INNOVATE (VATE) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 12, 2025, with virtual participation available to shareholders.

• Shareholders are encouraged to review proxy materials and vote by June 11, 2025.

Voting matters and shareholder proposals

• Election of four directors: Avram A. Glazer, Warren H. Gfeller, Brian S. Goldstein, and Amy M. Wilkinson.

• Advisory vote on executive compensation (Say on Pay Vote).

• Advisory vote on the frequency of Say on Pay Votes (every one, two, or three years).

• Ratification of BDO USA, P.C. as independent auditor for fiscal year ending December 31, 2025.

• Provision to address any other business that may arise at the meeting.

Board of directors and corporate governance

• Board recommends voting in favor of all director nominees and proposals.