ADT (ADT) Proxy Filing summary

Executive summary

• Celebrated 150th anniversary in 2024, achieving record recurring monthly revenue, customer retention, and strong cash generation while focusing on security and smart home business.

• Launched the proprietary ADT+ platform and introduced innovative offerings like Trusted Neighbor, enhancing customer experience and safety.

• Strengthened Board with four new independent directors, now 62% independent, and fully compliant with NYSE governance standards.

• Reduced debt by $100 million in 2024, increased revolving credit facility, and returned $182 million in dividends and $241 million in share repurchases to shareholders.

Voting matters and shareholder proposals

• Election of four Class II directors for terms expiring in 2028.

• Advisory vote to approve executive compensation.

• Proposal to declassify the Board, moving to annual elections by 2028.

• Proposal to allow stockholders with at least 25% ownership to call special meetings.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2025.

Board of directors and corporate governance

• Board now consists of 13 directors, with 8 independent and 4 Apollo designees.

• Committees (Audit, Compensation, Nominating and Corporate Governance) are fully independent.

• Ended controlled company status in March 2024; now fully compliant with NYSE standards.

• Lead Independent Director role established to balance combined Chair/CEO position.

• Board diversity includes gender, racial, and professional backgrounds.