Ready Capital (RC) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 25, 2025, to address director elections, auditor ratification, executive compensation, and advisory vote frequency.

• Company faced headwinds in transitional CRE lending but expects recovery in 2025 through balance sheet stabilization and strategic actions.

• Completed acquisitions of Madison One, Funding Circle, and United Development Funding IV to expand small business lending and land development solutions.

• Significant origination growth in Small Business Lending segment, with 1.7x increase year-over-year.

Voting matters and shareholder proposals

• Shareholders to vote on election of seven directors, ratification of Deloitte & Touche LLP as auditor, approval of executive compensation, and frequency of say-on-pay votes (recommended annually).

• Board recommends voting FOR all proposals and annual say-on-pay frequency.

• Shareholders of record as of April 21, 2025, are eligible to vote; quorum requires majority presence.

Board of directors and corporate governance

• Board consists of seven members, five of whom are independent; 29% of nominees are diverse by race or gender.

• Board committees: Audit, Compensation, and Nominating & Corporate Governance, all with independent members.

• Lead Independent Director role established for enhanced governance; independent directors meet quarterly in executive session.

• Board diversity, skills, and experience are emphasized in director selection.