Advanced Energy Industries (AEIS) Proxy Filing summary

Executive summary

• Achieved 21% revenue growth in 2025, driven by AI demand and record Data Center Computing revenue; strong profitability and record operating cash flow reported.

• Launched 26 new product platforms, expanded manufacturing in the Philippines, Mexico, and advanced construction of a flagship Thailand factory.

• Strategic focus on market leadership in precision power, diversification, and operational execution to meet long-term financial goals.

Voting matters and shareholder proposals

• Election of ten directors, all current members, recommended for reelection.

• Ratification of Ernst & Young LLP as independent auditor for 2026.

• Advisory approval of executive compensation (say-on-pay).

• Approval to double authorized common stock from 70M to 140M shares.

• Approval to amend and restate the 2023 Omnibus Incentive Plan, increasing shares for equity awards.

Board of directors and corporate governance

• Board consists of ten directors, 90% independent, with diverse backgrounds and expertise in leadership, finance, technology, and global operations.

• Chairman and CEO roles are separated; annual elections and evaluations are conducted.

• Board committees: Audit and Finance, Nominating, Governance & Sustainability, and Compensation, all with independent members.

• No interlocking relationships, excise tax gross-ups, or poison pill provisions.