Applovin (APP) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 4, 2025, to be held virtually, with voting on director elections and auditor ratification.

• 2024 marked record revenue ($4.7B, up 43%), net income ($1.6B, 34% margin), and strong cash flow ($2.1B).

• Company is divesting its Apps business to focus on AI-powered advertising solutions.

Voting matters and shareholder proposals

• Shareholders will vote to elect nine directors and ratify Deloitte & Touche LLP as the independent auditor for 2025.

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

• Shareholders can submit proposals for the 2026 meeting by December 23, 2025.

Board of directors and corporate governance

• Board will be reduced to nine members, with six qualifying as independent under Nasdaq rules.

• Board committees (Audit, Compensation, Nominating & Corporate Governance) are fully independent.

• Lead independent director structure in place; independent directors meet regularly in executive session.

• Board conducts annual self-evaluations and encourages director attendance at meetings.

• Multi-class share structure gives significant voting power to CEO and co-founder via a voting agreement.