Karat Packaging (KRT) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for June 19, 2025, to elect directors, ratify auditor, and approve executive compensation on an advisory basis.

• Board recommends voting FOR all director nominees, auditor ratification, and Say on Pay proposal.

• Shareholders of record as of April 21, 2025, are eligible to vote; 20,036,505 shares outstanding.

• Proxy materials and 2024 Annual Report are available online for review.

Voting matters and shareholder proposals

• Proposals include election of five directors, ratification of PricewaterhouseCoopers LLP as auditor, and advisory approval of executive compensation.

• Board recommends FOR all proposals; Say on Pay vote is advisory and non-binding.

• Shareholders may submit proposals for the 2026 meeting between February 19 and March 21, 2026.

Board of directors and corporate governance

• Board consists of five members, including CEO Alan Yu as Chairman; Paul Y. Chen serves as lead independent director.

• Board committees: Audit, Compensation, and Nominating & Corporate Governance, all with independent directors.

• Code of Business Conduct, Insider Trading Policy, and Clawback Policy are in place and publicly available.

• Board and committees met regularly in 2024; all directors attended at least 75% of meetings.