Park Aerospace (PKE) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for July 18, 2024, to be held virtually, with shareholders able to vote and submit questions online.

• Key proposals include election of eight directors, advisory approval of executive compensation, amendment to the 2018 Stock Option Plan, and ratification of the external auditor.

• Only shareholders of record as of June 3, 2024, are entitled to vote at the meeting.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of eight directors, (2) advisory approval of executive compensation, (3) amendment to increase shares under the 2018 Stock Option Plan by 750,000, (4) ratification of CohnReznick LLP as auditor, and (5) other business.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2025 meeting must be received by February 15, 2025, for inclusion in the proxy statement.

Board of directors and corporate governance

• Board consists of eight members, with seven deemed independent under NYSE standards.

• Board committees include Audit, Compensation, Stock Option, Nominating, and Corporate Governance, all with independent members.

• Lead Independent Director structure in place; all directors attended over 75% of meetings.

• Nominating Committee considers diversity, experience, and shareholder recommendations for director candidates.

• Code of Ethics and Corporate Governance Guidelines are published and available to shareholders.