NuScale Power (SMR) Proxy Filing summary

Executive summary

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

• Supplement corrects previously disclosed audit and related fees for fiscal years 2023 and 2024.

• No changes to the proxy card or meeting logistics; all other proxy materials remain unchanged.

Voting matters and shareholder proposals

• Election of eight directors is up for vote.

• Advisory vote on executive compensation and on the frequency of future say-on-pay votes (recommended: every one year).

• 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.

Board of directors and corporate governance

• Board recommends voting in favor of all proposals, including director elections and governance amendments.