016, he was the Chief Operating Officer and Chief Financial Officer of BrandYourself.com, Inc. where he led the finance and operations team during a period of intense growth. From 2010 to 2014, Mr. Ferraro served as Chief Financial Officer of AWI/iMobile as well as Chief Executive Officer of the Magicpins.com business unit. From 2008 to 2019 he served as the Chief Financial Officer of Vitaltrax.com. From 2004 to 2008, Mr. Ferraro was a senior vice president for IDT where he founded TuYo Mobile, a wireless MVNO. From 1991 to 2004, he held various positions with AT&T Mobility and prior to that he held various finance and operations positions at Verizon Wireless. Mr. Ferraro graduated with a Bachelor of Science degree from Montclair State University and earned is CPA in New Jersey.
graphic


Christopher Hill
Age 52
Current Positions

• Executive Vice President, Chief Commercial Officer
Christopher Hill has been with Synchronoss since January 2018. He was promoted to Executive Vice President of Products in May 2020, Executive Vice President, Products and Sales in December 2020 and in October 2021 was named our Chief Commercial Officer. Prior to joining Synchronoss, Mr. Hill was President of Tsunami AR/VR from 2016 to 2018 and President of OpenPeak from 2014 to 2016. Prior to that position, Mr. Hill spent 17 years at AT&T in various positions, ultimately as a Senior Vice President of Advanced Solutions. Mr. Hill received a bachelor’s degree in Economics from the University of Virginia and completed the General Management Program at Harvard Business School.

Our Business Development Committee reviews certain strategic business development and growth opportunities and recommends those that it determines are in line with our short-term and long-term strategic goals. Our Business Development Committee charter can be found on the Investor Relations section of our website atwww.synchronoss.com. The members of our Business Development Committee are: William J. Cadogan, Thomas J. Hopkins and Stephen G. Waldis. All members of our Business Development Committee other than Mr. Waldis are independent (as independence is currently defined in Rule 5605(a)(2) of the Nasdaq listing standards). Our Business Development Committee met three times during 2015.


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graphic


Patrick J. Doran
Age 50
Current Positions

• Executive Vice President, Chief Technology Officer
Patrick J. Doran has served as our Executive Vice President, Chief Technology Officer since January 2007. Prior to that position, Mr. Doran served in various positions, including Vice President of Research & Development and Chief Architect since joining our Company in 2002. From 2000 to 2002, Mr. Doran was a Senior Development Engineer at Agility Communications, a member of the technical staff at AT&T/Lucent from 1996 to 2000 and a Software Engineer at General Dynamics from 1995 to 1996. Mr. Doran received a bachelor’s degree in computer and systems engineering from Rensselaer Polytechnic Institute and a master’s degree in Systems and Industrial Engineering from Purdue University.

DIRECTOR COMPENSATION

graphic


Christina B. Gabrys
Age 42
Current Positions

• Senior Vice President, Chief Legal Officer, Secretary
Christina B. Gabrys joined Synchronoss in 2016 as senior counsel. She was promoted to Assistant General Counsel in 2018 and Chief Compliance Officer in 2020. She was promoted to Senior Vice President, Chief Legal Officer and Secretary in July 2021. Prior to joining Synchronoss, Ms. Gabrys was counsel for Openwave Messaging from 2013 through 2016. From 2007 through 2013, Ms. Gabrys was an associate at a boutique litigation firm. She holds a Bachelor of Arts in Philosophy, History and Communications from Cornell College, a Juris Doctorate from the University of Illinois College of Law and a Master of Laws in International Commercial Law from the University of Nottingham.
graphic


Mina R. Lackner
Age 55
Current Positions

• Senior Vice President, Chief Human Resources Officer
Mina Lackner joined Synchronoss in 2016 as the Senior Director, Compensation Benefits and Payroll. In 2018 she was promoted to Vice President Compensation, Benefits and Payroll and was promoted to Senior Vice President Global HR in 2021. In November 2022, she assumed the role of Chief Human Resources Officer. Prior to joining Synchronoss, Ms. Lackner was with Vonage as Senior Director, Human Resources and Acting Head of Human Resources, and prior to that she was with Celight as Manager of Human Resources. Ms. Lackner received her diploma from DeVry University.
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Director Compensation
This section provides information regarding the cash & equity compensation policies forand the compensation provided to our non-employee directors and cash amounts paid and equity awarded to these directors in 2015. Any director2022.
Non-Employee Director Compensation Program
Each member of our Board who is not an employee of our Company does not receive any additionalis entitled to the following compensation for service as a director. For 2015,pursuant to our non-employee director compensation program:
Compensable Position / Event
Compensation
Initial Equity Grant
Non-qualified stock option to purchase 30,000 shares(1)
Annual Cash Retainer
$50,000
Annual Equity Grant
Restricted Stock awards with an aggregate grant date fair value of $200,000(2)
Committee Chairperson Retainer
$20,000 (Audit)
$15,000 (Compensation)
$10,000 (Nominating/Corporate Governance)
$10,000 (Business Development)
Committee Member Annual Cash Retainer
$10,000 (Audit)
$7,500 (Compensation)
$5,000 (Nominating/Corporate Governance)
$5,000 (Business Development)
(1)
Options vest one-third in three equal installments on the anniversary date of the grant date.
(2)
2022 grant of restricted stock awards to directors vest on the anniversary date of the grant date.
Our Compensation Committee annually reviews the amounts awarded under our non-employee director compensation program consisted of:

Compensable Position / Event
Compensation
​  Initial Equity Grant30,000 non-qualified stock options(1)
Annual Cash Retainer$50,000
​  Annual Equity Grant7,500 non-qualified stock options(1)
3,335 restricted shares(1)

Committee Chairperson Retainer$20,000 (Audit)
$15,000 (Compensation)
$10,000 (Nominating/Corporate Governance)
$10,000 (Business Development)
​  Committee Member Retainer$10,000 (Audit)
$7,500 (Compensation)
$5,000 (Nominating/Corporate Governance)
$5,000 (Business Development)




(1)
Optionsbased on their analysis of the competitive range of the equity granted to directors at our peer group companies and restricted shares vest one-third each year over three years.

other publicly available information. The actual number of restricted stock awards and shares andof underlying stock options would beis determined based on the pricegrant date fair value of our common stock on the date of grant, which would continue to be the first Tuesday of every year. The stock options have an exercise price equalequity awards. In 2022, due to the closing price reported on Nasdaqlimited availability of shares remaining for issuance under our Common Stock on2015 Equity Incentive Plan, the grant date.Board voluntarily agreed to reduce the value of the annual equity compensation under our non-employee director compensation program for 2022 to $160,000 at the time of the compensation committee’s approval of the award. The annual retainer fees are paid to our directors quarterly in advanceat the beginning of each quarter. In addition, we currently have a policy of reimbursing directors for travel, lodging and other reasonable expenses incurred in connection with their attendance at our Board and Committee meetings. With respect to any director who has at least ten years of service as a director with the Company, in the event the director leaves the Company (other than for cause) or dies, any unvested equity is accelerated provided, however, that any vested options shall be required to be exercised within ninety days of the director’s last day as a director of the Company.

Executive Chair Compensation
As Executive Chair, Stephen Waldis received a base salary of $300,000 in 2022. Mr. Waldis did not receive any cash incentive bonus in 2022. Mr. Waldis did receive an equity grant in 2022 as described below. In addition, Mr. Waldis received a 401(k) match.
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The following table sets forth all of the compensation awarded to, earned by, or paid to each person who served as a non-employee director during 2015.

             

 

 

Name


Fees Earned or
Paid in Cash
($)



Restricted
Stock Awards
($)(1)



Option
Awards
($)(2)



Total
($)


​  

 

William J. Cadogan

 85,000 128,498 110,792 324,290 

 

 

Charles E. Hoffman

 67,500 128,498 110,792 306,790  
​ ​ ​ ​ ​ ​ 

​  

 

Thomas J. Hopkins

 77,500 128,498 110,792 316,790 

 

 

James M. McCormick

 50,000 128,498 110,792 289,290  
​ ​ ​ ​ ​ ​ 

​  

 

Donnie M. Moore

 75,000 128,498 110,792 314,290 

(1)
The amounts in this column reflect the aggregate grant date fair value of the stock awards computed in accordance with FASB ASC Topic No. 718. See Footnote 2 to the financial statements2022. Mr. Miller, our current Chief Executive Officer and President, does not receive additional compensation for his service as a director. Mr. Miller is not included in our Annual Report on Form 10-K for the year ended December 31, 2015 for a discussion of our assumptions in estimating the fair value of our stock awards. As of December 31, 2015, each of Messrs. Cadogan, Hoffman, Hopkins, McCormick and Moore held 6,670 restricted shares of our Common Stock.
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(2)
The amounts in this column reflect the aggregate grant date fair value of the stock options computed in accordance with FASB ASC Topic No. 718. See Footnote 2 to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2015 for a discussion of our assumptions in estimating the fair value of our stock option awards. As of December 31, 2015, each of Messrs. Hoffman, Hopkins and McCormick held options to purchase 65,000 shares of our Common Stock having a weighted average exercise price of $23.22 per share, of which 50,000 shares were vested, Mr. Cadogan held options to purchase 100,000 shares of our Common Stock, having a weighted average exercise price of $18.34 per share, of which 85,000 shares were vested and Mr. Moore held options to purchase 80,000 shares of our Common Stock, having a weighted average exercise price of $25.21 per share, of which 65,000 shares were vested. The options granted in 2015 were granted at an exercise price of $38.53.

Since 2010, each member of our Board had received the same fixed number of restricted shares of our common stock and stock options annually. In 2015, our Compensation Committee, in consultation with Deloitte, its compensation consultant, approved a change to the equity portion of our directors' compensation. Specifically, beginning in 2016, our Compensation Committee will annually determine a fixed monetary value of equity (as opposed to the fixed number of shares approach utilized prior to 2016) to be granted to our non-employee directors based on their analysis of the competitive range of the equity granted to directors at our peer group companies and other publicly-available information.

Name*
Fees Earned or
Paid in Cash
($)
All Other
Compensation
Stock
Awards(1)(2)
($)
Total
($)
Stephen G. Waldis
$300,000
$4,500(3)
$186,667
$491,167
Mohan Gyani
$70,000
-0-
$124,444
$194,444
Laurie Harris
$75,757
-0-
$124,444
$200,201
Kristin S. Rinne
$82,238
-0-
$124,444
$206,682
Martin F. Bernstein
$72,500
-0-
$124,444
$196,944
William Cadogan
$16,250(4)
-0-
$0
$16,250

DIRECTOR STOCK OWNERSHIP GUIDELINES

(1)
The amounts in this column reflect the aggregate grant date fair value of the restricted stock awards computed in accordance with FASB ASC Topic No. 718. See Note 14 to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2022 for a discussion of our assumptions in estimating the fair value of our stock awards.
(2)
Due to the limited availability of shares remaining for issuance under our 2015 Equity Incentive Plan in 2022, the Board voluntarily agreed to reduce the value of the annual equity compensation under our non-employee director compensation program for 2022 to an aggregate amount of $160,000 of restricted stock awards.
(3)
Reflects amounts contributed as 401(k) Company match.
(4)
Mr. Cadogan resigned from the Board effective March 31, 2022.
Director Stock Ownership Guidelines

We have established stock ownership guidelines for our directors to retain an equity stake in the Company to more closely align their interests with those of our stockholders. Each director is required to own the number of shares of our Common Stock with a value equal to three times the annual cash retainer for service on our directors.Board. Currently, this would be $150,000. Ownership is calculated annually based on the closing sales price of our Common Stock on Nasdaq for the last trading day in the prior year. Any newly elected director has three years from the date of his or her election to achieve the targeted equity ownership level. As of December 31, 2015,2022, each of our directors metowned at least the number of shares of our Common Stock required by these guidelines.guidelines based on the price of our Common Stock on such date or were within their 3-year accumulation period.

Limitation of Liability and Indemnification

LIMITATION OF LIABILITY AND INDEMNIFICATION

As permitted by Section 145 of the Delaware General Corporation Law, our amended and restated bylaws provide that we are authorized to (i) enter into indemnification agreements with our directors and officers and (ii) purchase directors'directors’ and officers'officers’ liability insurance, which we currently maintain to cover our directors and executive officers. The form of indemnification agreement with our directors provides that we will indemnify each director against any and all expenses incurred by that director because of his or her status as one of our directors, to the fullest extent permitted by Delaware law, our restated certificate of incorporation and amended and restated bylaws. In addition, the form agreement provides that, to the fullest extent permitted by Delaware law, but subject to various exceptions, we will advance all expenses incurred by our directors in connection with aany legal proceeding. Our restated certificate of incorporation and bylaws contain provisions relating to the limitation of liability and indemnification of directors. The restated certificate of incorporation provides that our directors will not be personally liable to us or our stockholders for monetary damages for any breach of fiduciary duty as a director, except for liability:


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    for any breach of a director'sdirector’s duty in respect of unlawful (i) payments of dividends or (ii) stock repurchases or redemptions as provided in Section 174 of the Delaware General Corporation Law and the breach of a director'sdirector’s duty of loyalty to us or our stockholders;

for any transaction from which the director derives any improper personal benefit; and

for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of lawlaw.
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Our restated certificate of incorporation also provides that if Delaware law is amended after the approval by our stockholders of our restated certificate of incorporation to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of our directors will be eliminated or limited to the fullest extent permitted by Delaware law. The foregoing provisions of the restated certificate of incorporation are not intended to limit the liability of directors or officers for any violation of applicable federal securities laws. As permitted by Section 145 of the Delaware General Corporation Law, our restated certificate of incorporation provides that we may indemnify our directors to the fullest extent permitted by Delaware law and the restated certificate of incorporation provisions relating to indemnity may not be retroactively repealed or modified so asin order to adversely affect the protection of our directors.


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Compensation Risk Management Considerations

RISK MANAGEMENT CONSIDERATIONS

Each year, our Compensation Committee reviews our compensation practices and policies for all employees, including our NEOs, and assesses whether they have the potential to incentivize employees without taking risks that are reasonably likely to have a material adverse effect on our Company. Since our annual performance-based bonus and equity programs are designed to align our employees'employees’ compensation with both our short- and long-term business objectives and performance, and therefore enhance stockholder value, our Compensation Committee believes that our compensation practices and policies discourage behavior that leads to excessive risk.risk-taking. Therefore, our Compensation Committee does not believe thesebelieves our practices and policies will promote balanced risk management and are not likely to have a material adverse effect on our Company. Set forth below are the key risk-balancing elements of our compensation practices and policies:

Financial Performance Measures
Financial
Performance
Measures
The ranges set for financial performance measures are designed to reward success without encouraging excessive risk taking. Pursuant to our three-yearperformance-based equity plan, adopted in 2015, the number of performance-based restricted cash units or shares to be issued areis based on our financial performance over a three-yearspecific period. There are capped payouts under our cash incentive plan and the performance-based restricted cash units or shares, which help mitigate risk.
​ ​ ​ ​ 
​  
Equity Vesting Periods
Time-based and performance-based restricted shares typically vest over three years, whilestock awards and stock options typically vest over fourthree years. The performance-based restricted cash units or shares are earned upon determination of the achievement of our performance metrics established for the performance period and vest after the completion of the three year plan. The vesting of the equity awards is designed to reward tenurecontinued service with us.
us, increases in our stock price and achievement of corporate goals designed to enhance stockholder value.
Equity Retention Guidelines
Equity Retention GuidelinesNEOs
All executive officers are required to acquire within five years of becoming an executive officer, and hold while they are executive officers, shares (vested and unvested) having a value of at least three times, their base salary, or five times forin the case of our CEO.CEO, their respective base salaries.
​ ​ 
No Hedging
​ 
​  No Hedging
Our employees, including our NEOs and all other officers, directors and their designees, are not permitted to enter into any transaction designed to hedge or offset any decrease in the market value of our securities, or having the effect of hedging or offsetting the economic risk of owning our securities.
securities that have been granted to the officer or director as compensation or held directly or indirectly by the employee or director.
Recoupment and Related Policies
Financial Restatement and Related Policies
As part of our Workplace Code of Ethics and Business Conduct, Policy, we will investigate all reported instances of questionable or unethical behavior of a director, NEO or other employee and, where improper behavior or failure to act is found to have occurred, we will take appropriate action up to and including termination. If an investigation uncovers that suchan individual commitshas committed fraud or other improper acts whichthat causes our financialsfinancial statements to be restated or otherwise affected, we wouldour Board has discretion to take immediate and appropriate disciplinary action with respect to suchthat individual up to and including termination. We wouldOur Board also takehas discretion to pursue whatever legal remedies are available to prosecute suchthat individual to the fullest extent of the law and may seek to recoup or recover any amounts that he or she inappropriately received as a result of suchhis or her improper actions, including but not limited to any annual or long term incentives that he or she received to the extent the individual would not have received suchthat amount had such actthe improper action not bebeen taken.

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Compensation of Executive Officers

Compensation Discussion and Analysis

This section discusses our compensation philosophy, summarizes our compensation programs and reviews compensation decisions for our Named Executive Officers (our “NEOs”) for the following NEOs:

fiscal year ended December 31, 2022. The table below sets forth our NEOs for 2022:
Named Executive Officer
Named Executive Officer
Title

as of December 31, 2022
Jeffrey Miller
Stephen G. WaldisChairman of the Board of Directors and
Chief Executive Officer
and President
Louis Ferraro Jr.(1)
Executive Vice President, Chief Financial Officer
Christopher Hill
Executive Vice President, Chief Commercial Officer
Patrick Doran
Karen L. Rosenberger
Executive Vice President, Chief Technology Officer
Christina Gabrys
Senior Vice President, Chief Legal Officer, Secretary
Taylor Greenwald(2)
Former Executive Vice President, Chief Financial Officer
(1)
Mr. Ferraro served as Executive Vice President Financial Operations and Chief Human Resources Officer from November 1, 2021 until he was named Acting Chief Financial Officer on August 12, 2022. He was named Chief Financial Officer on November 2, 2022.
(2)
Mr. Greenwald took an unpaid leave of absence beginning August 12, 2022, and his employment as our Executive Vice President Chief Financial Officer was terminated on October 10, 2022 when his leave of absence was not extended by mutal agreement, and Treasurer
​ ​ ​ 
​  Robert E. GarciaPresident and Chief Operating Officer
Daniel RizerExecutive Vice President, Business Development & Product Management
​ ​ ​ 
​  David SchuetteExecutive Vice President, Enterprise Business Unit(1)
he is no longer employed by our Company.

(1) Mr. Schuette was hired as our Executive Vice President, Enterprise Business Unit, in August 2015.

Executive Summary

Our executive compensation philosophy and programs are designed to attract, retain and motivate high-quality executives who possess the diverse skills and talents required to help us achieve our short and long-term financial and strategic goals. We believe that theOur executive compensation programs are designed to foster a performance-oriented culture that aligns our executives'executives’ interests with those of our stockholders over the long term. WeTo provide for this alignment of interests, in 2022 our compensation programs provided that over 78% of our CEO’s and an average of approximately 62% of our NEOs’ targeted compensation were tied to long-term, equity-based incentives. By tying a majority of our NEOs’ targeted compensation to equity-based incentives, our Common Stock’s value needs to increase in order for our NEOs to realize any value related to our Company’s stock options or increase in value related to our restricted stock awards or cash units. Moreover, our Company needs to hit certain financial and strategic metrics in order for our NEOs to vest in the shares underlying our performance-based restricted stock awards or cash units. To further provide for performance-based equity awards, 100% of the total 2022 equity grants to each of our NEOs are either options to purchase our Common Stock, restricted stock awards of our Common Stock, or cash units subject to performance-based vesting. Accordingly, we believe that the compensation of our NEOs is both appropriate for, and responsive to, the goal of improvingmaximizing stockholder value. Specifically, in 2015,value, as the majority of each NEO'sNEO’s compensation is allocated to performance-based incentives.
2022 Executive Leadership Transition
On August 12, 2022, Taylor Greenwald entered into Amendment No. 1 to Employment Agreement effective August 9, 2022 (“Amendment to Employment Agreement”) under which he took an unpaid leave of absence from the Company, with such leave of absence expiring on October 10, 2022 unless Mr. Greenwald and the Board agreed in writing to extend the leave of absence prior to such expiration. Mr. Greenwald’s employment was at-risk or variable compensation.

The following provides an overviewterminated effective October 10, 2022, when his leave of absence was not extended by mutual agreement. See Form 8-K filed by the key financialCompany on August 9, 2022. Louis Ferraro Jr. was appointed Acting Chief Financial Officer on August 12, 2022 and strategic highlights for the year.

2015 Business Highlights

succeeded Mr. Greenwald as Chief Financial Officer effective November 2, 2022. Mr. Ferraro was succeeded by Mina Lackner as Chief Human Resources Officer.
Non-GAAP Revenue*
Fiscal 2015 Achievements
​  Non-GAAP Revenue*$580.1 million, compared to $458.6 million in 2014, an increase of 26%
Non-GAAP Gross Profit*$356.8 million, representing a gross margin of 62%, up from 61% in 2014
​ ​ ​ 
​  Non-GAAP EBITDA*$208.1 million, compared to $155.1 million in 2014, an increase of 34%
Cloud Revenue$310.1 million, compared to $211.7 million in 2014, an increase of 46%
​ ​ ​ 
​  Diluted Non-GAAP EPS*$2.23, compared to $1.79 in 2014, an increase of 25%
Strategic Business Milestones

Launched enterprise business to offer secure mobility solutions to enterprise clients; hired David Schuette, a seasoned enterprise executive, to lead this effort.

Entered into strategic partnerships with Verizon for multifactor authentication and identity management and with Goldman Sachs for secure enterprise mobility technology to enhance our enterprise offerings.

Acquired RazorSight Corporation and certain assets from F-Secure Corporation to expand our product portfolio and global presence.

Extended our agreement with AT&T through 2018.

Synchronoss Technologies 27

* These financial measures are non-GAAP measures and should not be reviewed in isolation or as substitutes for our financial results as reported in accordance with GAAP. Please see Appendix A for an explanation and reconciliation of these non-GAAP financial measures to the applicable GAAP financial measures.

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20152022 Compensation Program Highlights

We design our

Our executive compensation program is designed to attract, retain and motivate high-quality executives and drive the creation of long-term stockholder value by tying a significant portion of our executives’ compensation to performance goals. We have adoptedCompany and individual performance. Our compensation philosophy and programs are designed to achieve the following approach to achieve these objectives:

Pay for Performance
Pay for
Performance
Provide a strong relationship of pay to performance through:


Performance-based cash bonus tied primarily to achievement of corporate short-term financial goals and individual performance.

strategic goals.

Equity Long term incentive awards that deliver value based on the performance of our stock performanceCommon Stock and in the case of performance-based stock awards, the achievement of pre-determined, objective financial and business goals.

Emphasis on Variable Compensation
​ ​ ​ 
​  Emphasis on
Variable
Compensation


Total compensation is heavily weighted toward variableincentive compensation (i.e., annual bonuscash bonuses and long-term equity incentives).


We use the annual Annual performance-based cash bonuses to focus our NEOs on key short-term financial goals.

We use stock options, time-based and performance-based restricted shares to incentivizestrategic, goals.

• Long-term incentives focus our NEOs to focus on sustainable, long-term stockholder value creation. The value realized by our NEOs depends substantially on our long-term performance, achievement of our financial and strategic goals and the value of our Common Stock, which we believe aligns our NEOs'NEOs’ interests with the long-term interests of our stockholders.

Fixed Compensation Component
Fixed
Compensation
Component

Provide base salary based on our Compensation Committee'sCommittee’s general understanding of current competitive compensation practices corporate achievement,in the market and amongst a group of pre-defined peers, our NEO'sNEO’s role and responsibilities, length of tenure, internal pay equity, and individual and Company performance.

The following highlights some of the key components of our pay for performance policies and practices:

At-Risk Compensation
At-Risk Compensation
A majority of the compensation of theour CEO and our other NEOs is "at-risk" and“at-risk,” meaning it is tied to Company performance over the short- and/or long-term.
Incentive Award Metrics
Incentive Award MetricsEstablish and approve stretching objective
Objective incentive award metrics tied to key companyCompany performance indicators.indicators are established and approved at the beginning of the performance period.
​ ​ ​ ​ 
​  Three-Year Equity Plan
Performance Long-Term Incentives
Number
The number of performance-based restricted cash units or shares to be issuedearned is based on our financial performance over a three-yearspecified period, aligning our NEOs'NEOs’ interests with the long-term interests of our stockholders.
Time-Based Equity Vesting
Equity awards subject to time-based vesting vest ratably over three years to promote retention.
Stock Ownership Guidelines
Equity VestingVest equity awards over three or four years to promote retention.
​ ​ ​ ​ 
​  Stock Ownership Guidelines
Maintain stock ownership guidelines to support the alignment of interests between executivesour NEOs and stockholders.
No Hedging
No Hedging
Prohibition ofon hedging exposure of, or direct interest in, our stock.Common Stock.
No Pledging
Prohibition on pledging our Common Stock.
Recoupment and Related Policies
Investigation of all reported instances of questionable or unethical behavior of a director, NEO or other employee and, where improper behavior or failure to act is found to have occurred, we will take appropriate action up to and including termination. Our Board has discretion to pursue whatever legal remedies are available to prosecute that individual to the fullest extent of the law and may seek to recoup or recover any amounts that he or she inappropriately received as a result of his or her improper actions, including but not limited to any annual or long term incentives that he or she received to the extent the individual would not have received that amount had the improper action not been taken. We intend to adopt a general compensation recovery, or clawback, policy covering our annual and long-term incentive award plans and arrangements consistent with the requirements of the Exchange Act Rule 10D-1 after Nasdaq releases final listing standards in accordance with such rule.

Our Compensation Committee oversees the design and administration of the compensation of our compensation programs covering all our employees,NEOs and certain other executive officers, with an enhanced focus on the individual compensation of our NEOs. It also oversees the administration ofFor 2022, our cash and equity-based incentive plans. Mr. Waldis, in his role as CEO assessesassessed the performance of our NEOs (other than himself), consultsconsulted with other members of management, including our Executive Chairman and makesour compensation consultant, and made recommendations to our Compensation Committee regarding the amount and the form of the compensation of theour NEOs and other key employees, including the performance goals, weighting of goals, and equity compensation awards of our NEOs. Mr. Waldis isOur CEO was not present during discussions regarding his compensation.


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2022 Executive Compensation Program

2015 Executive Compensation Program

Cash Incentive Compensation

For our NEOs'NEOs’ Annual Cash Incentive Bonus,Bonuses in 2022, our Compensation Committee approved the following metrics:

    45%
40% based on annual revenue of our Company for 2015

45%2022;
40% based on EBITDAadjusted free cash flow for 20152022; and

10%
20% based on cloud subscriber growth.
Long-Term Incentive Compensation
Each year, our Compensation Committee may award time-based vesting restricted stock awards, stock options and/or performance-based restricted cash units or shares to our NEOs as the long-term incentive component of their compensation. The annual mix and number, if any, of stock options, performance-based restricted cash units or shares and time-based vesting restricted stock awards granted to our NEOs are based on our NEO's individual performance.

Long-term Incentive Compensation

Committee’s general understanding of pay practices for equivalent positions in our peer group, as well as published survey data for comparable roles at companies of a similar financial size in the same industry, our CEO’s recommendations (except for his own equity grants) and other factors it deemed appropriate. In 2015, we revised2022, our executive compensation program based, in part, on suggestions fromCompensation Committee granted time-based vesting stock options, performance-based restricted cash units and time-based vesting restricted stock awards to our stockholders during our meetings as part of our shareholder outreach program. In particular, ourNEOs.

2022-2024 Performance-Based Restricted Cash Units
Our 2022 long-term equity incentive plan willwas designed to reward financial and strategic performance during a three-year period from 20152022 through 20172024, and the restricted cash units granted under the long-term incentive plan (the "2015-20172022-2024 Performance Shares"Units), rather than for a single year. In connection with 2015 executive compensation decisions, are earned and vest, subject to the Company’s achievement of pre-determined performance criteria during that period. Our NEOs are required to remain employed by our Company through February 2025 to vest in the cash units. Our Compensation Committee approved the following performance metrics for the 2015-20172022-2024 Performance Shares:

    60% based on three-year average annual non-GAAP revenue growth of our Company from 2015 to 2017;

    30% based on three-year average annual non-GAAP EBITDA from 2015 to 2017; and

    10% based on three-year annual revenue growth in our Cloud business from 2015 to 2017.

