NAPCO Security Technologies (NSSC) Proxy Filing summary

Executive summary

• Annual meeting scheduled for December 12, 2024, to elect two directors, ratify Deloitte & Touche LLP as independent auditors for fiscal 2025, and address other business.

• Proxy materials are distributed electronically, with voting rights for shareholders of record as of October 18, 2024.

• Board recommends voting in favor of all proposals.

Voting matters and shareholder proposals

• Election of Rick Lazio and Donna A. Soloway as directors for a three-year term.

• Ratification of Deloitte & Touche LLP as independent registered public accountants for fiscal 2025.

• Shareholders may submit proposals for the 2025 annual meeting between August 10 and September 11, 2025.

Board of directors and corporate governance

• Board consists of seven directors, four of whom are independent per NASDAQ standards.

• Board committees: Audit, Compensation, and Nominating, all comprised of independent directors.

• No formal diversity policy for director nominations; board diversity matrix disclosed.

• Chairman and CEO roles are combined; no lead independent director.