Semrush (SEMR) EGM 2026 summary

Opening remarks and agenda

• Meeting called to order by CEO, with introductions of board members, management, and legal counsel.

• Meeting conducted virtually to facilitate attendance and participation, following a pre-distributed agenda and rules of order.

• Inspector of Elections appointed and sworn in to oversee voting.

Specific resolutions to be voted on

• Proposal to adopt the Agreement and Plan of Merger with Adobe Inc. and Fenway Merger Sub, making Semrush a wholly owned subsidiary of Adobe.

• Advisory vote on compensation for named executive officers related to the merger.

• Proposal to adjourn the meeting if more proxies are needed, though adjournment was not anticipated.

Corporate governance

• Voting rights explained: Class A shares have one vote each, Class B shares have ten votes each, with both classes voting together.

• Quorum confirmed, and voting process detailed for all stockholders, including those holding shares via brokers.