indie Semiconductor (INDI) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for June 13, 2024, with a key vote on amending the 2021 Omnibus Equity Incentive Plan.

• Equity awards are central to compensation, supporting rapid growth and talent retention.

• ISS recommended voting against the Equity Plan Proposal, but the Board unanimously supports it, citing unique growth needs.

• 2023 revenue grew 101% year-over-year, and headcount increased by 50%.

Voting matters and shareholder proposals

• Proposal Four seeks approval for the amended 2021 Omnibus Equity Incentive Plan.

• Board recommends voting FOR the Equity Plan Proposal to maintain competitive compensation.

• ISS supports Say-on-Pay proposal, finding pay and performance alignment.

Board of directors and corporate governance

• All employees, officers, and directors are eligible for equity awards under the 2021 Plan.

• Board approved the Employee Equity Participation Plan (EEPP) to further align employee and shareholder interests.