Align Technology (ALGN) Proxy filing summary

Executive summary

• Achieved record FY 2025 revenues of $4.0 billion, with $3.2 billion from clear aligners and $789.6 million from systems and services.

• Operating margin reached 13.5% GAAP and 21.8% non-GAAP; diluted net income per share was $5.65 GAAP, $10.51 non-GAAP.

• Repurchased $466 million in common stock and ended the year with over $1 billion in cash and no debt.

• International growth was strong, especially in EMEA, Latin America, and APAC; North America stabilized.

• Continued investment in AI-driven diagnostics, digital platforms, and sustainability initiatives.

Voting matters and shareholder proposals

• Proposal 1: Election of ten directors, all currently serving, with 90% independence.

• Proposal 2: Advisory vote to approve executive compensation, emphasizing pay-for-performance.

• Proposal 3: Ratification of PricewaterhouseCoopers LLP as independent auditor.

• Proposal 4: Ratification of bylaw provision allowing shareholders with 25% ownership for one year to call special meetings.

Board of directors and corporate governance

• Board consists of ten directors post-meeting, with a majority independent and diverse backgrounds.

• Four standing committees: Audit, Compensation and Human Capital, Nominating and Governance, and Technology.

• Annual board and committee evaluations, robust stockholder engagement, and succession planning.

• Recent governance enhancements include proxy access, elimination of supermajority voting, and expanded special meeting rights.