Shimmick (SHIM) investor relations material

Executive summary

• 2025 was a year of transition, focusing on strategic growth, exiting non-core projects, and improving operational consistency, resulting in improved margins and solid liquidity.

• The company concentrated on projects aligned with technical strengths and continued to wind down legacy, lower-margin activities.

• Governance and board composition were refined to ensure oversight and skill alignment during transformation.

Voting matters and shareholder proposals

• Stockholders will vote to elect five directors for one-year terms expiring at the 2027 annual meeting.

• Ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal 2026 is on the agenda.

• Board recommends voting “FOR” all director nominees and auditor ratification.

• Stockholder proposals for the 2027 meeting must be submitted by December 23, 2026.

Board of directors and corporate governance

• Board will reduce from six to five members after the annual meeting; all directors are elected annually.

• Three directors are independent under Nasdaq rules; the roles of Executive Chairman and CEO are separated.

• Board committees include Audit, Compensation and Human Capital (CHC), Governance, and a Special Committee overseeing credit agreements and certain transactions.

• The company is a “controlled company” under Nasdaq rules but will no longer rely on the exemption for board independence after the meeting.