Given the transition to the new executive long-term incentive compensation program, our Compensation Committee recognized that there would be a gap in the equity provided to our NEOs for a two-year transition period during which they would not be eligible to receive any performance-based restricted shares. To address this gap and to provide a retention incentive during the phase-in of the new program, our Compensation Committee approved a "one-time" grant of performance-based restricted shares. One portion would be based on our financial results in each of 2015 and 2016 (the "2015-2016 Performance Shares"Units:

Twenty-five percent (25%) and, to address investors' concerns with respect to customer concentration, one portion would beare earned based on the Company establishing a new linerevenue in the three-year period of business with a meaningful revenue run rate by the end of 2017 (the "New Business Performance Shares").

With respect2022 to the 2015-2016 Performance Shares, one third would be2024;

Twenty-five percent (25%) are earned based on 2015 financial metrics and two-thirds would be based on 2016 financial metrics. Each of these share tranches would vest immediately upon issuance after determination by our Compensation Committee for the respective year. The 2015-2016 Performance Shares would be based on the following financial metrics for each of 2015 and 2016:

    60% based on non-GAAP revenue growth of our Company;

    30% based on non-GAAP EBITDA; and

    10% based on revenueadjusted EBITDA in our Cloud business.

With respect to the New Business Shares, these shares will only be awarded to the extent we are able to establish a new line of business with a material annual revenue run rate during the three-year period ending 2017. See page 40 for more details.


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2022 to 2024; and

Fifty percent (50%) are earned based on the total shareholder return of the Company’s Common Stock on NASDAQ in 2022-2024 compared to those companies that are listed on the Russell 2000 index (“TSR”).
Shareholder Feedback
At our 20152022 Annual Meeting of Stockholders, approximately 99%97% of the shares voted were cast in favor of the advisory vote on executive compensation. We continuously strive to improve the level of stockholder support for our executive compensation program and in 2015 met with a majority of our largest stockholders for their feedback on our executive compensation policies.program. Our Compensation Committee plans to continuously evaluateevaluates our executive compensation program each year with the goal of ensuring it is in line with our stockholders'stockholders’ interests. We encourage stockholders to take into account the significantcontinuous changes to our executive compensation program over the last several years in considering the advisory vote presented below including among other things, designing aadding new updatedmetrics to and including non-financial metrics in our short-term compensation philosophy, transitioning to a three-year business plan for our long-term equity incentive plan, enhancing our executive stock ownership guidelines and our annual stockholder outreach program.

plan.

Compensation Consultant

Our Compensation Committee'sCommittee’s compensation consultant, Deloitte Consulting LLP (“Deloitte”), generally attends regular Compensation Committee meetings and meets with our Compensation Committee without management present. OurDeloitte has been our compensation consultant since 2013. When making decisions with respect to compensation matters and to gain a better understanding of the competitive landscape, our Compensation Committee considers various analyses prepared by its compensation consultant when making decisions with respect to compensation matters,Deloitte, along with information it receives from management and its own judgment and experience in an effort to gain a better understanding of the competitive landscape. Since July 2013, our compensation consultant has been Deloitte Consulting LLP.experience.
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Peer Group

Peer Group

Our Compensation Committee generally reviews executive compensation survey and proxy data from technology companies that have similar software/services business models or operate in the mobile networking space, are of similar financial size and are representative of the organizations with whomwhich we compete for our executive talent. Our Compensation Committee, based in part on advice from Deloitte, identified and approved the following companies that fit some or all of these criteria as our peer group for purposes of 2015assisting in benchmarking our 2022 executive compensation decisions:

8x8 Inc.
Jamf Holding Corp.
​ ​ 
Advent Software,
Q2 Holdings, Inc.
Digital River, Inc.Medidata Solutions, Inc.
Alarm.com Holdings, Inc.
Aruba
Limelight Networks, Inc.
Fleetmatics GroupMicrostrategy,
QAD, Inc.
​  Bottomline Technologies, Inc.Informatica Corporation Inc.NeuStar, Inc.
Benefitfocus, Inc.
Blackbaud,
LivePerson, Inc.
Interactive Intelligence,
SPS Commerce, Inc.
Progress Software Corp.
​  CommVault Systems, Inc.J2 Global Inc.The Ultimate Software Group
Compuware CorporationLogMein
Bottomline Technologies, Inc.
Medallia, Inc.
Sumo Logic, Inc.
Box, Inc.
MicroStrategy Incorporated
Tucows, Inc.
Commvault Systems, Inc.
Mimecast Limited
Upland Software
Cornerstone OnDemand, Inc.
Progress Software Corporation
Workiva, Inc.
Domo, Inc.
PROS Holding, Inc.

Our Compensation Committee reviewed the companies in our 2021 peer group was updated in 2015 to reflectearly 2022 in connection with its determination of the acquisition of Concur Technologies, Inc.companies in 2015. Smith Micro Software, Inc. and Broadsoft, Inc. were removed from our peer group due to their revenuefor 2022 executive compensation decisions and, market capitalization being significantly lower than our revenue and market capitalization in 2014. In addition, Nuance Communications, Inc. and Verifone Systems, Inc.consultation with Deloitte, determined that no changes were removed from our peer group due to their revenue and market capitalization being significantly higher than our revenue and market capitalization in 2014. Advent Software, Inc., Blackbaud, Inc., Compuware Corporation, Fleetmatics Group, Medidata Solutions, Inc. and The Ultimate Software Group were added to offset the removal of these five companies based on the similarities of their business offerings, financial profile, market capitalization and profitability with those of our Company. As a result of these changes, wenecessary. We believe the peer group utilized for purposes of 20152022 executive compensation decisions was representative of companies that we compete with for executive talent.

However, when When making compensation decisions for our NEOs, our Compensation Committee also reviews published survey and peer group compensation data for other software/services companies.


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As we continue to growcompanies or companies that operate in the same space as a company, competitiveour Company. Competitive market practices becomeare an increasingly important factor in our Compensation Committee'sCommittee’s decision-making process, although its decisions are not entirely based upon these factors and it does not target specific compensation levels as derived from peer group data.factors. Rather, our Compensation Committee reviews and considers the peer group and other survey data to obtain a general understanding of current competitive compensation practices. Utilization ofAdditionally, reviewing the peer group and survey compensation data to gain a general understanding of competitive pay practices allows usenables our Compensation Committee to accomplish our goal of paying our NEOs what is appropriate and necessary to achieveattract and retain qualified and committed executives while incentivizing achievement of our corporate goals whileand conserving cash and equity.

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Principal Elements of Compensation

Our executive compensation program has the following principal elements: base salary, annual cash incentive bonus, equitybonuses, long-term incentive awards, and severance and change in control protection.benefits. For base salary, annual cash bonuses and long-term incentive awards for our executive officers, our Company’s compensation philosophy generally is to evaluate individual experience and contribution, as well as corporate performance, and then consider competitive market analysis. The markets we are serving are narrow and highly competitive for large-scale implementations leveraging unique technologies. With respect to all compensation components, we generally use the median compensation of our peer group and the markets for which we compete for talent as the starting point for the compensation decision making process. We seek to drive our Company to over-perform the market in the long term, and we believe that to ensure an appropriate pay-for-performance alignment, it may be appropriate for our Compensation Committee to approve compensation levels for individual executives that may be above or below target pay for similar positions based on experience, individual contribution and corporate performance. Additionally, our Compensation Committee may exercise discretion to issue one-time equity awards where appropriate to ensure alignment with key strategic business initiatives. The following table sets forth thesedescribes the primary compensation elements used by our Company and the objectives of each element:

Base Salary
​  Base Salary
Objective:
​  

Our Compensation Committee sets base salaries with the intent to attract and retain executives,NEOs, reward satisfactory performance and provide a minimum, fixed level of cash compensation to compensate him or herNEOs for their day-to-day responsibilities.









Key Features:


​  

Base  NEO base salaries are initially determined as a result of negotiation between the executive and our management in consultation with, and subject to the approval of, our Compensation Committee.
​  

Our Compensation Committee reviews base salaries annually and has discretion to provide increases based on our Compensation Committee'sCommittee’s understanding of current competitive pay practices, promotions, our CEO'sCEO’s recommendation (except for his own salary), changes in responsibilities and performance, annual budget for increases, our overall financial and operational results, the general economy, length of tenure, and internal pay equity and other factors our Compensation Committee deems appropriate.









Process:


​  

At the end In February of each calendar year, theour CEO recommends base salaries for executivesNEOs other than himself for the following calendar year.
​  twelve months.

Our Compensation Committee reviews the proposed base salary changes with input from its compensation consultant.
​  

Our Compensation Committee determinesapproves annual base salaries for NEOs.our NEOs and reports the salaries to our full Board.
​  Our Compensation Committee reports determinations to the full Board.
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Annual Cash Incentive Bonus

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Objective:

Annual Cash
Objective:
Incentive BonusThe annual cash incentive bonus isbonuses are awarded under a performance-based compensation program and are designed to align the interests of our NEOs and stockholders by providing compensation based on the achievement of pre-determinedpre-established corporate and/or business goals and individual performance.









Key Features:




Each year, the target bonus for each NEO is set by our Compensation Committee based on each NEO’s employment agreement provisions, our CEO'sCEO’s recommendation (except for his own target)target bonus), internal pay equity, our Compensation Committee'sCommittee’s general understanding of current competitive pay practices and other factors it deems appropriate.


At least 90%  The incentive compensation for our NEOs is based on achievement of the target incentive is determinedcertain objective corporate, financial, strategic and individual goals established and approved by performance against certain financial objectives establishedour Compensation Committee at the start of the year.


If we achieve results that are below certain threshold levels, ourthese NEOs receive no cash incentive bonus, while results that are above certain threshold levels result in larger cash incentive bonuses.







bonuses above target levels.

Process:




Our Compensation Committee participates in our Board'sBoard’s review of our annual operating plan atin the beginning of the year.


Our CEO recommends bonus targets as a percentage of base salary for each NEO other than himself.


Our management recommends financial and other performance measures, weightings and ranges.


Our Compensation Committee reviews proposed bonus targets, performance measures and ranges provided by management and, with input from its compensation consultant, and determinesapproves bonus targets, performance measures and ranges that it believes establish appropriate stretchappropriately challenging goals.


After the end of the fiscalcalendar year, our management presents our Company’s financial results to our Board.


Our CEO recommends the individual component award for our NEOs other than himself.
Our Compensation Committee reviews the results and determines whether to make any adjustments determines other performance factor multipliersto the recommendations and establishesthen approves each NEO'sNEO’s bonus award.


Our Compensation Committee reports bonus award determinations to theour full Board.
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Long-Term
Incentive Awards
​  Equity Awards
Objectives:
​  

Our Compensation Committee structures equitylong-term incentive awards to help alignwith the goal of aligning our NEOs'NEOs’ interests with those of our stockholders, and to support retention and to motivate NEOs to achieve our financial, strategic and operational goals. EquityLong-term incentive awards include stock options and time-based restricted stock awards and performance-based restricted shares.







cash units, which may be settled in cash or shares at the election of the Compensation Committee.

Key Features:


​  

Our Compensation Committee grants stock options and time-based vesting restricted stock awards and performance-based restricted sharescash units to our NEOs with the grant date fair value based on our Compensation Committee'sCommittee’s general understanding of current competitive pay practices, our CEO'sCEO’s recommendation (except for his own awards), recommendationsinput from our compensation consultant, internal pay equity, evaluation of each NEO'sNEO’s performance, and other factors our Compensation Committee deems appropriate.

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​  Long-term  Our Compensation Committee allocates long-term incentive awards are allocated as follows,among stock options, time-based vesting restricted stock awards and performance-based restricted cash units based on grant date awardfair value (with vesting terms that generally extend up to fourthree years):
​       o   One-third stock options
​       o   One-third time-based restricted shares
​       o   One-third performance-based restricted shares
​  Our Compensation Committee believes this mix provides with the intent to provide NEOs with a balanced retention and performance opportunity and serves to closely align theirour NEOs’ long-term objectives with those of our stockholders.
​  

Beginning in 2015, each In 2022, our Compensation Committee again decided to grant performance-based restricted share awardcash units rather than shares and retained the discretion to settle the cash units in either cash or shares of our Common Stock upon vesting to protect against potential dilution. Each performance-based restricted cash unit has a target number of sharescash units to be issuedearned following completion of a three-yearspecific performance period based on the achievement of certain pre-established Company performance criteria.objectives. These performance-based restricted sharescash units will be issued followingearned upon the completion of the specific performance period if the relevant performance objectives are achieved and typically vest based on continued service after a three-year fiscal period.







At the time that each performance-based restricted cash unit vests, our Compensation Committee has discretion to either (i) pay cash equal to the product of the closing price of our Common Stock multiplied by the number of cash units that vested or (ii) issue one share of our Common Stock for each performance-based restricted cash unit.

Process:


​  

In the first fiscal quarter, our CEO recommends a grant date fair value of awards for executives other than himself.
​  

Our Compensation Committee reviews proposed awardsperformance measures and ranges provided by management and competitive market data from our peer group and, with input from its compensation consultant.
​  consultant, approves performance measures and ranges that it believes establish appropriately challenging goals.

Our Compensation Committee determinesapproves the number of time-based stock options, the number of time-based restricted stock awards and the target number of performance-based restricted shares based on the price ofcash units granted to our Common Stock.
​  NEOs.

Our Compensation Committee reports equity award determinations to theour full Board. At the end of the performance period, our Compensation Committee reviews the Company’s financial performance for the relevant performance period and determines the amount of earned cash units that are subject to performance-based vesting.
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Severance and Change in Control Benefits
Severance andObjectives:
Change in
Control
Benefits
Objective:

Severance and change in control benefits are included in each NEO'sNEO’s employment agreement or employment plan in order to promote stability and continuity of our senior management team in the event of a potential change in control and/or anyan involuntary termination. Our Compensation Committee believes these provisions help to appropriately align our NEO'sNEO’s interests appropriately with those of our stockholders in suchthese scenarios.









Key Features:




Events triggering payment require a termination of our NEO'san NEO’s employment by our Company "without cause"without cause or by the executivean NEO for good reason. ExecutivesNEOs are entitled to enhanced benefits if the foregoingqualifying termination occurs during a specified period followingbefore or after a change in control (i.e., double-trigger).


Change in Control benefits do not include exciseany tax gross-ups.


Our Compensation Committee has determined these termination-related benefits are appropriate to preserve productivity and encourage retention in the face of potentially disruptive circumstances.
These arrangements also include restrictive covenants that help protect our Company from competition and solicitation of employees and customers.

Each NEO will only be eligible to receive severance payments if he or she signs a general release of claims against our Company following an eligible termination.
Each NEO's outstanding options and restricted shares will vest and become exercisable in full if his or her employment is involuntarily terminated within twelve (12) months following a change in control.

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Chief Executive Officer Compensation

As our Chairman and CEO,of December 31, 2022, Mr. Waldis' responsibilities are much greater than those of ourMiller’s annual base salary was $500,000. Mr. Miller received equity grants in 2022 consistent with the other NEOs, as he is informeddiscussed in this Compensation Discussion and involved in a detailed manner with each department's progress toward our shared Company goals. As such, his total base salary and his total compensation opportunity are greater than our other NEOs. In addition, his equity holding requirements under our Executive Stock Ownership Guidelines are five times his base salary as opposed to three times for our other NEOs. As of April 6, 2016, Mr. Waldis exceeded the minimum holding requirements under these stock ownership guidelines. In our industry, the CEO must be deeply aware of a company's strengths and obstacles, and have sharp strategic vision for our future while maintaining our ability to adapt to changing circumstances and prospects quickly and thoughtfully. The successful progress of our research and development programs and success of our customer engagements bring value to our financial performance and our stockholders, and we believe Mr. Waldis' direction in the decisions and actions that drive this progress and merit the compensation that he receives.

Analysis section.

Pay Mix

In keeping with our results-driven culture, our Compensation Committee expects our NEOs to deliver superior performance in a sustained fashion and believes that a substantial portion of their overall compensation should be at-risk and tied to our short-termshort- and long-term performance. As shown below, 73%approximately 82% of Mr. Miller, our CEO'sCEO’s targeted compensation and 58%an average of approximately 68% of the average targeted compensation of our other NEOs isfor 2022 was at risk and tied to performance and long-term equity-based incentives.*

incentives1.

graphic
1

GRAPHIC

GRAPHICFor the purposes of this calculation, we did not include Mr. Greenwald as he was no longer employed by the Company as of December 31, 2022.

* Excluding Mr. Schuette who joined our Company in August 2015 and all special equity grants.


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Target and Realized Pay

As discussed above, our Compensation Committee believes that a program weighted towards variable, performance-based compensation supports the alignment of our NEOs' interests with those of our stockholders. Furthermore, because the equity awards are also subject to time-based vesting, the compensation an NEO realizes in connection with equity awards is spread over a number of years, which our Compensation Committee believes assists in motivating our NEOs to drive business growth over the long-term. The amounts shown in the Summary Compensation Table reflect the grant-date value of equity awards received by a NEO (in accordance with FASB ASC Topic No. 718), but do not reflect the compensation actually realized by our NEOs, which varies based on achievement of goals and actual performance of our stock.

The chart below shows the difference between aggregate Target Annual Compensation and Realized Annual Compensation for our CEO for 2013, 2014 and 2015. As illustrated, actual realized pay for 2013 and 2015 is below the grant date value of compensation disclosed in the Summary Compensation table in accordance with FASB ASC Topic No. 718.

GRAPHIC

(1)
"Target Compensation" represents the sum of (i) base salary, (ii) on-target annual cash bonus, and (iii) the grant-date value of (x) stock options, (y) time-vested restricted shares, and (z) performance-based restricted shares (assuming 100% of the target number are earned), using the stock price on the date of grant.

(2)
"Realized Compensation" represents the sum of (i) base salary, (ii) actual annual cash bonus paid, and (iii) the (x) intrinsic value as of December 31, 2015 of stock option grants granted in 2015, (y) value as of December 31, 2015 of time-vested restricted shares granted in 2015 and (z) actual number of performance-based restricted shares issued in 2015, valued as of December 31, 2015.

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20152022 Compensation Decisions

In determining the criteria for our NEOs'NEOs’ incentive compensation, and evaluating whether our NEOs have met both their corporate and individual objectives, our Compensation Committee considers a variety of factors, including alignment of our NEOs'NEOs’ compensation with our shareholders' returns.stockholders’ returns, and from time to time may adjust these factors or performance metrics based on our Company’s transactions or the occurrence of unknown or unexpected events during the applicable measurement period. On the corporate level, our Compensation Committee selected non-GAAP revenue, adjusted free cash flow and non-GAAP EBITDA, twocloud subscriber growth as metrics that our Compensation Committee believes appropriately valuesvalue our Company on both a short- and long-term basis and are targeted to emphasize strong growth on both the top- and bottom-line. Based on feedback received as part ofgross revenue while also managing our shareholder outreach program,earnings per share. We believe these are also two of the key metrics a majority of our shareholdersstockholders use in their valuationevaluation of our Company. As such, alla result, our NEOs are focused on growing non-GAAP revenue and EBITDA,cloud subscribers, managing free cash flow, and total shareholder return, which we believe is aligned with our stockholderstockholders’ perspective on our Company'sCompany’s ability to grow and succeed on the short- and long-term.

Although we achieved record financial performance in 2015 and exceeded the aggressive targets set by our Compensation Committee, our stock price declined in 2015. From time to time, our stock has declined due to investors' concerns around our customer concentration and the ability of our telecommunication customer's cloud strategy to succeed and compete with those of other companies like Google and Apple and, based on investor feedback, we believe this was a key reason for our stock price decline in 2015. We continue to look for ways to expand into new markets and expand our customer base and in 2015, we addressed both of these areas by acquiring RazorSight Corporation and certain assets from F-Secure Corporation, launching our Enterprise business and entering into strategic partnerships with both Goldman Sachs and Verizon to increase our product portfolio and expand our customer base. We are hopeful that these investments will lead to greater shareholder value.

Base Salary

Base salaries for our NEOs are reviewed and may be adjusted annually. Base salarysalaries may also be adjusted during the year upon promotion or based on internal equity or external market conditions. Our Compensation Committee makes these decisions after reviewing the recommendation of our CEO (except as it concerns his own salary) and our Senior Vice President of Human Resources, and consulting with our compensation consultant when needed. Based on this review, in early 2015, our Compensation Committee provided cost of living salary increases of 3% to Messrs. Waldis and Garcia. As Ms. Rosenberger's base salary was below the competitive range of similarly situated chief financial officers, she received an increase in her base salary of 10%. consultant.
In addition, as2022, Mr. Rizer's role expanded as part of a reorganization within our Company and based on our Compensation Committee's review of the base salaries of similarly situated employees at our peer group companies and other publicly-available information, heFerraro received an increase in his base salary of approximately 32%.

In August 2015, Mr. Schuette entered into an employment agreementfrom $325,000 to serve as our Executive Vice President, Enterprise Business Unit pursuant to which we agreed to pay Mr. Schuette a base salary of $440,000 annually, subject to adjustment pursuant to our compensation policies in effect from time to time. Mr. Schuette's compensation$375,000 during the period when he was negotiated by our management subject to the approval of our Compensation Committee. Our Compensation Committee determined that thisActing Chief Financial Officer and continuing when he was an acceptable base salary for Mr. Schuette based, among other things, on the advice of our compensation consultant, the base salary of our other executive officers, his expected senior role with us and its general understanding of competitive pay practices.


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appointed Chief Financial Officer. The table below sets forth each of our NEOs' 2015NEOs’ 2022 base salary compared to their respective 2014 base salary:

as of December 31, 2022.
Name
Base Salary
As of December 31, 2022
Jeffrey Miller
$500,000
Louis Ferraro Jr.
$375,000
Christopher Hill
$385,000
Patrick Doran
$385,000
Christina Gabrys
$290,000
Taylor Greenwald
N/A(1)
(1)
On August 12, 2022, Mr. Greenwald took an unpaid leave of absence from his position as our Chief Financial Officer, and his employment terminated effective October 10, 2022 when his leave of absence was not extended by mutual agreement. His base salary in effect at the time his employment terminated was $390,000

Name


 2014
Base Salary


 2015
Base Salary

Stephen G. Waldis

  $573,947  $591,165

Karen L. Rosenberger

  $300,000  $330,000

Robert E. Garcia

  $424,360  $437,091

Daniel Rizer

  $318,270  $420,000

David Schuette

  N/A  $440,000

20152022 Annual Cash Incentive Bonus Compensation

Our Annual Cash Incentive Bonus Compensation Program promotes our pay-for-performance philosophy by providing all executives and other management-level corporate employees with direct financial incentives in the form of annual cash awards for achieving Company, business and individual performance goals.

Target Percentage

Our Compensation Committee sets each NEO'sNEO’s individual target cash incentive amount (expressed as a percentage of base salary) based on its general understanding of competitive pay practices, our CEO'sCEO’s recommendation (except with respect to his own)own target), its consultation with our compensation consultant, and other factors it deems appropriate. Based on its review of these factors, in February 2015,March 2022, our Compensation Committee kept the target cashbonus percentage of each of our NEOs at the same percentagelevel as in 2014, except for2021, with the exception of Mr. Rizer, whose target cash percentageFerraro who was increased to 80% based on his expanded role. Since promoted during the course of the year.
Mr. SchuetteGreenwald did not join ourreceive a 2022 bonus as he left his position with the Company until August 2015, our Compensation Committee did not believe it appropriateprior to include any corporate objective as partthe end of his2022.
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The target cash incentive and maximum bonus and instead set certain individual objectivespercentages for him to meet to achieve this target bonus. Commencing in 2016, his target bonus will be equal to 80% of his base salary. Our Compensation Committee determined that this was an appropriate target bonus for Mr. Schuette based, among other things, on the target bonus incentive percentageeach of our other executive officers, his expected senior role at our Company and its general understanding of competitive pay practices.

Each of our NEO's 2015 target incentive bonus percentagesNEOs for 2022 were as follows:

Name
Target Incentive
Bonus Percentage
Maximum
Bonus Percentage
Jeffrey Miller
100% of base salary
175% of base salary
Louis Ferraro(1)
70% of base salary
122.5% of base salary
Christopher Hill
100% of base salary
175% of base salary
Patrick Doran
70% of base salary
122.5% of base salary
Christina Gabrys
50% of base salary
87.5% of base salary
(1)
In 2022, Mr. Ferraro’s cash bonus was pro-rated based on the changes to his position with the Company and changes to his base salary during 2022. For the period January 1, 2022 through August 12, 2022, his target incentive bonus percentage was 50% of base salary and upon his appointment to Acting Chief Financial Officer on August 12, 2022 his target incentive bonus was increased to 70% of his base salary.

2022 Objectives

Name


 Target Incentive
Bonus Percentage


 Maximum
Bonus Percentage

Stephen G. Waldis

  110% of base salary  192.5% of base salary

Karen L. Rosenberger

  60% of base salary  105% of base salary

Robert Garcia

  80% of base salary  140% of base salary

Daniel Rizer

  80% of base salary  140% of base salary

David Schuette

  $250,000  $250,000

Each ofFor 2022, the NEOs (other than Mr. Schuette) could have earned a maximum cash incentive bonus in the event that corporate objectives setbonuses actually received by our Compensation Committee were exceeded.


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Weighting of Components

Eacheach of our NEOs (other than Mr. Schuette) has both (i) awere determined based on certain corporate component and (ii) a discretionary individual performance component in determining his or her annual cash incentive bonus compensation as set forth below. Mr. Schuette's annual cash incentive bonus compensation was determined entirely by the achievement of specified objectives to be accomplished by him, namely: drafting a comprehensive initial business plan for our Enterprise business; hiring a strong management team for our Enterprise business, and leading an expansion of our Enterprise business through our strategic partnerships with Goldman Sachs and Verizon.

objectives.

Name


 Corporate
Component
Target Rate*



 Individual
Component
Target Rate*

Stephen G. Waldis

  100%  10%

Karen L. Rosenberger

  50%  10%

Robert E. Garcia

  70%  10%

Daniel Rizer

  70%  10%
​ ​ ​ ​ 
*
Percentage of Base Salary

2015 Corporate Component

Our Compensation Committee established targeted (i) non-GAAP revenue, (ii) adjusted free cash flow and (ii) non-GAAP EBITDA(iii) cloud subscriber growth as the corporate components of our 20152022 annual cash incentive bonus program, with each of the components weighted at 50% of the overall corporate component.as set forth below. We utilize thesethe non-GAAP financial measuresmeasure of adjusted free cash flow internally in analyzing our financial results and evaluating our ongoing operational performance because they excludeit excludes certain non-cash adjustments and non-recurring charges required under GAAP. We use cloud subscriber growth internally in analyzing the Company’s performance because it is a key method of measuring the long term growth potential and effectiveness of the strategy of the Company. These metrics were also selected because they are twosome of the key performance metrics shareholdersstockholders use in evaluating our Company. Our 2015 internal annual operating plan was developed by management and presented by Mr. Waldis, as Chairman and CEO, and Ms. Rosenberger, as CFO, to our Board for its review and approval. The target performance levels are intended to align with our annual internal operating plan to motivate performance goals in a manner we believe will increase our stockholder value.

Although the expectations shared in our public guidance stated strong growth in both non-GAAP revenue and EBITDA, our Compensation Committee established the 2015 corporate component objectives as targets that pushed our NEOs to an even higher threshold than market expectations. In calculating non-GAAP revenue and EBITDAadjusted free cash flow, we start with net cash provided by (used in) operating activities, less purchases of fixed assets, less additions to capitalized software. We then add back the fair value stock-based compensation expense, deferred revenue, acquisition-related costs,cash paid related to restructuring charges changesand certain litigation expenses. Cloud subscriber growth is measured as the net cloud subscribers on December 31 over the net cloud subscribers in the contingent consideration obligation, deferred compensation expense related to earn-outs and amortization of intangibles associated with acquisitions.

previous year.

Each of the components was assigned a "threshold"“threshold” level, which setsis the minimum achievement necessary tolevel that must be satisfied to receive a portion of the applicable bonus amounts, and a "maximum"“maximum” level, wherebywhich, if achieved or exceeded, the NEO's would receiveresult in our NEOs receiving up to 175% of the target portionamount attributed to suchthat component.


