Innovative Aerosystems (ISSC) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 17, 2025, to elect six directors and ratify the appointment of Grant Thornton LLP as independent auditor for fiscal 2025.

• Shareholders of record as of February 20, 2025, are eligible to vote; 17,545,314 shares outstanding.

• Proxy materials are available online, and voting can be done by mail, phone, or internet.

• Board recommends voting in favor of all director nominees and auditor ratification.

Voting matters and shareholder proposals

• Proposal 1: Election of six directors to serve until the 2026 annual meeting.

• Proposal 2: Ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal 2025.

• No other matters are expected, but proxies may vote on other business if properly presented.

• Shareholder proposals for the 2026 meeting must be received between October 6 and November 5, 2025.

Board of directors and corporate governance

• Board consists of six nominees, all current directors, with diverse backgrounds in aerospace, finance, and business.

• Five directors are independent under Nasdaq standards; CEO and Chairman roles are separated.

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

• Board emphasizes inclusion and annual self-assessment; all directors attended at least 75% of meetings in 2024.