NCS Multistage (NCSM) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for May 21, 2025, with a record date of March 28, 2025, and will be held in Houston, Texas.

• Stockholders can vote on four key proposals: election of directors, ratification of the auditor, advisory approval of executive compensation, and approval of the amended equity incentive plan.

• Voting can be done via internet, phone, mail, or in person, with detailed instructions provided for each method.

• Proxy materials are distributed electronically or by mail, with householding practices in place to reduce costs.

Voting matters and shareholder proposals

• Election of Robert Nipper and Ryan Hummer as Class II Directors to serve until 2028.

• Ratification of Grant Thornton LLP as independent auditor for 2025.

• Advisory vote on named executive officer compensation (say-on-pay).

• Approval of the Amended and Restated 2017 Equity Incentive Plan, increasing reserved shares by 250,000.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board will reduce from eight to seven members after the meeting, with staggered three-year terms for directors.

• Majority of directors are independent, and both the Audit and Compensation Committees are fully independent.

• Controlled company exemption applies due to Advent's majority ownership, but independent governance is maintained.

• Board committees oversee audit, compensation, nominations, and governance, with regular self-evaluations and director attendance above 75%.

• Stock ownership guidelines require significant equity holdings by directors and executives.