Maui Land & Pineapple Company (MLP) investor relations material

Executive summary

• The 2026 Annual Meeting will be held virtually on May 27, 2026, with voting on director elections, executive compensation, and auditor ratification.

• Proxy materials are distributed electronically, with options for paper copies upon request.

• Only shareholders of record as of April 2, 2026, may vote; 19,868,771 shares are outstanding.

• The Board recommends voting for all director nominees and for the executive compensation and auditor proposals.

Voting matters and shareholder proposals

• Shareholders will vote on electing seven directors, approving executive compensation (say-on-pay), and ratifying Accuity LLP as auditor for 2026.

• No shareholder proposals or nominations were received for this meeting.

• Voting standards: directors elected by plurality; other proposals require majority of shares present and entitled to vote.

• Abstentions and broker non-votes have no effect on director elections and are counted as against for other proposals.

• Procedures for submitting proposals and nominations for the 2027 meeting are detailed, with strict deadlines and disclosure requirements.

Board of directors and corporate governance

• Seven director nominees, all currently serving, are up for re-election; all are considered independent.

• Board leadership is separated between the CEO and Chairperson roles.

• Three standing committees: Audit, Compensation, and Nominating & Governance, all with independent members.

• Annual self-evaluations are conducted for the Board and committees.

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