NuScale Power (SMR) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 23, 2025, at 2:00 p.m. Pacific Time, to be held virtually.

• Shareholders can vote online, by phone, by mail, or during the virtual meeting.

• Proxy materials, including the Notice, Proxy Statement, and Form 10-K, are available online for review.

Voting matters and shareholder proposals

• Election of eight directors is up for shareholder approval.

• Advisory vote on executive compensation and on the frequency of future say-on-pay votes.

• Proposal to amend the Certificate of Incorporation regarding waiver of corporate opportunities.

• Ratification of Ernst & Young LLP as independent auditor for fiscal year ending December 31, 2025.

• Proxies are authorized to vote on other business as may properly come before the meeting.

Board of directors and corporate governance

• Board recommends voting FOR all director nominees and all proposals.

• Nominees include Alan L. Boeckmann, Bum-Jin Chung, Alvin C. Collins III, Shinji Fujino, John L. Hopkins, Kent Kresa, Diana J. Walters, and Kimberly O. Warnica.