SolarMax Technology (SMXT) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on November 10, 2025, to elect five directors, ratify the appointment of the independent auditor, and address other business as needed.

• Record date for voting is October 6, 2025, with 54,302,950 shares of common stock outstanding, each entitled to one vote.

• Proxy materials, including the annual report, were mailed starting October 14, 2025.

• The Board unanimously recommends voting in favor of all proposals.

Voting matters and shareholder proposals

• Proposals include electing five director nominees for one-year terms and ratifying CBIZ CPAs P.C. as the independent auditor for 2025.

• Shareholders may also vote on other business as may properly come before the meeting.

• Shareholder proposals for the next annual meeting must be submitted between July 13 and August 12, 2026.

• Proxy voting is available via internet, phone, mail, or at the virtual meeting.

Board of directors and corporate governance

• The Board will consist of five directors after the meeting; two current directors are not standing for re-election.

• Nominees: David Hsu, Simon Yuan, Wei Yuan Chen, Lei Zhang, Ph.D., and Steve Chen.

• Three standing committees: audit, compensation, and nominating/corporate governance, each with defined charters and independent members.

• Board leadership structure combines CEO and chairman roles; four of five nominees are independent.

• Code of ethics and insider trading policy are in place and posted on the company website.