Equity Bancshares (EQBK) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for April 22, 2025, to vote on key governance, compensation, and audit matters.

• Shareholders will vote on declassifying the board, electing directors, approving executive compensation, and ratifying the auditor.

• Proxy materials are available online, with voting accessible via internet or mail.

Voting matters and shareholder proposals

• Proposal to amend the Articles of Incorporation to phase out the classified board structure, moving to annual director elections by 2027.

• Election of four Class I directors, with term length dependent on the amendment's approval.

• Advisory vote on executive compensation (say-on-pay) for 2024.

• Ratification of Crowe LLP as independent auditor for 2025.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board currently divided into three classes; proposal aims to declassify by 2027.

• Board and committees meet regularly, with all directors attending at least 75% of meetings.

• Board skills include accounting, risk management, compliance, and community involvement.

• Majority of directors are independent under NYSE rules.

• Stockholders can nominate directors and communicate with the board per established procedures.