Extreme Networks (EXTR) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on November 4, 2026, with voting on four key proposals, including director elections, executive compensation, auditor ratification, and an amendment to the equity incentive plan.

• Shareholders of record as of September 9, 2026, are eligible to vote, with 132,170,695 shares outstanding.

• The company achieved $1.28 billion in net revenues for fiscal 2026, a 13% increase over the prior year, with strong operating margins and positive cash flow.

Voting matters and shareholder proposals

• Proposal 1: Elect seven directors for a one-year term; board recommends voting FOR all nominees.

• Proposal 2: Advisory vote to approve named executive officers' compensation (Say on Pay); board recommends FOR.

• Proposal 3: Ratify Deloitte & Touche LLP as independent auditors for fiscal 2027; board recommends FOR.

• Proposal 4: Approve amendment to the 2013 Equity Incentive Plan to add 1,000,000 shares; board recommends FOR.

• Shareholder proposals and director nominations for the 2027 meeting must be submitted between July 7 and August 6, 2027.

Board of directors and corporate governance

• Seven directors are nominated, with one current director not standing for reelection.

• All directors except the CEO are independent under Nasdaq rules.

• Board leadership separates the roles of CEO and Chair; the Chair is an independent director.

• Three standing committees: Audit, Compensation, and Nominating & Governance, all with independent members.

• Directors are required to own shares equal to at least five times the annual retainer.