Navitas Semiconductor (NVTS) Proxy filing summary

Executive summary

• Annual meeting scheduled for June 25, 2026, will be held virtually for all stockholders of record as of April 28, 2026.

• Stockholders are encouraged to review the definitive proxy statement and related materials for important information regarding the meeting and proposals.

Voting matters and shareholder proposals

• Proposal 2 seeks to amend the Certificate of Incorporation to declassify the board, moving to annual elections for all directors starting in 2027.

• Approval of Proposal 2 requires a majority of outstanding shares; brokers cannot vote uninstructed shares on this item.

• Stockholders who held shares as of April 28, 2026, remain eligible to vote even if they have since sold their shares.

Board of directors and corporate governance

• Current board structure is classified, with directors serving staggered three-year terms.

• Proposed declassification aims to enhance shareholder accountability and modernize governance.

• If approved, all directors will stand for re-election annually beginning in 2027.