Shoals Technologies Group (SHLS) Proxy filing summary

Executive summary

• Celebrating 30 years in business and 5 years as a public company, the organization reported record revenue and a historic backlog in 2025, with a 19% revenue growth and a diversified order book, especially in battery energy storage systems.

• The company is positioned for growth in electrification, grid modernization, and mission-critical power infrastructure, supported by expanded domestic manufacturing and a focus on innovation and operational excellence.

• Strategic priorities include continued investment in technology, operational discipline, and governance, with a commitment to transparency and long-term shareholder value.

Voting matters and shareholder proposals

• Shareholders will vote on the election of five directors for one-year terms, a non-binding advisory vote on executive compensation, and ratification of Ernst & Young LLP as the independent auditor for 2026.

• The board recommends voting FOR all director nominees, FOR the executive compensation proposal, and FOR the auditor ratification.

• The meeting will be held virtually, with shareholders able to vote and submit questions electronically.

Board of directors and corporate governance

• The board is majority independent, with separate chair and CEO roles, annual director elections being phased in, and a focus on diversity, independence, and relevant expertise.

• Board committees (Audit, Compensation, Governance) are fully independent and oversee key risk areas, compensation, and governance practices.

• Annual board and committee self-evaluations, succession planning, and shareholder engagement are emphasized.