Flagstar Bank (FLG) Proxy filing summary

Executive summary

• Supplemental proxy materials provide updates on leadership changes and additional proxy solicitation details following the initial proxy statement for the June 9, 2026 annual meeting.

• Leadership updates aim to strengthen executive management and support long-term strategic planning and succession.

Voting matters and shareholder proposals

• Shareholders are being solicited for proxies for the annual meeting scheduled for June 9, 2026.

• Proxy solicitation includes both mail and assistance from Innisfree M & A Incorporated, with a $25,000 fee plus expenses.

Board of directors and corporate governance

• Joseph M. Otting will continue as Executive Chairman and CEO but will relinquish the President title.

• Richard Raffetto and Lee Smith will serve as Co-Presidents and Co-Chief Operating Officers, reporting to the CEO.

• Bao Nguyen becomes Chief Legal Officer and retains Chief of Staff role, with expanded oversight.

• Peter Sullivan is appointed General Counsel, managing the legal department.