Ideal Power (IPWR) investor relations material

Executive summary

• The annual meeting will be held virtually on June 3, 2026, allowing shareholders to participate, submit questions, and vote online, with detailed instructions provided for both record and street name holders.

• Shareholders of record as of April 24, 2026, are eligible to vote on four main proposals, including director elections, auditor ratification, executive compensation, and an equity plan amendment.

• The Board recommends voting in favor of all proposals and emphasizes the importance of shareholder participation.

Voting matters and shareholder proposals

• Proposals include electing five directors, ratifying BPM LLP as auditor for 2026, approving executive compensation on an advisory basis, and approving an amended equity incentive plan.

• Board recommends voting “FOR” all proposals; voting instructions and deadlines are clearly outlined for all shareholder types.

• Shareholder proposals for the 2027 meeting must be submitted by December 28, 2026, with additional requirements for director nominations.

Board of directors and corporate governance

• The Board consists of five members, with four deemed independent under Nasdaq and SEC rules; the Chairman is an independent director.

• Three standing committees: Audit, Compensation, and Nominating & Corporate Governance, each with written charters and annual self-evaluations.

• Directors are selected based on ethics, experience, diversity, and commitment to shareholder value; no formal diversity policy but diversity is considered.

• All directors attended at least 75% of meetings in 2025.