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The corporate componentcomponents of the 20152022 cash incentive compensation plan isare set forth below:

Corporate Component
Weighting
Threshold
50% payout
100% payout
Maximum
175% payout
Revenue
40%
$261,000,000
$272,000,000
$285,000,000
Adjusted Free Cash Flow
40%
$500,000
$3,000,000
$6,000,000
Cloud Subscriber Growth (Year over Year)
20%
1,600,000
2,600,000
3,600,000

2022 Corporate Component
             

 

 

Corporate Component


Weighting
Threshold
25% payout


Target
100% payout


Maximum
175% payout


 

 

Non-GAAP Revenue*

 50% $522,775,000 $565,000,000 $595,160,000  

 

 

Non-GAAP EBITDA*

 50% $170,853,000 $198,000,000 $213,465,000  

In 2015,2022, our non-GAAP revenue was $580,091,000, representing 26% growth from 2014. Our 2015 non-GAAP$252,600,000, which was below the minimum revenue was approximately halfway between the target, and therefore, our NEOs did not receive any payout for this metric. Our adjusted free cash flow for 2022 was $7,500,000, which was at the maximum thresholds, 138%175% payout of the target. Our 2015 EBITDA was $208,096,000, representing 34% growth from 2014. Our 2015 non-GAAP EBITDA was approximately two-thirds of the maximum threshold, representing 149%. As a result,adjusted free cash flow and therefore, our NEOs (other thanreceived 70% payout for this metric. Our cloud subscriber growth was 1,200,000, which was below the minimum cloud subscriber growth target and therefore, our NEOs did not receive any payout for this metric.

36Synchronoss Technologies

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As Mr. Schuette) receivedGreenwald was not employed by our Company on December 31, 2022, he did not receive any cash incentive bonus for 2022. The above calculations resulted in the following payout amounts forunder the corporate component of their respective2022 cash incentive compensation.

bonus plan for each of our NEOs:
Executive
Target Bonus
Percentage of
Target Awarded
Actual
Bonus Awarded
Jeffrey Miller
$500,000
70%
$350,000
Louis Ferraro(1)
$204,167
70%
$142,917
Patrick Doran
$269,500
70%
$188,650
Christopher Hill
$385,000
70%
$269,500
Christina Gabrys
$145,000
70%
$101,250
(1)
In 2022, Mr. Ferraro’s cash incentive bonus was pro-rated based on the change in his position and the corresponding change in his base salary.

2022 Long-Term Incentive Compensation Plan
              

 

 

Corporate Component



Weighting

Achievement

Plan Payout

 

 

Non-GAAP Revenue*

  50% $580,091,000  138%  

 

 Non-GAAP EBITDA*  50% $208,096,000  149%  

* These financial measures are non-GAAP measures and should not be reviewed in isolation or as substitutes for our financial results as reported in accordance with GAAP. Please seeAppendix A for an explanation of and reconciliation of these non-GAAP financial measures to the applicable GAAP financial measures.

2015 Individual Component

In 2015, Messrs. Waldis, Garcia and Rizer and Ms. Rosenberger's individual component of his or her annual cash incentive compensation was based upon our Compensation Committee's subjective assessment of his or her individual performance.

Based on their assessment and Mr. Waldis' recommendations (other than with respect to his own incentive compensation), ourOur Compensation Committee awarded the following as the individual component of their annual cash incentive compensation:

Mr. Waldis received 100% due to his integral role in leading our Company during the year through our strong growth and our entrance into the enterprise market.

Ms. Rosenberger received 90% due to her efforts in helping us achieve our continued strong financial performance.

Mr. Garcia received 90% due to his strong performance in integrating our acquisitions and ensuring our operations continued to perform well.

Mr. Rizer received 100% due to his strong performance in leading our acquisitions of RazorSight Corporation and certain assets of F-Secure Corporation and the good progress our Company made on product management.

Mr. Schuette received 100% by meeting each of his individual objectives: drafting a comprehensive initial business plan for our Enterprise business, hiring a strong management team, and leading our expansion of our Enterprise business through our strategic partnerships with Goldman Sachs and Verizon.

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As such, our NEOs were awarded the following amounts under the 2015 cash incentive bonus plan:

                          

 

 

Executive






Target
Bonus for
Corporate
Component








Percentage of
Corporate
Component
Target Awarded








Actual
Corporate
Component
Awarded








Target
Bonus for
Individual
Component








Individual
Component
Percentage of
Base Salary








Actual
Individual
Component
Awarded






Total Bonus
Awarded


​  

 

Stephen G. Waldis

 $591,165 129%$762,099 $59,117 100.0%$59,117 $821,216 

 

 

Karen L. Rosenberger

 $165,000  129%$212,709 $33,000  90.0%$29,700 $242,409  

​  

 

Robert E. Garcia

 $305,964 129%$394,432 $43,709 90.0%$39,338 $433,770 

 

 

Daniel Rizer

 $294,000  129%$379,010 $42,000  100.0%$42,000 $421,010  

​  

 

David Schuette

    $250,000 100.0%$250,000 $250,000 

2015 Long-Term Equity Incentive Compensation Plan

Our Compensation Committee awardstime-based vesting stock options, time-based restricted shares, stock optionsawards, and performance-based restricted sharescash units to our NEOs as the long-term equity incentive component of their compensation, targeting an annual mix with the intent to provide NEOs with a balanced retention and performance opportunity and serve to closely align our NEOs’ long-term objectives with those of one-third for each of these equity awards (based on grant date fair value).our stockholders. The number of shares underlying time-based vesting stock options and the target number of performance-based restricted shares and time-based restricted shares to becash units granted to our NEOs is based on our Compensation Committee'sCommittee’s general understanding of competitive pay practices, our CEO'sCEO’s recommendation (except with respect to his own)own awards), consultation with our compensation consultant, and other factors it deemed appropriate.

Time-based Restricted Stock and Stock Options

In February 2015,that our Compensation Committee awarded time-based restricted stock, determineddeems appropriate.

Time-Based Stock Options, Time-Based Restricted Stock Awards, and Performance-Based Restricted Cash Units
Subject to the targets forvote of the Company’s stockholders at the Annual Stockholders’ Meeting on June 16, 2022 to add additional shares to the 2015 performance-based restricted share awards andEquity Incentive Plan, in April 2022, in consultation with our compensation consultant, our Compensation Committee granted time-based vesting options to purchase shares of our Common Stock (25% of such NEO’s equity award), time-based restricted stock awards of our Common Stock (25% of such NEO’s equity award), and performance-based restricted cash units (50% of such NEO’s equity award) to each of our NEOs whom our Company employed on such date.NEOs. The restricted sharestime-based vesting stock options vest one-third on each of the first, second and third anniversary of their grant datedate. The time-based vesting restricted stock awards vest one-third on each of the first, second and the stock options vest one-fourth on the firstthird anniversary of their grant date. The performance-based restricted cash units vest upon the Compensation Committee approving the level of performance against pre-established metrics for such grants, and such approval is expected to occur on or about February 28, 2025. Each component is subject to the NEO remaining employed through the date and monthly thereafter over the next thirty-six months.of such approval in 2025. The time-based vesting helps tie our NEOsNEOs’ variable realizable compensation to our performance and further align their interests with those of our stockholders. See Description“Description of Awards Granted in 2015,2022” below. In connection with his promotion to Acting CFO, Mr. Ferraro also received 50,000 restricted stock awards, 50,000 stock options and 100,000 performance-based cash units. Mr. Greenwald was not granted time-based vesting restricted stock awards or time based vesting stock options in 2022 because he received a grant of 206,711 stock options and 360,000 restricted stock awards (but no performance-based restricted cash units) as part of his hiring package in November 2021. He was granted 326,797 performance-based cash units in April 2022 but will not be entitled to payout for any portion of the performance-based cash units because he left his employment with the Company prior to the payout date.
Synchronoss Technologies 37

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The following table sets forth the number of performance-based restricted cash units awarded, the number of time-based stock options to purchase shares of our Common Stock, and the number of time-based restricted stock awarded and numberawards of shares subject to the optionsour Common Stock granted were:

 

 

Name


Number of Time-Based
Shares of Restricted Stock


Number of Shares
Subject to Options


 

 

 

Stephen G. Waldis

 25,901 70,546 

 

 

Karen L. Rosenberger

   6,137 16,716  

​  

 

Robert Garcia

 16,978 46,242 

 

 

Daniel Rizer

   3,836 10,447  

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Performance-based Restricted Shares

As part of the changes to our executive compensation program,NEOs in 2022.

Name
Number of
Shares
Subject to
Options
Number
of Shares
Subject to
Restricted
Shares
Number of
Performance-
Based Restricted
Cash Units
Jeffrey Miller
418,301
418,301
836,601
Taylor Greenwald*
0
0
326,797
Louis Ferraro
115,359
115,359
230,719
Christopher Hill
163,399
163,399
326,797
Patrick Doran
163,399
163,399
326,797
Christina Gabrys
65,359
65,359
130,719
*
As Mr. Greenwald’s position with the Company was terminated in 2022, he will not vest in any of the awards set forth above.
Performance-Based Restricted Cash Units
2020-2022 Performance-Based Restricted Cash Units
In February 2020, our Compensation Committee awardedgranted 2020-2022 performance-based restricted cash units to our NEOs a target number(other than Mr. Greenwald, Mr. Hill, Mr. Ferraro and Ms. Gabrys, who were not executive officers on such date) employed as of the grant date. The following table sets forth the 2020-2022 performance-based restricted shares ("2015-2017cash units (the “2020-2022 Performance Shares"Units), awarded to our NEOs:
Name
2020–2022 Target
Performance Units
2020 Target
Performance Units
2021 Target
Performance Units
2022 Target
Performance Units
Jeffrey Miller
110,497
36,832
36,832
36,833
Patrick Doran
138,121
46,041
46,040
46,040
The 2020-2022 Performance Units provide the actual number of performance shares issued will depend on our Company's financial performance overopportunity to earn the three-year period commencing on January 1, 2015identified performance-based restricted cash units based on the following criteria: 60% based on non-GAAP revenue, 30% based on non-GAAP EBITDAperformance of our business during 2020, 2021 and 10% based on Cloud Revenue. The specific target values for2022. Our NEOs are required to remain employed by our Company through February 2023 in order to vest in the 2015-2017 Performance Shares are set using aggressive three-year growth targets tiedcash units. Our Compensation Committee will determine whether to key corporate financial metrics. The metrics for 2015 aresettle the same as described below for the 2015-2016 Performance Shares, but the metrics for the later years are not publicly disclosedvested performance-based restricted cash units in cash or shares of our Common Stock at the time of grant due tothey vest.
The following were the proprietary nature and competitive sensitivity of the information. However, the method used to calculate the awards will be based on actual performance compared to our Company's targets for the 2015-2017 Performance Shares, as shown below, which use straight-line interpolation between points. Shares earned (if any) will be issued in January 2018,plan established by our Compensation Committee: 33.3% based on revenue, 33.3% based on adjusted EBITDA and will vest upon issuance. Our NEOs were awarded the following opportunity with respect to the 2015-2017 Performance Shares:

              

 

 

Name



Threshold


Target


Maximum

 

 

Stephen G. Waldis

 12,951 25,901 51,802 

 

 

Karen L. Rosenberger

  3,069  6,137  12,274  

​  

 

Robert E. Garcia

 8,489 16,978 33,956 

 

 

Daniel Rizer

  1,918  3,836  7,672  

With the transition to the new executive long-term incentive compensation program,33.3% based on a strategic objective established by our Compensation Committee. For 2022, our Compensation Committee recognized that there would be a gap indesignated TSR as the equity provided to our NEOs for a two-year transition period during which they would not be eligible to receive any performance-based restricted shares. To address this gap and to provide a retention incentive during the phase-in of the new program, our Compensation Committee approved a "one-time" transition grant of performance-based restricted shares. One portion would be based on our financial results in each of 2015 and 2016 (the "2015-2016 Performance Shares") and, to address investors' concerns with respect to our customer concentration, one portion would be based on the ability for our Company to establish a new line of business with a meaningful revenue run rate by the end of 2017 (the "New Business Performance Shares").

Our NEOs were awarded the following opportunity with respect to the 2015-2016 Performance Shares:

strategic metric.
              

 

 

Name



Threshold

Target

Maximum

 

 

Stephen G. Waldis

 12,951 25,901 51,802 

 

 

Karen L. Rosenberger

  3,069  6,137  12,274  

​  

 

Robert E. Garcia

 8,489 16,978 33,956 

 

 

Daniel Rizer

  1,918  3,836  7,672  

Two-thirds of the 2015-2016 Performance Shares will be earned based on our 2016 non-GAAP revenue, non-GAAP EBITDA and Cloud Revenue and will be issued on or about February 2017. One-third of the 2015-2016 Performance Shares was earned based on performance against our non-GAAP revenue, non-GAAP EBITDA and Cloud Revenue for 2015 based on the targets for these metrics approved by our Compensation Committee and presented below.


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For 2015, the non-GAAP revenue and EBITDA targets are the same targets applicable to the 2015 annual cash incentive compensation plan discussed under "2015 Annual Cash Incentive Bonus Compensation." The weighting of the various components for both 2015 and 2016 was set at 60% for non-GAAP revenue, 30% for non-GAAP EBITDA and 10% for Cloud Revenue. Each of the components was separately assigned a "threshold"“threshold” level, which setsestablished the minimum achievement necessary to be satisfied to receive aany portion of the applicable bonus amounts, and a "maximum"“maximum” level, wherebywhich, if achieved or exceeded, our NEOs would receiveresult in 200% of the target portion attributedcash units being earned with respect to such component.component as described below.

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As previously disclosed in the Compensation Discussion and Analysis section of our proxy statements for our 2021 and 2022 annual meeting of stockholders, our NEOs earned 43.33% of the target number of the 2020-2022 Performance Units allocable to 2020 based on the Company’s 2020 financial performance and 66.7% of the target number of the 2020-2022 Performance Units allocable to 2021 based on the Company’s 2021 financial performance. The 2015 long-term equityactual number of 2020-2022 Performance Units earned based on each of our 2020 and 2021 performance is set forth below, which performance units vested in February 2023:
Name
2020–2022 Target
Performance
Units
2020 Target
Performance
Units
Attainment %
Units
Earned
2021 Target
Performance
Units
Attainment %
Units Earned
Jeffrey Miller
110,497
36,832
43.33%
15,961
36,832
66.7%
24,556
Patrick Doran
138,121
46,041
43.33%
19,951
46,040
66.7%
30,695
2022 Performance Period — One-third of the 2020-2022 Performance Units
In February 2022, our Compensation Committee approved the following threshold, target and maximum performance goals for the 2022 portion of the 2020-2022 Performance Shares, which threshold, target and maximum performance goals were subsequently adjusted to account for the sale of the Company’s digital assets in May 2022:
Corporate Component
Weighting
Threshold
50% payout
Target
100% payout
Maximum
200% payout
Revenue
3313%
$261,000,000
$272,000,000
$285,000,000
Adjusted EBITDA
3313%
$36,500,000
$46,500,000
$56,500,000
TSR
3313%
35th
50th
75th
In 2022, using the same adjustments and calculations as described above under our 2022 cash incentive compensation plan, is set forth below:

             

 

 

Corporate Component


Threshold
25% payout


Target
100% payout


Maximum
200% payout


Weighting
 

 

 

Non-GAAP Revenue*

 

$522,775,000

 

$565,000,000

 

$595,160,000

 

60%

 

 

 

Non-GAAP EBITDA*

 $170,853,000 $198,000,000 $213,465,000 30%  

​  

 

Cloud Revenue

 $259,057,000 $280,000,000 $295,000,000 10% 

In 2015, our non-GAAPNEOs did not receive any portion with respect to the revenue metric and received 116% with respect to the EBITDA metric. With respect to the TSR, based on the same analysis, our TSR was $580,091,000, representing 26% growth from 2014. Our 2015 non-GAAP revenue was approximately halfway betweenin the target and maximum thresholds, 138% of17th percentile, resulting in no payment for this metric. As a result, each NEO received the target. Our 2015 EBITDA was $208,096,000, representing 34% growth from 2014. Our 2015 non-GAAP EBITDA was approximately two-thirds of the maximum threshold, representing 149%. Our 2015 Cloud Revenue was $310,116,000 representing 46% growth from 2014, and more than the maximum threshold. following payout with respect to our Company’s 2022 performance:

Corporate Component
Achievement
Plan Payout
Weighting
Payout
Revenue
$252,600,000
0%
3313%
0%
Adjusted EBITDA
$48,100,000
116%
3313%
38.7%
TSR
9th
0%
3313%
0%
As a result, our NEOs (other than Mr. Schuette) received 162%earned 38.7% of the target number of performance-based restricted shares, all of such shares vested upon issuance:

           

 

 

Corporate Component


Achievement
Plan Payout
Weighting

​  

 

Non-GAAP Revenue*

 $580,091,000 150% 60% 

 

 

Non-GAAP EBITDA*

 $208,096,000 174% 30%  

​  

 

Cloud Revenue

 $310,116,000 200% 10% 
*
Thesethe 2020-2022 Performance Units allocable to 2022 based on our Company’s 2022 financial measures are non-GAAP measures and should not be reviewed in isolation or as substitutes for our financial results as reported in accordance with GAAP. Please seeAppendix A for an explanation of and reconciliation of these non-GAAP financial measures to the applicable GAAP financial measures.

performance. The actual number of 2015-20162020-2022 Performance Shares awardedUnits earned based on our 20152022 performance is set forth below:

below, which performance units vested in February 2023:
Name
2022 Target
Performance Units
Attainment %
Units Earned
Jeffrey Miller
36,833
38.7%
14,242
Patrick Doran
46,041
38.7%
17,802
                 

 

 

Name



Threshold


Target


Maximum



Performance
Shares Awarded


 

 

Stephen G. Waldis

 4,317 8,634 17,268 13,813 

 

 

Karen L. Rosenberger

  1,023  2,045  4,090  3,272  

​  

 

Robert E. Garcia

 2,829 5,658 11,316 9,052 

 

 

Daniel Rizer

  640  1,280  2,560  2,048  
Synchronoss Technologies 39

With respect to the New Business Shares, these shares will only be awarded to the extent we are able to establish a new line of business with a material annual revenue run rate by the end of 2017. The specific target annual revenue run rate for the New Business Performance Shares is set at an aggressive annual revenue run rate and aligned with shareholder interests, but is not publicly disclosed at the



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time of grant due to the proprietary nature and competitive sensitivity of the information. At the time of grant, our Company did not have a new line of business and achieving a meaningful revenue run rate by the end of 2017 is a significantly challenging goal, achievement of which is uncertain. Our NEOs were awarded the following New Business Performance Shares:

2021-2023 Performance-Based Restricted Cash Units
              

 

 

Name



Threshold

Target

Maximum

 

 

Stephen G. Waldis

 6,476 12,951 12,951 

 

 

Karen L. Rosenberger

  1,535  3,069  3,069  

​  

 

Robert E. Garcia

 4,245 8,489 8,489 

 

 

Daniel Rizer

  959  1,918  1,918  

Other Grants

Upon joining Synchronoss, Mr. Schuette was initially granted one-time (i) options to purchase 13,751 shares, vesting one-fourth after one year from the date of grant and 1/48th each month of continuous service with our Company thereafter and (ii) 5,039 restricted shares, vesting one-fourth after one year from the date of grant and 1/16th each three-month period of continuous service with our Company thereafter. In reviewing Mr. Schuette's compensation later in 2015,February 2021, our Compensation Committee determined his initial equitygranted 2021-2023 performance-based restricted cash units to our NEOs (other than Mr. Greenwald, who was not an employee on such date) employed as of the grant was made priordate.

The following table sets forth the 2021-2023 performance-based restricted cash units (the “2021-2023 Performance Units”) awarded to determiningour NEOs:
Name
2021–2023 Target
Performance Units
2021 Target
Performance Units
2022 Target
Performance Units
2023 Target
Performance Units
Jeffrey Miller
303,797
101,266
101,266
101,265
Louis Ferraro
59,459
19,820
19,820
19,819
Christopher Hill
136,937
45,646
45,646
45,645
Patrick Doran
135,135
45,045
45,045
45,045
Christina Gabrys
14,254
4,752
4,751
4,751
The 2021-2023 Performance Units provide the strategic roleopportunity to earn the identified performance-based restricted cash units based on the performance of our Enterprise business. In recognition of the importance of his work in driving our Enterprise business forward, which we view as a key component of our future growth, our Compensation Committee awarded Mr. Schuette an additional 50,000 restricted shares, vesting one-fourth after one year from the date of grantduring 2021, 2022 and 1/16th each three-month period of continuous service with2023. Our NEOs are required to remain employed by our Company thereafter.through February 2024 in order to vest in the cash units. Our Compensation Committee basedwill determine whether to settle the amount of Mr. Schuette's equity grant on, among other things, the size of the equity grants of our other executive officers, his expected senior role at our Companyvested performance-based restricted cash units in driving our Enterprise business, his expertise in the Enterprise industry, and its general understanding of competitive pay practices.

On May 11, 2015, our Equity Committee awarded Mr. Rizer one-time 20,000 restrictedcash or shares of our Common Stock vesting one-fourth after one year fromat the datetime they vest.

The following were the performance targets for the plan established by our Compensation Committee: 3313% based on revenue, 3313% based on adjusted EBITDA and 3313% based on a strategic objective established by our Compensation Committee. For 2021, our Compensation Committee designated TSR as the strategic metric.
Each of the components was separately assigned a “threshold” level, which established the minimum achievement necessary to be satisfied to receive any portion of the applicable bonus amounts, and a “maximum” level, which, if achieved or exceeded, would result in 200% of the target cash units being earned with respect to such component as described below.
2021 Performance Period — One-third of the 2021-2023 Performance Units
In February 2021, our Compensation Committee approved the following threshold, target and maximum performance goals for the 2021 portion of the 2021-2023 Performance Shares:
Corporate Component
Weighting
Threshold
50% payout
Target
100% payout
Maximum
200% payout
Revenue
33 13%
$275,000,000
$295,000,000
$315,000,000
Adjusted EBITDA
33 13%
$35,000,000
$50,000,000
$65,000,000
TSR
33 13%
35th
50th
75th
As previously disclosed in the Compensation Discussion and Analysis section of our proxy statement for our 2022 annual meeting of stockholders, our NEOs earned 54.17% of the target number of the 2021-2023 Performance Units allocable to 2021 based on the Company’s 2021 financial performance, which performance units shall vest on or about February 2024 provided the NEO remains employed by our Company through such date:
Name
2021–2023 Target
Performance Units
2021 Target
Performance Units
Attainment %
Units Earned
Jeffrey Miller
303,797
101,266
54.17%
54,852
Louis Ferraro
59,459
19,820
54.17%
10,737
Christopher Hill
136,937
45,645
54.17%
24,726
Patrick Doran
135,135
45,045
54.17%
24,400
Christina Gabrys
14,254
4,752
54.17%
2,574
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2022 Performance Period — One-third of the 2021-2023 Performance Units
In February 2022, our Compensation Committee approved the following threshold, target and maximum performance goals for the 2022 portion of the 2021-2023 Performance Shares, which threshold, target and maximum performance goals were subsequently adjusted to account for the sale of the Company’s digital assets in May 2022:
Corporate Component
Weighting
Threshold
50% payout
Target
100% payout
Maximum
200% payout
Revenue
3313%
$261,000,000
$272,000,000
$285,000,000
Adjusted EBITDA
3313%
$36,500,000
$46,500,000
$56,500,000
TSR
3313%
35th
50th
75th
In 2022, using the same adjustments and calculations as described above under our 2022 cash incentive compensation plan, our NEOs did not receive any portion with respect to the revenue metric and received 116% with respect to the EBITDA metric. With respect to the TSR, based on the same analysis, our TSR was in the 9th percentile, resulting in no payment for this metric. As a result, each NEO received the following payout with respect to our Company’s 2022 performance:
Corporate Component
Achievement
Plan Payout
Weighting
Payout
Revenue
$252,600,000
0%
3313%
0%
Adjusted EBITDA
$48,100,000
116%
3313%
38.7%
TSR
9th
0%
3313%
0%
As a result, our NEOs earned 38.7% of the target number of the 2021-2023 Performance Units allocable to 2022 based on our Company’s 2022 financial performance. The actual number of 2021-2023 Performance Units earned based on our 2022 performance is set forth below, which performance units shall vest on or about February 2024 provided the NEO remains employed by our Company through such date:
Name
2022 Target
Performance Units
Attainment %
Units Earned
Jeffrey Miller
101,266
38.7%
39,156
Louis Ferraro
19,820
38.7%
7,664
Christopher Hill
45,645
38.7%
17,649
Patrick Doran
45,045
38.7%
17,417
Christina Gabrys
4,751
38.7%
1,838
2022-2024 Performance-Based Restricted Cash Units
In February 2022, our Compensation Committee granted 2022-2024 performance-based restricted cash units to our NEOs employed as of the grant and 1/16th each three-month period of continuous servicedate. Mr. Greenwald left his position with our Company thereafter. Mr. Rizer received theseprior to December 31, 2022 and therefore will not be entitled to vest in any 2022-2024 performance-based restricted shares duecash units.
The following table sets forth the 2022-2024 performance-based restricted cash units (the “2022-2024 Performance Units”) awarded to his expanded role and increased responsibilities as part of a reorganizationour NEOs:
Name
2022–2024 Target
Performance Units
2022 Target
Performance Units
2023 Target
Performance Units
2024 Target
Performance Units
Jeffrey Miller
836,601
278,867
278,867
278,867
Louis Ferraro
230,719
76,907
76,906
76,906
Christopher Hill
326,797
108,933
108,932
108,932
Patrick Doran
326,797
108,933
108,932
108,932
Christina Gabrys
130,719
43,573
43,573
43,573
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The 2022-2024 Performance Units provide the opportunity to earn the identified performance-based restricted cash units based on the performance of our Company.

Employment Agreements, business during 2022, 2023 and 2024. Our NEOs are required to remain employed by our Company through February 2025 in order to vest in the cash units. Our Compensation Committee will determine whether to settle the vested performance-based restricted cash units in cash or shares of our Common Stock at the time they vest.

The following were the performance targets for the plan established by our Compensation Committee: 25% based on revenue, 25% based on adjusted EBITDA and 50% based on a strategic objective established by our Compensation Committee. For 2022, our Compensation Committee designated TSR as the strategic metric.
Each of the components was separately assigned a “threshold” level, which established the minimum achievement necessary to be satisfied to receive any portion of the applicable bonus amounts, and a “maximum” level, which, if achieved or exceeded, would result in 200% of the target cash units being earned with respect to such component as described below, which threshold, target and maximum performance goals were subsequently adjusted to account for the sale of the Company’s digital assets in May 2022.
Corporate Component
Weighting
Threshold
50% payout
Target
100% payout
Maximum
200% payout
Revenue
25%
$261,000,000
$272,000,000
$285,000,000
Adjusted EBITDA
25%
$36,500,000
$46,500,000
$56,500,000
TSR
50%
35th
50th
75th
2022 Performance Period — One-third of the 2022-2024 Performance Units
In 2022, using the same adjustments and calculations as described above under our 2022 cash incentive compensation plan, our NEOs did not receive any portion with respect to the revenue metric and received 116% with respect to the EBITDA metric. With respect to the TSR, based on the same analysis, our TSR was in the 9th percentile, resulting in no payment for this metric. As a result, each NEO received the following payout with respect to our Company’s 2022 performance:
Corporate Component
Achievement
Plan Payout
Weighting
Payout
Revenue
$252,600,000
0%
25%
0%
Adjusted EBITDA
$48,100,000
116%
25%
29%
TSR
9th
0%
50%
0%
As a result, our NEOs earned 29% of the target number of the 2022-2024 Performance Units allocable to 2022 based on our Company’s 2022 financial performance. The actual number of 2022-2024 Performance Units earned based on our 2022 performance is set forth below, which performance units shall vest on or about February 2025 provided the NEO remains employed by our Company through such date:
Name
2022 Target
Performance Units
Attainment %
Units Earned
Jeffrey Miller
278,867
29%
80,871
Louis Ferraro
76,907
29%
22,303
Christopher Hill
108,933
29%
31,590
Patrick Doran
108,933
29%
31,590
Christina Gabrys
43,573
29%
12,636
Other Benefits and Perquisites

Effective January 1, 2015, we entered into three-year employment agreements with each of our NEOs, other than Mr. Schuette, that expire on December 31, 2017. Upon joining our Company, Mr. Schuette entered into an employment agreement which expires on December 31, 2017. Each employment agreement includes a severance arrangement that provides enhanced benefits in the case of involuntary termination following a change in control which is designed to promote stability and continuity of our senior management. For a description of the terms of the employment agreements, please see "Employment Agreements" on page 51.

Our NEOs are eligible to participate in all of our employee benefit plans (other than our employee stock purchase plan), such as medical, dental, vision, group life and disability insurance and our 401(k) plan, in each case, on the same basis as our other employees. We lease an automobile (and pay applicable insurance and gas) for Mr. Waldis and Ms. Rosenberger and provide a car allowance to Mr. Garcia, each to be used primarily for business purposes. There were no other special benefits or perquisites provided to any NEO in 2015.

