Applied Industrial Technologies (AIT) Proxy filing summary

Executive summary

• Annual meeting scheduled for October 20, 2026, with three main proposals: election of three directors, advisory vote on executive compensation, and ratification of Deloitte & Touche LLP as independent auditor for FY2027.

• Record sales of $5.0 billion and net income of $414.5 million achieved in FY2026, with strong organic growth and significant cash returned to shareholders.

• Proxy materials are available online, and shareholders are encouraged to vote electronically or by mail.

Voting matters and shareholder proposals

• Shareholders will vote on electing three directors, approving executive compensation (say-on-pay), and ratifying the appointment of Deloitte & Touche LLP as auditor.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2027 annual meeting must be submitted by May 13, 2027.

Board of directors and corporate governance

• Board consists of a majority of independent directors, with only the CEO being non-independent.

• Board committees (Audit, Corporate Governance & Sustainability, Executive Organization & Compensation) are composed solely of independent directors.

• Board leadership structure separates the roles of Chairman and CEO, with an independent Chairman.

• Directors are subject to stock ownership guidelines and limits on outside board service.

• Annual self-evaluations and regular executive sessions of independent directors are conducted.