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Executive summary

• Annual Meeting scheduled for May 20, 2026, to be held virtually, with voting on director elections and auditor ratification.

• Stockholders of record as of March 30, 2026, are eligible to vote; proxy materials are available online.

• Board recommends voting for three Class II director nominees and for ratification of PricewaterhouseCoopers LLP as auditor.

Voting matters and shareholder proposals

• Proposals include electing three Class II directors for terms expiring in 2029 and ratifying PwC LLP as independent auditor for 2026.

• Board recommends voting in favor of all proposals.

• Shareholder proposals for the 2027 meeting must be received by December 9, 2026, for inclusion in proxy materials.

Board of directors and corporate governance

• Board consists of eight directors divided into three classes with staggered terms.

• Three nominees for election: Wesley Bryett, Sourav Ghosh, and Kelly Thompson.

• Board composition includes a mix of independent, management, and Summit-affiliated directors; three women and two racially/ethnically diverse members.

• Summit Partners retains significant nomination rights and board influence as long as it holds specified ownership thresholds.

• Board committees: Audit, Compensation, and Nominating, each with defined responsibilities and charters.

• Chair and CEO roles are separated to enhance accountability and strategic oversight.