BayFirst Financial (BAFN) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 15, 2025, to elect 12 directors and consider adjournment if needed.

• Record date for voting is March 24, 2025, with 4,129,027 shares outstanding.

• Proxy materials are available online, with options for mobile, internet, or mail voting.

Voting matters and shareholder proposals

• Shareholders will vote on electing 12 directors and on the potential adjournment of the meeting to solicit more proxies if necessary.

• Board recommends voting in favor of all proposals.

• Shareholder proposals for the 2026 meeting must be submitted by December 5, 2025.

Board of directors and corporate governance

• Board consists of 12 nominees, with a majority determined to be independent under Nasdaq and SEC rules.

• Board committees include Audit and Risk Management, Compensation, Corporate Social Responsibility, Executive, and Nominating.

• Board and committee meetings were well attended in 2024, with all directors meeting attendance requirements.

• Nominating Committee considers diversity in knowledge, experience, and skills when evaluating nominees.