Inter Parfums (IPAR) Proxy Filing summary

Executive summary

• Annual meeting scheduled for September 17, 2024, to address director elections, executive compensation, company name change, auditor ratification, and other business.

• Proxy materials and annual report for fiscal year ended December 31, 2023, are available online; shareholders of record as of July 22, 2024, are eligible to vote.

• Board recommends voting in favor of all proposals, including the election of nine directors, advisory approval of executive compensation, company name change, and auditor ratification.

Voting matters and shareholder proposals

• Proposals include electing nine directors, advisory vote on executive compensation, changing the company name to Interparfums, Inc., and ratifying Forvis Mazars, LLP as independent auditor.

• Shareholders may submit proposals for the 2025 annual meeting between June 19, 2025, and July 1, 2025.

• Major shareholders Jean Madar and Philippe Benacin intend to vote in favor of all management proposals, making passage likely.

Board of directors and corporate governance

• Board consists of nine directors, including independent members; all current directors are nominated for re-election.

• Board committees include Audit, Executive Compensation and Stock Option, and Nominating Committees, all with posted charters.

• Board diversity policy revised in 2024; current board meets Nasdaq diversity requirements.

• Code of Conduct and insider trading policies are in place and available to shareholders.

• Board held 19 meetings in 2023, with all directors attending at least 75% of meetings.