2022.

42Synchronoss Technologies

Table of ContentsTABLE OF CONTENTS

Financial RestatementRecoupment and Related Policies

We maintainhave a comprehensive Workplace Code of Ethics and Business Conduct Policy. As part ofand ensure that our employees comply with this policy. In accordance with this policy, we investigate all reported instances of questionable or unethical behavior, and where improper behavior is found to have occurred, we take appropriate remedial action up to and including termination. InIf the event thatresults of an investigation uncoversestablish that one of our employees, officers or directors commitshas committed fraud or engaged in some other improper act which causesthat has the result of causing our financialsfinancial statements for any period to be restated or that otherwise adversely affects such financials, we wouldthose financial statements, our Board has discretion to take immediate and appropriate disciplinary action against the individual, including but not limited to termination. In addition, we would takeour Board has discretion to pursue whatever legal remedies are available to prosecute the individual to the fullest extent of the law and recoverto claw back or recoup any amounts he or she inappropriately received as a result of the fraudulentimproper action or inaction, including but not limited to any annual or long-term incentives that he or she received but would not have received had such act not be taken.

We intend to adopt a general compensation recovery, or clawback, policy covering our annual and long-term incentive award plans and arrangements consistent with the requirements of the Exchange Act Rule 10D-1 after Nasdaq releases final listing standards in accordance with such rule.

Executive Officer Stock Ownership Guidelines

We have instituted stock ownership guidelines for our executive officers with the purpose of ensuring they maintain a meaningful equity stake in our Company to further align our executive officers'their interests with those of our stockholders. Each executive officer who is also subject to Section 16 of the Securities Exchange Act or who directly reports to our CEO (including(which includes all of our NEOs) is required to own, as of the later of January 1, 20192022 or five years from the date suchon which the individual beginsfirst began reporting to our CEO or becomesfirst became a Section 16 officer, a number of vested shares of our Common Stock having a value at least equal to (a) in the case of our CEO, five times thehis then current base salary; (b) for any direct report of our CEO, three times that individual’s then current base salary, for our CEO; (b) three times the base salary for our President and Chief Operating Officer, Chief Financial Officer, and President of any division (i.e., International) and (c) for other executive officers subject to this policy, one and one-half times the individual’s then current base salary for other executive officers. In the eventsalary.
If an executive officer is not compliant at the end of such five yearhis or her phase-in period, our Compensation Committee may reduce future equity grants to such executive officerthat individual until he or she isbecomes compliant. Based on share holdings on April 6, 2016, eachshareholdings and the price of our NEOs exceeded theCommon Stock on December 31, 2022, Mr. Doran has fallen below his applicable minimum holding requirementsrequirement and Messrs. Ferraro, Hill and Miller and Ms. Gabrys are still within the five-year period from becoming executive officers and, therefore, have not had an opportunity to acquire the necessary amount of our Common Stock as of December 31, 2022.
Tax Matters
For federal income taxes, compensation is an expense that is fully tax deductible for almost all of our U.S. employees. As a result of changes made by the 2017 Tax Cuts and Jobs Act, compensation in excess of $1 million paid to anyone who serves as the Chief Executive Officer, Chief Financial Officer or who is among the three most highly compensated executive officers for any year beginning after December 31, 2016 generally is not deductible. The only exception is for compensation that is paid pursuant to a binding contract in effect on November 2, 2017, that date.

Tax Matters

would have otherwise been deductible under the prior Section 162(m) rules, of which the Company has none. Our Compensation Committee considers tax and accounting implications in determining all elements of our compensation plans, programs and arrangements.

Management Changes
Taylor Greenwald entered into the Amendment to Employment Agreement, which amended his employment agreement entered into effective November 1, 2021. Under the terms of the Internal Revenue CodeAmendment to Employment Agreement, Mr. Greenwald took an unpaid leave of 1986,absence for the period August 12, 2022 through October 10, 2022 (“Leave of Absence Term”). The Amendment to Employment Agreement provided that if Mr. Greenwald did not return to his position as amended (the "Code"), places a $1,000,000 limit on the amountChief Financial Officer of compensation that we may deduct in any one yearthe Company prior to the end of the Leave of Absence Term, (i) his employment terminated effective immediately, (ii) all restricted stock awards and stock options would cease vesting with respect to our CEOany unvested portion, and our three other most highly paid NEOs (other than our CFO). To maintain flexibility in compensating NEOs in a manner designed(iii) the Company would not be obligated to promote varying corporate goals, our pay any termination or severance benefits. Mr. Greenwald’s employment was terminated effective October 10, 2022 when his leave of absence was not extended by mutual agreement, and as such, his employment at the Company terminated as an operation of the Amendment to Employment Agreement.
Synchronoss Technologies 43

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Compensation Committee may, in its judgment, authorize compensation payments that are not deductible when it believes that such payments are appropriate, including attracting and retaining highly-qualified executive officers.


Table of Contents

Report(1)

Compensation Committee Report(1)

The Compensation Committee has reviewed and discussed the foregoing Compensation Discussion and Analysis with management and, based on such review and discussions, the Compensation Committee has recommended to our Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement submitted by the following members of the Compensation Committee:

William J. Cadogan, Chairman
Charles E. Hoffman
Thomas J. Hopkins


(1)
The material in this report is not "soliciting material," is not deemed "filed"
Mohan S. Gyani, Chair
Kristin S. Rinne
Martin F. Bernstein
(1)
The material in this report is not “soliciting material,” is not deemed “filed” with the SEC and is not to be incorporated by reference in any filing of Synchronoss Technologies, Inc. under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
44Synchronoss Technologies Inc. under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.


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Summary Compensation Table

The following table sets forth all of the compensation awarded to, earned by, or paid to our "principal executive officer," "principal financial officer" and our three other highest paid executive officers (our "NEOs") for 2015:

Name and Principal Position
 Year Salary
($)
 Bonus
($)(2)
 Stock
Awards
($)(3)
 Option
Awards
($)(8)
 Non-Equity
Incentive Plan
Compensation
(9)
 All Other
Compensation
($)
 Total
($)
 

Stephen G. Waldis

  2015  591,165  59,117  4,269,514(4) 1,128,651  762,099  23,613(10) 6,834,159 

Chairman of the

  2014  573,947  57,395  2,879,044  1,429,622  903,966  33,051  5,877,025 

Board and CEO

  2013  557,230  40,692  3,211,040  1,246,512  139,308  37,061  5,231,843 

Karen L. Rosenberger

  2015  330,000  29,700  1,011,634(5) 267,436  212,709  19,704(11) 1,871,183 

EVP, Chief Financial

  2014  286,002  22,500  969,045  223,224  236,250  14,905  1,751,926 

Officer and Treasurer

  2013  236,900  4,027  169,693  65,262  36,246  7,650  519,778 

Robert Garcia

  2015  437,091  39,338  2,798,597(6) 739,817  394,432  17,150(12) 4,426,425 

President & Chief

  2014  424,360  38,192  2,395,400  889,514  467,857  17,000  4,242,323 

Operating Officer

  2013  412,000  28,900  1,680,753  652,624  72,100  7,650  2,854,028 

Daniel Rizer

  2015  385,786  42,000  1,553,078(7) 167,139  379,010  7,950(13) 2,534,963 

EVP, Business

  2014  318,270  28,644  664,450  245,322  250,638  7,800  1,515,124 

Development and

  2013  309,000  6,000  409,008  158,261  54,000  7,650  943,920 

Product Management

                         

David Schuette(1)

  2015  183,333  250,000  2,004,025  195,979      2,633,337 

EVP, Enterprise

                         

(1)
Mr. Schuette's employment with us commenced on August 1, 2015.

(2)
The amounts set forth in this column represent the subjective individual component portion of our annual cash incentive bonus awards paid to the NEOs. See "Compensation Discussion and Analysis" above for further discussion of the subjective individual component.

(3)
The amounts in this column reflect the grant date fair value, computed in accordance with FASB ASC Topic No. 718, of the actual number of performance share awards granted to our NEOs and the time-based restricted stock awarded to our NEOs. See "Compensation Discussion and Analysis" above for further discussion of these stock awards. See Footnote 2 to the Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2015 for a discussion of our assumptions in estimating the fair value of our stock awards. Our executive officers will not realize the estimated value of these awards until these awards are sold.

(4)
Although the actual number of performance-based shares was used in the Summary Compensation Table, the grant date fair market value of the performance-based restricted share award assuming the highest level of performance conditions was achieved was $5,330,060.

(5)
Although the actual number of performance-based shares was used in the Summary Compensation Table, the grant date fair market value of the performance-based restricted share award assuming the highest level of performance conditions was achieved was $1,262,925.

(6)
Although the actual number of performance-based shares was used in the Summary Compensation Table, the grant date fair market value of the performance-based restricted share award assuming the highest level of performance conditions was achieved was $3,493,818.

(7)
Although the actual number of performance-based shares was used in the Summary Compensation Table, the grant date fair market value of the performance-based restricted share award assuming the highest level of performance conditions was achieved was $799,576.

(8)
The amounts in this column reflect the grant date fair value, computed in accordance with FASB ASC Topic No. 718, of option awards granted to our NEOs. See Footnote 2 to the Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2015 for a discussion of our assumptions in estimating the fair value of our stock option awards. Our NEOs will not realize the estimated value of these awards until these awards are exercised or sold.

(9)
The amounts under this column include amounts paid based on the objective corporate component of the Company's annual incentive bonus compensation plan described under "Compensation Discussion and Analysis."

(10)
Reflects amounts paid to Mr. Waldis for leasing an automobile, including insurance premiums, and 401(k) matching contribution.

(11)
Reflects amounts paid to Ms. Rosenberger for leasing an automobile, including insurance premiums, and 401(k) matching contribution.

(12)
Reflects amounts paid for a car allowance (including insurance), and 401(k) matching contribution.

(13)
Reflects amounts paid to Mr. Rizer for 401(k) matching contribution.
years indicated:
Name and
Principal Position
Year
Salary
($)
Bonus
($)(1)
Stock
Awards
($)(2)
Option
Awards
($)(8)
Non-Equity
Incentive Plan
Compensation
($)(9)
All Other
Compensation
($)
Total
($)
Jeffrey Miller
President and Chief Executive Officer
2022
500,000
 
1,413,856(3)
485,229
350,000
7,000(10)
2,756,085
2021
500,000
 
3,293,156
603,768
244,000
7,000
4,647,924
2020
403,110
 
600,000
113,857
291,647
7,000
1,415,614
Louis Ferraro
Chief Financial Officer
2022
345,833
 
439,582(4)
146,527
142,917
7,000(10)
1,081,860
2021
321,250
 
262,215
87,480
74,466
7,000
752,411
Christopher Hill
Chief Commercial Officer
2022
385,000
 
583,333(5)
194,445
269,500
7,000(10)
1,439,278
2021
358,750
 
534,893
106,776
174,358
7,000
1,181,777
2020
321,083
15,000
148,426
273,813
7,000
765,322
Patrick Doran
Chief Technology Officer
2022
379,890
 
583,333(6)
194,445
188,650
7,000(10)
1,353,318
2021
362,771
 
932,433
121,892
124,533
7,000
1,548,629
2020
323,903
 
750,000
142,322
175,131
7,000
1,398,356
Christina Gabrys
Chief Legal Officer
2022
281,250
 
233,333(7)
77,777
101,250
7,000(10)
700,610
Taylor Greenwald(11)
Former Chief Financial Officer
2022
254,583
 
254,583
2021
65,000
 
900,000
300,183
45,500
1,270,683
(1)
The amounts set forth in this column represent the subjective individual component portion of our annual cash incentive bonus awards paid to the NEOs in 2022. See “Compensation Discussion and Analysis” above for further discussion of the subjective individual component.
(2)
The amounts in this column reflect the grant date fair value, computed in accordance with FASB ASC Topic No. 718, of the performance share awards (with the grant date fair value determined using the probable outcome of the performance conditions) and the time-based restricted stock awards granted to our NEOs. See “Compensation Discussion and Analysis” above for further discussion of these share awards. See Note 2 to the Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2022 for a discussion of our assumptions in estimating the fair value of our share awards. Our executive officers will not realize any value for these awards until sold.
(3)
Mr. Miller was granted performance-based restricted cash units as 2022-2024 Performance Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The grant date value of the performance-based restricted cash units assuming the highest level of performance conditions is achieved was $1,991,110.
(4)
Mr. Ferraro was granted performance-based restricted cash units as 2022-2024 Performance Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The grant date value of the performance-based restricted cash units assuming the highest level of performance conditions is achieved was $311,111. Mr. Ferraro was granted additional performance based restricted cash units in connection with his taking the role of Acting Chief Financial Officer (the “Acting Grant”) as described in greater detail in the “Compensation Discussion and Analysis” above. The grant date value of the Acting Grant assuming the highest level of performance conditions achieved was $165,000. Mr. Ferraro was granted additional performance based restricted cash units in connection with remaining in the role of Acting Chief Financial Officer for greater than 90 days (the “90 Day Grant”) as described in greater detail in the “Compensation Discussion and Analysis” above. The grant date value of the 90 Day Grant assuming the highest level of performance conditions achieved was $110,000.
(5)
Mr. Hill was granted performance-based restricted cash units as 2022-2024 Performance Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The grant date value of the performance-based restricted cash units assuming the highest level of performance conditions is achieved was $777,777.
(6)
Mr. Doran was granted performance-based restricted cash units as 2022-2024 Performance Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The grant date value of the performance-based restricted cash units assuming the highest level of performance conditions is achieved was $777,777.
(7)
Ms. Gabrys was granted performance-based restricted cash units as 2022-2024 Performance Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The grant date value of the performance-based restricted cash units assuming the highest level of performance conditions is achieved was $311,111.

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Table of Contents

(8)
The amounts in this column reflect the grant date fair value, computed in accordance with FASB ASC Topic No. 718, of option awards granted to our NEOs. See Note 2 to the Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2022 for a discussion of our assumptions in estimating the fair value of our stock option awards. Our NEOs will not realize any value with respect to these awards until these awards are exercised or sold.
(9)
The amounts under this column include amounts earned based on our Company’s annual cash incentive bonus compensation plan described under “Compensation Discussion and Analysis” above.
(10)
Reflects amounts paid for 401(k) Company match.
(11)
Mr. Greenwald was granted performance-based restricted cash units as 2022-2024 Performance Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The grant date value of the performance based restricted cash units assuming the highest level of performance conditions is achieved was $777,777. Because Mr. Greenwald’s employment was terminated prior to February 2025, he will not be entitled to any 2022-2024 performance based restricted cash units. Mr. Greenwald was not granted restricted stock awards or stock options.
46Synchronoss Technologies

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Grants of Plan Based Awards

The following table sets forth each plan-based award granted to our NEOs during the year ended December 31, 2015.2022. The FASB ASC Topic No. 718 value of these awards is also reflected in the Stock Awards and Option Awards columns of the Summary Compensation Table above:

Name(s)
Grant
Date
Estimated Future Payouts
Under Non-Equity Incentive Plan
Awards(1)
Estimated Future Payouts
Under Equity Incentive Plan
Awards(2)
Number
of Shares
of Stock
or Units
(#)
Awards
Securities
Underlying
Options
(#))
Exercise
or Base
Price of
Option
Awards
($/Sh)
Value of
Stock and
Option
Awards
($)(3)
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
Jeffrey Miller
 
250,000
500,000
1,000,000
418,301
836,601
1,673,202
 
 
 
 
7/12/2022
 
 
 
 
 
 
418,301
418,301
1.16
970,458
Louis Ferraro(4)
 
102,084
204,167
408,334
65,360
130,719
261,438
 
 
 
 
7/8/2022
 
 
 
 
 
 
65,359
65,359
1.19
155,554
8/9/2022
 
 
 
25,000
50,000
100,000
25,000
25,000
1.65
82,500
11/2/2022
 
 
 
25,000
50,000
100,000
25,000
25,000
1.10
55,000
Chris Hill
 
192,500
385,000
770,000
163,399
326,797
653,594
 
 
 
 
7/8/2022
 
 
 
 
 
 
163,399
163,399
1.19
388,890
Patrick Doran
 
134,750
269,500
539,000
163,399
326,797
653,594
 
 
 
 
7/8/2022
 
 
 
 
 
 
163,399
163,399
1.19
388,890
Christina Gabrys
 
72,500
145,000
290,000
65,360
130,719
261,438
 
 
 
 
7/8/2022
 
 
 
 
 
 
65,359
65,359
1.19
155,554
Taylor Greenwald(5)
 
136,500
273,000
546,000
163,399
326,797
653,594
 
 
 
 
(1)
Each of our NEOs was granted a non-equity incentive plan award pursuant to our 2022 annual cash incentive bonus compensation plan. The amounts shown in the “Threshold” column reflect the cash payment that would have been awarded under our 2022 annual cash incentive bonus plan if we had achieved the threshold payout level for a single corporate objective with the lowest weight. The amounts shown in the “Target” column reflect the target payment level under our 2022 annual cash incentive bonus plan if we had achieved all of the objectives previously approved by our Compensation Committee at target levels. The amounts shown in the “Maximum” column reflect the maximum payouts under our 2022 annual cash incentive bonus compensation plan if we had achieved all of the objectives previously approved by our Compensation Committee at or above the maximum level. The corporate and business components of our 2022 annual cash incentive bonus compensation plan are discussed in greater detail in “Compensation Discussion and Analysis” above. The actual amounts paid to each NEO are shown in the Summary Compensation Table above.
(2)
Reflects 2022-2024 Performance-Based Restricted Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The amounts shown in the “Threshold” column reflect the 2022-2024 Performance Cash Units that will be earned if certain minimum financial goals are achieved. The amounts shown in the “Target” column reflect the number of 2022-2024 Performance-Based Restricted Cash Units that will be earned if all of the 2022-2024 financial goals are achieved at target levels. The amounts shown in the “Maximum” column reflect the maximum number of 2022-2024 Performance-Based Restricted Cash Units that can be earned if all of the 2022-2024 financial goals are achieved at or above maximum levels.
(3)
The amount in this column reflects the grant date fair value, computed in accordance with FASB ASC Topic No. 718, of stock awards and options granted to our NEOs. See Note 2 to the Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2022 for a discussion of our assumptions in estimating the fair value of our stock and option awards.
(4)
Mr. Ferraro’s salary was increased to $375,000 upon him becoming Acting Chief Financial Officer in August 2022. The amount he received under the 2022 Cash Incentive Bonus Compensation Plan was prorated accordingly. Mr. Ferraro received a special Acting Grant and 90 Day Grant in the amounts set forth in the table above upon him becoming Acting Chief Financial Officer in August 2022 and upon him remaining in that role for greater than 90 days.
(5)
Mr. Greenwald’s employment was terminated effective October 10, 2022 when his leave of absence was not extended by mutual agreement and therefore he will not receive any amounts under the 2022 Cash Incentive Bonus Compensation Plan, his 2022 performance-based restricted cash units have been cancelled and all of his unvested equity awards have been cancelled.
 
  
 Estimated Future Payouts
Under Non-Equity Incentive Plan
Awards(1)
 Performance Stock Awards:
Number of Shares of Stock
or Units
 Number
of
Shares
of Stock
or Units
(#)
  
 Exercise
or Base
Price of
Option
Awards
($/Sh)
  
 
 
  
 Awards
Securities
Underlying
Options
(#)
 Value of
Stock and
Option
Awards
($)(11)
 
Name
 Grant Date Threshold
($)
 Target
($)
 Maximum
($)
 Threshold
(#)
 Target
(#)
 Maximum
(#)
 

Stephen G.

     146,313  585,253  1,024,193                      

Waldis

  2/9/2015                       70,546(9) 41.37  1,128,651 

  2/9/2015                    25,901(5)       1,071,524 

  2/9/2015           12,951  25,901  51,802(2)          1,184,453 

  2/9/2015           12,951  25,901  51,802(3)          1,421,288 

  2/9/2015           6,476  12,951  12,951(4)          592,249 

Karen L.

     44,550  178,200  311,850                      

Rosenberger

  2/9/2015                       16,716(9) 41.37  267,436 

  2/9/2015                    6,137(5)       253,888 

  2/9/2015           3,069  6,137  12,274(2)          280,645 

  2/9/2015           3,069  6,137  12,274(3)          336,756 

  2/9/2015           1,535  3,069  3,069(4)          140,345 

Robert E.

     78,676  314,706  550,735                      

Garcia

  2/9/2015                       46,242(9) 41.37  739,817 

  2/9/2015                    16.978(5)       702,380 

  2/9/2015           8,489  16,978  33,956(2)          776,404 

  2/9/2015           8,489  16,978  33,956(3)          931,612 

  2/9/2015           4,245  8,489  8,489(4)          388,202 

Daniel Rizer

     69,441  277,766  486,091                      

  2/9/2015                       10,477(9) 41.37  167,139 

  2/9/2015                    3,836(5)       158.695 

  2/9/2015           1,918  3,836  7,672(2)          177,684 

  2/9/2015           1,918  3,836  7,672(3)          213,257 

  2/9/2015           959  1,918  1,918(4)          88,842 

  5/11/2015                    20,000(6)       914,600 

David Schuette

                               

  8/1/2015                       13,751(10) 39.10  195,979 

  8/1/2015                    5,039(7)       197,025 

  12/17/2015                    50,000(8)       1,807,000 
Synchronoss Technologies 47
(1)
Each of our NEOs was granted a non-equity incentive plan award pursuant to our 2015 annual incentive bonus compensation plan. The amounts shown in the "Threshold" column reflect the cash payment level under our 2015 annual incentive bonus plan if we achieved the threshold payout level for a single corporate objective with the lowest weight. The amounts shown in the "Target" column reflect the target payment level under our 2015 annual incentive bonus plan if we achieved all of the objectives previously approved by our Compensation Committee. The amounts shown in the "Maximum" column reflect the maximum payouts under our 2015 annual incentive bonus compensation plan with respect to the objectives previously approved by our Compensation Committee. The corporate and business components of our 2015 annual incentive bonus compensation plan are discussed in greater detail in "Compensation Discussion and Analysis." The actual amounts paid to each NEO are shown in the Summary Compensation Table above. The table does not include the individual discretionary component portion of the NEO's aggregate targeted annual cash incentive bonus amount.

(2)
Reflects a 2015-2017 performance-based restricted share award as described in greater detail in "Compensation Discussion and Analysis." The 2015-2017 performance-based restricted share awards triggered the issuance of a certain number of restricted shares of Common Stock based on the achievement of our 2015-2017 financial performance. The amounts shown in the "threshold" column reflect the minimum number of restricted shares of Common Stock issuable under the 2015-2017 performance-based restricted share awards if certain minimum financial goals were achieved. The amounts shown in the "target" column reflect the number of restricted shares of Common Stock issuable under the 2015-2017


Table of ContentsTABLE OF CONTENTS

    performance-based restricted share awards if all of the 2015-2017 financial goals were achieved at on-target levels. The amounts shown in the "maximum" column reflect the maximum number of restricted shares of Common Stock issuable under the 2015-2017 performance-based restricted share if all of the 2015-2016 financial goals were surpassed.

(3)
Reflects a special one-time 2015-2016 performance-based restricted share award as part of the transition to a three-year performance criteria for our performance-based restricted share awards, as described in greater detail in "Compensation Discussion and Analysis." One-third of the performance-based share awards triggered the issuance of a certain number of restricted shares of Common Stock based on the achievement of our 2015 financial performance and two-thirds of the performance-based restricted shares awards trigger the issuance of a certain number of restricted shares of Common Stock based on the achievement of our 2016 financial performance. The amounts shown in the "threshold" column reflect the minimum number of restricted shares of Common Stock issuable under the 2015-2016 performance-based restricted share awards if certain minimum financial goals were achieved. The amounts shown in the "target" column reflect the number of restricted shares of Common Stock issuable under the 2015-2016 performance-based restricted share awards if all of the 2015-2016 financial goals were achieved at on-target levels. The amounts shown in the "maximum" column reflect the maximum number of restricted shares of Common Stock issuable under the 2015-2016 performance-based restricted share if all of the 2015-2016 financial goals were surpassed.

(4)
Reflects a special "new business" performance-based restricted share award as described in greater detail in "Compensation Discussion and Analysis." The "new business" performance-based restricted share awards triggered the issuance of a certain number of restricted shares of Common Stock based on the achievement of certain criteria after the end of the three-year period commencing January 1, 2015. The amounts shown in the "threshold" column reflect the minimum number of restricted shares of Common Stock issuable under the "new business" performance-based restricted share awards if certain minimum financial goals were achieved with respect to the "new business". The amounts shown in the "target" column reflect the number of restricted shares of Common Stock issuable under the "new business" performance-based restricted share awards if all of the "new business" criteria were achieved at on-target levels during the three-year period commencing January 1, 2015. The amounts shown in the "maximum" column reflect the maximum number of restricted shares of Common Stock issuable under the "new business" performance-based restricted share if all of the "new business" criteria were surpassed during the three-year period commencing January 1, 2015.

(5)
One-third of the restricted shares issued vests on February 9 of each of 2016, 2017 and 2018, provided he or she remains continuously employed by our Company through each such date.

(6)
One-fourth of the restricted shares vests on May 11, 2016, and an additional 1/16th of the restricted shares vest upon completion of each period of three-months of continuous service thereafter.

(7)
One-fourth of the restricted shares vests on August 1, 2016 provided he has continuous service from the grant date, and an additional 1/16th of the restricted shares vest upon completion of each period of three-months of continuous service thereafter.

(8)
One-fourth of the restricted shares vests on December 17, 2016 provided he has continuous service from the grant date, and an additional 1/16th of the restricted shares vest upon completion of each period of three-months of continuous service thereafter.

(9)
Each stock option becomes exercisable with respect to the first 25% of the shares subject to the option upon completion of 12 months of continuous service after February 9, 2015, and with respect to an additional1/48 of the shares subject to the option upon completion of each month of continuous service thereafter.

(10)
Each stock option becomes exercisable with respect to the first 25% of the shares subject to the option upon completion of 12 months of continuous service after August 1, 2015, and with respect to an additional1/48th of the shares subject to the option upon completion of each month of continuous service thereafter.

(11)
The amount in this column reflects the grant date fair value, computed in accordance with FASB ASC Topic No. 718, of stock awards and options granted to our NEOs. See Footnote 2 to the Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2015 for a discussion of our assumptions in estimating the fair value of our stock and option awards.

