Advanced Energy Industries (AEIS) Proxy filing summary

Executive summary

• Achieved 21% revenue growth in 2025, reaching $1.8 billion, with record Data Center Computing revenue and strong performance in semiconductor markets.

• Optimized manufacturing by expanding capacity in the Philippines and Mexico, exiting China, and progressing on a new flagship factory in Thailand.

• Delivered record operating cash flow and improved gross margins by over 200 basis points, driven by operational efficiencies.

• Launched 26 new product platforms and secured design wins in AI and data center power solutions.

• Confident in meeting or exceeding long-term financial goals, supported by diversification and investment strategies.

Voting matters and shareholder proposals

• Election of ten directors, all current members, recommended by the Board.

• Ratification of Ernst & Young LLP as independent auditor for 2026.

• Advisory approval of executive compensation (say-on-pay).

• Approval to amend the Certificate of Incorporation to increase authorized common stock from 70M to 140M shares.

• Approval of amendment and restatement of the 2023 Omnibus Incentive Plan, increasing shares authorized for equity awards.

Board of directors and corporate governance

• Board consists of ten directors, 90% independent, with diverse backgrounds and expertise in leadership, finance, technology, and global operations.

• Chairman and CEO roles are separated to ensure effective oversight.

• Annual elections and regular board, committee, and director evaluations are conducted.

• Board committees: Audit and Finance, Nominating, Governance & Sustainability, and Compensation, all with independent members.