Amalgamated Financial (AMAL) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 21, 2025, to be held virtually, with voting on director elections, executive compensation, and auditor ratification.

• 2024 financial highlights include net income of $106.4M, core net income of $107.8M, and total deposits of $7.2B.

• Strategic focus on mission-driven banking, customer insights, product innovation, and operational efficiency.

Voting matters and shareholder proposals

• Shareholders will vote to elect 11 directors, approve executive compensation (say-on-pay), and ratify Crowe LLP as the independent auditor for 2025.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2026 meeting must be submitted between Jan 21 and Feb 20, 2026.

Board of directors and corporate governance

• Board set at 11 members, with a mix of independent and Workers United-designated directors.

• Board committees include Audit, Compensation, Nominating and Governance, Executive, Credit Policy, Enterprise Risk Oversight, and Trust.

• Board leadership structure separates Chair and CEO roles; Lead Independent Director role established.

• Board diversity: seven women, four racially/ethnically diverse, one LGBTQ+ member.