Data Storage (DTST) Proxy Filing summary

Executive summary

• Annual meeting scheduled for September 10, 2025, includes a vote on the divestiture of the cloud solutions business, representing the sale of nearly all assets, including subsidiaries and related equity interests.

• The divestiture proposal involves the sale of CloudFirst Technologies Corporation and CloudFirst Europe Ltd., with an implied value range of $34.7M to $42.6M, compared to a base purchase price of $40M.

• Supplemental disclosures were made in response to shareholder requests for more detail on financial multiples and metrics used in the valuation analyses.

Voting matters and shareholder proposals

• Shareholders are asked to vote on the approval of the divestiture of the cloud solutions business.

• Letters from shareholders requested additional information on financial analyses, prompting voluntary supplemental disclosures.

Board of directors and corporate governance

• Directors and executive officers are identified as participants in the proxy solicitation for the divestiture proposal.