WSFS Financial (WSFS) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 15, 2025, to be held virtually, with stockholders voting on director elections, executive compensation, and auditor ratification.

• 2024 performance highlights include $4.41 EPS, 1.27% ROA, 17.91% ROTCE, 18% fee revenue growth, and 4% deposit growth.

• Strategic focus for 2025–2027 centers on franchise growth, market share expansion, and leveraging strong capital ratios.

Voting matters and shareholder proposals

• Four directors nominated for three-year terms; cumulative voting permitted.

• Advisory (non-binding) vote on executive compensation (Say-on-Pay).

• Ratification of KPMG LLP as independent registered public accounting firm for 2025.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of 12 members, moving to 11 after the meeting; majority are independent.

• Board divided into three classes with staggered three-year terms.

• Diverse skills represented: banking, finance, technology, risk, M&A, and wealth management.

• Annual board self-evaluation and third-party review every three years.

• Lead Independent Director role in place when Chairman and CEO roles are combined.

• Board refreshment and succession planning emphasized; no term limits but annual performance review.