Jefferies Financial Group (JEF) Proxy Filing summary

Executive summary

• Yoshihiro Hyakutome of SMBC Group nominated to join the board, replacing Toru Nakashima, as part of a deepening strategic alliance between the two firms.

• SMBC Group plans to increase its economic ownership up to 20% by acquiring approximately 13 million additional shares, pending regulatory approval.

• The Japan equities joint venture between the alliance partners is set to commence operations in January 2027.

• Forward-looking statements highlight ongoing collaboration and mutual benefit for clients and stakeholders worldwide.

Voting matters and shareholder proposals

• Mr. Hyakutome will be included in the director nominee slate for election at the upcoming Annual Meeting of Shareholders.

• Shareholders are urged to review the forthcoming proxy statement for the 2026 Annual Meeting.

Board of directors and corporate governance

• The board unanimously approved Mr. Hyakutome's nomination, reflecting the operationalization of the global alliance.

• Mr. Nakashima will serve until the end of his term, after which Mr. Hyakutome is expected to succeed him.

• Information about directors and executive officers is available in the prior year's proxy statement, with updates to be provided in the upcoming filing.