Cricut (CRCT) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 28, 2025, to be held virtually, with voting on key proposals and board elections.

• Shareholders of record as of March 31, 2025, are eligible to vote; proxy materials are available online.

• Board recommends voting in favor of all proposals, including director elections, executive compensation, auditor ratification, and a charter amendment.

Voting matters and shareholder proposals

• Four main proposals: election of seven directors, advisory approval of executive compensation, ratification of BDO USA, P.C. as auditor, and amendment to permit officer exculpation.

• Board recommends a vote “FOR” all proposals.

• Shareholders can submit proposals or director nominations for the 2026 meeting by specified deadlines.

Board of directors and corporate governance

• Board will be reduced to seven members, with four independent directors.

• Controlled company status under Nasdaq rules; not all committees are fully independent.

• Board diversity is considered, though no formal policy exists.

• Audit and compensation committees are established, with defined responsibilities and charters.

• Attendance at meetings is high, and executive sessions are held for non-employee and independent directors.