Navitas Semiconductor (NVTS) Proxy filing summary

Executive summary

• Annual meeting scheduled for June 25, 2026, to be held virtually, with voting on four key proposals including director elections, board declassification, executive compensation, and auditor ratification.

• Proxy materials are distributed primarily online to conserve resources and reduce costs.

• All holders of Class A common stock as of April 28, 2026, are entitled to vote; 233,713,166 shares outstanding.

Voting matters and shareholder proposals

• Proposal 1: Election of three directors (Brian Long, David Moxam, Dipender Saluja) for terms dependent on board declassification outcome.

• Proposal 2: Amendment to declassify the board, moving to annual director elections starting 2027.

• Proposal 3: Advisory vote on executive compensation (Say-on-Pay).

• Proposal 4: Ratification of KPMG LLP as independent auditor for fiscal year 2026.

• Board recommends voting in favor of all proposals.

Board of directors and corporate governance

• Board consists of ten members, eight of whom are independent under SEC and Nasdaq rules.

• Current structure is a classified board with staggered three-year terms; declassification proposed.

• Committees include audit, compensation, governance and sustainability, and executive steering.

• Board leadership is chaired by an independent director; regular executive sessions held.

• Code of business conduct and ethics applies to all directors, officers, and employees.