Allegro MicroSystems (ALGM) Proxy filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on August 5, 2026, with shareholders of record as of June 10, 2026, eligible to vote on key proposals.

• Shareholders are encouraged to vote online, by phone, or by mail, and can change their vote up to and during the meeting.

• The Board recommends voting FOR all director nominees, FOR ratification of the auditor, and FOR the advisory say-on-pay proposal.

Voting matters and shareholder proposals

• Shareholders will vote to elect three Class III directors for terms expiring in 2029, ratify PwC as auditor for FY27, and approve executive compensation on an advisory basis.

• No other business is currently anticipated, but proxy holders have discretion to vote on any matters that arise.

• Shareholder proposals for the 2027 meeting must be submitted by February 24, 2027, for inclusion in proxy materials.

Board of directors and corporate governance

• The Board will be reduced from eleven to nine members after the meeting, with a mix of independent and Sanken-designated directors.

• Board committees include Audit, Compensation, and Nominating & Governance, all comprised of independent directors.

• The Board emphasizes diversity, experience, and independence, and regularly reviews its composition and leadership structure.

• Sanken Electric Co., Ltd. retains rights to designate directors based on its ownership stake, per the Stockholders Agreement.