Table of Contents

Description of Awards Granted in 2015

2022
​   Stephen G. Waldis:
​  
Jeffrey Miller:
On February 9, 2015,July 12, 2022, we granted Mr. WaldisMiller (i) an option to purchase 70,546418,301 shares of our Common Stock, (ii) 25,901a restricted stock award of 418,301 shares, and (iii) a target award of 836,601 2022-2024 Performance-Based Restricted Cash Units, which are earned based on our Company’s achievement of performance metrics to be established by the Compensation Committee during fiscal year 2022, 2023, and 2024 discussed in the Compensation Discussion and Analysis section in this Proxy Statement.
Louis Ferraro, Jr.:
On July 8, 2022, we granted Mr. Ferraro (i) an option to purchase 65,359 shares of our Common Stock, (iii)(ii) a performance-based restricted stock award pursuantof 65,359 shares, and (iii) a target award of 130,719 2022-2024 Performance-Based Restricted Cash Units, which are earned based on our Company’s achievement of performance metrics to whichbe established by the Compensation Committee during fiscal year 2022, 2023 and 2024 discussed in the Compensation Discussion and Analysis section in this Proxy Statement. On August 9, 2022, we granted Mr. Waldis is entitledFerraro (i) an option to receive up to 51,802 restrictedpurchase 25,000 shares of our Common Stock, (ii) a restricted Common Stock award of 25,000 shares and (iii) a target award of 50,000 2022-2024 Performance-Based Restricted Cash Units, which are earned based on our Company'sCompany’s achievement of performance metrics to be established by the Compensation Committee during fiscal year 2022, 2023 and 2024 discussed in the Compensation Discussion and Analysis section of this proxy for the 2015-2017 Performance Shares, (iv) a performance-based restricted stock award pursuantProxy Statement. On November 2, 2022, we granted Mr. Ferraro (i) an option to which Mr. Waldis was entitled to receive up to 51,802 restrictedpurchase 25,000 shares of our Common Stock, (ii) a restricted stock award of 25,000 shares and (iii) a target award of 50,000 2022-2024 Performance-Based Restricted Cash Units, which are earned based on our Company'sCompany’s achievement of performance metrics to be established by the Compensation Committee during fiscal year 2022, 2023 and 2024 discussed in the Compensation Discussion and Analysis section of this proxy for the 2015-2016 Performance Shares and (v) a performance-based restricted stock award pursuantProxy Statement.
Christopher Hill:
On July 8, 2022, we granted Mr. Hill (i) an option to which Mr. Waldis is entitled to receive up to 12,951 restrictedpurchase 163,399 shares of our Common Stock, (ii) a restricted stock award of 163,399 shares, and (iii) a target award of 326,797 2022-2024 Performance-Based Restricted Cash Units, which are earned based on our Company'sCompany’s achievement of performance metrics to be established by the Compensation Committee during fiscal year 2022, 2023, and 2024 discussed in the Compensation Discussion and Analysis section ofin this proxy for the New Business Performance Shares. On January 27, 2016, 13,813 2015-2016 Performance Shares were issued to Mr. Waldis based on our Company's 2015 financials.
Proxy Statement.
Karen L. Rosenberger:
Patrick Doran:
On February 9, 2015,July 8, 2022, we granted Ms. RosenbergerMr. Doran (i) an option to purchase 16,716163,399 shares of our Common Stock, (ii) 6,137 restricted shares of our Common Stock, (iii) a performance-based restricted stock award pursuant toof 163,399 shares, and (iii) a target award of 326,797 2022-2024 Performance-Based Restricted Cash Units, which Ms. Rosenberger is entitled to receive up to 12,274 restricted shares of our Common Stockare earned based on our Company'sCompany’s achievement of performance metrics to be established by the Compensation Committee during fiscal year 2022, 2023, and 2024 discussed in the Compensation Discussion and Analysis section ofin this proxy for the 2015-2017 Performance Shares, (iv) a performance-based restricted stock award pursuantProxy Statement.
Christina Gabrys
On July 8, 2022, we granted Ms. Gabrys (i) an option to which Ms. Rosenberger was entitled to receive up to 12,274 restrictedpurchase 65,359 shares of our Common Stock, (ii) a restricted stock award of 65,359 shares, and (iii) a target award of 130,719 2022-2024 Performance-Based Restricted Cash Units, which are earned based on our Company'sCompany’s achievement of performance metrics to be established by the Compensation Committee during fiscal year 2022, 2023, and 2024 discussed in the Compensation Discussion and Analysis section in this Proxy Statement.
Taylor Greenwald:
On July 8, 2022, we granted Mr. Greenwald a target award of this proxy for the 2015-2016 Performance Shares and (v) a performance-based restricted stock award pursuant to326,797 2022-2024 Performance-Based Restricted Cash Units, which Ms. Rosenberger is entitled to receive up to 3,069 restricted shares of our Common Stockare earned based on our Company'sCompany’s achievement of performance metrics to be established by the Compensation Committee during fiscal year 2022, 2023, and 2024 discussed in the Compensation Discussion and Analysis section in this Proxy Statement. Because Mr. Greenwald’s employment with the Company was terminated effective October 10, 2022 when his leave of this proxy for the New Business Performance Shares. On January 27, 2016, 3,272 2015-2016 Performance Shares were issued to Ms. Rosenbergerabsence was not mutually extended, all performance based on our Company's 2015 financials.
​   Robert E. Garcia:restricted cash units and all unvested equity awards have been cancelled.
​  On February 9, 2015, we granted Mr. Garcia (i) an option to purchase 46,242 shares of our Common Stock, (ii) 16,978 restricted shares of our Common Stock, (iii) a performance-based restricted stock award pursuant to which Mr. Garcia is entitled to receive up to 33,956 restricted shares of our Common Stock based on the Company's performance metrics discussed in the Compensation Discussion and Analysis section of this proxy for the 2015-2017 Performance Shares, (iv) a performance-based restricted stock award pursuant to which Mr. Garcia was entitled to receive up to 33,956 restricted shares of our Common Stock based on the Company's performance metrics discussed in the Compensation Discussion and Analysis section of this proxy for the 2015-2016 Performance Shares and (v) a performance-based restricted stock award pursuant to which Mr. Garcia was entitled to receive up to 8,489 restricted shares of our Common Stock based on our Company's performance metrics discussed in the Compensation Discussion and Analysis section of this proxy for the New Business Performance Shares. On January 27, 2016, 9,052 2015-2016 Performance Shares were issued to Mr. Garcia based on our Company's 2015 financials.
Daniel Rizer:
On February 9, 2015, we granted Mr. Rizer (i) an option to purchase 10,447 shares of our Common Stock, (ii) 3,836 restricted shares of our Common Stock, (iii) a performance-based restricted stock award pursuant to which Mr. Rizer is entitled to receive up to 7,672 restricted shares of our Common Stock based on our Company's performance metrics discussed in the Compensation Discussion and Analysis section of this proxy for the 2015-2017 Performance Shares, (iv) a performance-based restricted stock award pursuant to which Mr. Rizer was entitled to receive up to 7,672 restricted shares of our Common Stock based on our Company's performance metrics discussed in the Compensation Discussion and Analysis section of this proxy for the 2015-2016 Performance Shares and (v) a performance-based restricted stock award pursuant to which Mr. Rizer is entitled to receive up to 1,918 restricted shares of our Common Stock based on our Company's performance metrics discussed in the Compensation Discussion and Analysis section of this proxy for the New Business Performance Shares. On January 27, 2016, 2,048 2015-2016 Performance Shares were issued to Mr. Rizer based on our Company's 2015 financials. On May 11, 2015, as a special one-time award, we granted Mr. Rizer 20,000 restricted shares of our Common Stock.

48Synchronoss Technologies

Table of ContentsTABLE OF CONTENTS

​   David Schuette:
​  On August 1, 2015, in connection with his joining the Company, we granted Mr. Schuette (i) an option to purchase 13,751 shares of our Common Stock and (ii) 5,039 restricted shares of our Common Stock. On December 17, 2015, based on additional information and Mr. Schuette's performance in his initial months with our Company, we granted Mr. Schuette an additional 50,000 restricted shares of our Common Stock.

With respect to each of Messrs. Waldis, Garcia and Rizer and Ms. Rosenberger:

    (a)
    each stock option granted becomes exercisable with respect to the first 25% of the shares subject to the option upon completion of 12 months of continuous service after February 9, 2015, and with respect to an additional1/48th of the shares subject to the option upon completion of each month of continuous service thereafter;

    (b)
    one-third of the restricted shares issued to him or her on February 9, 2015 vests on each of February 8, 2016, 2017 and 2018, provided he or she remains continuously employed by our Company through each such date;

    (c)
    the 2015-2017 Performance Shares shall vest upon issuance on or about January 2018, provided he or she remains continuously employed by our Company through such date;

    (d)
    one-third of the 2015-2016 Performance Shares vested upon issuance on January 27, 2016;

    (e)
    two-thirds of the 2015-2016 Performance Shares shall vest upon issuance in January 2017 based on our financial performance in 2016, provided the NEO remains continuously employed by our Company through such date; and

    (e)
    the New Business Performance Shares shall vest upon issuance in January 2018 contingent on our Company meeting certain objectives, provided he or she remains continuously employed by our Company through such date.

With respect to Mr. Rizer's May 11, 2015 grant of restricted shares, one-fourth of the shares will vest on May 11, 2016 and an additional1/16th of the restricted shares will vest following each three-month period thereafter, subject to Mr. Rizer's continued service on each vesting date.

With respect to Mr. Schuette, (a) the stock option granted to him on August 1, 2015 becomes exercisable with respect to the first 25% of the shares subject to the option upon his completion of 12 months of continuous service after the grant date, and with respect to an additional1/48th of the shares subject to the option upon his completion of each month of continuous service thereafter and (b) with respect to the restricted shares granted to him on each of August 1, 2015 and December 17, 2015, the first 25% of the shares will vest upon his completion of 12 months of continuous service after the grant date, and an additional1/16th of the shares will vest upon his completion of each period of three months of continuous service thereafter.


Table of Contents

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth information regarding each unexercised option and all unvested stock held by each of our NEOs as of December 31, 2015:

2022:

 
Option Awards
Stock Awards
Name
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or
Units of
Stock That
Have Not
Vested
(#)
Market Value
of Shares or
Units of
Stock That
Have Not
Vested
($)(1)
Equity Incentive
Plan Awards:
Number of
Unearned Shares,
Units or Other
Rights That
Have Not
Vested
(#)
Equity Incentive
Plan Awards:
Market or
Payout Value of
Unearned Shares,
Units or Other
Rights That
Have Not
Vested
(#)(1)
Jeffrey Miller
84,357(2)
 
6.20
11/2/2025
 
 
 
 
 
26,061(3)
3,723
6.88
6/6/2026
 
 
 
 
 
24,554(4)
12,278
5.43
2/20/2027
 
 
 
 
 
83,649(5)
167,299
3.95
3/8/2028
 
 
 
 
 
 
418,301(6)
1.16
7/12/2029
 
 
 
 
 
 
 
 
 
101,266(7)
62,785
 
 
 
 
 
 
 
418,301(8)
259,347
 
 
 
 
 
 
 
 
 
77,349(9)
47,956
 
 
 
 
 
 
 
455,695(10)
282,531
 
 
 
 
 
 
 
257,383(11)
159,577
 
 
 
 
 
 
 
836,601(12)
518,693
Louis Ferraro
8,283(3)
 
6.88
6/6/2026
 
 
 
 
 
13,812(4)
6,906
5.43
2/20/2027
 
 
 
 
 
25,000(13)
 
3.74
9/11/2027
 
 
 
 
 
9,910(14)
19,820
2.94
6/14/2028
 
 
 
 
 
10,000(15)
10,000
2.91
8/5/2028
 
 
 
 
 
 
65,359(6)
1.19
7/8/2029
 
 
 
 
 
 
25,000(16)
1.65
8/9/2029
 
 
 
 
 
 
25,000(17)
1.10
11/2/2029
 
 
 
 
 
 
 
 
 
65,359(18)
40,523
 
 
 
 
 
 
 
25,000(19)
15,500
 
 
 
 
 
 
 
25,000(20)
15,500
 
 
 
 
 
 
 
 
 
50,376(11)
31,233
 
 
 
 
 
 
 
230,719(12)
143,046
Christopher Hill
8,283(3)
 
6.88
6/6/2026
 
 
 
 
 
13,812(4)
6,906
5.43
2/20/2027
 
 
 
 
 
7,000(21)
7,000
3.43
7/1/2027
 
 
 
 
 
25,000(13)
 
3.74
9/11/2027
 
 
 
 
 
11,712(14)
23,423
2.94
6/14/2028
 
 
 
 
 
11,111(22)
22,223
2.25
10/18/2028
 
 
 
 
 
 
163,399(6)
1.19
7/8/2029
 
 
 
 
 
 
 
 
 
23,423(23)
14,522
 
 
 
 
 
 
 
22,223 (24)
13,788
 
 
 
 
 
 
 
163,399(8)
101,307
 
 
 
 
 
 
 
 
 
116,017(11)
71,930
 
 
 
 
 
 
 
326,797(12)
202,614
Patrick Doran
64,152(25)
 
16.33
5/8/2024
 
 
 
 
 
22,470(26)
 
10.62
4/5/2025
 
 
 
 
 
26,061(3)
3,723
6.88
6/6/2026
 
 
 
 
 
30,693(4)
15,347
5.43
2/20/2027
 
 
 
 
 
22,523(14)
45,045
2.94
6/14/2028
 
 
 
 
 
 
163,399(6)
1.19
7/8/2029
 
 
 
 
 
 
 
 
 
45,045(23)
27,928
 
 
 
 
 
 
 
163,399(8)
101,307
 
 
 
 
 
 
 
 
 
96,686(9)
59,945
 
 
 
 
 
 
 
114,490(11)
70,984
 
 
 
 
 
 
 
326,797(12)
202,614
                     

 

 

                                                                                           Option Awards


                                                 Stock Awards
  

 

 

Name

 Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable






Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable






Option
Exercise
Price
($)




Option
Expiration
Date



Number of
Shares or
Units of
Stock
That Have
Not Vested
(#)







Market Value
of Shares or
Units of Stock
That Have Not
Vested
($)(1)






Equity Incentive Plan
Awards: Number of
Unearned Shares,
Units or Other
Rights That Have
Not Vested
(#)







Equity Incentive Plan
Awards: Market or
Payout Value of
Unearned Shares,
Units or Other Rights
That Have Not Vested
(#)(27)







 

 

Stephen G. Waldis

   58,300(2)   -0- 14.00 12/1/2016          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

   84,000(3)   -0-

27.55 12/7/2017     

 

   160,000(4)   -0- 30.50 12/6/2018          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

   54,117(5)     22,283       31.02 2/14/2020     

 

     40,065(6)     47,348       32.40 2/13/2021          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

 -0-   70,546(10)   41.37 2/9/2022     

 

           10,186(12)    358,853      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     5,019(13)    176,819   

 

           26,995(14)    951,034      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     33,744(15) 1,188,801   

 

           25,901(16)    912,492      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       51,802(24) 1,824,984 

 

               51,802(25) 1,824,984  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       12,951(26)    456,264 

 

 

Karen L. Rosenberger

        188(3)   -0- 27.55 12/7/2017          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     2,178(4)   -0- 30.50 12/6/2018     

 

       1,416(5)     1,167       31.02 2/14/2020          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     1,117(7)     2,903       32.24 2/20/2021     

 

       1,273(8)     4,457       35.19 4/1/2021          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

 -0- 16,716(10) 41.37 2/9/2022     

 

                533(12)   18,778      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

          269(13)     9,477   

 

              6,137(16) 216,207      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

          219(17)     7,715   

 

              1,386(18)   48,829      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

        2,080(19)   73,278   

 

           14,085(20) 496,215      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       12,274(24) 432,413 

 

               12,274(25) 432,413  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       3,069(26) 108,121 

 

 

Robert Garcia

   13,750(3)   -0- 30.50 12/6/2018          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     9,166(5)   11,667       31.02 2/14/2020     

 

     11,458(6)   29,792       32.40 2/13/2021          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     6,875(9)        625       30.11 1/3/2019     

 

   -0- 46,242(10) 41.37 2/9/2022          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       5,333(12) 187,882   

 

             2,626(13)   92,514      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     18,000(14) 634,140   

 

           22,500(15) 792,675      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     16,978(16) 598,135   

 

                937(20)   33,011      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       33,956(24) 1,196,270 

 

               33,956(25) 1,196,270  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

         8,489(26)    299,067 

 

 

Daniel Rizer

     4,871(5)     2,829       31.02 2/14/2020          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     4,375(6)     8,125       32.40 2/13/2021     

 

   -0- 10,447(10) 41.37 2/9/2022          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     1,293(12)   45,552   

 

              642(13)   22,618      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     4,000(14) 140,920   

 

           5,000(15) 176,150      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

     3,836(16) 135,142   

 

           20,000(21) 704,600      
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       7,672(24) 270,285 

 

               7,672(25) 270,285  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       1,918(26)   67,571 

 

 

David Schuette

 -0-   13,751(11)   39.10 9/1/2022          
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 

​  

 

       5,039(22)    177,524   

 

           50,000(23) 1,761,500      
Synchronoss Technologies 49



Table of ContentsTABLE OF CONTENTS

(1)
Computed in accordance with SEC rules as the number of unvested shares multiplied by the closing market price per share of our Common Stock on December 31, 2015, which was $35.23 per share. The actual value (if any) to be realized by the NEO depends on whether the shares vest and the future performance of our Common Stock. Each of the options and restricted shares automatically vest if we are acquired and the NEO is either involuntarily terminated or voluntarily resigns for good reason under certain circumstances following our change of control, as discussed in more detail below under "Employment Agreements."

(2)
The option vested over four years of continuous service following December 1, 2009, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option is fully exercisable.

(3)
The option vested over four years of continuous service following December 7, 2010, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option is fully exercisable.

(4)
The option vested over four years of continuous service following December 6, 2011, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option is fully exercisable.

(5)
The option vests over four years of continuous service following February 14, 2013, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option will be fully exercisable on February 14, 2017.

(6)
The option vests over four years of continuous service following February 13, 2014, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option will be fully exercisable on February 13, 2018.

(7)
The option vests over four years of continuous service following February 20, 2014, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option will be fully exercisable on February 20, 2018.

(8)
The option vests over four years of continuous service following April 1, 2014, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option will be fully exercisable on April 1, 2018.

(9)
The option vests over four years of continuous service following January 3, 2012, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option will be fully exercisable on January 3, 2016.

(10)
The option vests over four years of continuous service following February 9, 2015, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option will be fully exercisable on February 9, 2019.

(11)
The option vested over four years of continuous service following August 1, 2015, with 25% vesting after the first year of service and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service. As a result, the option will be fully exercisable on August 1, 2019.

(12)
Reflects restricted shares granted on February 14, 2013. The remaining unvested shares will vest on February 14, 2016 provided the NEO remains continuously employed by our Company.

(13)
Reflects performance-based restricted shares awarded on February 14, 2013, and issued (based on our 2013 financial performance) on January 29, 2014. Under the terms of this grant, the remaining unvested shares will vest on February 13, 2016, provided the NEO remains continuously employed by our Company.

(14)
Reflects restricted shares granted on February 13, 2014. One half of the unvested shares will vest on each of February 14, 2016 and 2017 provided the NEO remains continuously employed by our Company.

(15)
Reflects performance-based restricted shares awarded on February 13, 2014, and issued (based on our 2014 financial performance) on January 29, 2015. One half of the unvested shares will vest on each of February 13, 2016 and 2017, provided the NEO remains continuously employed by our Company.
 
Option Awards
Stock Awards
Name
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or
Units of
Stock That
Have Not
Vested
(#)
Market Value
of Shares or
Units of
Stock That
Have Not
Vested
($)(1)
Equity Incentive
Plan Awards:
Number of
Unearned Shares,
Units or Other
Rights That
Have Not
Vested
(#)
Equity Incentive
Plan Awards:
Market or
Payout Value of
Unearned Shares,
Units or Other
Rights That
Have Not
Vested
(#)(1)
Christina Gabrys
1,054(26)
 
10.62
4/5/2025
 
 
 
 
 
1,325(3)
 
6.88
6/6/2026
 
 
 
 
 
2,209(4)
1,105
5.43
2/20/2027
 
 
 
 
 
17,500(13)
 
3.74
9/11/2027
 
 
 
 
 
2,837(14)
5,672
2.94
6/14/2028
 
 
 
 
 
1,667(27)
3,333
2.98
8/02/2028
 
 
 
 
 
 
65,359(6)
1.19
7/8/2029
 
 
 
 
 
 
 
 
 
2,836(23)
1,758
 
 
 
 
 
 
 
3,333(28)
2,066
 
 
 
 
 
 
 
66,359(8)
41,142
 
 
 
 
 
 
 
 
 
30,000(29)
18,600
 
 
 
 
 
 
 
14,254(11)
8,837
 
 
 
 
 
 
 
130,719(12)
81,046
(1)
Computed in accordance with SEC rules as the number of unvested shares multiplied by the closing market price per share of our Common Stock on December 30, 2022, which was the last trading day of 2022, which was $0.62 per share. The actual value (if any) to be realized by the NEO depends on whether the shares vest and the future performance of our Common Stock. Each of the options and restricted stock awards automatically vest if we are acquired and the NEO is either involuntarily terminated or voluntarily resigns for good reason under certain circumstances following our change of control, as discussed in more detail below under “Employment Agreements.”
(2)
The option vests over four years from the vesting start date of November 2, 2018, with 25% vested on November 2, 2019 and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service with the Company. As a result, the option was fully exercisable on November 2, 2022.
(3)
The option vests over four years from the vesting start date of June 6, 2019, with 25% vested on June 6, 2020 and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service with the Company. As a result, the option will be fully exercisable on June 6, 2023.
(4)
The option vests over three years from the vesting start date of February 20, 2020, with one-third of the options vested on February 20, 2021 and one-third of the shares will vest on each of February 20, 2022 and February 20, 2023, provided the NEO has continuous service with the Company through such dates. As a result, the option was fully exercisable on February 20, 2023.
(5)
The option vests over three years from the vesting start date of March 8, 2021, with one-third vested on each of March 8, 2022, March 8, 2023, and March 8 2024, provided the NEO has continuous service with the Company through such vesting dates. As a result, the option will be fully exercisable on March 8, 2024.
(6)
The option vests over three years from the vesting start date of July 12, 2022, with one-third vested on each of July 12, 2023, July 12, 2024, and July 12, 2025, provided the NEO has continuous service with the Company through such vesting dates. As a result, the option will be fully exercisable on July 12, 2025.
(7)
Reflects restricted stock awards granted on March 8, 2021. One-third of the shares vest on each of March 8, 2022, March 8, 2023, and March 8, 2024, provided the NEO has continuous service with the Company through such date.
(8)
Reflects restricted stock awards granted on July 12, 2022. One-third of the shares vested on each of July 12, 2023, July 12, 2024, and July 12, 2025, provided the NEO has continuous service with the Company through such date.
(9)
Reflects target number of 2020-2022 Performance-Based Restricted Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The amount shown reflects the target award if all of the associated target performance metrics were achieved for each of the three years of 2020, 2021, and 2022. The actual number of cash units earned could range from 0 to two times the amount and will be determined in March of the following year for each fiscal year. These cash units will become fully vested when the actual number of cash units is determined for the fiscal year 2022 provided the NEO is employed on such date.
(10)
Reflects target number of Performance-Based Restricted Cash Units granted on March 8, 2021 upon Mr. Miller being appointed CEO. The amount shown reflects the target award if all of the associated target performance metrics were achieved for each of the three years of 2021, 2022, and 2023. The actual number of cash units earned could range from 0 to two times the amount and will be determined in March of the following year for each fiscal year. These cash units will become fully vested when the actual number of cash units is determined for the fiscal year 2023 provided the NEO is employed on such date.

50Synchronoss Technologies

Table of ContentsTABLE OF CONTENTS

(16)
Reflects restricted shares granted on February 9, 2015. One-third of the shares shall vest on each of February 9, 2016, 2017 and 2018, provided the NEO remains continuously employed by our Company.

(17)
Reflects restricted shares vesting over four years of continuous service following January 3, 2012, with 25% of the shares vesting after the first year of service and the remaining shares vesting ratably on a quarterly basis thereafter. As a result, the shares will fully vest on January 3, 2016.

(18)
Reflects restricted shares vesting over four years of continuous service following February 20, 2014, with 25% of the shares vesting after the first year of service and the remaining shares vesting ratably on a quarterly basis thereafter. As a result, the shares will fully vest on February 20, 2018.

(19)
Reflects performance-based restricted shares awarded on February 20, 2014, and issued (based on our 2014 financial performance) on January 29, 2015. One-third of the unvested shares will vest on each of February 20, 2016 and 2017, provided the NEO remains continuously employed by our Company.

(20)
Reflects restricted shares vesting over four years of continuous service following April 1, 2014,with 25% of the shares vesting after the first year of service and the remaining shares vesting ratably on a quarterly basis thereafter. As a result, the shares will fully vest on April 1, 2018.

(21)
Reflects restricted shares vesting over four years of continuous service following May 11, 2015, with 25% of the shares vesting after the first year of service and the remaining shares ratably on a quarterly basis thereafter. As a result, the shares will fully vest on May 11, 2019.

(22)
Reflects restricted shares vesting over four years of continuous service following April 1, 2015, with 25% of the shares vesting after the first year of service and the remaining shares ratably on a quarterly basis thereafter. As a result, the shares will fully vest on April 1, 2019.

(23)
Reflects restricted shares vesting over four years of continuous service following December 17, 2015, with 25% of the shares vesting after the first year of service and the remaining shares ratably on a quarterly basis. As a result, the shares will fully vest on December 17, 2019.

(24)
Each NEO employed by our Company as of February 9, 2015 was awarded a 2015-2016 performance-based restricted share award as described in greater detail in "Compensation Discussion and Analysis." The amounts shown reflect the maximum award if all of the goals were achieved based on 2015 financial metrics. The actual number of restricted shares of our Common Stock issued with respect to one-third of the award was determined based on our 2015 financial performance and is shown in the table below. The remaining two-thirds of the award is based on our 2016 financial performance and will be issued (if earned) in January 2017. All of the shares earned vested upon issuance.

(11)
Reflects target number of 2021-2023 Performance-Based Restricted Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The amount shown reflects the target award if all of the associated target performance metrics were achieved for each of the three years of 2021, 2022, and 2023. The actual number of cash units earned could range from 0 to two times the amount and will be determined in March of the following year for each fiscal year. These cash units will become fully vested when the actual number of cash units is determined for the fiscal year 2023 provided the NEO is employed on such date.
(12)
Reflects target number of 2022-2024 Performance-Based Restricted Cash Units as described in greater detail in “Compensation Discussion and Analysis” above. The amount shown reflects the target award if all of the associated target performance metrics were achieved for each of the three years of 2022, 2023, and 2024. The actual number of cash units earned could range from 0 to two times the amount and will be determined in March of the following year for each fiscal year. These cash units will become fully vested when the actual number of cash units is determined for the fiscal year 2024 provided the NEO is employed on such date.
(13)
The option vests 100% two years from the vesting start date of September 11, 2020, with the options vesting on September 11, 2022, provided the NEO has continuous service with the Company through such dates. As a result, the option will be fully exercisable on September 11, 2022.
(14)
The option vests over three years from the vesting start date of June 14, 2021, with one-third vested on each of June 14, 2022, April 9, 2023 and April 9, 2024, provided the NEO has continuous service with the Company through such vesting dates. As a result, the option will be fully exercisable on April 9, 2024.
(15)
The option vests over two years from the vesting start date of August 5, 2021, with 50% of the shares vesting on each of August 5, 2022 and August 5, 2023, provided the NEO has continuous service with the Company through such dates.
(16)
The option vests over three years from the vesting start date of August 9, 2022, with one-third vested on each of August 9, 2023, August 9, 2024, and August 9, 2025, provided the NEO has continuous service with the Company through such vesting dates. As a result, the option will be fully exercisable on August 9, 2025.
(17)
The option vests over three years from the vesting start date of November 2, 2022, with one-third vested on each of November 2, 2023, November 2, 2024, and November 2, 2025, provided the NEO has continuous service with the Company through such vesting dates. As a result, the option will be fully exercisable on November 2, 2025.
(18)
Reflects restricted stock awards granted on July 8, 2022. One-third of the shares vested on each of July 8, 2023, July 8, 2024, and July 8, 2025, provided the NEO has continuous service with the Company through such date. As a result, the restricted stock awards will be fully vested on July 8, 2025.
Name(19)

Reflects restricted stock awards granted on August 9, 2022. One-third of the restricted stock awards vested on each of August 9, 2023, August 9, 2024, and August 9, 2025, provided the NEO has continuous service with the Company through such date. As a result, the restricted stock awards will be fully vested on August 9, 2025.
(20)
Reflects restricted stock awards granted on November 2, 2022. One-third of the restricted stock awards vested on each of November 2, 2023, November 2, 2024, and November 2, 2025, provided the NEO has continuous service with the Company through such date. As a result, the restricted stock awards will be fully vested on November 2, 2025.
(21)
The option vests over four years from the vesting start date of July 1, 2020, with one-fourth of the shares vesting on each of July 1, 2021, July 1, 2022, July 1, 2023, and July 1, 2024, provided the NEO has continuous service with the Company through such dates. As a result, the option will be fully exercisable on July 1, 2024.
(22)
NumberThe option vests over three years from the vesting start date of SharesOctober 18, 2021, with one-third vesting on each of October 18, 2022, October 18, 2023, and October 18, 2024, provided the NEO has continuous service with the Company through such dates. As a result, the option will be fully exercisable on October 18, 2024.
(23)

Reflects restricted stock awards granted on June 14, 2021, one-third of the option vests on June 14, 2022, one third on April 9, 2023, and one-third of the option vests on April 9, 2024, provided the NEO has continuous service with the Company through such dates. As a result, the restricted stock awards will be fully vested on April 9, 2024.
(24)
Reflects restricted stock awards granted on October 18, 2021. One-third of the restricted stock awards vests on each of October 18, 2022, October 18, 2023, and October 18, 2024, provided the NEO has continuous service with the Company through such dates. As a result, the restricted stock awards will be fully vested on October 18, 2024.
(25)
The option vested over four years from the vesting start date of May 8, 2017, and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service with the Company. As a result, the option was fully exercisable on May 8, 2021.
(26)
The option vested over four years from the vesting start date of February 28, 2018, and the remaining shares vesting in equal monthly installments over an additional 36 months of continuous service with the Company. As a result, the option was fully exercisable on February 28, 2022.
(27)
The option vests over three years from the vesting start date of August 2, 2021, with one-third vested on August 2, 2022 and one-third will vest on each of August 2, 2023 and August 2, 2024. As a result, the option will be fully exercisable on August 2, 2024.
(28)
Reflects restricted stock awards granted on August 2, 2021. One-third of the restricted stock awards vests on each of August 2, 2022, August 2, 2023, and August 2, 2024, provided the NEO has continuous service with the Company through such dates. As a result, the restricted stock awards will be fully vested on August 2, 2024.
(29)
Waldis  13,813
Rosenberger3,272
Garcia9,052
Rizer2,048
Reflects target number of retention performance-based stock awards granted on April 30, 2021. The amount shown reflects the target award if the associated target performance metric was achieved in 2022. The actual number of shares awarded is 0, as determined in March of 2023, as a result of the failure of the Company to meet the performance metric.
(25)
Each NEO employed by our Company as of February 9, 2015 was awarded a 2015-2017 performance-based restricted share award as described in greater detail in "Compensation Discussion and Analysis." The amounts shown reflect the maximum award if all of the goals are achieved. The actual number of shares will be determined in January 2018 at which time the shares will be issued, not subject to any further vesting.

