WEBTOON Entertainment (WBTN) Proxy filing summary

Executive summary

• The annual meeting is scheduled for June 3, 2026, via virtual webcast, with a record date of April 10, 2026.

• Stockholders will vote on director elections, executive compensation (say-on-pay), and auditor ratification.

• The Board recommends voting for all proposals and emphasizes the importance of stockholder participation.

Voting matters and shareholder proposals

• Proposals include electing three Class II directors, approving executive compensation on an advisory basis, and ratifying Samil PricewaterhouseCoopers as auditor.

• Board recommends voting FOR all proposals.

• Stockholders can submit proposals for the 2027 meeting by December 23, 2026, and director nominations between February 3 and March 5, 2027.

Board of directors and corporate governance

• The Board consists of nine directors divided into three classes, with staggered three-year terms.

• Three nominees for Class II director are Namsun Kim, Jun Masuda, and Isabelle Winkles.

• Board includes representatives from major shareholders NAVER and LY Corporation, as well as three independent directors.

• NAVER holds 59.67% of voting power, qualifying the company as a "controlled company" under Nasdaq rules and allowing certain governance exemptions.

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

• The Board conducts annual assessments of its leadership structure and risk oversight.