Lemonade (LMND) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 4, 2025, will be held virtually to maximize shareholder participation and access.

• Shareholders as of April 10, 2025, are eligible to vote on director elections, auditor ratification, and executive compensation.

• Key 2024 financials: gross written premium up 26% to $929M, total revenue up 22% to $526.5M, net loss reduced by 15% to $202.2M.

• Proxy materials and annual report are available online; voting can be done via internet, phone, mail, or during the meeting.

Voting matters and shareholder proposals

• Election of Shai Wininger and Dr. Samer Haj-Yehia as Class II Directors for terms expiring in 2028.

• Ratification of Ernst & Young LLP as independent registered public accounting firm for 2025.

• Advisory (non-binding) vote on named executive officer compensation (Say-on-Pay).

• Board recommends voting FOR all proposals.

• Shareholder proposals for 2026 must be submitted by December 24, 2025, for proxy inclusion.

Board of directors and corporate governance

• Board consists of six members divided into three staggered classes; four are independent per NYSE standards.

• Board committees: Audit, Compensation, and Nominating & Corporate Governance, each with written charters.

• Lead Independent Director role held by Michael Eisenberg; non-management directors meet at least twice annually.

• Board and committee attendance exceeded 75% in 2024.

• Code of Business Conduct and Ethics and Insider Trading Compliance Policy in place.