(26)
Each NEO employed by our Company as of February 9, 2015 was awarded a new business performance-based restricted share award as described in greater detail in "Compensation Discussion and Analysis." The amounts shown reflect the maximum award if all of the goals were achieved. The actual number of shares will be determined in January 2018 at which time the shares will be issued, not subject to any further vesting.

(27)
Computed in accordance with SEC rules equal to the number of unvested shares multiplied by the closing market price per share of our Common Stock on December 31, 2015, which was $35.23 per share. The actual value (if any) to be realized by the NEO depends on whether the shares vest and the future performance of our Common Stock.

Synchronoss Technologies 51


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Table of Contents

Option Exercises and Stock Vested

The following table shows the number of shares acquired upon exercise of options by each NEO during the year ended December 31, 2015,2022, and the shares of restricted stock acquiredheld by each named executive officerNEO that vested during the year ended December 31, 2015.

2022.
 
Option Awards
Stock Awards
Name
Number of
Shares
Acquired on
Exercise (#)
Value
Realized on
Exercise
($)(1)
Number of
Shares
Acquired on
Vesting (#)
Value
Realized on
Vesting
($)(1)
Jeffrey Miller
-0-
-0-
127,204
192,557
Taylor Greenwald
-0-
-0-
-0-
-0-
Louis Ferraro
-0-
-0-
14,367
18,915
Christopher Hill
-0-
-0-
29,468
37,475
Patrick Doran
-0-
-0-
68,852
100,349
Christina Gabrys
-0-
-0-
3,822
5,546
(1)
For option awards, value realized on exercise is based on the fair market value of our Common Stock on the exercise date less the exercise price. For stock awards, value realized on vesting is based on the fair market value of our Common Stock on the vesting date. In neither case do the amounts set forth above necessarily reflect proceeds actually received by the NEO. Our NEOs will only realize value on these awards when the underlying shares are sold, which value may differ from the value shown in the table above as it is dependent on the price at which such shares of Common Stock are actually sold.
Employment Agreements
                         

 

  
Option Awards
 
Stock Awards

 

Name

    Number of
Shares
Acquired on
 Exercise (#) 
    Value
Realized on
Exercise
                ($)(1)        
    Number of
Shares
Acquired on
Vesting (#)
    Value
Realized on
Vesting
      ($)(1)      
  

 

Stephen G. Waldis

  168,000  5,507,846  55,954  2,601,350 

 

Karen L. Rosenberger

    4,437    48,630    12,766    573,515  

 

Robert E. Garcia

  107,667  1,600,129  39,358  1,706,644 

 

Daniel Rizer

    13,954    217,993    8,229    358,321  

 

David Schuette

         
Chief Executive Officer

(1)
For optionMr. Miller entered into an employment agreement with the Company in March 2021. Pursuant to his employment agreement, Mr. Miller will be eligible to receive severance benefits if he is subject to an involuntary termination, contingent on him signing and not revoking a general release of all claims against the Company. The employment agreement provides that if prior to the 120 days before, or after 24 months following, the occurrence of a “change in control” (as defined in the employment agreement), Mr. Miller is subject to an “involuntary termination” (as defined in the employment agreement), he shall be eligible to receive a lump-sum severance payment equal to (i) two times the sum of his base salary in effect at the time of termination plus his average bonus received in the immediately preceding two years plus (ii) an amount equal to 24 times the monthly amount the Company was paying on behalf of Mr. Miller and his eligible dependents with respect to the Company’s group health insurance plans in which Mr. Miller and his eligible dependents were participants as of the date of termination. The amount of these severance benefits shall be reduced by the amount of severance pay or pay in lieu of notice that Mr. Miller receives from the Company under any applicable federal or state statute.
The employment agreement also provides that if an involuntary termination occurs within 120 days prior to, or 24 months following, a change in control, Mr. Miller shall be eligible to receive a lump sum severance payment equal to (i) 2.99 times his base salary in effect at the time, (ii) two times his average bonus received in the immediately preceding two years, plus (iii) an amount equal to 24 times the monthly amount the Company was paying on behalf of Mr. Miller and his eligible dependents with respect to the Company’s group health insurance plans in which Mr. Miller and his eligible dependents were participants as of the date of termination. In addition, unless otherwise set forth in the applicable grant agreement, his outstanding stock options, restricted stock awards, value realized isand other equity awards granted by the Company shall accelerate and be fully vested (other than performance-related restricted stock awards that are tied to performance after the change of control). The amount of these severance benefits shall be reduced by the amount of severance pay or pay in lieu of notice that Mr. Miller receives from the Company under any applicable federal or state statute.
In the event of Mr. Miller’s death, Mr. Miller’s estate will receive an amount equal to his target cash incentive bonus for the fiscal year in which such termination occurs (or, if greater, the bonus amount determined based on the fair market value of our Common Stock on exercise date less the exercise price. Forapplicable factors and actual performance for such fiscal year). In addition, all stock options, restricted stock awards value realized is(other than performance-related restricted stock awards), and other time-based equity awards granted by the Company and held by Mr. Miller at the time of his death shall accelerate and be fully vested.
52Synchronoss Technologies

TABLE OF CONTENTS

If Mr. Miller’s employment terminates due to “permanent disability” (as defined in his employment agreement), Mr. Miller will be entitled to receive (i) an amount equal to his target cash incentive bonus for the fiscal year in which such termination occurs (or, if reasonably ascertainable and greater, the bonus amount determined based on the fair market valueapplicable factors and actual performance for such fiscal year), prorated based on the number of days of employment completed during that fiscal year, plus (ii) a lump sum amount equal to 24 times the monthly amount the Company was paying on behalf of Mr. Miller and his eligible dependents with respect to the Company’s group health insurance plans in which Mr. Miller and his eligible dependents were participants as of the date of termination. In addition, (i) all stock options, restricted stock awards (other than performance-related restricted stock awards) and other time-based equity awards granted by the Company and held by Mr. Miller shall accelerate and be fully vested as of the date of Mr. Miller’s termination.
Other Named Executive Officers
Each of Messrs. Ferraro, Hill and Doran and Ms. Gabrys are eligible participants of our Common Stock onTier One Employment Plan (collectively referred to as the vesting date. In neither case do“Employment Arrangements”). Under the amounts set forth above necessarily reflect proceeds actually received by the NEO. Our NEOsEmployment Arrangements, each NEO will not realize the estimated value of these awards until the underlying shares are sold.

Employment Agreements

Effective January 1, 2015, we entered into three-year employment agreements with each of our NEOs, other than Mr. Schuette, which expire on December 31, 2017. Upon joining our Company, Mr. Schuette entered into an agreement which also expires on December 31, 2017. Each employment agreement includes a severance benefit designedbe eligible to promote stability and continuity of our senior management. Our Compensation Committee believes these agreements enhance our ability to retain the services of our NEOs, including in the event of a threatened or actual change in control, appropriately balancing our interests with those of our stockholders. In addition, our Compensation Committee believes that the events triggering payment, are fair hurdles for providing this protection.

Each of our NEOs would receive severance under his or her respective employment agreementbenefits if he or she is subject to an involuntary termination, contingent on the NEO'shim or her signing and not revoking a general release of all claims against us. the Company.

The severance program is provided as a temporary source of income in the event ofEmployment Arrangements provide that if an NEO's involuntary termination of employment.

If prior to, or more than 24 months following, the occurrence of our change in control, any of our NEOs' employmentNEO is subject to an involuntary termination,“involuntary termination” (as defined in the employment agreement) absent a “change in control” (as defined in the employment agreement), he or she shall be eligible to receive a lump-sum severance payment equal to (i) one and one-half times the sum of his or her base salary plusin effect at the time of termination and one and a half times his or her average bonus received in the immediately preceding two years, (twoplus (ii) an amount equal to 12 times such base salarythe monthly amount the Company was paying on behalf of the NEO and average bonustheir eligible dependents with respect to Mr. Waldis). If suchthe Company’s group health insurance plans in which their dependents were participants as of the date of termination. The amount of these severance benefits shall be reduced by the amount of severance pay or pay in lieu of notice that the NEO receives from the Company under any applicable federal or state statute.

The Employment Arrangements also provide that if an involuntary termination occurs within the 120 days prior to or 24 months following oura change in control, the NEO shall be eligible to receive a lump sum severance payment equal to (i) two times his or her base salary in effect at the time (2.99 times such base salary with respect to Mr. Waldis), plusand two times his or her average bonus received in the immediately preceding two years.years, plus (ii) an amount equal to 18 times the monthly amount the Company was paying on behalf of the NEO and their eligible dependents with respect to the Company’s group health insurance plans in which their dependents were participants as of the date of termination. The amount of these severance benefits shall be reduced by the amount of severance pay or pay in lieu of notice that the NEO receives from the Company under any applicable federal or state statute. In addition, his or her outstandingunless otherwise set forth in an applicable grant agreement, all stock options, restricted stock awards (other than performance related restricted stock awards tied to performance after the change in control), and restricted shares will vestother time-based equity awards granted by the Company and become exercisable in full. If an NEO dies or terminates due to permanent disability,held by the NEO orshall accelerate and be fully vested.
In the event of an NEO’s death, his or her estate will receive an amount equal to his or her target cash


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incentive bonus for the fiscal year in which such termination occurs (or, if greater, the bonus amount determined based on the applicable factors and actual performance for such fiscal year). In addition, all stock options, restricted stock awards (other than performance-related restricted stock awards), and other time-based equity awards granted by the Company and held by the NEO at the time of his or her death shall accelerate and be fully vested. If an NEO’s employment terminates due to “permanent disability” (as defined in the Employment Arrangements), he or she will be entitled to receive (i) an amount equal to his or her target cash incentive bonus for the fiscal year in which such termination occurs (or, if reasonably ascertainable and greater, the bonus amount determined based on the applicable factors and actual performance for such fiscal year), prorated based on the number of days of employment completed during that fiscal year.

In addition, ifyear, plus (ii) a lump sum amount equal to 24 times the monthly amount the Company was paying on behalf of the NEO or his or her personal representative elects to continue health insurance coverage under COBRA for him or her and his or her eligible dependents followingwith respect to the terminationCompany’s group health insurance plans in which the NEO and his or her eligible dependents were participants as of the date of termination. In addition, all stock options, restricted stock awards (other than performance-related restricted stock awards), and other time-based equity awards granted by the Company and held by the NEO at the time of his or her employment due to permanent disability or such NEO is subject to an involuntary termination, then we will pay the monthly premium under COBRA until the earliest of the (a) end of the 24-month period following the termination of his or her employment, (b) expiration of his or her continuation coverage under COBRA or (c) date he or she becomes eligible for substantially equivalent health insurance coverage in connection with new employment.

shall accelerate and be fully vested.
Synchronoss Technologies 53

"Involuntary termination" means a (i) discharge without cause (other than due to death or permanent disability) or (ii) resignation following (1) a change in (a) position that materially reduces his or her level of authority or responsibility, (b) his or her compensation, perquisites or benefits, or (2) a relocation of his or her workplace by more than 50 miles.

A "change in control" includes: (i) a merger after which our stockholders own 50% or less of the surviving corporation or its parent company; (ii) a sale of 80% or more of the total gross fair market value of our assets; (iii) a proxy contest that results in the replacement of more than one-half of our directors over a 24 month period; or (iv) an acquisition of 30% or more of our outstanding stock by any person or group, other than a person related to us, such as a holding company owned by our stockholders. None of the NEO employment agreements provide for any tax gross-up provisions, including with respect to a change in control.TABLE OF CONTENTS


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Estimated Payments and Benefits

The table below reflects the potential payments and benefits to which the named executive officersMessrs. Miller, Ferraro, Hill, Doran and Ms. Gabrys would be entitled pursuant to their respective employment agreements.agreements if such executive officer’s employment was terminated effective as of December 31, 2022. Mr. Greenwald’s employment with the Company was terminated on October 10, 2022 when his leave of absence was not mutually extended and he did not receive severance or any other benefit set forth in the Employment Arrangements. There are no agreements, arrangements, or plans that entitle executive officers to severance, perquisites, or other enhanced benefits in connection with the termination of their employment other than the employment agreements. agreements and executive employment plan.
Name
Benefit
Voluntary
Resignation/
Termination
for Cause
($)
Involuntary
Termination
Prior to the 120 days before,
or More Than 24 Months
after, a Change
in Control
($)
Termination
Due to
Death or
Disability
($)
Involuntary
Termination
In the 120 days prior
to or within 24 Months
After a Change
in Control
($)
Jeffrey Miller
Severance(1)
0
1,297,000
500,000
2,089,000
 
Option Acceleration(2)
0
0
0
0
 
Restricted Stock Acceleration(3)
0
0
322,132
322,132
 
Benefit Continuation(4)
0
28,201
28,201
28,201
 
Total Value
0
1,325,201
850,333
2,439,333
Louis Ferraro
Severance(1)
0
725,538
204,167
967,383
 
Option Acceleration(2)
0
0
0
0
 
Restricted Stock Acceleration(3)
0
0
83,811
83,811
 
Benefit Continuation(4)
0
23,457
46,914
35,186
 
Total Value
0
748,995
322,604
1,086,380
Christopher Hill
Severance(1)
0
910,394
385,000
1,213,858
 
Option Acceleration(2)
0
0
0
0
 
Restricted Stock Acceleration(3)
0
0
129,608
129,608
 
Benefit Continuation(5)
0
16,139
32,279
24,209
 
Total Value
0
926,533
546,896
1,367,675
Patrick Doran
Severance(1)
0
812,387
269,500
1,083,183
 
Option Acceleration(2)
0
0
0
0
 
Restricted Stock Acceleration(3)
0
0
129,235
129,235
 
Benefit Continuation(5)
0
20,771
41,543
31,157
 
Total Value
0
833,158
450,278
1,243,575
Christina Gabrys
Severance(1)
0
544,208
145,000
725,610
 
Option Acceleration(2)
0
0
0
0
 
Restricted Stock Acceleration(3)
0
0
44,347
44,347
 
Benefit Continuation(5)
0
0
0
0
 
Total Value
0
544,208
189,966
769,957
(1)
For purposes of valuing cash severance payments in the table above, we used each NEO’s base salary as of December 31, 2022. For purposes of calculating cash severance payments in the table above in the event of an involuntary termination (whether prior to, within 24 months following, or more than 24 months following, a change in control), we used each NEO’s average annual bonuses for 2021 and 2022 and, for purposes of calculating cash severance payments in the table above in the event of a termination due to permanent disability, we used the NEO’s target bonus as of December 31, 2022.
(2)
The value of option acceleration shown in the table above was calculated based on the assumption that the triggering event occurred on December 31, 2022. The value of the vesting acceleration was calculated by multiplying the number of unvested shares subject to each option by the excess of the closing price of our Common Stock on December 30, 2022, the last trading day of the year, over the exercise price of the option.
(3)
The value of restricted stock acceleration shown in the table above was calculated based on the assumption that the triggering event occurred on December 31, 2022. The value of the vesting acceleration was calculated by multiplying the number of unvested shares subject to each restricted stock grant by the closing price of our Common Stock on December 30, 2022, the last trading day of the year, which was $0.62 per share.
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(4)
Amounts reflect 12x the current monthly costs to us of the individual’s health and welfare benefits per year for Involuntary Termination without change in control; 24x the current costs to us of the individual’s health and welfare benefits per year for Death or Disability; 18x the current costs to us of the individual’s health and welfare benefits per year for Termination due to change in control.
Pay Ratio Disclosure
As required by the Dodd-Frank Act and applicable SEC rules, we are providing the following information about the relationship of the annual total compensation of our employees and the annual total compensation of Jeffrey Miller our Chief Executive Officer:
For our fiscal year ended December 31, 2022:
The amounts shownmedian of the annual total compensation of all employees (other than our CEO) was $51,733; and
The annual total compensation of our CEO, as reported in the table below assume that each termination2022 Summary Compensation Table included elsewhere in this Proxy Statement, was effective$2,756,085.
Based on this information the ratio of the annual total compensation of our CEO to the median of the annual total compensation of our employees was 53 to 1.
The above ratio is appropriately viewed as an estimate. To identify the median of the annual compensation of our employees, we reviewed the current base salary and the bonus and long-term incentive compensation targets of our U.S. and non-U.S. employees as of December 31, 2015.

Name
 Benefit Voluntary
Resignation/
Termination
for Cause($)
 Involuntary
Termination
Prior to, or More
Than 24 Months
after, a Change
in Control($)
 Termination
Due to
Death or
Disability($)
 Involuntary
Termination
Within 24 Months
After a Change
in Control($)
 
Stephen G. Waldis Severance(1)  -0-  2,964,907  650,282  3,550,160 
  Option Acceleration(2)  -0-  -0-  -0-  227,806 
  Restricted Stock Acceleration(3)  -0-  -0-  -0-  4,074,631 
  Accrued Vacation(4)  11,369  11,369  11,369  11,369 
  Benefit Continuation(5)  -0-  25,505  25,505 (6) 25,505 
  Total Value $11,369 $3,001,781 $687,155 $7,889,471 
Karen L. Rosenberger Severance(1)  -0-  745,580  198,000  1,161,159 
  Option Acceleration(2)  -0-  -0-  -0-  13,771 
  Restricted Stock Acceleration(3)  -0-  -0-  -0-  985,771 
  Accrued Vacation(4)  6,346  6,346  6,346  6,346 
  Benefit Continuation(5)  -0-  25,505  25,505 (6) 25,505 
  Total Value $6,346  777,431 $229,851 $2,192,552 
Robert E. Garcia Severance(1)  -0-  1,125,546  349,673  1,814,001 
  Option Acceleration(2)  -0-  -0-  -0-  136,629 
  Restricted Stock Acceleration(3)  -0-  -0-  -0-  2,657,258 
  Accrued Vacation(4)  8,406  8,406  8,406  8,406 
  Benefit Continuation(5)  -0-  25,505  25,505 (6) 25,505 
  Total Value $8,406 $1,159,457 $383,584 $4,641,799 
Daniel Rizer Severance(1)  -0-  928,825  231,472  1,471,865 
  Option Acceleration(2)  -0-  -0-  -0-  34,904 
  Restricted Stock Acceleration(3)  -0-  -0-  -0-  1,297,133 
  Accrued Vacation(4)  7,419  7,419  7,419  7,419 
  Benefit Continuation(5)  -0-  20,627  20,627 (6) 20,627 
  Total Value $7,419  956,871 $259,518 $2,831,948 
David Schuette Severance(1)  -0-  525,000  146,666  866,666 
  Option Acceleration(2)  -0-  -0-  -0-  -0- 
  Restricted Stock Acceleration(3)  -0-  -0-  -0-  1,939,024 
  Accrued Vacation(4)  3,526  3,526  3,526  3,526 
  Benefit Continuation(5)  -0-  24,169  24,169 (6) 24,169 
  Total Value $3,526 $552,694 $174,361 $2,833,384 
(1)
For2022. Out of our approximately 1,398 employees, approximately 707 of our employees are located in India. Once we identified our “median employee,” using the methodology described above, we determined that employee’s annual total compensation in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K for purposes of valuing cash severance paymentscalculating the required pay ratio.
Synchronoss Technologies 55

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Pay Versus Performance
As required by Section 952(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and our financial performance for each of the last three completed fiscal years. In determining the “compensation actually paid” to our NEOs, we are required to make various adjustments to amounts that have been previously reported in the table above,Summary Compensation Table in previous years, as the SEC’s valuation methods for this disclosure differ from those required in the Summary Compensation Table. For our NEOs other than our Principal Executive Officer (our “PEO”), compensation is reported as an average.

Year
Summary
Compensation
Table Total for
First PEO(1)
$
Summary
Compensation
Table Total for
Second PEO(2)
$
Compensation
Actually Paid
to First PEO(3)(4)
$
Compensation
Actually Paid
to Second PEO(3)(4)
$
Average
Summary
Compensation
Table Total for
Non-PEO NEOs(5)
Average
Compensation
Actually Paid to
Non-PEO
NEOs(4)(6)
Value of Initial
Fixed $100 Investment on
December 31, 2019 Based on:
Net
Income
($m)
Operating Income
(9)
($m)
Total
Shareholder
Return(7)
Peer Group
Total
Shareholder
Return(8)
2022
2,756,085
n/a
-17,242,931
n/a
1,143,767
-7,068,589
13
133
-7.7
1.3
2021
4,647,924
n/a
-1,006,157
n/a
1,492,555
1,635,495
51
207
-23.1
-19.0
2020
1,415,614
4,572,180
719,085
-51,556,202
1,414,545
-2,728,264
99
150
-10.4
-48.1
(1)
Jeffrey Miller has served as our PEO since September 2020. The dollar amounts reported in this column are the amounts of total compensation reported for Mr. Miller in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(2)
Glenn Lurie served as our PEO from November 2017 to September 2020. The dollar amounts reported in this column are the amounts of total compensation reported for Mr. Miller in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(3)
In accordance with SEC rules, the following adjustments were made to determine the compensation actually paid to our PEO during fiscal years 2022, 2021 and 2020, which consisted solely of adjustments to the PEO’s equity awards:

 
2022
2021
2020
 
First PEO
First PEO
First PEO
Second PEO
Reported Summary Compensation Table Total ($)
2,756,085
4,647,924
1,415,614
4,572,180
Reported Summary Compensation Table Stock Award Value ($)
-143,856
-3,293,156
-600,000
-3,000,000
Reported Summary Compensation Table Option Award Value ($)
-485,229
-603,768
-113,857
-1,000,000
Change in fair value of Equity granted prior to covered year that Vested during covered FY ($)
+1,152,298
-994,456
-632,989
-18,462,100
Change in fair value of Unvested Equity at FYE granted prior to the covered FY ($)

-22,145,423
-4,036,294
-87,114
-261,839
Fair value of Unvested Equity at FYE granted during the covered FY ($)
+1,623,195
+3,273,593
+737,432
0
Fair value of Awards that were Forfeited during the Applicable FY ($)
0
0
0
-33,404,444
Compensation Actually Paid ($)
-17,242,931
-1,006,157
719,085
-51,556,202
(4)
For performance-based restricted cash units, the grant date fair value of awards used for Summary Compensation Table calculations assumes target performance. To determine the year-end fair values used in the Compensation Actually Paid calculations, we have updated the performance expectations to reflect the latest performance estimates for unvested and outstanding awards at each fiscal year end date.
For stock options awards, updated market input assumptions (stock price, risk free interest rate, volatility, expected term, and future dividend yield expectations) have been used each executive officer's base salary and target bonusto determine the fair values of outstanding awards as of the identified vesting dates and the relevant fiscal year end dates using the Black Scholes Merton option pricing model.
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(5)
The non-PEO NEOs for each year reported are as follows:

Year
NEOs included in Average
2022
Louis Ferraro, Christopher Hill, Patrick Doran, Christina Gabrys, Taylor Greenwald
2021
Taylor Greenwald, Christopher Hill, Patrick Doran, Louis Ferraro, Ronald Prague, David Clark
2020
David Clark, Christopher Hill, Patrick Doran, Ronald Prague, Mary Clark
The dollar amounts reported in this column represent the average of the amounts reported for the non-PEO NEOs in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(6)
In accordance with SEC rules, the following adjustments were made to determine the compensation actually paid on average to our non-PEO NEOs during fiscal years 2022, 2021 and 2020, which consisted solely of adjustments to the non-PEO NEOs’ equity awards:
 
2022
2021
2020
 
Avg NEO
Avg NEO
Avg NEO
Reported Summary Compensation Table Total ($)
1,143,767
1,492,555
1,414,545
Reported Summary Compensation Table Stock Award Value ($)
-459,896
-697,541
-552,000
Reported Summary Compensation Table Option Award Value ($)
-153,299
-151,601
-234,804
Change in fair value of Equity granted prior to covered year that Vested during covered FY ($)
+115,754
-137,824
-1,995,008
Change in fair value of Unvested Equity at FYE granted prior to the covered FY ($)
-8,206,868
-509,989
-66,998
Fair value of Unvested Equity at FYE granted during the covered FY ($)
+491,952
+1,639,896
+542,938
Fair value of Awards that were Forfeited during the Applicable FY ($)
0
0
-1,836,937
Compensation Actually Paid ($)
-7,068,589
1,635,495
-2,728,264
(7)
Calculated in the same manner as required under Item 201(e) of Reg S-K, measuring the TSR from the market close on the last trading day before the earliest fiscal year in table through to and including the end of the fiscal year for which TSR is calculated.
(8)
The peer group TSR represents the Nasdaq Computer Index (IXHC) in line with the stock performance chart on page 44 in our 10-K.
(9)
Operating Income is a GAAP financial measure.
Synchronoss Technologies 57

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Descriptions between Compensation Actually Paid and Total Shareholder Return
The following graph provides an illustration of the relationship between Compensation Actually Paid and the total shareholder return of Synchronoss and the Nasdaq Computer Index.
graphic
(1)
PEO data for 2022 and 2021 represent the compensation actually paid to Jeffrey Miller only in those years. 2020 PEO data includes a bar for Jeffrey Miller’s compensation actually paid in the year and a bar for Glenn Lurie’s compensation actually paid in the year.
Descriptions between Compensation Actually Paid and Net Income
The following graph reflects the relationship between the PEO and average non-PEO NEO compensation “actually paid” and the Company’s net income for the fiscal years ended December 31, 2015.

(2)
2022, 2021 and 2020. While we are required by SEC rules to disclose the relationship between our net income and compensation “actually paid” to our NEOs, this is not a metric our compensation committee currently uses in evaluating our NEOs’ compensation.
graphic
(1)
PEO data for 2022 and 2021 represent the compensation actually paid to Jeffrey Miller only in those years. 2020 PEO data includes a bar for Jeffrey Miller’s compensation actually paid in the year and a bar for Glenn Lurie’s compensation actually paid in the year.
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Descriptions between Compensation Actually Paid and Operating Income
The value of option acceleration shown infollowing graph reflects the table above was calculated based onrelationship between the assumption thatPEO and average non-PEO NEO compensation “actually paid” and the triggering event occurred onCompany’s Operating Income for the fiscal years ended December 31, 2015. 2022, 2021 and 2020.
graphic
(1)
PEO data for 2022 and 2021 represent the compensation actually paid to Jeffrey Miller only in those years. 2020 PEO data includes a bar for Jeffrey Miller’s compensation actually paid in the year and a bar for Glenn Lurie’s compensation actually paid in the year.
Most Important Performance Measures
The value oftable below represents the vesting acceleration was calculated by multiplying the number of unvested shares subject to each optionmost important financial performance measures used by the excess of the closing price ofCompany to link compensation actually paid to our Common Stock on December 31, 2015, over the exercise price of the option.

(3)
The value of restricted stock acceleration shownnamed executive officers to Company performance for FY22, as discussed further in the table above was calculated based on the assumption that the triggering event occurred on December 31, 2015. The value of the vesting acceleration was calculated by multiplying the number of unvested shares subject to each restricted stock grant by the closing price of our Common Stock on December 31, 2015.

(4)
Based on each executive officer's base salary in effectCompensation Discussion and the number of accrued but unused vacation days as of December 31, 2015.

(5)
Amounts reflect two times the current cost to us of the individual's health and welfare benefits per year.

(6)
Only payable in the event of a disability.
Analysis (CD&A) above.

