First Industrial Realty Trust (FR) Proxy Filing summary

Executive summary

• Announced appointment of Frank E. Schmitz to the board, effective June 1, 2026, expanding the board to seven members, six of whom are independent.

• Authorized a new $250 million share repurchase program with no expiration date, to be executed opportunistically based on market conditions.

• Plans to host a series of market tours for investors and analysts during 2026, with further details to be announced.

• Forward-looking statements highlight expectations for continued portfolio growth and value creation, while noting risks related to economic, regulatory, and market factors.

Voting matters and shareholder proposals

• Preliminary proxy statement filed for the 2026 Annual Meeting, with solicitation of proxies for director nominees and other matters.

• Shareholders encouraged to review the definitive proxy statement and WHITE proxy card when available.

Board of directors and corporate governance

• Board size increased from six to seven members; Frank E. Schmitz elected as new director, bringing extensive real estate and capital markets experience.

• Schmitz will serve until the 2027 annual meeting and is eligible for standard non-employee director compensation.

• Six of seven board members will be independent following Schmitz's appointment.