Sinclair (SBGI) AGM 2024 summary

Opening remarks and agenda

• Meeting called to order by the CEO, with formal notice and proxy statement issued in advance to all shareholders of record as of March 18, 2024.

• Stockholders encouraged to vote by proxy due to remote participation limitations and possible in-person capacity constraints.

• No shareholder proposals or presentations were submitted for this meeting.

Financial performance review

• Record-breaking political advertising revenues expected in 2024, projected to exceed $350 million.

• In 2023, core advertising revenue growth outpaced publicly traded TV broadcast peers, with $43 million in political advertising, a record for an off-cycle year.

• As of May 1, 2024, over $77 million in political advertising pre-booked, significantly higher than previous election cycles.

• $218 million returned to shareholders in 2023 via dividends and share repurchases; $64 million of debt repurchased at a discount.

Board and executive committee updates

• Full attendance of board members and executive leadership, with roles and responsibilities outlined.

• Nine directors nominated for re-election to serve a one-year term.