Hudson Pacific Properties (HPP) Proxy filing summary

Executive summary

• 2025 was a transformative year, with actions to strengthen financial position, including a $690M equity raise, $328M in asset sales, and $25M in annualized cost reductions, resulting in a 22% net debt reduction and $934M year-end liquidity.

• Achieved strongest office leasing since 2019, with 2.2M+ sq ft leased and a 40% increase in tenant tours compared to 2024.

• Streamlined studio operations, fully leasing Sunset Las Palmas stages and delivering Sunset Pier 94 on time and under budget.

• Board and management prioritized governance, risk oversight, and stockholder alignment, with significant engagement and feedback integration.

Voting matters and shareholder proposals

• Stockholders will vote on: (1) election of 7 directors, (2) advisory approval of 2025 executive compensation, and (3) ratification of Ernst & Young LLP as independent auditor for 2026.

• No other matters are expected at the 2026 Annual Meeting.

Board of directors and corporate governance

• Board reduced from 10 to 7 members, adding two new independent directors and appointing a new Lead Independent Director and Audit Committee Chair.

• 86% of directors are independent; average tenure is 8 years; board skills include capital markets, financial, and industry expertise.

• Annual board and committee evaluations, robust director education, and succession planning processes in place.

• Stockholders can amend bylaws without board approval; no stockholder rights plan in effect.