Light & Wonder (LNW) investor relations material

Executive summary

• The annual meeting will be held virtually on June 10, 2026, with voting on key proposals including director elections, executive compensation, long-term incentive grants, director compensation, and auditor ratification.

• The company transitioned to a sole primary listing on the ASX in 2025, impacting governance and disclosure practices.

• Stockholders of record as of April 13, 2026, are eligible to vote, with detailed instructions for proxy and CDI holders.

Voting matters and shareholder proposals

• Proposals include electing nine directors, advisory approval of executive compensation, approval of 2026 long-term incentive equity grants to the CEO, approval of the aggregate annual non-employee director compensation, and ratification of Deloitte & Touche LLP as auditor.

• Voting exclusions apply for certain proposals under ASX rules, particularly for those receiving material benefits.

• Shareholder proposals for the next annual meeting must comply with advance notice requirements.

Board of directors and corporate governance

• The board consists of nine members, with a majority deemed independent under ASX standards.

• Board leadership is separated between Chair and CEO, with a Lead Independent Director role.

• Four standing committees: Audit, Compensation, Compliance, and Nominating and Corporate Governance, all with independent directors.

• Annual board and committee self-evaluations, director stock ownership guidelines, and a code of business conduct are in place.