Enphase Energy (ENPH) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 14, 2025, with a supplement filed to support director nominees and encourage votes in their favor.

• ISS Proxy Advisory Services recommends voting "FOR" both director nominees, Steven J. Gomo and Thurman John Rodgers.

• The supplement addresses investor concerns about potential "overboarding" due to nominees' service on multiple boards.

Voting matters and shareholder proposals

• Proposal 1 seeks election of Steven J. Gomo and Thurman John Rodgers as directors.

• Board and ISS recommend voting "FOR" both nominees.

• Shareholders are also encouraged to vote "FOR" Proposals 2, 3, and 4 as detailed in the main Proxy Statement.

Board of directors and corporate governance

• Thurman John Rodgers demonstrates high engagement, with 100% attendance at all Board and Committee meetings in 2024 and over the past five years.

• Rodgers serves as Chair of the Compensation Committee and is active on the Nominating, Corporate Governance, and Strategic Committees.

• Steven J. Gomo serves as Chair of the Board and Audit Committee, and is a member of the Share Repurchase Committee.

• Gomo has 100% attendance at all Board and Committee meetings over the past five years.