Pure Cycle (PCYO) Proxy filing summary

Executive summary

• Notice received from Maran Partners Fund, LP nominating five individuals for election to the board at the 2027 Annual Meeting of Shareholders.

• Nominating and Corporate Governance Committee will review the proposed nominees and make a formal recommendation in the proxy statement.

• Operations span three business segments: wholesale water and wastewater services, land development, and single-family home rentals, supporting recurring revenues and growth.

• Forward-looking statements caution about risks and uncertainties, referencing risk factors in the latest 10-K filing.

Voting matters and shareholder proposals

• Five director candidates nominated by Maran Partners Fund, LP for election at the 2027 Annual Meeting.

• No immediate shareholder action required; formal recommendations will be provided in the upcoming proxy statement.

Board of directors and corporate governance

• Nominating and Corporate Governance Committee will evaluate the qualifications of the proposed director nominees.

• Information about current directors and executive officers is available in recent SEC filings, including the 2026 proxy statement and 2025 10-K.