NuScale Power (SMR) Proxy filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on May 29, 2026, with voting available online, by phone, or mail for shareholders of record as of March 30, 2026.

• Key proposals include electing nine directors, an advisory vote on executive compensation, and ratifying Ernst & Young LLP as the independent auditor for 2026.

• Forward-looking statements highlight risks from economic, regulatory, and industry factors, with caution regarding reliance on projections.

Voting matters and shareholder proposals

• Shareholders will vote on electing nine directors, approving executive compensation (say-on-pay), and ratifying the appointment of Ernst & Young LLP as auditor.

• The Board recommends voting in favor of all proposals.

• Shareholder proposals for the 2027 meeting must be submitted by December 16, 2026, for proxy inclusion.

Board of directors and corporate governance

• The Board consists of nine nominees with diverse backgrounds in engineering, finance, energy, and governance.

• Majority of directors and all committee members are independent under NYSE and SEC standards.

• Board leadership is separated between the Chairman and CEO roles.

• Committees include Audit, Compensation, Nominating & Governance, and Executive, each with defined charters and responsibilities.

• Annual board and committee self-evaluations are conducted to improve effectiveness.

• Directors are subject to stock ownership requirements and limits on outside board service.