Mobile Infrastructure (BEEP) Proxy filing summary

Executive summary

• Achieved significant operational milestones in 2024, including converting 29 of 40 parking assets to management contracts, improving financial flexibility, and executing a $10 million share buyback program.

• Sold three non-core assets at strong multiples and accelerated a 36-month asset rotation plan to focus on higher-yielding properties in key markets.

• Secured a new line of credit to redeem preferred equity shares in cash, preventing dilution and aligning capital structure with growth strategy.

• Refinanced three debt maturities, extending the debt profile and strengthening the balance sheet.

• Observed increased demand for parking due to downtown office-to-residential conversions, with several projects underway through 2027.

Voting matters and shareholder proposals

• Shareholders will vote to elect six directors and ratify Deloitte & Touche LLP as the independent registered public accounting firm for 2025.

• Each share of common stock is entitled to one vote; voting can be done online, by phone, mail, or during the virtual meeting.

• Board recommends voting FOR all director nominees and FOR the ratification of Deloitte.

Board of directors and corporate governance

• Board will reduce to six members after Brad Greiwe retires; five of six nominees are independent.

• Board committees include audit, compensation, and nominating/governance, each with independent chairs.

• Board leadership structure features a combined Co-Chairman/CEO and an independent Co-Chairman.

• Stock ownership guidelines require significant equity holdings by directors and executives.

• Board and committees held regular meetings, with high attendance by directors.