Operating Income
Revenue
Adjusted Free Cash Flow
Adjusted EBITDA
Synchronoss Technologies 59

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Report of the Audit Committee(1)

Committee(1)

The Audit Committee of the Board consists of the three non-employee directors named below. The Board annually reviews the Nasdaq listing standards'standards’ definition of independence for audit committee members and has determined that each member of the Audit Committee meets that standard. The Board has also determined that each of Donnie M. Moore and Thomas HopkinsLaurie Harris is an audit committee financial expert as described in applicable rules and regulations of the Securities and Exchange Commission.

The principal purpose of the Audit Committee is to assist the Board in its general oversight of the Company'sCompany’s accounting and financial reporting processes and audits of the Company'sCompany’s financial statements. The Audit Committee is responsible for selecting and engaging the Company'sCompany’s independent registered public accounting firm and approving the audit and non-audit services to be provided by the independent registered public accounting firm. The Audit Committee'sCommittee’s function is more fully described in its Charter,charter, which the Board has adopted and which the Audit Committee reviews on an annual basis.

The Company'sCompany’s management is responsible for preparing the Company'sCompany’s financial statements and the Company'sCompany’s financial reporting process. Ernst & Young LLP, the Company'sCompany’s independent registered public accounting firm, is responsible for performing an independent audit of the Company'sCompany’s consolidated financial statements and expressing an opinion on the conformity of those financial statements with U.S. generally accepted accounting principles.principles as well as expressing an opinion on the effectiveness of our internal control over financial reporting as of December 31, 2022. The Audit Committee has reviewed and discussed with the Company'sCompany’s management the audited financial statements of the Company included in the Company'sCompany’s Annual Report on Form 10-K for the fiscal year ended December 31, 20152022 (the "10-K"10-K).

The Audit Committee has also reviewed and discussed with Ernst & Young LLP the audited financial statements in the 10-K. In addition, the Audit Committee discussed with Ernst & Young LLP those matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board and the Securities and Exchange Commission. Statement on Auditing Standards No. 61, as amended or supplemented, entitled "Communications“Communications with Audit Committees." Additionally, Ernst & Young LLP provided to the Audit Committee the written disclosures and the letter required by Rule 3526the applicable requirements of the Public Company Accounting Oversight Board (Communications with Audit Committees Concerning Independence).Board. The Audit Committee also discussed with Ernst & Young LLP its independence from the Company.

Based upon the review and discussions described above, the Audit Committee recommended to our Board of Directors that the audited financial statements as of December 31, 2022 be included in the 10-K for filing with the United States Securities and Exchange Commission.

Submitted by the following members of the Audit Committee:

Donnie M. Moore, Chairman
William J. Cadogan
Thomas J. Hopkins


(1)
The material in this report is not "soliciting material," is not deemed "filed"
Laurie L. Harris, Chair
Kristin S. Rinne
Martin F. Bernstein
(1)
The material in this report is not “soliciting material,” is not deemed “filed” with the SEC and is not to be incorporated by reference in any filing of Synchronoss Technologies, Inc. under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
60Synchronoss Technologies Inc. under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.


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Equity Security Ownership of Certain Beneficial Owners and Management

The following table sets forth certain information as of April 6, 2016 with respectknown to theus regarding beneficial ownership of our Common Stock byas of April 17, 2023 by:
Each person, or group of affiliated persons, who is known to us to own beneficially more than 5%five percent (5%) of our Common Stock, eachStock;
Each of our directors, our NEOs, and allnamed executive officers;
Each of our current directors; and
All of our current directors and executive officers and directors as a group. We have no other class of equity securities outstanding.

The table below is based upon information supplied by executive officers, directors and principal stockholders and Schedule 13Gs and 13Ds filed with the SEC through April 17, 2023.
As of March 23, 2016, 45,204,451April 17, 2023, 93,495,028 shares of our Common Stock were outstanding. The amounts and percentages of our Common Stock beneficially owned are reported on the basis of regulations of the Securities and Exchange Commission ("SEC")SEC governing the determination of beneficial ownership of securities. The information does not necessarily indicate beneficial ownership for any other purposes. Under the SEC rules, a person is deemed to be a "beneficial owner"“beneficial owner” of a security if that person has or shares "voting“voting power," which includes the power to vote or direct the voting of such security, or "investment“investment power," which includes the power to dispose of or to direct the disposition of such security. A person is also deemed to be a beneficial owner of any securities of which that person has a right to acquire beneficial ownership within 60 days. Under these rules, more than one person may be deemed a beneficial owner of securities as to which such person has no economic interest.

 

 

Name of Beneficial Owner (*)




Beneficially
Owned (1)


Percent
(2)


​  

 

Stephen G. Waldis

 935,101(3)2.0% 

 

 

James M. McCormick

  3,125,561(4)6.9%  

​  

 

William J. Cadogan

 344,852(5)** 

 

 

Charlie E. Hoffman

  85,378(6)**  

​  

 

Thomas J. Hopkins

 84,678(7)** 

 

 

Donnie M. Moore

  96,092(8)**  

​  

 

Karen L Rosenberger

 45,280(9)** 

 

 

Robert E. Garcia

  131,109(10)**  

​  

 

Daniel Rizer

 49,115(11)** 

 

 

David Schuette

  55,039(12)**  

​  

 

All executive officers and directors as a group (15 persons)

 5,114,473(13)11.0% 

 

 

FMR LLC, 82 Devonshire Street, Boston, MA 02109

  3,280,157(14)7.3%  

​  

 

Blackrock, Inc., 40 East 52nd Street, New York, NY 10022

 3,832,174(15)8.5% 

 

 

Oak Ridge Investments LLC, 10 S. LaSalle St., Chicago, IL 60603

  2,554,166(16)5.7%  

​  

 

RBC Global Asset Management (US) Inc.,
50 So. Sixth St., Minneapolis, MN 55402


 
2,616,977(17)5.8% 

 

 

The Vanguard Group, 100 Vanguard Blvd., Malvern, PA 19355

  2,887,460(18)6.4%  

*
Unless Except as otherwise indicated,set forth below, the street address of eachthe beneficial owner is c/o Synchronoss Technologies, Inc., 200 Crossing Boulevard, 8th Floor, Bridgewater, NJ 08807.

**
 
Common Stock
Beneficially Owned(1)
Name
Shares
%
B. Riley Financial, Inc.(2)
13,004,101
13.9
180 Degree Capital Corp.(3)
7,822,738
8.4
Allspring Global Investments, LLC(4)
5,348,259
5.7
Directors, Current Executive Officers and Named Executive Officers
 
 
Stephen Waldis(5)
983,463
1.1
Jeffrey Miller(6)
1,588,372
1.7
Christopher Hill(7)
623,400
*
Patrick Doran(8)
813,483
*
Louis Ferraro Jr.(9)
382,518
*
Christina Gabrys(10)
177,473
*
Kristin Rinne(11)
344,234
*
Mohan Gyani(12)
312,318
*
Laurie Harris(13)
349,961
*
Martin Bernstein(14)
378,277
*
All current executive officers and directors as a group
(11 persons)(15)
6,102,857
6.5
*
Less than 1%
(1)
Does not include 70,700 shares of Series B Preferred Stock, which are non-voting and non-convertible.
(2)
B. Riley Financial, Inc. beneficially owns 12,080,499 shares of Common Stock, with shared voting power with respect to 12,080,499 of such shares and shared dispositive power with respect to 12,080,499 of such shares. Bryant R. Riley beneficially owns 13,004,101 shares of Common Stock, with sole voting power with respect to 923,602 of such shares, sole dispositive power with respect to 923,602 of such shares, with shared voting power with respect to 12,080,499 of such shares and shared dispositive power with respect to 12,080,499 of such shares. Bryant R. Riley may be deemed to indirectly beneficially own 923,602 shares of Common Stock, of which (i) 913,774 shares received upon distribution from a limited
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partnership are held jointly with his wife, Carleen Riley, (ii) 2,457 shares received upon distribution from a limited partnership are held as sole custodian for the benefit of Abigail Riley, (iii) 2,457 shares received upon distribution from a limited partnership are held as sole custodian for the benefit of Charlie Riley, (iv) 2,457 shares received upon distribution from a limited partnership are held as sole custodian for the benefit of Eloise Riley and (iv) 2,457 shares received upon distribution from a limited partnership are held as sole custodian for the benefit of Susan Riley. Bryant R. Riley may also be deemed to indirectly beneficially own the 12,080,499 shares of Common Stock outstanding asheld directly by B. Riley Financial, Inc. Bryant R. Riley disclaims beneficial ownership of March 23, 2016.

(1)
Represents sum of shares owned and shares which may be purchased upon exercise of options exercisable within 60 days of March 23, 2016.

(2)
Any shares not outstanding which are subject to options exercisable within 60 days of March 23, 2016 are deemed outstanding for the purpose of computing the percentage of outstanding shares owned by any

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    person holding such shares but are not deemed outstanding for the purpose of computing the percentage of shares owned by any other person.

(3)
Includes 101,845 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 498,259 shares subject to options exercisable within 60 days of March 23, 2016. Excludes 187,400 shares subject to options not exercisable within 60 days of March 23, 2016.

(4)
Includes 870,000 shares held by Vertek Corporation, of which Mr. McCormick is the Chief Executive Officers and sole stockholder. Mr. McCormick exercises sole voting and dispositive power with respect to such shares. Includes 6,670 shares of restricted common stock subjectB. Riley Financial, Inc. in each case except to the Company's lapsing rightextent of repurchase. Includes 75,000 shares subject to options exercisable within 60 days ofhis pecuniary interest therein. The address for B. Riley Financial and Bryant R. Riley is 111000 Santa Monica Boulevard, Suite 800, Los Angeles, CA 90025. The foregoing information is based on a Schedule 13D filed by B. Riley Financial, Inc. and Bryant R. Riley on March 23, 2016. Excludes 15,000 shares subject to options not exercisable within 60 days of March 23, 2016.

(5)
Includes 6,670 shares of restricted common stock13, 2023.
(3)
180 Degree Capital Corp. beneficially owns 7,822,738 shares of Common Stock, with shared voting power with respect to 7,822,738 of such shares and shared dispositive power with respect to 7,822,738 of such shares. 180 Degree Capital Corp. disclaims beneficial ownership of 2,355,657 of these shares that are beneficially owned by a separately managed account (“SMA”). 180 Degree Capital Corp. has shared dispositive and voting power over these shares through its position as Investment Manager of the SMA. 180 Degree Capital Corp. disclaims beneficial ownership of these shares owned by SMA except for its pecuniary interest therein. The address for 180 Degree Capital Corp. is 7 N. Willow Street, Suite 4B, Montclair, New Jersey 07042. The foregoing information is based on a Schedule 13G filed by 180 Degree Capital Corp. on February 14, 2023.
(4)
Allspring Global Investments Holdings, LLC. beneficially owns 5,348,259 shares of Common Stock, with sole voting power with respect to 5,153,222 of such shares and sole dispositive power with respect to 5,348,259of such shares. Allspring Global Investments, LLC has sole voting power with respect to 825,722 of such shares with sole dispositive power with respect to 5,339,023 of such shares. The address for Allspring Global Investments Holdings, LLC is 525 Market Street, 10th Floor, San Francisco, CA 94105. The foregoing information is based on a Schedule 13G filed by Allspring Global Investments Holdings, LLC on January 12, 2023.
(5)
Includes 332,935 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Excludes 9,248 shares subject to options not exercisable within 60 days of April 17, 2023.
(6)
Includes 944,434 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Includes 1,241 shares subject to options exercisable within 60 days of April 17, 2023. Excludes 501,951 shares subject to options not exercisable within 60 days of April 17, 2023.
(7)
Includes 321,421 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Excludes 204,333 shares subject to options not exercisable within 60 days of April 17, 2023.
(8)
Includes 348,121 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Includes 1,241 shares subject to options exercisable within 60 days of April 17, 2023. Excludes 185,921 shares subject to options not exercisable within 60 days of April 17, 2023.
(9)
Includes 240,169 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Excludes 135,269 shares subject to options not exercisable within 60 days of April 17, 2023.
(10)
Includes 133,343 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Excludes 67,025 shares subject to options not exercisable within 60 days of April 17, 2023.
(11)
Includes 222,023 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Excludes 6,165 shares subject to options not exercisable within 60 days of April 17, 2023.
(12)
Includes 222,023 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Excludes 6,165 shares subject to options not exercisable within 60 days of April 17, 2023.
(13)
Includes 222,023 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Excludes 6,165 shares subject to options not exercisable within 60 days of April 17, 2023.
(14)
Includes 212,775 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Excludes 20,000 shares subject to options not exercisable within 60 days of April 17, 2023.
(15)
Includes 3,302,617 shares of restricted Common Stock subject to the Company’s lapsing right of repurchase. Includes 2,482 shares subject to options exercisable within 60 days of April 17, 2023. Excludes 1,194,492 shares subject to options not exercisable within 60 days of April 17, 2023.
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Related Party Transactions
In addition to the Company's lapsing rightcompensation arrangements with our directors and executive officers described elsewhere in this proxy statement, the following is a description of repurchase. Includes 50,000 shares held by Barbara Cadogan, Mr. Cadogan's wife. Includes 85,000 shares subject to options exercisable within 60 days of March 23, 2016. Excludes 15,000 shares subject to options not exercisable within 60 days of March 23, 2016.

(6)
Includes 6,670 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 75,000 shares subject to options exercisable within 60 days of March 23, 2015. Excludes 15,000 shares subject to options not exercisable within 60 days of March 23, 2016.

(7)
Includes 6,670 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 85,000 shares subject to options exercisable within 60 days of March 23, 2016. Excludes 15,000 shares subject to options not exercisable within 60 days of March 23, 2016.

(8)
Includes 6,670 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 70,000 shares subject to options exercisable within 60 days of March 23, 2016. Excludes 15,000 shares subject to options not exercisable within 60 days of March 23, 2016.

(9)
Includes 28,425 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 4,106 shares subject to options exercisable within 60 days of March 23, 2016. Excludes 29,219 shares subject to options not exercisable within 60 days of March 23, 2016.

(10)
Includes 31,568 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 115,209 shares subject to options exercisable within 60 days of March 23, 2016. Excludes 115,304 shares subject to options not exercisable within 60 days of March 23, 2016.

(11)
Includes 42,487 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 17,500 shares subject to options exercisable within 60 days of March 23, 2016. Excludes 56,082 shares subject to options not exercisable within 60 days of March 23, 2016.

(12)
Includes 14,771 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 14,561 shares subject to options exercisable within 60 days of March 16, 2015. Excludes 26,461 shares subject to options not exercisable within 60 days of March 16, 2015.

(13)
Includes 373,091 shares of restricted common stock subject to the Company's lapsing right of repurchase. Includes 1,162,994 shares subject to options exercisable within 60 days of March 23, 2016. Excludes 617,805 shares subject to options not exercisable within 60 days of March 16, 2015.

(14)
Information on the holdings of FMR LLC includes the holdings of Fidelity Management & Research Company ("Fidelity Management"),each transaction since January 1, 2022 and is taken from its Schedule 13G filed on January 11, 2016. Edward C. Johnson 3d and FMR LLC, through its control of Fidelity Management, have sole power to dispose of the shares. Members of the family of Edward C. Johnson 3d, Chairman of FMR LLC, are the predominant owners, directlyeach currently proposed transaction, arrangement or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B stockholders have entered into a stockholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting

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    common shares and the execution of the stockholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. Neither FMR LLC nor Edward C. Johnson 3d, Chairman of FMR LLC, has the sole power to vote or direct the voting of the shares owned directly by the Fidelity Funds, which power resides with the Funds' Boards of Trustees. Fidelity carries out the voting of the shares under written guidelines established by the Funds' Boards of Trustees.

(15)
Information on the holdings of BlackRock, Inc. includes the holdings of BlackRock Institutional Trust Company, N.A., BlackRock Fund Advisors, BlackRock Asset Management Canada Limited, BlackRock Asset Management (Australia) Limited, BlackRock Advisors, LLC, BlackRock Asset Management Ireland Limited, BlackRock Investment Management, LLC, BlackRock Advisors (UK) Limited, BlackRock Investment Management (UK) Limited and BlackRock International Limited, and is taken from its Schedule 13G filed on January 27, 2016.

(16)
Information on the holdings of Oak Ridge Investments LLC is taken from its Schedule 13G filed on February 8, 2016.

(17)
Information on RBC Global asset Management (US) Inc. is taken from its Schedule 13G filed on February 10, 2016.

(18)
Information on the holdings of The Vanguard Group is taken from its Schedule 13G filed on February 10, 2016. Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The Vanguard Group, Inc., is the beneficial owner of 83,377 shares of our Common Stock as a result of its serving as investment manager of collective trust accounts. Vanguard Investments Australia, Ltd., a wholly-owned subsidiary of The Vanguard Group, Inc., is the beneficial owner of 4,400 shares of our Common Stock as a result of its serving as investment manager of Australian investment offerings.

Certain Related Party Transactions

Transactions, arrangements or relationshipsrelationship in which we were, are or will be a participant and the amount involved exceeds $120,000, and in which any related person had, has or will have a direct or indirect material interestinterest. Such transactions, arrangements or relationships are subject to review, approval or ratification by our Board or a committee composed of members of our Board. Our Audit Committee has the principal responsibility for reviewing related person transactions pursuant to written policies and procedures adopted by our Board, subject to specified exceptions and other than those that involve compensation. In conformance with regulations of the SEC, these policies and procedures define related persons to include our executive officers, our directors and nominees to become a director of our Company, any person who is known to us to be the beneficial owner of more than 5% of any class of our voting securities, any immediate family member of, or person sharing the household with, any of the foregoing persons, and any firm, corporation or other entity in which any of the foregoing persons is employed, is a general partner or in which such person has a 5% or greater beneficial ownership interest. As set forth inIn accordance with our policies and procedures, it is our general policy that related person transactions shall be consummatedcompleted or shall continue only if approved or ratified by our Audit Committee or the disinterested members of our Board and only if the terms of the transaction are determined to be in, or not to be inconsistent with, the best interests of our Company and our stockholders. The approval of our Compensation Committee is required to approve any transaction that involves compensation to our directors and executive officers. This approval process does not apply to any transaction that is available to all of our employees generally.

During 2015,

Cash Merger Transaction Proposal

On March 10, 2023, we engaged Meeker Sharkey asreceived a non-binding proposal from B. Riley Financial, Inc. (“B. Riley”) to acquire all outstanding shares of our insurance brokerCommon Stock for a price of $1.15 per share, payable in cash (the “B. Riley Proposal”). B. Riley, together with its affiliates, owns approximately 13.9% of our officersoutstanding Common Stock and directors, commercial liability and health benefits insurance. Thomas Sharkey, Jr., a principal of Meeker Sharkey, is the brother in law of James M. McCormick, a memberlargest holder of our Board. During 2015, we paid Meeker


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Sharkey $452,524. In addition to any value received by Mr. Sharkey, Jr. by virtue of his minority ownership interest in Meeker Sharkey, he received a commission from Meeker Sharkey in connection with our insurance policies. Our Audit Committee approved our engagement of Meeker Sharkey as our insurance broker as a related party transaction. During 2015, we acquired certain contract rights from Slide 3 Advisors, LLC for approximately $1.2 million. David Schuette,Common Stock. B. Riley also nominated one of our NEOs was the majority owner of Slide 3 Advisors at the time of the acquisition. Other than these engagements, there were no other transaction or series of similar transactionsdirectors pursuant to which we were or are a party in which the amount involved exceeded or exceeds $120,000pre-existing agreement with us.


Consistent with its fiduciary duties and in which anyconsultation with its advisors, our Board will carefully review the B. Riley Proposal to determine the course of action that it believes will maximize value for our directors, executive officers, holders of more than 5% of any class of our voting securities, or any member of the immediate family of any of the foregoing persons, had or will have a direct or indirect material interest, other than compensation arrangements, which are described where required under "Executive Compensation" and "Director Compensation."stockholders.

Section 16(a) Beneficial Ownership Reporting Compliance

We believe that, during the fiscal year ended December 31, 2015, our directors, NEOs, and greater than 10% stockholders complied with all applicable Section 16(a) filing requirements. In making these statements, we have relied upon a review of the copies of Section 16(a) reports furnished to us and the written representations of our directors, NEOs, and certain of our greater than 10% stockholders.

Other Matters

Our Board does not intend to bring any other business before the meeting, and so far as is known to the Board, no matters are to be brought before the meeting except as specified in the notice of the meeting. In addition to the scheduled items of business, the meeting may consider stockholder proposals whichthat are timely and comply with the provisions of our amended and restated bylaws (including proposals omitted from the Proxy Statement and form of Proxy pursuant to the proxy rules of the SEC) and matters relating to the conduct of the meeting. As to any other business that may properly come before the meeting, it is intended that proxies will be voted in respect thereof in accordance with the judgment of the persons voting such proxies.
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ELECTION OF DIRECTORS

The Board Recommends you vote FOR the election of director nominees

Our Board currently consists of six directors divided into three classes with staggered three-year terms. Charles E. Hoffman has informed the Company that he will not stand for re-election at the Annual Meeting in order to devote his full time and efforts to his other commitments. Following the Annual Meeting, the size of our Board is expected to be decreased to five directors and there will be two Class II directors. Your proxy cannot be voted for a greater number of persons than the number of nominees named in this proxy statement.Proxy Statement. Each director who is nominated for election to our Board this year as Class II directors, his or her age as of April 6, 2016, his17, 2022, the position and office held with us and certain biographical information are set forth below. Each directorThe two directors to be elected will hold office until the 20182026 Annual Meeting of Stockholders and until his or her successor is elected, or until his or her death, resignation or removal. Each nominee listed below is currently a director of our Company who was previously elected by the stockholders. It is our policy to encourage nominees for director to attend the Annual Meeting.

Directors All of our then serving directors attended our 2022 Annual Meeting of Stockholders.

Our directors are elected by a plurality of the votes cast at the Annual Meeting, meaning that the two nominees receiving the most "For" voting“For” votes (among votes properly cast in personat the Annual Meeting or by proxy) will be elected. An instruction to "Withhold"“Withhold” authority to vote for a nominee will result in the nominee receiving fewer votes but will not count as a vote against the nominee. Abstentions and "broker non-votes"“broker non-votes” (i.e., shares held by a broker or nominee that are represented at the meeting, but with respect to which suchthe broker or nominee is not instructed to vote on a particular proposal and does not have discretionary voting power) will have no effect on the outcome of the election of a candidate for director. Because the election of a director is not a matter on which a broker or other nominee is generally empowered to vote, broker non-votes are expected to exist in connection with this matter. Shares represented by executed proxies will be voted, if authority to do so is not withheld, for the election of the nomineesnominee named below. If eitherany nominee becomes unavailable for election as a result of an unexpected occurrence, your shares will be voted for the election of a substitute nominee proposed by our current Board, if any. Each nominee for election has agreed to serve if elected. We have no reason to believe that eitherany nominee will be unable to serve.

BOARD OF DIRECTOR QUALIFICATIONS.COMPOSITION
The following table includes the name, age, position, class and term expiration year for each of our directors and is current as of the date of this Proxy Statement.
Name
Age
Position
Class
Term
Expiration
Year
Laurie Harris
64
Director
Class I
2025
Jeffrey Miller
59
President, CEO and Director
Class I
2025
Kristin S. Rinne
68
Director
Class II
2023
Martin F. Bernstein
36
Director
Class II
2023
Mohan Gyani
71
Director
Class III
2024
Stephen G. Waldis
55
Executive Chair of the Board
Class III
2024
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DIRECTOR QUALIFICATIONS
The following paragraphs provide information as of the date of this proxy statementProxy Statement about each member of our Board, including the nominees. The information presented includes information each director has provided about his age, positions he currently holds, his business experience for at least the past five years, other publicly-held companies, if any, of which he currently serves as a director or has served as a director during the past five years, and involvement in certain legal or administrative proceedings, if applicable. In addition to the information presented below regarding each director'sdirector’s experience and qualifications that lead our Board to the conclusion that he or she should serve as a director of our Company in light of our business and structure, we also believe that all of our directors have a reputation for integrity and adherence to high ethical standards. Each of our directors has demonstrated business acumen and an ability to exercise sound judgment, as well as a commitment to our Company and our Board.


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DIRECTOR NOMINEES

DIRECTOR NOMINEES

The Board of Directors recommends that stockholders vote"FOR" each of “FOR” the nominees:

two nominees listed below:




PHOTO

graphic

KRISTIN S RINNE
Director Since: 2000

Age: 56

Founder

2018
Synchronoss
Committees:
• Audit
• Nominating/Corporate
Governance (Chair)
• Compensation
• Business Development


James M. McCormick

James M. McCormick

Kristin S. Rinne held various senior positions at AT&T, including heading the company’s networks technologies organization, until she retired in 2014. Ms. Rinne brought early leadership in deploying GSM technology in the United States, setting the stage for the success of the 3GPP family of technologies. Ms. Rinne formerly held the positions of CTO of Cingular Wireless, vice president of technology strategy for SBC Wireless and managing director of operations at Southwestern Bell Mobile Services. Her contributions to the industry also include serving as chairperson of the Board of Governors at 3G Americas, LLC, and the Alliance for Telecommunications Industry Solutions (ATIS). Ms. Rinne is a founder of Synchronoss, has been a member of our Board since our inception“Women in 2000 and servedTechnology Hall-of-Famer”, as our Treasurer from September 2000 until December 2001. Mr. McCormick is founder and Chief Executive Officer of Vertek Corporation. Prior to founding Vertek in 1988, Mr. McCormick waswell as a member of the Technical Staff“Wireless Hall of Fame,” and was named among Fierce Wireless’ “Top 10 Most Influential Women in Wireless” list from 2011 through 2014. She sits on the board of directors for Ericsson LM Telephone Co and serves as the Chair of the technology and science committee, as well as sitting on the Board of Trustees at AT&T Bell Laboratories. Mr. McCormick receivedWashburn University Foundation. Ms. Rinne holds a Bachelor of Sciencebachelor’s degree in computer science from the University of Vermont and a master of science degree in computer science from the University of California — Berkeley.Washburn University. Our Board believes Mr. McCormick'sMs. Rinne’s qualifications to sit on our Board include his over 25 yearsher extensive experience in the consulting, telecommunications and services business, as well as being one of our founders.

industry.



PHOTO

graphic

MARTIN F. BERNSTEIN
Director Since: 2007

Age: 67

2021

Synchronoss Committees:


Audit


Nominating/Corporate
Governance

 Compensation
• Business Development

Donnie M. Moore

Donnie M. Moore

Martin F. Bernstein has served on the Board since July 2021. Mr. Bernstein brings extensive experience working with management teams and boards on capital allocation strategies, governance, financing and operational turnarounds. He currently serves as the Head of Private Investments with B. Riley Principal Investments and is responsible for sourcing, underwriting and managing company investments in addition to leading distribution to the firm’s syndication partners. He has led numerous investments across technology, transportation, automotive, aerospace, manufacturing, power, infrastructure and other sectors. Prior to joining B. Riley in March 2021, Mr. Bernstein was Senior Vice President, Financewith Anchorage Capital and Administrationled investments across capital structures, including public equities, private equity, performing credit, bank debt and Chief Financial Officer for Cognos Incorporated, a publicly-held company providing business intelligencedistressed debt and performance management solutions, from 1989 until his retirement in 2001. From 1986 to 1989, Mr. Moore was Vice President, Finance and Chief Financial Officer of Cognos. Before joining Cognos, Mr. Moore held various positions at the Burroughs Corporation from 1973 to 1986, including Corporate Director, Plans and Analysis. Mr. Moore holds a Bachelor of Science degree in engineeringrestructuring situations from the Universityfirm’s New York and London offices. He previously worked as an analyst at Bocage Capital and was on the investment team for the endowment at Howard Hughes Medical Institute. Mr. Bernstein currently serves on the board of Oklahoma and a masternominees for Fondul Proprietatea. Mr. Bernstein earned an AB in business administration degreehistory from the University of Houston.Dartmouth College. Our Board believes Mr. Moore'sBernstein’s qualifications to sit on our Board include his extensive experience in the software industryworking with management teams and his financial expertise.

boards on capital allocation strategies, governance, financing and operational turnarounds.

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Continuing Director — Term Ending in 2017


PHOTO
Director Since: 2004

Age: 59

Synchronoss Committees:

Audit

Compensation

Business Development

Thomas J. Hopkins

Thomas J. Hopkins is a Managing Director of Colchester Capital, LLC, an investment firm. Prior to Colchester Capital, Mr. Hopkins was involved in investment banking, principally at Deutsche Bank (and its predecessor Alex, Brown & Sons), Goldman, Sachs & Co. and Bear Stearns. He began his investment banking career at Drexel Burnham Lambert. Prior to investment banking, Mr. Hopkins was a lawyer for several years. Mr. Hopkins received a Bachelor of Arts degree from Dartmouth College, a juris doctorate from Villanova University School of Law and a master in business administration degree from the Wharton School at the University of Pennsylvania. Our Board believes Mr. Hopkins' qualifications to sit on our Board include his extensive financial expertise and his years of experience providing strategic advisory services to complex organizations.

