Navitas Semiconductor (NVTS) Proxy filing summary

Executive summary

• Annual meeting scheduled for June 25, 2026, to be held virtually, with proxy materials available online and voting encouraged in advance to ensure representation and reduce costs.

• Four main proposals: election of three directors, declassification of the board, advisory vote on executive compensation, and ratification of KPMG as auditor.

• Proxy voting procedures detailed for both record and beneficial owners, with clear instructions for online, phone, mail, and virtual participation.

Voting matters and shareholder proposals

• Proposal 1: Elect three directors (Brian Long, David Moxam, Dipender Saluja) for terms dependent on board declassification outcome.

• Proposal 2: Amend certificate to declassify the board, moving to annual elections for all directors starting 2027.

• Proposal 3: Advisory vote on executive compensation (Say-on-Pay), with prior year approval at 97.3%.

• Proposal 4: Ratification of KPMG LLP as independent auditor for fiscal year 2026.

Board of directors and corporate governance

• Board currently has ten members, eight of whom are independent; currently divided into three classes with staggered terms.

• If declassification is approved, all directors will serve one-year terms from 2027.

• Committees include audit, compensation, governance and sustainability, and executive steering, each with defined responsibilities and independent membership.

• Code of business conduct and ethics applies to all directors, officers, and employees.