Franklin Electric (FELE) Proxy filing summary

Executive summary

• Achieved record net sales of $2.1 billion in 2025, up 5.4% from prior year, with operating income of $269 million, a 10% increase, and strong cash conversion of 126%.

• Growth driven by disciplined pricing, innovation, acquisitions, and operational transformation, including the Value Acceleration Office (VAO) established in late 2025 to drive growth and margin improvement.

• Focus for 2026 includes scaling operations, accelerating decision cycles, and expanding into new markets, with continued emphasis on innovation in water and energy systems.

Voting matters and shareholder proposals

• Shareholders will vote to elect two directors (Victor D. Grizzle and Alok Maskara) for terms expiring in 2029.

• Ratification of Deloitte & Touche LLP as independent auditor for 2026 fiscal year.

• Advisory votes on executive compensation and the frequency of future say-on-pay votes (Board recommends annual votes).

• Shareholder proposals for the 2027 meeting must be received by November 24, 2026 for inclusion in the proxy statement.

Board of directors and corporate governance

• Board consists of eight directors, with Jennifer L. Sherman serving as independent Chairperson since May 2025.

• All directors except the CEO are independent under NASDAQ rules.

• Three standing committees: Audit, Management Organization and Compensation, and Corporate Governance, all composed of independent directors.

• Board diversity includes two female directors and two racially/ethnically diverse directors, with both female directors in leadership roles.

• Updated annual Sustainability Report published in May 2025, highlighting environmental, social, and governance commitments.