Continuing Directors — Term Ending in 2018

2024


PHOTO
Director Since: 2005

Age: 67

Synchronoss Committees:

Audit

Compensation

Business Development

Nominating/Corporate
Governance

William J. Cadogan

William J. Cadogan served as a Senior Managing Director with Vesbridge Partners, LLC, formerly St. Paul Venture Capital, a venture capital firm from 2001 until 2006. Mr. Cadogan served as

graphic


STEPHEN G. WALDIS
Founder and Former Chief Executive Officer and Chairman
Executive Chair of the board of directors of Mahi Networks, Inc., a leading supplier of multi-service optical transport and switching solutions, from November 2004 until its merger with Meriton Networks in October 2005. Prior to joining St. Paul Venture Capital in 2001, Mr. Cadogan was Chairman and Chief Executive Officer of ADC, Inc., a leading global supplier of telecommunications infrastructure products and services. Mr. Cadogan received a Bachelor of Arts degree in electrical engineering from Northeastern University and a master in business administration degree from the Wharton School at the University of Pennsylvania. Our Board believes Mr. Cadogan's qualifications to sit on our Board include his experience as a CEO leading complex global organizations, combined with his operational and corporate governance expertise.



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PHOTO
Founder

Chairman of the Board

Chief Executive Officer

Director Since: 2001

Age: 48

2000

Synchronoss Committee:


Business Development

Stephen G. Waldis

Stephen G. Waldishas served as our Chairman, FounderExecutive Chair since January 2017, having served as Chair of the Board since 2001, Chief Executive Officer from 2000 until January 2017 and CEO andas a Directordirector since founding Synchronoss in 2000. From 2000 until 2011, Mr. Waldis also served as President. From 1994 to 2000, Mr. Waldis served as Chief Operating Officer at Vertek Corporation, a privately held professional services company serving the telecommunications industry. From 1992 to 1994, Mr. Waldis served as Vice President of Sales and Marketing of Logical Design Solutions, a provider of telecom and interactive solutions. From 1989 to 1992, Mr. Waldis worked in various technical and product management roles at AT&T. Mr. Waldis received a Bachelor of Arts degree in corporate communications from Seton Hall University. Our Board believes Mr. Waldis'Waldis’ qualifications to sit on our Board include his extensive experience in the software and services industry and previously serving as our Chief Executive Officer and one of our founders.

Incumbent Director — Not Standing for Election


PHOTO

graphic


MOHAN GYANI
Director Since: 2006

Age: 67

2019

Synchronoss Committees:


Compensation

(Chair)

Nominating/Corporate
Governance Administration

 Business Development

Charles E. Hoffman

Charles E. Hoffman has been

Mohan S. Gyani held several executive positions in the Dean of the College of Business of the University of Missouri-St. Louis since September 2013. From 2001telecommunications industry including at AT&T Wireless from 2000 until he retired in 2008, Mr. Hoffman was2003 as President and Chief Executive Officer of Covad Communications Group, Inc.AT&T Wireless Mobility Services. Prior to 2001,AT&T, Mr. HoffmanGyani was Executive Vice President and CFO of AirTouch from 1994 to 1999. Mr. Gyani has served on numerous public and private company boards and is currently a member of the Board of Directors of Digital Turbine. Mr. Gyani received a bachelor’s degree and master’s in business administration from San Francisco State University. Our Board believes Mr. Gyani’s qualifications to sit on our Board include his extensive experience in the telecom and wireless industries and in senior financial positions.
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Continuing Directors — Term Ending in 2025
graphic

LAURIE HARRIS
Director Since: 2019 Synchronoss
Committees:
• Audit (Chair)
• Nominating/Corporate
Governance
Laurie L. Harris served as global engagement audit partner at PricewaterhouseCoopers LLP (PwC), a global and top-tier assurance, tax and advisory firm, for 25 years before retiring in 2018. Ms. Harris currently serves as a director of IWG, plc, Hagerty, Inc. and on several private company boards. Ms. Harris received a bachelor of science degree in business administration from the University of Southern California and is a licensed CPA in New York and California. Our Board believes Ms. Harris’ qualifications to sit on our Board include her extensive financial experience and her more than three decades of experience advising large public companies, private equity backed entities and Fortune 100 organizations.
graphic

JEFFREY G. MILLER
Director Since: 2021
Synchronoss
Committees:
• Business Development
(Chair)
Jeffrey G. Miller has served as our President, Chief Executive Officer and a Director since March 2021, after holding the position of interim President and Chief Executive Officer of Rogers AT&T. Prior to his time with Rogers,since September 2020. Mr. HoffmanMiller joined Synchronoss as Chief Commercial Officer in October 2018. Mr. Miller previously served as President Northeast Region,of IDEAL Industries Technology Group from December 2017 to October 2018. Prior to IDEAL, Mr. Miller held several senior sales and operations positions at Motorola during a 16-year tenure, most recently as Corporate Vice President and General Manager of Operations in North America for Sprint PCS. Preceding his time with Sprint PCS,Motorola Mobility, LLC. Mr. Hoffman spent 16 years at SBC Communications in various senior management positions, including Managing Director-Wireless for SBC International. Mr. HoffmanMiller received a Bachelordegree in business from Miami University of Science degreeOhio and a mastermaster’s degree in business administration degreeBusiness Administration from The Ohio State University. Our Board believes Mr. Miller’s qualifications to sit on our Board include his broad experience in the University of Missouri.

software and services industry and his experience with our Company.

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PROPOSAL 2

RATIFICATION OF THE APPOINTMENT OF

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Audit Committee of our Board has appointed Ernst & Young LLP, independent registered public accounting firm, as the Company'sCompany’s independent registered public accounting firm for the fiscal year ending December 31, 20162023 and has further directed that management submit the appointment of the independent registered public accounting firm for ratification by the stockholders at the Annual Meeting. Ernst & Young LLP has audited the Company'sCompany’s financial statements since its formation in 2000. Representatives of Ernst & Young LLP are expected to be present at the Annual Meeting. They will have an opportunity to make a statement if they so desire and will be available to respond to appropriate questions.

Neither the Company'sCompany’s amended and restated by-laws nor other governing documents or law require stockholder ratification of the appointment of Ernst & Young LLP as the Company'sCompany’s independent registered public accounting firm. However, the Board is submitting the appointment of Ernst & Young LLP to the stockholders for ratification as a matter of good corporate practice. If the stockholders fail to ratify the appointment, the Audit Committee of the Board will reconsider whether or not to retain that firm. Even if the selection is ratified, the Audit Committee of the Board in its discretion may direct the appointment of different independent registered public accounting firm at any time during the year if it determines that such a change would be in the best interests of the Company and its stockholders.

To ratify the selection by the Audit Committee of Ernst & Young LLP, as the independent registered public accounting firm of the Company for its fiscal year ended December 31, 2016,2023, the Company must receive a "For"“For” vote from the majority of all the outstanding shares that are present in personat the Annual Meeting or represented by proxy and cast either affirmatively or negatively at the Annual Meeting. Abstentions and broker non-votes will not be counted "For"“For” or "Against"“Against” the proposal and will have no effect on the proposal. Because this proposal is a routine matter, on which a broker or other nominee ismay generally empowered to vote broker non-votes are not expected to exist in connection withon this matter.

proposal.

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM'SFIRM’S FEES

The following table represents aggregate fees billed to the Company for fiscal years ended December 31, 20152022 and December 31, 20142021 by Ernst & Young LLP, the Company'sCompany’s principal accountant.

           
    
Fiscal Year Ended

    
2015


2014

     (In thousands)  
​   Audit Fees(1) $2,281 $1,926 
  Audit Related Fees(2)  2  137  
​   Tax Fees -0--0-
  All Other Fees  -0- -0- 
        
  

Total Fees

 $2,283 $2,063  

(1)
For professional services rendered for the audits of annual financial statements, including the audit of annual financial statements for the years ended December 31, 2015 and 2014. The audit fees also include the review of quarterly financial statements included in the Company's quarterly reports on Form 10-Q, statutory audits of foreign subsidiaries and other regulatory filings or similar engagements.

(2)
Includes fees which are for assurance and related services other than those included in Audit Fees.

    All services described abovebelow for 20142022 and 20152021 were approved by the Audit Committee.

 
Fiscal Year Ended
 
2022
2021
 
(In thousands)
Audit Fees(1)
$2,091
$2,530
Audit Related(2)
$475
180
Tax Services
$
$
Other
$7
$7
Total Fees
$2,573
$2,717
(1)
For professional services rendered for the audits of annual financial statements, including the audit of annual financial statements and internal control over financial reporting for the years ended December 31, 2022 and 2021. The audit fees also include the review of quarterly financial statements included in the Company’s quarterly reports on Form 10-Q, statutory audits of foreign subsidiaries and other regulatory filings or similar engagements.
(2)
Audit related fees consisted of services with respect to the Statement on Standards for Attestation Engagements (SSAE) No. 16 to report on the controls and services provided to customers by service organizations.

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PRE-APPROVAL POLICIES AND PROCEDURES

The Audit Committee'sCommittee’s policy, subject to certain permitted exceptions for certain de minimis services, is to pre-approve all audit and permissible non-audit services rendered by Ernst & Young LLP, our independent registered public accounting firm. The Audit Committee can pre-approve specified services in defined categories of audit services, audit-related services and tax services up to specified amounts, as part of the Audit Committee'sCommittee’s approval of the scope of the engagement of Ernst & Young LLP or on an individual case-by-case basis before Ernst & Young LLP is engaged to provide a service. The Audit Committee has determined that the rendering of the services other than audit services by Ernst & Young LLP is compatible with maintaining the principal accountant'saccountant’s independence.

The independent registered public accounting firm and management are required to meet with the audit committee to review and discuss our annual and quarterly financial statements and related disclosures, as well as our critical accounting policies and practices. Additionally, the audit committee is responsible for reviewing the audit plan with the independent registered public accounting firm and members of management responsible for preparing our consolidated financial statements. All of the services of Ernst & Young LLP for 2021 and 2022 described above were pre-approved by the audit committee.

The Board Recommends you vote FOR Proposal 2

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THE BOARD RECOMMENDS A VOTE "FOR" PROPOSAL 2


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PROPOSAL 3

ADVISORY VOTE ON EXECUTIVE COMPENSATION

As required by Section 14A of the Securities Exchange Act of 1934, as amended, we are requesting our stockholders to vote, on an advisory basis, on the compensation of our named executive officersNEOs as described in the "Compensation“Compensation of Executive Officers"Officers” section of this Proxy Statement. This proposal, commonly known as a "say-on-pay"“say-on-pay” proposal, occurs on an annual basis, with the next such advisory vote being scheduled for the 2024 annual meeting of stockholders, and gives our stockholders the opportunity to express their views on the compensation of our named executive officers.

Compensation Program and Philosophy

NEOs.

COMPENSATION PROGRAM AND PHILOSOPHY
Our executive compensation philosophy and programs are designed to attract, retain, and motivate high-quality executives who possess the diverse skills and talents required to help us achieve our short and long-term financial and strategic goals. We believe that theour executive compensation programs foster a performance-oriented culture that aligns our executives'executives’ interests with those of our stockholders over the long term. We believe that the compensation of our executives is both appropriate for and responsive to the goal of improving stockholder value. Specifically, we tie a significant portion of executive compensation to stockholder return in the form of at-risk or variable realizable compensation.

Fiscal 2015 Compensation

The following is a brief synopsisapproval, on an advisory basis, of the material decisions approved by our Compensation Committee regarding the 2015 compensation of our NEOs:

Adjustments to Base Salary:    In reviewing the base salariesCompany’s NEOs requires a “For” vote from the majority of Messrs. Waldis and Garcia in early 2015, our Compensation Committee provided salary increases of approximately 3% (representing the median base salary increase). In addition, since the salary of Ms. Rosenberger was below the competitive range of similarly situated chief financial officers, her salary was increased by 10%. Mr. Rizer's salary was increased by approximately 32% to reflect his expanded role within our Company,

Performance-based Cash Bonus:    Our 2015 non-GAAP revenue and EBITDA were above the target set by our Board for 2015 but below the maximum threshold. As a result, our NEOs received approximately 129% of their target cash incentive bonus with respect to the corporate goal portion. Messrs. Waldis, Garcia, Rizer and Ms. Rosenberger received 100%, 90%, 100% and 90%, respectively, of their target individual component portion. Due to Mr. Schuette joining our Company in August 2015, our Board did not believe it was appropriate for his cash incentive bonus to have a corporate component. Therefore, his cash incentive bonus was based 100% on certain individual objectives, all of which he met and therefore he received 100% of his target cash incentive bonus.

Performance-based Equity:    Since NEOs had previously been eligible for annual payouts under the old performance-based equity plan, as part of a transition to a three-year plan in 2015, each NEO received a one-time transition award to address the vesting opportunity 'gap' between the old and new plans. Vesting of this transition award is contingent upon the achievement of certain financial metrics in 2015 and 2016. With respect to the transition shares awarded based on our financial performance in 2015, our 2015 non-GAAP revenue and EBITDA were above the target set by our Board for 2015 but below the maximum threshold. Our 2015 Cloud Revenue exceeded the maximum goals set by our Board. As a result, our NEOs whom our Company employed on February 9, 2015 were issued an aggregate of 28,185 restricted shares of our Common Stock, or 10,568 shares more than the target number of


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performance-based restrictedoutstanding shares that they were eligible to receive underare present at the 2015-2016 performance-based restricted stock awards basedAnnual Meeting or represented by proxy and cast affirmatively or negatively at the Annual Meeting. Abstentions and broker non-votes will not be counted “For” or “Against” this proposal and will have no effect on our 2015 financial performance.

Time-Based Equity:    Our NEOs whom our Company employed on February 9, 2015 were granted (i) an aggregate of 52,852 time-based restricted shares of our Common Stock and (ii) stock options to purchase an aggregate of 143,951 shares of our Common Stock.

Employment Agreements.    Effective January 1, 2015, our Company entered into employment agreements with each of our NEOs which expire December 31, 2017. For a full description of these employment agreements please see page 51.

Compensation Discussion and Analysis

In addition to the above summary, stockholdersthis proposal.

COMPENSATION DISCUSSION AND ANALYSIS
Stockholders are urged to read the "Compensation“Compensation Discussion and Analysis"Analysis” section of this Proxy Statement and the tables and narrative discussion that follow for greater detail about our executive compensation program,programs, including information about the fiscal year 20152022 compensation of our named executive officers.

Recommendation

NEOs.

RECOMMENDATION
For the above reasons, we are asking our stockholders to indicate their support for the compensation of our named executive officers as described in this Proxy Statement by voting in favor of the following resolution:

"RESOLVED, that

RESOLVED:
That the stockholders advise that they approve, in aon an advisory non-binding vote,basis, the compensation of the Company'sCompany’s named executive officers as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, related compensation tables, and the accompanying narrative disclosure set forth in the Proxy Statement relating to the Company's 2016Company’s Annual Meeting of Stockholders."

Even though this say-on-pay vote is advisory and therefore will not be binding, our Compensation Committee and our Board value the opinions of our stockholders. Accordingly, we expect to take into account the outcome of the vote when considering future executive compensation decisions.
The Board Recommends you vote FOR Proposal 3

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THE BOARD RECOMMENDS APROPOSAL 4
ADVISORY VOTE "FOR" PROPOSALON FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION
In Proposal 3,
we provided our stockholders the opportunity to vote to approve, on a non-binding, advisory basis, the compensation of our named executive officers, or a “say-on-pay” vote. In accordance with Section 14A of the Exchange Act, in this Proposal 4 we are asking our stockholders to cast a non-binding, advisory vote regarding the frequency of future stockholder advisory votes on executive compensation. Stockholders may vote for a frequency of every one, two, or three years, or may abstain. We are required to conduct this vote at least every six years and we last conducted a “say-on-pay frequency” vote in the proxy statement for our 2017 annual meeting. At that time, we recommended the inclusion of a “say-on-pay” vote on an annual basis and 76.4% of the votes cast by our stockholders at our 2017 annual meeting of stockholders were cast in favor of an annual “say-on-pay” vote. We have conducted “say-on-pay” votes on an annual basis since that annual meeting.
This year, we are once again asking our stockholders to provide their input with regard to “say-on-pay frequency,” asking whether the advisory “say-on-pay” vote should occur once every year, every two years or every three years. The advisory approval of the proposal regarding the frequency of future advisory votes on the compensation of the Company's NEOs requires a “For” vote for one of the three options presented: every “1 Year,” every “2 Years” or every “3 Years.” The option receiving the plurality of votes from the outstanding shares that are present in person or represented by proxy and cast affirmatively or negatively at the Annual Meeting will be the option deemed recommended by our stockholders. Abstentions and broker non-votes will not be counted “For” or “Against” this proposal and will have no effect on this proposal.
Our Board has determined that an annual advisory “say-on-pay” vote is the most appropriate alternative for Synchronoss. Our Board’s determination was influenced by the fact that the compensation of our NEOs is evaluated, adjusted and approved on an annual basis. As part of the annual review process, our Board concluded that stockholder sentiment should be a factor that is taken into consideration by the Board and the Compensation Committee in making decisions with respect to executive compensation.
By providing an advisory vote on executive compensation on an annual basis, our stockholders will be able to provide us with direct input on our compensation philosophy, policies and practices as disclosed in our proxy statement every year. We understand that our stockholders may have different views as to what is the best approach for Synchronoss and we look forward to hearing from our stockholders on this agenda item every year. Accordingly, our Board recommends that the advisory “say-on-pay” vote be held every year.
You may cast your vote on “say-on-pay frequency” by choosing the option of every 1 year, 2 years, or 3 years or you may abstain from voting on this proposal.
RECOMMENDATION
For the above reasons, we are asking our stockholders to indicate their support for the compensation of our named executive officers as described in this Proxy Statement by voting in favor of the following resolution:
RESOLVED:
That the stockholders approve, on an advisory non-binding basis, the submission by the Company of a non-binding, advisory say-on-pay resolution pursuant to Section 14A of the Exchange Act every;
one year;
two years; or
three years.
The option of 1 year, 2 years or 3 years that receives the highest number of votes cast will be the frequency of the vote on the compensation of our NEOs that has deemed recommended by stockholders.
Even though this vote is advisory and therefore will not be binding, our Compensation Committee and our Board value the opinions of our stockholders. Accordingly, we expect to take into account the outcome of the vote when considering the frequency of future advisory votes on executive compensation. Nonetheless, the Board may decide that it is in the best interests of our stockholders and Synchronoss to hold an advisory vote on executive compensation more or less frequently than the option recommended by our stockholders.
The Board Recommends you vote FOR every “1 YEAR” on Proposal 4

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STOCKHOLDER PROPOSALS FOR THE NEXT ANNUAL MEETING

If you wish to submit a proposal for inclusion in next year'syear’s proxy materials or nominate a director, your proposal must be in proper form according to SEC Regulation 14A and Rule 14a-8, in conformance with the Company'sCompany’s by-laws and submitted in writing to Synchronoss Technologies, Inc., 200 Crossing Boulevard, 8th Floor, Bridgewater, New Jersey 08807, Attn: Secretary, to be received no later than the close of business on December 7, 2016. January 2, 2024 (120 days before the first anniversary of the date this Proxy Statement is released to stockholders). However, if the date of the Annual Meeting of Stockholders is changed by more than 30 days from the first anniversary of this Annual Meeting, then the deadline will be a reasonable time before the Company begins to print and send its proxy materials.
If you wish to submit a proposal to be presented at the 20152024 Annual Meeting of Stockholders but which will not be included in the Company'sCompany’s proxy materials, your proposal must be submitted in writing and in conformance with our by-laws to Synchronoss Technologies, Inc., 200 Crossing Boulevard, 8th Floor, Bridgewater, New Jersey 08807, Attn: Secretary, not before January 21, 2017 and no later than February 20, 2017. As the rulesclose of business on the 45th day prior to the first anniversary of the SEC make clear, simply submitting a proposal does not guarantee that it will be included. You are adviseddate this Proxy Statement is released to reviewstockholders (March 17, 2024), nor earlier than the Company's by-laws, which contain additional requirements about advance noticeclose of stockholder proposals and director nominations. You may obtain a copybusiness on the 75th day prior to the first anniversary of the Company's by-lawsdate this Proxy Statement is released to stockholders (February 16, 2024). In the event that the date of the 2024 Annual Meeting of Stockholders is changed by writingmore than 30 days from the first anniversary of this Annual Meeting, then notice must be delivered not later than the close of business on the later of the 90th day prior to Synchronoss Technologies, Inc., 200 Crossing Boulevard, Bridgewater, New Jersey 08807, Attn: Secretary.


such annual meeting or the 10th day following the day on which public announcement of the date of such meeting is first made.

NO INCORPORATION BY REFERENCE

In the Company'sCompany’s filings with the SEC, information is sometimes "incorporated“incorporated by reference." This means that we are referring you to information that has previously been filed with the SEC and the information should be considered as part of the particular filing. As provided under SEC regulations, the "Audit“Audit Committee Report"Report” and the "Compensation“Compensation Committee Report"Report” contained in this Proxy Statement specifically are not incorporated by reference into any other filings with the SEC and shall not be deemed to be "soliciting material".“soliciting material.” In addition, this Proxy Statement includes several website addresses. These website addresses (including our corporate website atwww.synchronoss.com) are intended to provide inactive, textual references only and are not intended to be active hyperlinks in this proxy. The information on these websites is not part of this Proxy Statement.

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CONTACT FOR QUESTIONS AND ASSISTANCE WITH VOTING

If you have any questions or require any assistance with voting your shares or need additional copies of this Proxy Statement or voting materials, please contact:

Ronald Prague, Esq.
Executive Vice President and General Counsel

Christina Gabrys
Chief Legal Officer, Secretary
Synchronoss Technologies, Inc.

200 Crossing Boulevard,
8th Floor
Bridgewater, NJ 08807
or
Call
(800) 575-7606

It is important that your shares are represented at the Annual Meeting. Whether or not you plan to attend and vote at the Annual Meeting, please vote using the Internetinternet or by telephone or by signing and returning a proxy card, if you have requestedreceived one, so that your shares will be represented at the Annual Meeting.

The form of Notice proxy and this Proxy Statement have been approved by the Board of Directors and are being mailed, delivered, or made available to stockholders by its authority.

The Board of Synchronoss Technologies, Inc.

Bridgewater, New Jersey
April 6, 2016



May 1, 2023

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Appendix A
Reconciliation of Non-GAAP Financial Information
(Unaudited – In thousands, except per share data)

Synchronoss Technologies Inc. ("Synchronoss") has provided in this proxy statement selected financial information that has not been prepared in accordance with GAAP. This information includes non-GAAP revenues, gross profit, EBITDA and diluted earnings per share. Synchronoss uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to management and investors, as a supplement to GAAP measures, in evaluating Synchronoss' ongoing operational performance. Synchronoss believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends, and in comparing its financial results with other companies in Synchronoss' industry, many of which present similar non-GAAP financial measures to investors. The non-GAAP financial results add back the deferred revenue write-down associated with acquisitions, fair value stock- based compensation expense, acquisition-related costs, changes in the contingent consideration obligation, deferred compensation expense related to earn outs and amortization of intangibles associated with acquisitions.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures in the tables below.

Reconciliation of GAAP to Non-GAAP Revenue

73
 
 Twelve Months Ended December 31,
 
 2015 2014

Non-GAAP financial measures and reconciliation:

      

GAAP Revenue

  
578,831  
 
  $

457,314  

Add: Deferred Revenue Write-Down

  1,260    1,299  

Non-GAAP Revenue

  580,091     $458,613  

Reconciliation of GAAP to Non-GAAP Gross Profit


 
 Twelve Months Ended December 31,
 
 2015 2014

GAAP Revenue

  578,831     $457,314  

Less: Cost of Services

  239,074    184,414  

GAAP Gross Margin

  339,757    272,900  

Add: Deferred revenue write-down

  1,260    1,299  

Add: Fair value stock-based compensation

  6,935    5,924  

Add: Acquisition and restructuring costs

  8,814    31  

Add: Deferred compensation expense - earn-out

  —    16  

Non-GAAP Gross Margin

  356,766     $280,170  

Non-GAAP Gross Margin %

  62%  61%

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Reconciliation of GAAP Income from Operations to Non-GAAP EBITDA

 
 Twelve Months Ended December 31,
 
 2015 2014

GAAP income from operations

  79,590    $62,298 

Add: Deferred revenue write-down

  1,260   1,299 

Add: Fair value stock-based compensation

  31,711   28,987 

Add: Acquisition and restructuring costs

  22,623   2,938 

Add: Net change in contingent consideration obligation

  760   1,799 

Add: Deferred compensation expense - earn-out

  —   1,783 

Add: Amortization expense

  26,659   18,953 

Non-GAAP income from operations

  162,603    $118,057 

Depreciation and amortization

  72,152   55,956 

Less: Non-GAAP Amortization expense adjustment

  (26,659)  (18,953)

Non-GAAP EBITDA

  208,096   155,060 

Reconciliation of GAAP to Non-GAAP Diluted Earnings Per Share

 
 Twelve Months Ended December 31,
 
 2015 2014

GAAP net income attributable to Synchronoss

  40,630   38,895 

Add: Deferred revenue write-down, net of tax

  964   868 

Add: Fair value stock-based compensation, net of tax

  24,249   19,358 

Add: Acquisition and restructuring costs, net of taxes

  17,282   1,962 

Add: Net change in contingent consideration obligation, net of Fx change, net of tax

  760   1,855 

Add: Deferred compensation expense - earn-out, net of tax

  —   1,191 

Add: Amortization expense, net of tax

  20,264   12,657 

Non-GAAP net income attributable to Synchronoss

  104,149   76,786 

Add: After-tax interest on convertible debt

  2,135   776 

Net income for diluted EPS calculation

  106,284   77,562 

Diluted non-GAAP net income per share

  2.23   1.79 

Weighted shares outstanding - Diluted

  47,653   43,297 

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VOTE BY INTERNET - www.proxyvote.com Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 P.M. Eastern Time the day before the cut-off date or meeting date. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction form. Synchronoss Technologies, Inc. 750 Route 202, 6th Floor Bridgewater, NJ 08807 Attn: Dana Huppert ELECTRONIC DELIVERYTABLE OF FUTURE PROXY MATERIALS If you would like to reduce the costs incurred by our company in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years. VOTE BY PHONE - 1-800-690-6903 Use any touch-tone telephone to transmit your voting instructions up until 11:59 P.M. Eastern Time the day before the cut-off date or meeting date. Have your proxy card in hand when you call and then follow the instructions. VOTE BY MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. For Withhold For All Except To withhold authority to vote for any individual nominee(s), mark “For All Except” and write the number(s) of the AllAll The Board of Directors recommends you vote FOR the following: nominee(s) on the line below. 0 0 0 1. Election of Directors Nominees 01 James M. McCormick 02 Donnie M. Moore The Board of Directors recommends you vote FOR proposals 2 and 3. 2To ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2016. 3To approve on a non-binding advisory basis the compensation of the Company's named executive officers. For 0 0 Against 0 0 Abstain 0 0 NOTE: Such other business as may properly come before the meeting or any adjournment thereof. Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name, by authorized officer. Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date 0000277136_1 R1.0.1.25CONTENTS

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Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting: The Notice & Proxy Statement, 10K-Annual Report Wrap is/are available at www.proxyvote.com SYNCHRONOSS TECHNOLOGIES, INC. Annual Meeting of Shareholders May 17, 2016 10:00 A.M. This proxy is solicited by the Board of Directors The shareholder(s) hereby appoint(s) Ronald J. Prague and Karen L. Rosenberger, or either of them, as proxies, each with the power to appoint (his/her) substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side of this ballot, all of the shares of (Common/Preferred) stock of SYNCHRONOSS TECHNOLOGIES, INC. that the shareholder(s) is/are entitled to vote at the Annual Meeting of shareholder(s) to be held on May 17, 2016, at 10:00 A.M., at the Offices of Synchronoss Technologies, Inc. 200 Crossing Boulevard, Bridgewater, NJ 08807, and any adjournment or postponement thereof. This proxy, when properly executed, will be voted in the manner directed herein. If no such direction is made, this proxy will be voted in accordance with the Board of Directors' recommendations. Continued and to be signed on reverse side 0000277136_2 R1.0.1.25

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