Seritage Growth Properties (SRG) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on June 10, 2025, with shareholders able to vote and submit questions online.

• Shareholders will vote on the election of six trustees, ratification of the independent auditor, and an advisory say-on-pay resolution.

• The company continues to execute a Plan of Sale, seeking to maximize shareholder value through asset monetization or potential sale.

Voting matters and shareholder proposals

• Proposals include electing six trustees, ratifying Deloitte & Touche LLP as auditor, and approving executive compensation on an advisory basis.

• Shareholders of record as of April 25, 2025, are eligible to vote, with each Class A and B share entitled to one vote.

• Shareholder proposals for the 2026 meeting must be received by December 31, 2025.

Board of directors and corporate governance

• The board consists of six trustees, with a majority being independent and all committee members meeting NYSE independence standards.

• Board committees include Audit, Compensation, Nominating and Corporate Governance, and Investment, each with defined responsibilities.

• The board is declassified, with all trustees standing for annual election.

• The board emphasizes diversity, inclusiveness, and meaningful share ownership by trustees.