Unity Bancorp (UNTY) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 24, 2025, to elect three directors, ratify external auditors, and address other business.

• Shareholder materials distributed via SEC's Notice and Access to reduce costs and environmental impact.

• Record date for voting is February 28, 2025; quorum requires majority of outstanding shares.

• 2024 saw a 49.84% increase in total shareholder return, outperforming peer indices.

• Net interest income rose 3.8% to $98.6 million, with EPS up 5.7% to $4.06.

Voting matters and shareholder proposals

• Election of three director nominees for three-year terms expiring in 2028.

• Ratification of Wolf & Company P.C. as independent external auditors for 2025.

• Shareholders may submit proposals for the 2026 meeting by December 31, 2025, with specific eligibility and format requirements.

Board of directors and corporate governance

• Board consists of nine members, divided into three classes; all directors are also directors of the Bank.

• All directors except the CEO are independent per NASDAQ standards.

• Five standing committees: Audit & Risk, HR/Compensation, Executive Loan, Corporate Governance and Nominating, and ALCO.

• Board leadership separates CEO and Chairman roles for independent oversight.

• Code of Ethics applies to all directors, officers, and employees.