Lakeland Financial (LKFN) investor relations material

Executive summary

• Annual meeting scheduled for April 14, 2026, with virtual attendance and voting options for shareholders of record as of February 24, 2026.

• Three main proposals: election of 13 incumbent directors, advisory vote on executive compensation, and ratification of Crowe LLP as independent auditor for 2026.

• Board recommends voting FOR all proposals and nominees.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of 13 directors for one-year terms, (2) non-binding say-on-pay for executive compensation, (3) ratification of Crowe LLP as auditor for 2026.

• All director nominees are incumbents; plurality voting standard applies.

• Say-on-pay is advisory and not binding on the Board.

• Voting can be done online, by phone, mail, or during the virtual meeting.

Board of directors and corporate governance

• Board consists of 13 directors, 11 of whom are independent; diversity includes 4 women and 2 underrepresented minorities.

• Committees: Audit, Compensation, Nominating and Corporate Governance, and Corporate Risk.

• Lead Independent Director role established; regular executive sessions held.

• Directors are encouraged to attend meetings; all attended at least 75% of meetings in 2025.

• Stock ownership policy requires directors to hold at least 5,000 shares within five years.