Nextpower (NXT) investor relations material

Executive summary

• Annual Meeting scheduled for August 18, 2026, to be held virtually, with voting on four key proposals including director elections, auditor ratification, executive compensation, and charter amendments.

• Only holders of Class A common stock as of June 22, 2026, are eligible to vote; no Class B shares are outstanding.

• Board recommends voting in favor of all proposals.

Voting matters and shareholder proposals

• Four proposals: election of four directors, ratification of Deloitte as auditor for FY27, advisory approval of executive compensation, and amendments to the certificate of incorporation to remove Class B stock and rename Class A stock.

• Board recommends a “FOR” vote on all proposals.

• Shareholder proposals for the 2027 meeting must be submitted by March 9, 2027, for inclusion in the proxy statement.

Board of directors and corporate governance

• Board consists of ten members, with a classified structure (three classes).

• 80% of directors are independent; board diversity includes 30% female directors and representation from multiple demographic backgrounds.

• Board committees: Audit, Compensation & People (C&P), and Nominating, Governance & Public Responsibility (Nom Gov), all comprised of independent directors.

• Board and committees met regularly, with high attendance and executive sessions held quarterly.

• Directors and officers are subject to a code of ethics and robust stock ownership guidelines.